Real Estate Investor · Huntington Beach, CA · Member since 2008 · 14 posts · 12 votes
I am just curious if this is common or if it is being done in a systematic way. I own a decent sized property management company and I thought that this might be a way to generate additional cash flow within my company. Approach existing clients with the prospect of me renting their home with the intent to sublease it as a vacation rental. Obviously I would have to furnish the units and outfit it and deal with the constant turnover. I am not sure how complicated it would get but I am liking the idea. It would be nice to talk to someone that has successfully pulled this off while being upfront and honest with the client. If you are doing it, what software and tools do you recommend?
Brian Page Airbnb Formula. I'm doing it with 23 STRs and 83 beds, but I own the places free and clear. My renters are refinery contractors. Big burly guys with neck tats. They drive jacked up 4x4s, chew tobacco in their sleep and smell like diesel fuel. I decorate all my bedrooms as if Hugh Heffner would stay there.
Thanks guys, apparently the word is rental arbitrage! @Ken Latchers not too positive on this idea? I guess I need to read some of the other posts on it to understand the why some might oppose it??
Learning about something before jumping into it is generally considered wise. Search on Arbitrage over the last several months, and try to avoid the hip hip hooray types. Just because someone says it works well doesn't mean you should be ignoring all the other warnings
Thanks guys, apparently the word is rental arbitrage! @Ken Latchers not too positive on this idea? I guess I need to read some of the other posts on it to understand the why some might oppose it??
Julie, Avery, Lucas, John, Ken and myself all have the same view on rental arbitrage. It's a bad idea. We just answer the question differently @Bryant Hull