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 submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE).
In This Episode We Cover:
The pros and cons of allowing Airbnb rental arbitrage in your units
How to deliver a non-renewal notice to a tenant (properly and legally!)
How to make an offer on an investment property (step by step!)
Key differences between hard money loans and construction loans
The BEST ways to structure a real estate investing partnership
And So Much More!
Links from the Show
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Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Ask Us Your Investing Question
Grab Your Copy of “Real Estate Partnerships” Today
Rookie Reply: How to Structure a Real Estate Partnership
Rookie Reply: Airbnb Arbitrage, Turnkey Rentals, and When to Use a HELOC
Rookie Reply: How to Make an Offer on a House (Even If It’s Off-Market)
How to Find Your Perfect First Rental Property (Even in an Expensive Area) w/Lyrva Sanchez
How to Use Construction Loans to Get 100% Financing on Your Next Deal
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-334
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