Short-Term & Vacation Rental Discussions

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Richard McCaffrey
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Strategies to rent lux properties and AirBNB w/ owner's approval

Posted Sep 28 2019, 01:21


Was hoping a seasoned AirBNB professional could point me in the right direction.

I am exploring the idea of leasing luxury property in the Lake Tahoe, CA area for the winter season in the 5-20k/mo range and renting out for $500ish/night during the week and $2-5knight on the weekends. I am lucky to have some excellent contacts there so I believe I can potentially pull this off.  I personally know that the demand is far exceeds the supply for these properties. 

I am new to this, so I wanted to ask:

How do you go about securing the lease with an addendum that I can sublease the property as a vacation rental and get the owner to go along with it?

Do you purchase additional insurance beyond what AirBNB provides?

How would you go about teaming up with an interior designer/stager providing a first class experience while keeping costs down?

What is the worst case occupancy rate you factor into your margins given that the property is in an A+ location and is staged beautifully?

What is the standard rate for an AirBNB property manager as I would be a silent investor?

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