Short-Term & Vacation Rental Discussions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
How to lease and allow tenant (daughter) make money through STRs?
My husband and I are trying to help our daughter earn some money. She has some experience doing Airbnb, so we were thinking to rent one of our properties to her, and then let her fix up and furnish the place for short-term/corporate rentals. I know Airbnb doesn’t require a contract, but what if she were to do a corporate housing rental for a few months or even a year? Would we have to sign a lease with this tenant ourselves, or is this an agreement/contract that she would sign with the corporate housing tenant?
As you can probably tell, we are not very familiar with how short term rentals and subletting works. We’ve always previously banned them in our leases, but this would be a different situation with our daughter, so we just wanted to make sure we’re doing this correctly! We are located in the SF Bay Area (in case that makes any difference).
Thank you for any advice on this.
Amy