Pitching Rental Arbitrage

[Mekhi Jones]

Hi BP community,

I am an out of state investor in my hometown of Cincinnati, so I plan to visit for both work and family now. 

Im thinking of practicing Rental Arbitrage with an apartment in the city to add double as another income stream and to serve as my housing when I visit. I've been reading that finding a landlord willing to do this is difficult so I wanted to ping for forums for any advice for finding and convincing landlords. I've been just sending questions and message on Zillow so far, or if I can find an email on the properties website. Is there a better way?

While you're here, do you think this strategy and effort is worth it? Im primarily finding investment projects for fix-and-flips, with partners on the ground in Cincinnati, so I'll be the most hands off but don't want to distract myself with the high turnover of STRs. So to this end, any advice for finding a property managers/hosts?

[Marie Grabo]

I'm thinking this could be a way to save the monies needed to purchase a property and build equity. Not everyone has 20-30% to put down. This seems like a good business plan with the right property and landlord onboard.