Sub-lease for Airbnb?

[Vincent Wood]

Hi all!!

I have a 4-plex I am currently trying to get occupied in Columbus, OH in the Short North area. I was approached by someone who wanted to lease it from me to put on Airbnb. 

The rent discussed is above market by about $300 and he would personally sign a lease and provide double the usual deposit.

He would furnish it and be responsible for everything related to the business. I would only be responsible for the typical landlord duties.

Does this sound like a reasonable option? Has anyone done this? What pitfalls are there that I may not be considering?

Thank you!

[Stacy Davis]

The renter has a high responsibility to care for your property because if they don’t; they’re out of business. Damages would be handled/covered by deposits just the same as if you were renting to a long term tenant. Airbnb has strict guidelines that travelers have to follow in order to be able to use their properties. There’s some great podcasts from business owners who invest this way and they’re very favorable.