Philadelphia Airbnb Arbitrage

[Mike Bonomo]

Hi Everyone,

I am looking to get into Airbnb Arbitrage in Philadelphia Pa. Does anyone know a Real Estate Attorney who is familiar with Philadelphia's regulations around Airbnb arbitrage? I am looking for an attorney to help me set up my business! 

Thanks in advance,

Mike!

[Tyler Winget]

@Mike Bonomo - not an attorney here, but I am an agent and an operator with over 100 units in the city. Have experience with both arbitrage and traditional single family homes in Philly. 

In the city, you're going to want to find something unique (of course) and that is Zoned CMX3 or above (CMX4,CMX5, IRMX, etc.). 

If it's a duplex or other multi-unit building you've come across or you have access to, then you may be in a good spot. 

Your next hurdle thereafter will be with the HOA/Condo association and navigating subletting & rental rules and regs. I do see this step as a big jump for an individual to make on their own, rather, if it's a a Professional Management company approaching the Association instead of an individual on their own, they have (in our experience) treated it differently and permitted the Airbnb.

Hope this is helpful - let me know your thoughts.