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LTR - STR Arbitrage Model
Hi all. I'm a licensed real estate salesperson and investor who owns some single family houses in an area that attracts people seeking vacation properties, but is not very densely populated. After having some difficulty finding qualified tenants who could afford the rent, a highly qualified tenant approached me asking to lease one of the houses using an STR arbitrage model. It's turned out to be quite a good deal for us both, as they are paying all utilities, some maintenance, and have even contributed to some cap ex in exchange for a multi-year lease. Wondering your thoughts on this, and if you know of any good forums for finding other landlords who might be interested in this model?