San Diego Short Term Rental Arbitrage

[Andrew Ratterman]

Hi I am looking to start a new business in San Diego doing Airbnb rental arbitrage. Is anybody in San Diego doing it? I am looking to set up an LLC and get started right away. Is there special laws I need to be aware of? Any advice would be very much appreciated. I also need to find funding from a private lender.

[Justin Ellis]

@Andrew Ratterman nothing wrong with arbitrage, you won't just find inexperienced LL to lease to you, I lease all my properties from very experienced owners. Explain to them that their property is an Asset to you and to a standard renter it's a Liability. Explain you'll have eyes on the place about 1-2 times a week and have it cleaned top to bottom. Don't listen when people who have never done what you are trying to do tell you it won't work, especially @Ken Latchers, he never has anything positive or productive to say and talks as if he knows all, but truth is he's just a sad old guy that pleasures himself to the though of bashing people in online forums (it's sad really).

I would however beware of the changing regulatory climate in that market. If you do your research and you still decide to move forward, I would put an addendum in the lease that "should the regulations change, you can get out within 90 days" or something like that. If they refuse, on to the next one.

Good luck, go get em!