All Forum Posts by: Asan Dixon

 You should definitely look into it! Just type in rental arbitrage on youtube. Airbnb Automated has a wealth of information. Its definitely not as long term as OWNING rentals but it can be a tool to get there. Im not sure if you guys have only heard the perspective of other owners whove had bad experiences with tenants subletting, which as far as i know is a no no, but I read about success quite often and a lot of that success comes from having relationships and transparency with owners.

That makes sense. Im not looking to do anything slyly or under the nose of anyone nor do I think I can. I think i would have to be up front and it wouldn't be a residential lease it would be a corporate lease under our LLC. I would imagine id be under the chopping block at most times, meaning if someone is staying and throws a party or disturbs neighbors I could be kicked out. However, I think I would acknowledge that in the inital conversations and do what I had to to thwart that from happening as much as I could.

@Jason Allen pm sent

@Julie McCoy so how are people doing it then? Are they lying?

@Jake Miller regulations are fairly lose in my market. I wouldn’t be asking questions if didn’t research everything I could possibly know. Especially regulations.

@Michael Baum A risk, yes. But there are also benefits to it.

@John Underwood I understand that. It’s a trade off. Even if I did own property I wouldn’t be able to use every unit on Airbnb. We do have regulation regarding that. That also limits my ability to get units in specific areas unless I have quite a bit of money for down payments and that doesn’t include furnishing.

I do see the pros of owning the property but arbitrage seems like a good way to go as well. They can back out and I’ve heard of people getting kicked out. However, I’d rather lose a unit than default on a loan.

This also provides a service to the property owner, I’m filling space in their portfolio and almost guaranties them rent and that I’m taking care of their property.

Another way people do this is through Airbnb management, the owner sets up the Airbnb, I just get paid a large percentage to manage the unit.

@Lucas Carl why would you assume that?

@Account Closed Just saw you posted this! Thanks so much you actually answer part of my question in my next post as well. If you dont mind could you take a look at that question as well? Or if youd like i can message you privately as well. 
Thanks!

My partner and I are just about ready to get into Airbnb through rental arbitrage. 
Does anyone have a script they use when talking to land lords?  Or can give pointers/ideas on what to say?

My main selling points I have in my head right now are as follows;

Property always in ready to sell condition, as it is in our best interest anyway.
Willingness to follow special rules or guidelines they may want to put in place to keep their other residences happy.
Willing to sign an extended lease.
Willing to pay a small premium on top of rent to increase their cash flow. (although this will be a card I keep in my pocket initially)

In my market we have to get insurance and be self certify that we are up to code and these are things I would bring up as well, but are there any major selling points you guys have used to secure properties, especially starting out?

We want to get into apartment buildings which are professionally managed as well, and I have a general understanding of how to do it, but is it the same process? Do we just ask the property managers if its something they will be willing to do and show our income, etc.? Or is there more to it?

Thanks in advance!