All Forum Posts by: Casey B.

All valid points. It's true you have considerably less ability to vet a renter on airbnb, however, since it's a short term rental isn't the task of finding a perfect renter a little less critical? You wouldn't have to worry about missed rent payments or an eviction with an airbnb renter since they have to pay up front. There is still the risk of damage to the property or other liability but isn't this the case with all vacation rentals? I know some investors are able to use airbnb for vacation rentals successfully so I was wondering if this strategy could be used to add value to rental properties through some sort of profit split between the landlord and tenant. It might be more trouble than it's worth but it's just an idea.

I thought I'd broach the topic of Airbnb since it's become a pretty popular topic in my area as of late. The pope is coming to Philadelphia in under a month as part of the world meeting of families event and Airbnb prices have shot through the roof as a result of the impending mass attendance for this event. I currently rent (new to investing and looking to by my first house when my lease expires) and my 3 bedroom townhouse could easily fetch over $1000/night for the week. My landlord won't let us rent the place out which I completely understand since It's kind of a high risk/low reward scenario for him. My main question here is: would there ever be a scenario in which any landlords would consider letting their tenants use Airbnb? Perhaps if the profits were shared?

Thank you everyone. I really appreciate the warm welcome and all the pointers. I am very excited to join this community and take advantage of all that bigger pockets has to offer. 

 Thanks John! I'm glad to hear you've had success in Philly. My plan is to start out with a small multi-family house hack or live in flip that I can use to fund more investment properties. I eventually want to invest in large multifamily and commercial buildings. I currently work as a design engineer on a lot of larger residential, commercial and mixed-use developments and I'd like to own some one day.

Greetings bigger pockets! I'm a newbie investor from the Philadelphia area looking to close my first deal and get started on the path toward a bountiful and fulfilling career in real estate investing. I believe a healthy dose of motivation is an important part of anyone's diet so If anyone has any success stories, specific real estate related memories or moments that stand out, or any general words of encouragement to help get me fired up please share!