Rental Arbitrage - Boston, MA

[Jennifer Chevez]

Hi everyone, 

 I have been doing some research on the Ordinances for short term rentals in Boston, as I am looking to get into the market. I spoke with Inspectional services (ISD) to assure I understood the regulations to be in compliance. I was told I had to be the owner of a single or multi-family dwelling in order to get approval on the registration number and business certificate. 

Essentially, I wouldn't be approved on a subleased apartment/private dwelling, for that matter regardless of the property owner agreeing to a sublease agreement. 

Has anyone found another way to do business and still be in compliance with city ordinances/regulations? 

Your time and feedback are greatly appreciated! 

[John Underwood]

Friends don't let friends arbitrage.

[Lien Vuong]

They're correct in letting you know that it is owner occupied units only and you need the permit from the city to operate. The only other market that could be possible is the Cape in MA where there is a sustained rental industry. 

[Michael Baum]

Hey @Jennifer Chevez, I think you have your answer already. There is no real way around that ordinance. Unless you decide to break the law. You will have to find an area to get started that doesn't have that kind of obstacle. Usually large metro areas are the biggest issue.

I agree with @John Underwood. You are best off looking to buy your first place.

[Paul Sandhu]

Buy your place.  I have 23 places with 83 beds.  Don't let anyone bully you around.  If they do, just flex you muscles and tell them to gtfo.

[Jennifer Chevez]

I really appreciate everyone's feedback, I definitely do want to do anything to break the law.