Short Term Rental Arbitrage

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Short Term Rental Arbitrage

Erik Runfola
Member since 2022 · 5 posts · 0 votes

I am trying to find cities that will allow renters to short term rental the property. For example, I am a renter of a property and not the owner, but I want to rent the property on AirBnB. Many cities now require short term rentals to have permits. Many times these permits are only issued to owners. Do you know of any cities that will issue the permit to a renter or don't have permitting restrictions?

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Luke CarlPro Member
Rental Property Investor · Tennessee Florida · Member since 2016 · 4k+ posts · 5k+ votes
3y

I would look into getting your license and becoming an actual property manager. Arbitrage is basically property management without a license. 

Podcast Guest on Show From Surviving on $30/Day to 30+ Properties Thanks to Blue-Collar Skills
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  • Luke CarlPro Member
    Rental Property Investor · Tennessee Florida · Member since 2016 · 4k+ posts · 5k+ votes
    3y

    I would look into getting your license and becoming an actual property manager. Arbitrage is basically property management without a license. 

    Podcast Guest on Show From Surviving on $30/Day to 30+ Properties Thanks to Blue-Collar Skills
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  • Michael BaumPro Member
    Olympia, WA · Member since 2016 · 8k+ posts · 7k+ votes
    3y

    My standard reply -

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  • January Johnson
    Real Estate Agent · Emerald Coast, FL · Member since 2016 · 820 posts · 487 votes
    3y
    Quote from @Erik Runfola:

    I am trying to find cities that will allow renters to short term rental the property. For example, I am a renter of a property and not the owner, but I want to rent the property on AirBnB. Many cities now require short term rentals to have permits. Many times these permits are only issued to owners. Do you know of any cities that will issue the permit to a renter or don't have permitting restrictions?


     You need to find LANDLORDS who will allow you to do this.  Panama City, FL is entirely STRable.  You have to be licensed by the state and then register with the county and city to pay taxes and fees.  But even so, your LANDLORD must agree.  

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  • Sarah KensingerPro Member
    Real Estate Consultant · OH · Member since 2023 · 2k+ posts · 1k+ votes
    3y

    I would advise in picking a location and learning about that market. Look at the regulations and possible permit requirements, if it's not conducive to you then move on to another location. After you find a location that would work for arbitrage, you need to take a deep dive into the market and understand it inside and out. Then go find some landlords, and that could take many phone calls, so be ready to keep at it.

    [email protected]330-557-3021
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  • Erik Runfola
    OP
    Member since 2022 · 5 posts · 0 votes
    3y

    Thanks for the replies. All super helpful. 

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