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Updated 3 months ago on . Most recent reply

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92
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Raza Rizvi
  • Rental Property Investor
  • New York, NY
9
Votes |
92
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Looking for a realtor to help me with Airbnb/VRBO arbitrage

Raza Rizvi
  • Rental Property Investor
  • New York, NY
Posted

Hello, I’m looking for Airbnb arbitrage opportunities not limited to any particular market. If someone has any leads or realtors that work in this field, please contact me.

Thanks

Most Popular Reply

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2,317
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1,871
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Andrew Steffens
#4 Short-Term & Vacation Rental Discussions Contributor
  • Tampa, FL
1,871
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2,317
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Andrew Steffens
#4 Short-Term & Vacation Rental Discussions Contributor
  • Tampa, FL
Replied

I hate to be a pessimist but if you search on here most do not have good things to say about arbitrage.  Let us use an example:

Average 3/2 pool home in Pinellas County within 10 mins to the beach, $3000-3500 per month rent.  Lets say you negotiate $3,000.  Add utilities, lawn and pool care $800-1000.  Lets go under at $800 so now monthly expenses are $3,800.  Furnishings and outfitting run about $20/ft professional but if you DIY at $15 and its 1,500 sq ft $22,500.

AirDNA has the property at $65,000 Annual Gross.  That is $5,400 or so per month so $1,600 profit.  That is $19,200 annual profit so you would be -$3,200 in 1 year with no factoring of breakage and maintenance.  Its a risky expensive job.

Obviously this is one market but the trend is not positive.

  • Andrew Steffens
  • [email protected]
  • 813-563-0877
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