Air BnB Arbitrage $25k-58k per Month Opportunity

[Daniel Kaplan]

Hey BiggerPockets fam!

I am a college student at the University of Wisconsin-Madison and came across a genius Air BnB arbitrage idea.

There are 15 students who are going abroad for 5 months and are leaving their units vacant because they are too lazy/incompetent to sublease their apartments. I have created a model where I would pick up their sublease for 60 cents on the dollar (around 600 for each unit) and rent it out on air bnb for $100-$200 a day with an expected occupancy of 75% - $24,750-$58,500 per month for 5 months (if feasible, I could expand to upwards of 100 students).

Sounds great right?

However, I have one issue:

In the terms of the lease, it states "All sublets must be approved in writing by management". Do you think I will have any issues with the landlord in doing so?

I would love some help from experienced Air BnB'ers and would definitely consider doing this as a JV.

Please let me know Y'all's thoughts!!!!

[Paul Sandhu]

I can see so many things going wrong, I don't know where to start.

Furnishings, utilities, cleaning, restocking and most of all the expected nightly rate and occupancy percentages.  If it's such a great opportunity, why aren't landlords doing the same things themselves.  What if the landlord sees what you are doing and kicks you out to do it himself?

You're trying to rent a car from Hertz and then re-renting it to an Uber driver.