Sneaky tenants caught on Airbnb

[Chibueze Nwadigo]

Hello guys, so long story short, recently found out on Airbnb that my tenants listed my property on Airbnb which is a violation of the lease and could get evicted but I am thinking like a business man. My question is how do I go about getting some of the profits if they are booked or not. 

[Patricia Steiner]

Let's start here:  The #1 reason why landlords fail is - failure to manage to the lease. So unless your lease is for 'entertainment value only," you need to enforce it.  The tenants not only violated their lease but they have put you at risk - as a commercial insurance policy is required for a vacation rental as is licensing with the municipality and state (in Florida).  If a 'guest' gets hurt while at your property, you're totally exposed.  Send the tenants a Notice To Quit and let them know that you are prepared to move forward with eviction.  

And, 'share in the profits?"  Really?  If this is legal/viable in your market, furnish the place, get your licensing in place as well as proper insurance, and run your own vacation rental business.  The thought of partnering with people who demonstrated no regard for you - while you hold the greater risk - makes no sense whatsoever.

You're running a business and your customer is running a business inside yours...not cool, not legal, not wealth building or preserving. Glad you discovered what they were up to - and now it's your turn to let them know that they messed with the wrong guy.  Take your trash to the curb and leave it there...