Renting a Home to Use as an AirBnB - Legality/Landlord Help
Hi, I was wandering if anyone had experience in renting a home, signing a normal lease, and then turning that home into an AirBnB. I originally heard this strategy on the BP Podcast, I think episode 229, but was wondering if anyone had taken this route yet and if you have how did you deal with the landlord. Did you tell them upfront or did you go ahead with the idea and basically look at it as you have the right to the property and you can run at as you like?
I know some leases have sub-leasing clauses in them but I haven't seen any that talk about short term renters in the home. Also was it worth it, does the short term rental income create enough return to go through with starting up a new unit every year. I am very early in the real estate game so I am fine with smaller returns and a lot of work at this point but just wanted to see if anyone had experience doing this at the start of their career.