Should You Allow Rental Arbitrage? Pros and Cons for Landlords

Should You Allow Rental Arbitrage? Pros and Cons for Landlords

Episode #334

If a potential tenant approaches you about Airbnb rental arbitrage, you may wonder if there’s a catch. Are you responsible for damages? What if you encounter a noisy guest? As a landlord, there are all kinds of pros and cons you need to consider before letting someone else lease out your home. But, not to worry—our hosts are here to spell them out!

Welcome back to the “Real Estate Rookie” podcast! In this episode, Ashley and Tony deliver some critical advice to landlords. In addition to rental arbitrage, they discuss non-renewal notices—when and how to deliver them! For first-time investors, they also provide a step-by-step process for creating an offer letter. What’s more, they break down the biggest differences between hard money loans and construction loans and which one is the better option for a BRRRR (buy, rehab, rent, refinance, repeat). Finally, they touch on structuring partnerships and all of the details you MUST flesh out before making one official!

If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group, call us at the Rookie Request Line (1-888-5-ROOKIE), or click here: https://www.biggerpockets.com/reply?utm_source=youtube&utm_medium=description&utm_campaign=none

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Submit Your Real Estate Rookie Question!
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Rookie Reply: How to Structure a Real Estate Partnership:
https://www.biggerpockets.com/blog/rookie-174?utm_source=youtube&utm_medium=description&utm_campaign=none
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Rookie Reply: Airbnb Arbitrage, Turnkey Rentals, and When to Use a HELOC:
https://www.biggerpockets.com/blog/rookie-270?utm_source=youtube&utm_medium=description&utm_campaign=none
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Rookie Reply: How to Make an Offer on a House (Even If It’s Off-Market):
https://www.biggerpockets.com/blog/rookie-podcast-108?utm_source=youtube&utm_medium=description&utm_campaign=none
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How to Find Your Perfect First Rental Property (Even in an Expensive Area) w/Lyrva Sanchez:
https://www.biggerpockets.com/blog/rookie-331?utm_source=youtube&utm_medium=description&utm_campaign=none
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How to Use Construction Loans to Get 100% Financing on Your Next Deal:
https://www.biggerpockets.com/blog/2013-11-19-construction-loans?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
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Shoot Ashley and Tony a Question on Instagram!
@wealthfromrentals or https://www.instagram.com/wealthfromrentals/
@tonyjrobinson or https://www.instagram.com/tonyjrobinson/

Show notes at: https://www.biggerpockets.com/blog/rookie-334?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 Intro

04:31 How to Craft a KILLER Offer

14:46 Structuring Your FIRST Partnership

20:29 Hard Money Loans vs. Construction Loans

30:16 Non-Renewal Notices 101

34:39 Should You Allow Rental Arbitrage?

40:51 Send Us Your Question!


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