Airbnb's November 20 Rules Leave Hosts Blind — Is PadSplit the Safer Play?

Send us Fan Mail Starting November 20, Airbnb's new house rules take a lot out of the host's hands. Steve walks through the breakdown: no more rental agreements unless one of four exceptions applies (an HOA or building rule, an optional add-on like a golf cart, a stay of 28 nights or more, or a Luxe listing), no more asking guests to strip beds or take the trash out, no requiring a third-party app or Wi-Fi sign-in to get in, and no collecting phone numbers, emails, IDs or background checks. Steve says that last part just took a shot at StayFi. Myka's workaround: take Wi-Fi off the listing's amenities and offer it on request, and he ran his house rules and check-in instructions through Claude to make sure he's compliant before the deadline. Episode 356! Then Myka and Stevie Stacks ask whether PadSplit is the safer play now that Airbnb hosts are going in blind. A Frisco house rented by the room — nine bedrooms bringing in $8,100 a month on a $4,000 payment — and the ethics of building a business around one kind of tenant. Steve's three six-bedroom PadSplits and which one has the most drama (not the one you'd guess), managing 27 personalities, why he lets rooms sit empty until the right person applies, and using the DISC test to pick roommates. Plus Floyd Mayweather's money problems, the Fair Park parking hustle at the State Fair of Texas, $25 turkey legs and a fable about a donkey, and Vivint at $70 a month vs Ring cameras. MENTIONED IN THIS EPISODE People • Arthur Colker, StayFi — we want him back on the show to talk about the new rules • Mark Simpson, Boostly — said Airbnb would end up here • Shout-out: our friend Jibran Tools & programs: Airbnb's new house rules policy (effective Nov 20 — read the full policy on Airbnb), StayFi, Claude, ChatGPT, PadSplit, Truvi, Superhog, the DISC personality test, Vivint, Ring Also: Vrbo's Nick Saban commercials CHAPTERS 0:00 Cold Open 1:51 Floyd Mayweather: $100M a Fight, Still Broke 2:36 Why You Need an End Goal 3:37 Airbnb's New Rules Start November 20 4:32 Rental Agreements Banned: The 4 Exceptions 5:22 No More Asking Guests to Do Chores 6:24 Midterm Guests and Trash Day 7:36 No Required Apps or Wi-Fi Logins: A Shot at StayFi? 7:56 Myka's Workaround: Take Wi-Fi Off the Listing 9:48 Use Claude to Check Your House Rules 10:17 No Phone Numbers, IDs or Background Checks 11:53 Is Airbnb Going After Direct Bookings? 13:45 Penalty-Free Cancellations for Rule Breakers 14:18 Hotels, Vrbo and the Nick Saban Ads 16:19 "Can I Just Say I'm in an HOA?" 17:56 We're Corporate Rentals First 18:24 Is PadSplit More Sustainable Now? 19:20 The Frisco House Rented by the Room: 9 Bedrooms 22:20 Are You Serving Your Tenants or Using Them? 25:06 The $1,000-Commission Agent Who Got Sued 26:39 What Is Steering? 29:48 AI Makes Every Listing Look Good Now 30:28 $8,100 a Month on a $4,000 Payment 30:45 Steve's 3 PadSplits: Which House Has the Drama? 32:39 Managing 27 Personalities 33:33 The Complainer in the All-Guys House 35:41 Do You Really Need House Meetings? 36:48 PadSplit Reviews Follow Bad Roommates 37:47 Bad Guests: Airbnb vs PadSplit 39:06 How Steve Screens PadSplit Members 40:19 Use the DISC Test to Pick Roommates 42:21 Truvi, Superhog and Going in Blind 42:59 The November 20 Airbnb Boycott 44:45 The State Fair of Texas 46:45 The Fair Park Parking Hustle 49:08 Airbnb It Part-Time, Park Cars at Fair Time 51:19 $25 Turkey Legs and the Donkey Fable 53:55 The Texas Senate Race Mailers 57:59 Security Cameras: Vivint vs Ring 59:50 Ring's AI Camera Alerts 1:01:39 Where to Find Us Become a Live Let Thrive Insider: For $3 a month, get every new episode 5 days before everyone else. Raw, uncut, and early. Join here: https://www.buzzsprout.com/2641586/subscribe Julie George's Million Dollar Host STR mastermind: 140+ operators, 3 live calls a week. Code MYKA = 10% off your first payment. Springboard to Wealth Real estate mentorship with Thach Nguyen & Stephanie Owens: education, accountability, live events. Springboard to Wealth Real estate mentorship with Thach Nguyen & Stephanie Owens: education, accountability, live events. Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you. Support the show Work with us. Interested in professional management or consulting? Myka — Sharebnb: www.sharebnb.com Steve — Argest Rentals: www.ArgestRentals.com Sign up for PadSplit with Steve's link and get a free 1-on-1 PadSplit strategy call with Stevie Stacks: padsplit.com/hosts Myka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@Entrepremarriage All our links: linktr.ee/liveletthrive #airbnb #airbnbhost #shorttermrentals #midtermrentals #padsplit #rentbytheroom #coliving #corporatehousing #BRRRR #realestate #realestateinvesting #VRBO #shareeconomy #airbnbsuperhost #airbnbpodcast #sharebnb #liveletthrive #liveletthrivepodcast #biggerpockets #directbookings #bookdirect #dfwrealestate