Prospecitve tenant wants to Airbnb

[Viral Mehta]

Hello everyone,

I recently purchased a 3 bed / 2 bath single family home in Frisco (with good schools) as a long term buy and hold property. I intend to lease it to families who would ideally stay 2 - 3 years (or longer). However, I was recently contacted by someone who as a business leases out single family homes and then puts them on AirBnb as short term rentals. My property does not have an HOA so I could legally do this if I wanted to.

The business model of the person is that he signs 3 to 5 year residential leases, adds furniture and makes the property nicer and puts it on AirBnb. He has been in business for less than 2 years. He has 10+ properties and his goal is to get many more such properties and then sell his business to a larger company. He signs the lease in his name (not the business name) and also wants to include a clause that allows him to pay 2 months rent to get out of the lease. 

How should I think about this option? What are the major benefits and risks of pursuing this? If you do think this is a good idea - how much more rent should I charge him for taking on additional risks of AirBnBing my property? Thank you for your advice. 

[Chase Lowry]

Why don't you do what he is doing... You own the property.