Airbnb partnerships...buying multi unit bldgs to rent to airbnb's

[Pauline Jones]

I've been reading about different ways Airbnb businesses can be run

There is a group called Niido powered by airbnb, that is building

 a 324 apt complex in Kissimmee Fl, 

with the object of renting the apts  with the stipulation that they rent

their place 180 nights on airbnb, either as a hosted stay there is no limit, or

they also have a Master Host program that provides keyless and other

needed services for a fee.  Newgard Development group will own

100% of the complex..

I was thinking this might work on a smaller scale

[Craig Curelop]

@Pauline Jones - Different cities have different laws with regards to AirBnb so be sure to check those out. Last weekend, I went to the Bay Area Real Estate summit where I met a few people doing these "master lease" ideas. 

A "master lease" is when you reach out to landlords and ask them if it is okay if you rent their place, but instead of living there you do a short-term rental. In many cities that do not allow short term rentals outside of a primary residence (i.e. Denver), "short term" will be 30+ days. Traveling nurses and corporate rentals are a great market for the 30-90 day period. 

This is a new idea and most property owners do not love the idea at first. However, there is a great advantage in doing this that you need to let them know: 

1. They will get steady rent from you with little to no hassle (i.e. free property management)

2. You will be monitoring their property making sure that it stays maintained every time the property flips. 

3. Offer to fix the little things for the property manager so it's extremely passive for them. 

Advantages for you:

1. You get the landlording and property management experience without the huge investment. 

2. AirBnb and other furnished rental sites are said to pay up to 2x-3x more than market rentals. You'll be cash flowing the property so long as you rent in a good location.