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AirBnB Host
Ep 063: AirBnB Rental Arbitrage: a landlord’s best option!
03:10 – Kyle explains the meaning of rental arbitrage. Rental arbitrage is when you do not own the property but you lease it and use it for your AirBnB business.
04:55 – Kyle shares the 5 most common objections that you get in the process of rental arbitrage. The first one is ‘How am I going to be insured?’
05:02 – Kyle says don’t try to be an expert on insurance. Don’t try to answer their questions about insurance but lead them to the right person or a lawyer Kyle says.
06:36 – The second question is ‘How do I know who these tenants are?’ You have to know your tenants background and activities and they have to comply with your strict house rules on your property.
08:38 – The third question is ‘What if the place gets trashed?’ Luckily, Kyle has cleaners that come in every single time a guest checks out to inspect and clean the property. Landlords should be the last one to call or know about any issues.
10:57 – The fourth question is ‘Is it really more of a risk?’ We have cleaners and personnel that are going in and inspecting the property just as often as we have new guests. We also know how many guests are coming through the door because we have a ring doorbell that is recording every single person that is coming in.
12:25 – The last one is ‘You are making money off of my property, how do you expect me to not be a part of that?’ There are strategic ways to make it beneficial on both ends; find out at www.fearlessflipping.com/airbnbhosts and book a call with Kyle to get your questions answered.
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