Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Short-Term & Vacation Rental Discussions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

49
Posts
38
Votes
Michael Gravallese
  • Developer
  • Boca Raton, FL
38
Votes |
49
Posts

Short Term Artibrage on New Construction Triplex

Michael Gravallese
  • Developer
  • Boca Raton, FL
Posted

I just finished a new build. Its a Triplex consisting of (3) 2 bed 2 bath identical units, with an attached 2 car garage I plan to keep for personal use. We just put the 3 units up for rent and I have been approached by a couple of different people looking to sign a lease with me , and then rent the units out through a 3rd party management company doing short term rentals. I understand the insurance requirements needed by both the lessee, and the 3rd party management company. I am not opposed to the idea, but just wondering what else I should consider before I make a decision about this type of arrangement. Any tips, suggestions, concerns or any other advice would be appreciated. The building is in Lantana, Palm Beach County. Market rents are about $2800-$3000 per unit/month. What do you think would be a fair price to lease all 3 units to one person for an arbitrage scenario?

Thanks

Loading replies...