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Updated about 7 years ago,

User Stats

27
Posts
4
Votes
Michelle Zarlengo
  • Wholesaler
  • Salt Lake City, UT
4
Votes |
27
Posts

Lease property to AirBnB professional?

Michelle Zarlengo
  • Wholesaler
  • Salt Lake City, UT
Posted

I have a rental property in a suburb of Houston and I have been approached to lease my house to an investor with a lot AirBnB experience. They will use the property for their AirBnB business. They have excellent reviews on AirBnB but they own all of their current properties. They will sign a 2 year lease and leave the refrigerator. The refrigerator has no value to me but its part of the deal. The rent we have discussed is a little below market value.  There is an appeal of a 2 year lease for me as I am not able to manage the property as easily since I live out of state. The major selling point for me is they have to maintain the house in an excellent condition to keep tenants coming to their properties. They will take care of minor repairs. 

Does anyone have experience with this or suggestions on this arrangement?

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