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Updated over 1 year ago on . Most recent reply
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Has anyone rented out to tenants who hosts Airbnb?
Hi,
I have potential tenants (husband and wife) interested in renting out my 3 bedrooms home who will use one bedroom as their primary residence and rent out other rooms through Airbnb in Los Angeles. They sent me their own drafted lease agreement saying it needed to add sections to indicate my consent allowing Airbnb rentals adding protection that I won't be able to terminate the lease using Airbnb and sublet short-term rentals as a breach of contract, I guess it's a reasonable concern for them. (I'm having my lawyer reviewing the document)
Their background check is all clear with above-average credit score, the one thing that bothers me is their source of income are self-employed marketing business and Superhost status on Airbnb meaning I don't really understand their earnings.
What are you're experience renting out to tenants who use your property to host Airbnb? What are some liability issues I should be cautious about?
Thank you,
Michael
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- Rental Property Investor
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@Michael Choi You recently finished dealing with tenant issues when you acquired your multi-unit; Are you already prepared for more potential headaches, drama, and stress? I would recommend, at least for now, that you just rent to normal tenants rather than tenants making money off of your property. Let them buy their own properties if they want to rent out space for money.