Is this a known scheme?

[Jorge Caceres]

I received an application from someone claiming they manage a short term rentals company and "are looking for places just like mine". They will lease from us then short-term rent it to their select clients and they will manage everything even maintain aesthetics. You know what they say, "if it is too good to be true, it probably isn't true". What do you guys think? I am asking for website, yelp reviews, property addresses to do some due diligences but no answer so far.

[Celine Crestin]

As mentioned, this is called Arbitrage. I do not recommend this for my clients as it's a huge liability for you as the owner. They just want to profit off short term rentals without purchasing the property themselves. It can be done, but what would be the real benefit to you?