Long term apartment lease that you sublet for short term rentals?

[Christy Mroczkiewicz]

I'm interested in hearing from folks who have or are currently engaged in long term apartment leases that you have furnished yourself, that you then sublet to short term rental clients?  Has this been a good strategy for solid returns?  How receptive are apartment communities to allowing a sublease?  What is your minimum rental period? 

[January Johnson]

Quote from @Christy Mroczkiewicz:

I'm interested in hearing from folks who have or are currently engaged in long term apartment leases that you have furnished yourself, that you then sublet to short term rental clients?  Has this been a good strategy for solid returns?  How receptive are apartment communities to allowing a sublease?  What is your minimum rental period? 

I don't do this, but it would seem to me to go against any kind of lease agreement a larger apt complex would have in place. You'll likely need to find smaller buildings, 4-plexes, things like that - and get to know the owner/manager personally. 

Arbitrage (which is what this is called) is a "whole nuther" ballgame.  You DEFINITELY can't do this without letting the complex manager know and have their blessing.

Just my 2 cents.

[Cheri Malinski]

I have my own that I lease with mid term rentals.  It works out great.  I am also interested in learning about doing this in a rental arbitrage model.  Curious what type of lease would be used between owner of property and myself.

[Melissa Hartvigsen]

Hi there,

I don't do this, but have followed this channel on YouTube for years. They have a full playlist of videos on rental arbitrage, and a Facebook Group where you can get advice. Sean is one of the best content creators I have seen in this space:
Your Introduction to Presenting to Landlords, rental arbitrage - YouTube

https://www.rakidzich.com/

Good luck!

[Christy Mroczkiewicz]

Thanks for your input!