Hi everyone!
I am exploring properties in popular short term rental (STR) locations in California and being an Airbnb arbitrage friendly landlord. Airbnb arbitrage is a popular strategy but it's challenging to find landlords who allow tenants to sublease on Airbnb. The hypothesis is that by being an Airbnb arbitrage friendly landlord we solve the biggest problem for businesspeople looking to launch an Airbnb arbitrage business.
Right now I'm doing some market research and am hoping this community can answer a few questions for me:
1. Have other landlords tested a strategy similar to this? What was your experience letting a business person sublease on Airbnb?
2. As a landlord, are there special clauses/provisions you would put in your lease?
3. As a business person who wants to do Airbnb arbitrage, would you be open to paying slightly above market rent, profit sharing, or covering minor repairs to secure a lease that allows subleasing.
Thank you in advance for taking the time to respond to my questions!