First Airbnb Arbitrage

[Jason Coleman]

Just wanted to post that I dragged my feet on airbnb arbitrage for over a year. Wasn't too crazy about the active management side of this business. Ended up connecting with a guy through a mutual business owner. We ended up partnering up.  I front the money, and he manages the unit. We signed our first lease at the end of December and it looks like we will actually turn  a profit by the end of the first month. For those that are struggling, stop overthinking and double down on your strengths. Find someone where the relationship is symbiotic. There are plenty of people that will do the stuff you don't like to do (paperwork/operations...shoot me). We just signed our second lease today and we're planning to own 10+ by the end of the year. This is straight cashflow of course which is nice, but you want to roll this into more cashflowing real estate assets, not leases.This business model supplements my buy and hold rental portfolio nicely. Keep moving forward. Thanks as always for Bigger Pockets. This community has amplified my life to a whole other level. You can accomplish your dreams with consistent action and personal development. Woop Woop : )

[Zeona McIntyre]

Hi @Jonathan Greene, 

There are many landlords who don't want the hassle or furnishing a place and dealing with the management or all of that turnover. Even with a short-term rental manager, you still manage the manager, deal with damages, and have to refresh furniture. When my clients want to get into arbitrage, I recommend that they solve the problems or fears of landlords: vacancy, collecting market rate rent, and maintenance. They can offer to sign a long lease, like 3 years, with automated rent increases based on the area, and offer to cover any maintenance under say, $250. Many landlords would jump at the opportunity.