All Forum Posts by: Ji Hong

As a landlord in central FL I can tell you that your issue is supply and demand. Florida is booming and there just isn't the vacancy that would warrant allowing a STR. I have tenants that haven't moved because of the lack of options and cost of renting. The last time I had an empty rental, I had 3 realtors and 10 inquiries within a week. It just isn't a good time for that strategy in my opinion.

Thank you Melissa! I see. yeah Central Florida seems like it's always in high demand - I originally looked there because I grew up in central Florida - but it just seems so hard with demand and also with a lot of the homes being in a gated community with strict HOA restrictions.

You may be right, it may not be the right time to do so or for Florida, I may have to really just consider purchasing a home instead.

1 Vote

Quote from @Michael Baum:

Quote from @Ji Hong:

Quote from @Luke Carl:

Why not become a real property manager and do it that way?

Are you saying it'll be a more hands-on opportunity to start a property management company?
Gather the skills and cash to purchase the property and then get into STR?

Yeah, I think that saving cash to buy the property is the way to go.

If you have never managed a STR you don't really have the skillset to start managing.

Maybe you could start doing a co-host with someone first.

I see! Yes I have experience in Hospitality business in my former life for which i am hoping will come in handy running STR! I will consider co-hosting first maybe. Thank you!

1 Vote

Quote from @Shefali Golvelker:

We have a property in Long Beach, CA all furnished and ready to go for STR. We are looking for some good company who wants to do rental arbitrage.

Thank you! Sent you a DM!

0 Votes

Quote from @Luke Carl:

Why not become a real property manager and do it that way?

Are you saying it'll be a more hands-on opportunity to start a property management company?
Gather the skills and cash to purchase the property and then get into STR?

0 Votes

Quote from @Michael Baum:

I wish I could give advice on this @Ji Hong and @Briana Smith.

The bottom line is a lot of complexes don't allow STRs. People don't want to get involved with an arbitrage situation. It is fraught with issues if things go south.

Most arbitrage folks don't have much in the way of down payment to buy a place so they try arbitrage. The problem is they don't have any cash to outfit the property correctly, take care of a major repairs and maintenance etc.

A lot of owners know this so they simple avoid the situation. It is a tough row to hoe.

Thanks Michael, It has been pretty tough.
Totally understand the risk that the landlords see that doesn't seem to be worth it.
If given the chance, i'd share the money i have for the business which is often time more than enough to cover the full year, get the place ready, market, and maintain the property. However, to your point, that chance does not come often :T

Thank you for your thoughts!

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Quote from @Naz Hossain:

Hi Sherylyn, are you still doing arbitrage in San Antonio? We have a few properties that we are looking to allow arbitrage

@Naz Hossain

I am currently looking into doing Arbitrage if you are looking for someone to take your property! DM me! :D

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San Antonio, Texas

Hi Sherylyn, Sent you a DM. would love to connect with you as I am looking into starting arbitrage right now!! would love to get your take!

1 Vote

San Antonio, Texas

Hi Everyone!

I've been considering rental airbnb arbitrage for quite some time now. I've been doing the market research and narrowing down my search. However, every time i look into a city with what i think is potentially a good market, I tend to come across an issue of finding owners that will allow for arbitrage.

1. There aren't that many "listed by owners"
2. Agents tend to be uninterested in passing on the word the moment they hear corporate rentals, STR, or airbnb
3. Management companies run a lot of the listing in certain markets (ex. Kissimmee FL) and can't get in contact with owners at all.

Has anyone else have had this issue or know a work around for this?

Still learning a lot of the steps, but really determined to get at least one property off the ground this time!
Any word of advice will be helpful! Thank you!

0 Votes

All Forum Posts by: Ji Hong

Ji Hong has started 1 posts and replied 8 times.

Post: Finding landlords that will allow for airbnb arbitrage

Post: Finding landlords that will allow for airbnb arbitrage

Post: Finding landlords that will allow for airbnb arbitrage

Post: Finding landlords that will allow for airbnb arbitrage

Post: Finding landlords that will allow for airbnb arbitrage

Post: STR Investor here in San Antonio, TX

Post: STR Investor here in San Antonio, TX

Post: Finding landlords that will allow for airbnb arbitrage