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38
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Daniel Kaplan
  • Investor
  • Highland Park, IL
26
Votes |
38
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Air BnB: 25k a month opprotunity

Daniel Kaplan
  • Investor
  • Highland Park, IL
Posted

Hey BiggerPockets fam!

I am a college student at the University of Wisconsin-Madison and came across a genius Air BnB arbitrage idea.

There are 15 students who are going abroad for 5 months and are leaving their units vacant because they are too lazy/incompetent to sublease their apartments. I have created a model where I would pick up their sublease for 60 cents on the dollar (around 600 for each unit) and rent it out on air bnb for $100-$200 a day with an expected occupancy of 75% - $24,750-$58,500 per month for 5 months (if feasible, I could expand to upwards of 100 students).

Sounds great right?

However, I have one issue:

In the terms of the lease, it states "All sublets must be approved in writing by management". Do you think I will have any issues with the landlord in doing so? 

I would love some help from experienced Air BnB'ers and would definitely consider doing this as a JV.

Please let me know Y'all's thoughts!!!!

Most Popular Reply

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12,820
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15,130
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Bruce Woodruff
#3 All Forums Contributor
  • Contractor/Investor/Consultant
  • San Diego / Phoenix
15,130
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12,820
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Bruce Woodruff
#3 All Forums Contributor
  • Contractor/Investor/Consultant
  • San Diego / Phoenix
Replied

Yeah, think like the property owner/manager....why would they want to do this? Make it real attractive.

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