Looking for a realtor to help me with Airbnb/VRBO arbitrage

Rental Property Investor · New York, NY · Member since 2011 · 95 posts · 10 votes

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

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Andrew SteffensBusiness Member

Tampa, FL · Member since 2022 · 3k+ posts · 3k+ votes

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.

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John Wright
Real Estate Agent · Cincinnati, OH · Member since 2017 · 54 posts · 63 votes
1y
@Raza Rizvi I have experimented here in Cincinnati with arbitrage.
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Andrew SteffensBusiness Member
Tampa, FL · Member since 2022 · 3k+ posts · 3k+ votes
1y
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.
[email protected]813-563-0877
Vacation Rentals of Florida53 Reviews
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Bruce WoodruffPro Member
Contractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
1y
What @Andrew Steffens said ^^^^^ A lot of risk for argyably not much money.
It's why it's called just a job not a Real Estate Investment.
But if you choose to go that route, best of luck. Maybe there are some markets with better profit? But I always wondered why a property owner would want to rent to an arbitrager? I sure wouldn't....
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Andrew SteffensBusiness Member
Tampa, FL · Member since 2022 · 3k+ posts · 3k+ votes
1y
Quote from @Bruce Woodruff:

What @Andrew Steffens said ^^^^^ A lot of risk for argyably not much money.
It's why it's called just a job not a Real Estate Investment.
But if you choose to go that route, best of luck. Maybe there are some markets with better profit? But I always wondered why a property owner would want to rent to an arbitrager? I sure wouldn't....

Agreed - its a big risk not only to the arbitrager but the landlord, and a tough sale. That same landlord could but the furniture and hire me at 20% and cut out the middle man.
[email protected]813-563-0877
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Sarah KensingerPro Member
Real Estate Consultant · OH · Member since 2023 · 2k+ posts · 1k+ votes
1y
Not much help on this forum, but if you're serious about this strategy I would tap into Michael and Elizabeth Chang network and free online content, to get your "feet a bit wet". And of course, Florida is not the best state to start in, but there's many many other places. Goodness down there I couldn't get a decent LTR tenant that could afford to rent a property!
[email protected]330-557-3021
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