What's up, well, builders? Today, I've got a guy who had 14 Airbnbs, and pretty much all of them got shut down overnight. And so today we're going to hear about what do you do when that happens, because a lot of people watching the show have been through something similar with owning rental properties or Airbnb or even a business where something just changes overnight. I've got my guy, Ivan Tadadon. What's up, man? Going on.

Thank you for having me again.

Yeah.

It's been a minute. It's been a minute. A lot to catch up. We got twins in the house today. Two bald guys. Let's go. Bald and beautiful, baby. All them beautiful. Bald and beautiful. It's funny because they keep comparing other. Are you guys brothers?

You guys related?

Yeah.

Both handsome.

Yeah.

Tall.

There we go.

Hispanic. One is tall. One is tall. One is, you know, for that. Yeah. For Hispanic. So, bro, I mean, I've known you for a while now and we'll kind of get into what we're doing together now, which is awesome.

But, dude, you were doing the Airbnb Arbitrage thing for a minute and making good money.

Yeah.

And it got shut down overnight.

Yeah, seemingly overnight for sure.

It basically, it had a really good run.

So I was doing arbitrage.

And usually in arbitrage, you last maybe a year, whatever your lease term is. But dude, I was in these properties for seven years

before recently. So I was like, you're the best tenant ever. Literally, I was literally the best and

we'll get to what happens when you're the best tenant. But yeah, I rode that wave and I already felt like I didn't want to do arbitrage, but I wasn't going to be the one to shut down a stream of income that was decent, right? Like we were making for the apartments, our studio one bedroom apartment, we were netting $1,000 per door. So all the furniture was paid off. I didn't have to worry about fixing anything because the community, it was in apartment buildings. They're all getting fixed. So you're making seven grand a month net off these arbitrage. Off of just that one building. And then the building right across from it's another six or seven there. Six, it was. And so yeah, I was making more than 10K on just these arbitrage deals. Yeah. So it was, I wasn't going to shut it off. I was going to wait until they kick me out. Yeah. I was going to ride that thing to the ground. Yeah. So, but yeah, recently they changed ownership. It was owned originally by Bank of America, I think, that building. And we had gone through different management companies that have in and out come out. and I would have to reintroduce myself, hey, look at my history. I'm paying on time.

I'm like the arbitrage guy I'm

the guy that you want to keep here but so we went through a couple management companies that took

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