Tenants Who Air BnB Apartment Units
Hello! I recently purchased a 6 unit apartment building and have tenants who do Air BnB in half the units. My question for everyone here, how do you base rent for tenants who utilize the unit for their Air BnB? I'm new to this concept and want to charge a fair price for this but also cover my risk.
Side question: do you allow tenants to do this on your property?
Thank you so much for your input!
-Gerrit
Most Popular Reply
@Gerrit Bruni, Are you saying people are renting from the property owner (now you in this case), and then using it to sublease the unit (AirBNB)? Is this allowed? Both by lease and by the city? If it's allowed, then why not make the whole property an AirBNB and you do it? I wouldn't allow tenants to do that. It's in my lease and mentioned multiple times when going over the lease that they are the ones that we're renting to and they can not sublet or sublease any part of the property.
If you're allowed to AirBNB the property out, then that should be a big gain for you instead of the tenants making that extra money off renting the unit and using it to AirBNB.