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Updated about 2 years ago,
Air BnB Arbitrage $25k-58k per Month Opportunity
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!!!!