Pro tip: If you want to do STR arbitrage, just say so...

[Cody L.]

Every day I get emails or texts asking if we do "corporate rentals" at our Houston portfolio of multifamily. And 11 times out of 10, what they are really asking is if we allow people to lease our units, then rent them out via STR on Airbnb/VRBO

I just got a new email today that was even more round about....  Email subject was just "LEASING" (yes, all caps), and the body was "Good afternoon! I was curious if you guys are accepting business applicants ?"

If I was going to try to do STR with other peoples units, here is what I'd do:

I'd create a website about my company (if it's new, no problem). Explain who we are, what we do, etc. In my initial email, I'd write up a quick summary of why you can trust me with your unit. I'd explain how I'm capitalized. My level of experience. What I'm willing to do vs. a normal tenant (take care of small work requests on my own? Pay a larger deposit? A bit higher rent?). I'd go over the legit fears that people have with STR ('extra wear and tear', etc.) and how I meditate them.

Then I'd reach out to owners and explain that yes, I'd like to lease your unit as a short term rental.  I'd provide the previously mentioned data.  I'd make myself available for any questions they might have, and I'd push for them to take next steps. 

But don't beat around the bush.  Don't just start out with "do you accept corporate rentals?".   Just come out and make your ask, and be prepared to resolve objections.   This is sales 101 guys... 

[Paul Sandhu]

Quote from @Michael Baum:

Like saying "Less than 1 million people are bitten by sharks every year." It is a truthful statement, just not terribly accurate and very misleading.

 I heard this on the radio yesterday.  More people are killed in Australia by tipping over soda machines than by being killed by sharks.  I had a refrigerator fall on top of me as I was going up a ramp with it on a dolly.  A soda machine weighs 5x as much as a fridge, and I can see how a person can be trapped underneath one.