Ep 58 - Managing and Growing 400 Units Using Timeshare with Myka Artis
GUEST'S BIO\nMyka Artis is a short term rental investor utilizing the rental arbitrage strategy and BRRRR to acquire his STRs. He owns 3 STRs and arbitrages over 400+ properties.\n\nHIGHLIGHTS OF THE EPISODE\n02:34 Join our growing STR Secrets Facebook community - https://www.facebook.com/groups/STRentalsecrets\n03:05 Myka Artis introduction and background\n04:04 How Myka got into the STR industry\n05:16 Myka's first condo in North Arlington\n05:45 Myka shares his experience with his parent's timeshare\n06:36 Myka's first house on Airbnb\n07:00 Myka's first partnership deal\n08:31 The power of timeshares\n13:32 Myka breaks down his timeshare STR model in depth\n14:54 Best set up for an STR space\n17:30 Why Myka loves short term rentals\n18:23 How Myka got to 400 short term rentals\n19:19 What are the things to look out for when running timeshares on Airbnb\n21:32 Myka shares how he started with his Airbnb properties\n22:25 Myka's favorite real estate investment strategy\n23:40 The acquisition cost on a BRRRR deal\n25:08 How Myka gets mortgages for his Airbnb properties\n28:27 Myka's 5-year vision\n29:43 How Profit First changed Myka's perspective\n33:06 Myka talks about his team\n34:06 Systems that Myka uses for his business\n38:04 Credit card hacking\n44:38 Where can people connect with Myka\n46:35 Myka's #1 secret to success with STR\n\nNOTABLE QUOTES\n"I already have a perfect day planned out of what I want, and I know that I'll be there soon." - Myka Artis\n"My number one secret to success was just doing it." - Myka Artis\n"We are just humans and we all have our days but it is the big why of having the vision and understanding what you want, having a partner that you want to do it with, it just makes it all worth it." - Emanuele Pani\n"The more seeds you plant everywhere, the more opportunities that are going to come your way." - Mike Sjogren\n\nCONNECT WITH THE GUEST\nMyka Artis: Clubhouse | Instagram | Facebook | Linkedin\nLive Let Thrive: Website| Instagram | Youtube | Facebook\n\nCONNECT WITH THE HOSTS\nMichael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin\nhttps://linktr.ee/the_airbnbguy\n\nEmanuele Pani: Clubhouse | Instagram | Facebook | Linkedin\n\nFREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices