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Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Adelaide

Do you want to have financial freedom through passive income? Invest in a property! Disclaimer: you don’t need to own a property at all in the Airbnb rental arbitrage business.

In this article, we featured the entire process of Airbnb rental arbitrage in Adelaide, its profitability, Airbnb key metrics including occupancy & average daily rates, along with the best areas for investment. 

Continue reading to learn more about short-term regulations and ways to convince landlords to sublet properties for rental arbitrage.

What is Rental Arbitrage? 

Rental Arbitrage is a perfect way to start an Airbnb business with no money. By convincing landlords to lease you a property, you can furnish and sublease it on Airbnb and VRBO. No need for you to buy a property! 

It is perfectly legal and is a proven scalable business model. In my podcast, I have spoken to various entrepreneurs doing Airbnb arbitrage full-time. 

Here’s a proof! In Adelaide, Phil manages 27 listings and I’m pretty sure he doesn’t own all the properties. Overall, he made A$1,684,928 in the last 12 months.

Adelaide airbnb rental arbitrage

Is Rental Arbitrage Profitable in Adelaide?

In order to start a rental arbitrage in Australia, particularly in Adelaide, it’s primarily important to take note of the overall cost & potential revenue.

For instance, the best neighborhood to invest in is Henley Beach. Aside from the beauty of this cosmopolitan seaside paradise, it is also popular because of the variety of restaurants and shopping districts. Using Airbtics’ income generator, you can easily distinguish that rental arbitrage in Adelaide is profitable.

Adelaide airbnb rental arbitrage
Profit & Monthly Expense in Adelaide

Based on Airbtics’ data, you can earn a whopping A$11,782 per month for a 3-bedroom apartment in Henley Beach alone. With the data provided, you can certainly tell that investing in a property in Adelaide is profitable.

Average Rent Price Airbnb Monthly Revenue Monthly Expense Monthly Profit
A$3,693 A$11,782 A$2,356 A$5,733

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price, and the monthly expenses (A$11,782 – A$3,693 – A$2,356 = A$5,733).

 Startup Cost in Adelaide

Now that you have an overview of how much your monthly expense & revenue, let’s talk about the start-up cost! How long does it take for an investor to get back the startup cost? Let’s take a look at this calculation:

Total Startup Cost (Average startup cost + 2 months rent price) Cash Return Time
A$9,386 2 months

The average estimated startup cost (for furnishing) in Adelaide is around A$2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price (A$7,386). Now that we have a total startup cost of A$9,386, cash return time can be calculated by dividing this by the monthly profit (A$5,733). 

Given your monthly revenue of A$5,733, it will take approximately 2 months time to get back the startup cost in Adelaide!

In such a brief period of time, you can already expect profit and can even start considering a second unit for rental arbitrage. If this sounds promising to you, then go ahead and look at the other best areas for rental arbitrage in Adelaide!

Best Areas for Rental Arbitrage in Adelaide

Before investing in a particular area in Adelaide, you have to take a look at the top markets and number of listings to set your expectations towards success. Check out the top 3 suburbs in Adelaide ranked by their annual revenue, along with their occupancy & daily rates!

1. Glenelg

Glenelg is one of the most recommended areas for investors who want to target locals and tourists during the summertime. Check out the Airbnb data such as the average revenue, occupancy rates, and more in Glenelg:

Type of Bedrooms Average Rent Price Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom A$2,824 A$4,133 77% A$222
2-bedrooms A$2,998 A$6,000 74% A$333
3-bedrooms A$3,259 A$7,791 82% A$412

According to our Airbtics Dashboard, there are more than 89 Airbnb listings with 8 condo properties and 37 one-bedroom properties in this area. The monthly revenue for most properties in Glenelg is more than A$4,078 per month with occupancy being more than 62%.

2. North Adelaide 

This neighborhood caters primarily to university students and tourists visiting the North Adelaide area. Check out the Airbnb data such as the average revenue, occupancy rates, and more in North Adelaide:

Type of Bedrooms Average Rent Price Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom A$2,607 A$3,992 87% A$251
2-bedrooms A$2,824 A$4,493 81% A$277
3-bedrooms A$3,693 A$7,099 76% A$384

This area has a total of 79 Airbnb listings with 9 private room properties and 27 one-bedroom property. The monthly revenue for most properties in North Adelaide is more than A$3,947 per month with occupancy being more than 70%.

3. Henley Beach

This must-visit destination is popular with both local & international tourists. Because of its close proximity to restaurants, coffee shops, and shopping centers, Henley Beach is definitely a star to property investors. Check out the Airbnb data such as the average revenue, occupancy rates, and more in Henley Beach:

Type of Bedrooms Average Rent Price Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom A$1,781 A$3,270 75% A$180
2-bedrooms A$1,955 A$4,460 78% A$215
3-bedrooms A$3,693 A$11,782 79% A$538

This area has a total of 70 Airbnb listings with 6 private room properties and 14 one-bedroom properties in this area. The monthly revenue for most properties in Henley Beach is more than A$3,732 per month with occupancy being more than 68%.

how much can you make on airbnb

Short-term rental regulations in Adelaide

To begin with, it’s certainly important to be familiar with the Airbnb rules in Adelaide to make sure that your business will run smoothly. Here are some of the short-term rental regulations and laws to take note of:

  • According to the short-term rental accommodation bill, residential premises used for short-term holiday rental accommodation must be registered.
  • An application for registration must be approved by the Commission and must be accompanied by the prescribed registration fee

Rental Properties in Adelaide

To run an Airbnb rental arbitrage in Australia, you can look at property websites and get a grasp of the ranging prices in Adelaide:

1. Rent AU
Sublet in Adelaide
Sublet in Adelaide

How to Find Landlords for Airbnb Rental Arbitrage

Airbnb investment through rental arbitrage is one of the best strategies to have passive income. However, it could be a challenge to find a landlord that allows their property for subletting on Airbnb. You can also convince a landlord by following the rental arbitrage email template & be extra creative! 

Here are ways how you can find landlords that allow Airbnb rental arbitrage:

  1. Real Estate Websites

Renters in the digital world who are looking for properties online can easily connect with landlords. Some of the most recommended online real estate websites which allow you to filter by city, state, or ZIP code are:

However, you can also find apartment & condominium properties online in the following websites:

  1. Search Engines & Marketplaces

There are numerous property owners who are leasing their properties and you can easily find them on Google & online marketplaces. Check out some of the most recommended marketplaces:

  1. Communicate with Landlords

If you are currently renting a space or know someone who is, then it’s also recommended to speak with them. Start by asking if there are vacant rooms or properties and let them know about your intentions of putting them up for rental arbitrage. They might also be able to recommend neighbors or local friends who are also interested in this idea!

Airbtics
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Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Surfers Paradise

Do you want to have financial freedom through passive income? Here’s a great way to do so: Invest in a property! And no – you don’t need to own a property to start the Airbnb rental arbitrage business. 

In this article, we featured the entire process of Airbnb rental arbitrage in Surfers Paradise, its profitability, along the best areas and neighborhoods. Continue reading to learn more about short-term regulations and ways to convince landlords to sublet properties for rental arbitrage!

What is Rental Arbitrage? 

Rental Arbitrage is a perfect way to start an Airbnb business with no money. By convincing landlords to lease you a property, you can furnish and sublease it on Airbnb and VRBO. No need for you to buy a property! 

It is perfectly legal and is a proven scalable business model. In my podcast, I have spoken to various entrepreneurs doing Airbnb arbitrage full-time. 

Here’s a proof! In Surfers Paradise, Jason manages 73 listings and I’m pretty sure he doesn’t own all the properties. Overall, he made A$8,497,628 in the last 12 months. 

surfers paradise airbnb rental arbitrage

Is Rental Arbitrage Profitable in Surfers Paradise?

In order to start a rental arbitrage in Australia, particularly in Surfers Paradise, it’s primarily important to take note of the overall cost & potential revenue.

For instance, the best neighborhood to invest in is Chevron Island, which is an urban island that is accessible to public transport and the main tourist area. Using Airbtics’ income generator, you can easily distinguish that rental arbitrage in Surfers Paradise is profitable!

surfers paradise airbnb rental arbitrage
Profit & Monthly Expense in Surfers Paradise

Based on Airbtics’ data, you can earn a whopping A$10,751 per month for a 3-bedroom apartment in Chevron Island alone. With the data provided, you can certainly tell that investing in a property in Surfers Paradise is profitable.

Average Rent Price Airbnb Monthly Revenue Monthly Expense Monthly Profit
A$3,693 A$10,751 A$2,150 A$4,907

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price, and the monthly expenses (A$10,751 – A$3,693 – A$2,150 = A$4,908).

 Startup Cost in Surfers Paradise

Now that you have an overview of how much your monthly expense and revenue, let’s talk about the startup cost! How long does it take for an investor to get back the startup cost? Let’s take a look at this calculation:

Total Startup Cost (Average startup cost + 2 months rent price) Cash Return Time
A$9,386 2 months

The average estimated startup cost (for furnishing) in Surfers Paradise is around A$2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price (A$7,386). Now that we have a total startup cost of A$9,386, cash return time can be calculated by dividing this by the monthly profit (A$4,908). 

Given your monthly revenue of A$4,908, it will take approximately 2 months time to get back the startup cost in Surfers Paradise!

In such a brief period of time, you can already expect profit and can even start considering a second unit for rental arbitrage. If this sounds promising to you, then go ahead and look at the other best areas for rental arbitrage in Surfers Paradise.

Best Areas for Rental Arbitrage in Surfers Paradise

Before investing in a particular area in Surfers Paradise, you have to take a look at the top markets and number of listings to set your expectations towards success. Check out the top 3 suburbs in Surfers Paradise ranked by their annual revenue, along with their occupancy & daily rates!

1. Chevron Island

Popular for holidaymakers and entrepreneurs, Chevron Island is one of the nicest places to invest in because it is situated in the heart of Surfers Paradise. Check out the Airbnb data such as the average revenue, occupancy rates, and more in Chevron Island:

Type of Bedrooms Average Rent Price Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom A$1,825 A$4,074 76% A$180
2-bedrooms A$1,955 A$6,631 70% A$251
3-bedrooms A$3,693 A$10,751 87% A$393

According to our Airbtics Dashboard, there are more than 27 Airbnb listings with 2 condo properties and 16 one-bedroom properties in this area. The monthly revenue for most properties in Chevron Island is more than A$3,168 per month with occupancy being more than 66%.

2. Macintosh Island 

If you are looking to invest in a property in the middle of Surfers Paradise, then Macintosh Island is definitely one of the most recommended areas! Check out the Airbnb data such as the average revenue, occupancy rates, and more in Macintosh Island:

Type of Bedrooms Average Rent Price Average Airbnb Revenue Occupancy Rates Average Daily Rate
Studio A$1,374 A$2,759 63% A$165
1-bedroom A$2,259 A$4,381 83% A$155
2-bedrooms A$3,150 A$5,258 83% A$300

This area has a total of 12 Airbnb listings with 2 private room properties and 1 one-bedroom property. The monthly revenue for most properties in Macintosh Island is more than A$4,546 per month with occupancy being more than 83%.

3. Golden Coast Beach 

Targetting the majority of tourists in general? Golden Coast Beach is situated near restaurants and markets, which makes it accessible to visitors. Check out the Airbnb data such as the average revenue, occupancy rates, and more in Macintosh Island:

Type of Bedrooms Average Rent Price Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom A$1,999 A$3,620 82% A$236
2-bedrooms A$2,911 A$4,261 82% A$377
3-bedrooms A$3,476 A$6,540 83% A$702

This area has a total of 861 Airbnb listings with 50 private room properties and 346 one-bedroom properties in this area. The monthly revenue for most properties in Golden Coast Beach is more than A$4,151 per month with occupancy being more than 63%.

LOOKING FOR MORE PROFITABLE CITIES TO INVEST IN AIRBNB IN AUSTRALIA?

If you want to discover other top rental markets in Australia, go ahead and check out the Airbnb demand by city!

Short-term rental regulations in Surfers Paradise

To begin with, it’s certainly important to be familiar with the Airbnb rules in Surfers Paradise to make sure that your business will run smoothly. Here are some of the short-term rental regulations and laws to take note of:

  • It is required to apply for a development approval if you’re not residing in the property and using your entire dwelling for short-term letting in the Gold Coast City Council.
  • To obtain a business licence and market a property as tourist accommodation, the property’s zoning must list tourist accommodation or temporary accommodation as a permitted use. Properties with residential zoning may not be marketed as available to tourists, for any length of time.
  • It is also necessary to give consideration to registered covenants that may affect a property development, rental pool and other covenants may place restrictions and obligations on property use.

Rental Properties in Surfers Paradise

To run an Airbnb rental arbitrage in Australia, you can look at property websites and get a grasp of the ranging prices in Surfers Paradise:

1. Homely
sublet in Surfers Paradise
2. Rent AU
sublet in Surfers Paradise

How to Find Landlords for Airbnb Rental Arbitrage

Airbnb investment through rental arbitrage is one of the best strategies to have passive income. However, it could be a challenge to find a landlord that allows their property for subletting on Airbnb. You can also convince a landlord by following the rental arbitrage email template & be extra creative! 

Here are ways how you can find landlords that allow Airbnb rental arbitrage:

  1. Real Estate Websites

Renters in the digital world who are looking for properties online can easily connect with landlords. Some of the most recommended online real estate websites which allow you to filter by city, state, or ZIP code are:

However, you can also find apartment & condominium properties online in the following websites:

  1. Search Engines & Marketplaces

There are numerous property owners who are leasing their properties and you can easily find them on Google & online marketplaces. Check out some of the most recommended marketplaces:

  1. Communicate with Landlords

If you are currently renting a space or know someone who is, then it’s also recommended to speak with them. Start by asking if there are vacant rooms or properties and let them know about your intentions of putting them up for rental arbitrage. They might also be able to recommend neighbors or local friends who are also interested in this idea!

Airbtics
Categories
Airbnb Rental Arbitrage All About Airbnb

Airbtics Rental Arbitrage Calculator

Is it legal to Start an Airbnb Rental Arbitrage?

To cut the story short, starting a rental arbitrage business is certainly legal! As long as you adhere to your preferred area’s short-term rental laws and regulations and come to an agreement with the property owner, there should be no problems when it comes to starting a rental arbitrage. 

Can You Make Money with Rental Arbitrage?

If you are on a limited budget and currently cannot afford to purchase your own property, then rental arbitrage is the correct route for you! We’ve spoken to various Airbnb hosts doing rental arbitrage full-time and their mindset on profitability exceeds their expectations.

The short answer is: YES! Rental arbitrage is certainly profitable as long as you conduct market research, target the successful areas, and consider your overall startup cost. 

rental arbitrage calculator

Using an accurate & free Airbnb calculator, you will be able to foresee potential monthly profit and consider the expenses associated with your property investment. By simply inputting your starting costs such as furnishing, deposit, legal documentation, and other expenses, you will instantly get a precise number to meet your expectations for long-term profitability.

How to Start A Rental Arbitrage Business?

To begin with, you have to find a profitable area to do Airbnb. This means that you have to carefully choose a location where you can receive a high number of bookings – profitability! Here is a step-by-step guide to start your rental arbitragd business:

1. Choose A Great Location

There are different ways for hosts to find a location. This includes connecting with local property managers in their area, participating in Airbnb host communities on social media platforms, asking questions in the real estate forum, and manually researching individual listings on Airbnb for various locations.

2. Find A Unique Gap in Your Market

Once you have decided what particular type of property and the number of bedrooms you’d like to invest in, you also have to research for the gap in the market where there’s a low supply and high demand!

3. Review Laws & Regulations

Make sure to apply for any required permits for rental arbitrage in your target location. For a more detailed location-specific list of legal and regulatory issues to consider before hosting on Airbnb, visit Airbnb’s official page.

4. Request Landlords to Allow Rental Arbitrage

It could be a real challenge to convince landlords to allow rental arbitrage. Property owners may not know much about the process of Airbnb rental arbitrage, which is why they need convincing! Preparing to speak with landlords and agreeing to cover minor maintenance issues is the best way to assure that they will agree to allow rental arbitrage.

5. Furnish Your Property

Finally, once you have your landlord’s approval to do rental arbitrage, the decorating begins here! Since this step is where most of your expenses will go, it’s also ideal to plan ahead of time in order to budget your overall costs.

Startup Costs & Profitability with Rental Arbitrage

To create expectations for your revenue in doing rental arbitrage, here is a basic calculation that you can compute for.

Based on Airbtics’ data, you can earn a monthly revenue of £2,128 for a 3-bedroom apartment in Leeds City Centre. The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price, and monthly expense (£2,128 – £1,230 – £425 = £472).

Average Rent Price Airbnb Monthly Revenue Monthly Expenses Monthly Profit
£1,230 £2,128 £425 £472

Source: Airbtics dashboard

By researching the average estimated startup cost (for furnishing) in your preferred area, you will also be able to compute the total startup cost.

Total Startup Cost (Average startup cost + 2 months rent price) Cash Return Time
£4,460 2 months

For instance, if an average estimated startup cost is priced at £2,000, it is necessary to add the 2 months of average rent price (£2,460) to compute the total startup cost. 

Now that we have a total startup cost of £4,460, cash return time can be calculated by dividing this by the monthly profit (£472). Given the monthly revenue of £472, it will take approximately 9 months time to get back the startup cost! 

How much does it cost to start an Airbnb Arbitrage?

The costs may vary depending on your preferred area to start an Airbnb rental arbitrage business. For instance, the initial cost for Airbnb rental arbitrage in California ranges from $5,000 to $10,000. This cost includes the deposit, furnishing, amenities, legal paperwork, and LLC Incorporation.

Can you Make Money with Rental Arbitrage?

A simple way to calculate your Airbnb revenue is by multiplying the year-round occupancy rate and your average daily rate. If you charge $150/night and achieve a 70% occupancy rate, you will make around $150*0.70*365, which is $38,325 before expenses and taxes. 

Airbtics is a short-term rental data platform providing historical, current, and forecasted rental data. We believe that making data-based decisions should be easy and accessible for you. Whether you’re an Airbnb host, property manager, property investor, estate agent, or anything in between, access valuable data most relevant to you and your business. 

Learn how much profit you can make on your property NOW!

How to Convince Landlords to Allow Rental Arbitrage?

By following the best rental arbitrage email template, you can certainly boost your charm and convince them to allow rental arbitrage in their property. The majority of landlords are hesitant to allow renters because they worry about late payments & destruction of their property, so make sure to show them your reviews and gain their trust!

How to Find Properties for Rental Arbitrage?

You can find properties for rental arbitrage on property websites such as Apartments.com or Zillow, contact local realtors, and connect with real estate agents on social media! 

If you want to discover emerging & profitable areas to start your rental arbitrage business, using a short-term rental analytics tool like Airbtics will be beneficial for you. Here are the important key points to remember:

  1. Find a location that produces the highest profit & STR demand. 
  2. Look for a market that has at least above 50% occupancy rate annually. 
  3. Discover how many Airbnb listings your preferred market has, the international traveller ratio, historical trends, and so much more!
Airbtics
Categories
Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Hamilton

Are you interested in achieving financial independence through passive income? Here’s a disclaimer: you don’t need to own a property to start the Airbnb rental arbitrage business! In this article, we featured the entire process of Airbnb rental arbitrage in Hamilton, its profitability, along with the best areas and neighborhoods. Continue reading to learn more about short-term regulations and ways to convince landlords to sublet properties for rental arbitrage!

What is Rental Arbitrage? 

Rental Arbitrage is a way to start an Airbnb business with no money. By convincing landlords to lease you a property, you can furnish and sublease it on Airbnb and VRBO. No need for you to buy a property! 

It is perfectly legal and is a proven scalable business model. In my podcast, I have spoken to various entrepreneurs doing Airbnb arbitrage full-time. 

Here’s a proof! In Hamilton, Adam and Mary manages 16 listings and I’m pretty sure that they don’t own all the properties. They made C$205,741 in the last 12 months.  

Hamilton airbnb rental arbitrage

How much can I make with rental arbitrage in Hamilton?

Before you dive in and start putting out your hard-earned money on a property, it’s important to know how much profit you can make. For instance, the best neighborhood to invest in is Strathcona, located in the V9H district, with serene access to the harbourfront.

Because Hamilton is home to the historic bruce trail and botanical gardens among the other tourist destinations, the rental demand in this area continuously increases!

Hamilton airbnb rental arbitrage
Profit & Monthly Expense in Hamilton

Based on Airbtics’ data, you can earn a whopping C$6,622 per month for a 3-bedroom apartment in Strathcona alone. With the data provided, you can certainly tell that investing in a property in Hamilton is profitable!

Average Rent Price Airbnb Monthly Revenue Monthly Expense Monthly Profit
C$2,600 C$6,622 C$1,324 C$2,698

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price and the monthly expenses (C$6,622-C$2,600-C$1,324= C$2,698).

 Startup Cost in Hamilton

Now that you have an overview of how much your monthly expense and revenue is, let’s talk about the start-up cost! How long does it take for an investor like you to get back the startup cost? Let’s take a look at this calculation:

Total Startup Cost (Average startup cost + 2 months rent price) Cash Return Time
C$7,200 3 months

The average estimated startup cost (for furnishing) in Hamilton is around C$2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price (C$5,200). Now that we have a total startup cost of C$7,200, cash return time can be calculated by dividing this by the monthly profit (C$2,698). 

Given your monthly revenue of C$2,698, it will take approximately 3 months time to get back the startup cost! In such a short period of time, you can already expect profit and consider starting your second unit for rental arbitrage. If this sounds promising to you, then go ahead and look at the other best areas for rental arbitrage in Hamilton!

Best Areas for Rental Arbitrage in Hamilton

Before investing in a particular area in Hamilton, you have to take a look at the top markets and number of listings to set your expectations towards success. Check out the top 3 boroughs in Hamilton ranked by their annual revenue, along with their occupancy & daily rates!

1. Strathcona (V8E)

Strathcona has a community full of affordable properties & it is one of the increasingly popular house markets in Hamilton. Here’s what you can expect in this neighborhood:

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom C$1,695 C$2,359 78% C$111
2-bedrooms C$1,900 C$3,019 69% C$98
3-bedrooms C$2,600 C$6,622 85% C$246

According to our Airbtics Dashboard, there are more than 15 Airbnb listings with 7 private room properties and 7 one-bedroom properties in this area. The monthly revenue for most properties in Strathcona is more than C$2,372 per month with occupancy being more than 74%.

2. Crown Point West (L8L)

This lively neighborhood among Hamilton has the most selling properties! This is remarkably known for having a relaxed ambiance with green spaces nearby. Here’s what you can expect in this neighborhood:

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
Studio C$1,325 C$2,505 98% C$96
1-bedroom C$1,599 C$2,235 83% C$113
2-bedrooms C$1,795 C$2,665 76% C$138

This area has a total of 15 Airbnb listings with 3 private room properties and 5 one-bedroom properties. The monthly revenue for most properties in Crown Point West is more than C$3,022 per month with occupancy being more than 71%.

3. Durand (L8P)

Considered one of the oldest neighborhoods in Hamilton, Durand has the finest residential architecture which most tourists enjoy. Here’s what you can expect in this neighborhood:

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom C$1,400 C$2,227 76% C$132
2-bedrooms C$1,680 C$2,533 90% C$133
3-bedrooms C$1,800 C$4,444 87% C$325

This area has a total of 43 Airbnb listings with 13 private room properties and 20 one-bedroom properties. The monthly revenue for most properties in Durand is more than C$2,404 per month with occupancy being more than 64%.

how much can you make on airbnb

Short-term rental regulations in Hamilton

To begin with, it’s certainly important to be familiar with the Airbnb rules in Hamilton to make sure that your business will run smoothly. Here are some of the short-term rental regulations and ordinances to take note of:

  • It is required for a property owner intending to rent out a space for less than 28 days to get a city licence.
  • A licence is required for rental housing units and buildings or part of buildings with 4 or less self-contained units, detached homes or townhouses, if rented. The program would require property owners of rental housing to apply for a licence for each rented unit.
  • A Licensing Compliance Officer will schedule an appointment with the property owner to gain entry to the building for a Property Standards inspection of each unit. Once all inspections are complete, the property is in compliance with municipal by-laws and relevant legislation and the application has been submitted in full a rental housing licence may be issued.

Rental Properties in Hamilton

Hamilton offers a sweet reward of both natural & city vibes to locals, vacationers, and renters. With an average of 6 million visitors annually, Hamilton is certainly one of the perfect spots for those who are looking to invest in rental properties.

To run an Airbnb rental arbitrage in Canada, you can look at property websites and get a grasp of the ranging prices in Hamilton:

1. Rentals CA
Buy to let Hamilton
Buy to let Hamilton

How to Find Landlords for Airbnb Rental Arbitrage

Airbnb investment through rental arbitrage is one of the best strategies to have passive income. However, it could be a challenge to find a landlord that allows their property for subletting on Airbnb. You can also convince a landlord by following the rental arbitrage email template & be extra creative! 

Here are ways how you can find landlords that allow Airbnb rental arbitrage:

  1. Real Estate Websites

Renters in the digital world who are looking for properties online can easily connect with landlords. Some of the most recommended online real estate websites which allow you to filter by city, state, or ZIP code are:

However, you can also find apartment & condominium properties online in the following websites:

  1. Search Engines & Marketplaces

There are numerous property owners who are leasing their properties and you can easily find them on Google & online marketplaces. Check out some of the most recommended marketplaces:

  1. Communicate with Landlords

If you are currently renting a space or know someone who is, then it’s also recommended to speak with them. Start by asking if there are vacant rooms or properties and let them know about your intentions of putting them up for rental arbitrage. They might also be able to recommend neighbors or local friends who are also interested in this idea!

Airbtics
Categories
Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Winnipeg

Are you interested in achieving financial independence through passive income? Here’s a disclaimer: you don’t need to own a property to start the Airbnb rental arbitrage business! In this article, we featured the entire process of Airbnb rental arbitrage in Winnipeg, its profitability, along with the best areas and neighborhoods. Continue reading to learn more about short-term regulations and ways to convince landlords to sublet properties for rental arbitrage!

What is Rental Arbitrage? 

Rental Arbitrage is a way to start an Airbnb business with no money. By convincing landlords to lease you a property, you can furnish and sublease it on Airbnb and VRBO. No need for you to buy a property! 

It is perfectly legal and is a proven scalable business model. In my podcast, I have spoken to various entrepreneurs doing Airbnb arbitrage full-time. 

Here’s a proof! In Winnipeg, Alberto manages 27 listings and I’m pretty sure he doesn’t own all the properties. He made C$376,856 in the last 12 months.  

Winnipeg airbnb rental arbitrage

How much can I make with rental arbitrage in Winnipeg?

Before you dive in and start putting out your hard-earned money on a property, it’s important to know how much profit you can make. For instance, the best neighborhood to invest in is Downtown, home to Winnipeg’s commercial core.

Since this neighborhood is close to the top attractions in Winnipeg, it has had an exceptional rental demand over the years!

Winnipeg airbnb rental arbitrage
Profit & Monthly Expense in Winnipeg

Based on Airbtics’ data, you can earn a whopping C$2,659 per month for a 2-bedroom apartment in the Downtown area alone. With the data provided, you can certainly tell that investing in a property in Winnipeg is profitable!

Average Rent Price Airbnb Monthly Revenue Monthly Expense Monthly Profit
C$1,412 C$2,659 C$532 C$715

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price and the monthly expenses (C$2,659-C$1,412-C$532= C$715).

 Startup Cost in Winnipeg

Now that you have an overview of how much your monthly expense and revenue is, let’s talk about the start-up cost! How long does it take for an investor like you to get back the startup cost? Let’s take a look at this calculation:

Total Startup Cost (Average startup cost + 2 months rent price) Cash Return Time
C$4,824 7 months

The average estimated startup cost (for furnishing) in Winnipeg is around C$2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price (C$2,824). Now that we have a total startup cost of C$4,824, cash return time can be calculated by dividing this by the monthly profit (C$715). 

Given your monthly revenue of C$715, it will take approximately 7 months time to get back the startup cost! In such a short period of time, you can already expect profit and consider starting your second unit for rental arbitrage. If this sounds promising to you, then go ahead and look at the other best areas for rental arbitrage in Winnipeg!

Best Areas for Rental Arbitrage in Winnipeg

Before investing in a particular area in Winnipeg, you have to take a look at the top markets and number of listings to set your expectations towards success. Check out the top 3 boroughs in Winnipeg ranked by their annual revenue, along with their occupancy & daily rates!

1. Downtown

Downtown is the oldest urban area in Winnipeg, but it offers so much more than one may expect! From nightclubs to museums, hockey games, local artisan handicrafts, this is cretainly a perfect area for property investors. Here’s what you can expect in this neighborhood:

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom C$1,095 C$1,985 80% C$116
2-bedrooms C$1,412 C$2,659 80% C$149
3-bedrooms C$1,649 C$7,259 51% C$1,013

According to our Airbtics Dashboard, there are more than 164 Airbnb listings with 7 private rooms and 77 one-bedroom properties in this area. The monthly revenue for most properties in the Downtown area is more than C$3,319 per month with occupancy being more than 67%.

2. River – Osborne

Recognized as one of the most famous landmarks in the city, The Osborne-River Building is located in this area. This is also situated right next to Downtown so everything is accessible! Here’s what you can expect in this neighborhood:

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom C$1,045 C$1,902 82% C$107
2-bedrooms C$1,490 C$2,263 84% C$137
3-bedrooms C$1,600 C$2,100 69% C$162

This area has a total of 52 Airbnb listings with 23 condo properties and 23 one-bedroom properties. The monthly revenue for most properties in River – Osborne is more than C$2,790 per month with occupancy being more than 67%.

3. Wolseley

Known as the home of Winnipeg jets, Wolseley is an incredibly diverse neighbourhood with various professionals and families. Here’s what you can expect in this neighborhood:

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom C$875 C$1,985 83% C$101
2-bedrooms C$1,120 C$2,436 61% C$145
3-bedrooms C$1,550 C$2,038 84% C$157

This area has a total of 32 Airbnb listings with 4 condo properties and 6 two-bedroom properties in this area. The monthly revenue for most properties in Wolseley is more than C$2,924 per month with occupancy being more than 67%.

LOOKING FOR OTHER RECOMMENDED CITIES TO INVEST IN AIRBNB IN CANADA?

Make sure to also check the Airbnb revenue in Canada‘s top cities.

Short-term rental regulations in Winnipeg

To begin with, it’s certainly important to be familiar with the Airbnb rules in Winnipeg to make sure that your business will run smoothly. Currently, there are no regulations on short-term rentals in Winnipeg, but here are some of the recent updates to take note of:

  • City development officials in Winnipeg are planning to spend the next six months working on regulations for short-term rentals that could require owners to register with the city and submit to criminal background checks.
  • The city may also limit the number of short-term rentals in a specific block or individual condominium unit, restrict the rentals to primary residences and make them subject to the same 5% municipal accommodation tax hotels are required to pay.

Rental Properties in Winnipeg

Winnipeg is home to world-class museums & galleries and is known to have a very active cultural life! To run an Airbnb rental arbitrage in Canada, you can look at property websites and get a grasp of the ranging prices in Winnipeg:

1. Rent Canada
Buy to let Winnipeg
2. Kijiji
Buy to let Winnipeg

How to Find Landlords for Airbnb Rental Arbitrage

Airbnb investment through rental arbitrage is one of the best strategies to have passive income. However, it could be a challenge to find a landlord that allows their property for subletting on Airbnb. You can also convince a landlord by following the rental arbitrage email template & be extra creative! 

Here are ways how you can find landlords that allow Airbnb rental arbitrage:

  1. Real Estate Websites

Renters in the digital world who are looking for properties online can easily connect with landlords. Some of the most recommended online real estate websites which allow you to filter by city, state, or ZIP code are:

However, you can also find apartment & condominium properties online in the following websites:

  1. Search Engines & Marketplaces

There are numerous property owners who are leasing their properties and you can easily find them on Google & online marketplaces. Check out some of the most recommended marketplaces:

  1. Communicate with Landlords

If you are currently renting a space or know someone who is, then it’s also recommended to speak with them. Start by asking if there are vacant rooms or properties and let them know about your intentions of putting them up for rental arbitrage. They might also be able to recommend neighbors or local friends who are also interested in this idea!

Airbtics
Categories
Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Kelowna

Are you interested in achieving financial independence through passive income? Here’s a disclaimer: You don’t need to own a property to start the Airbnb rental arbitrage business in Canada! In fact, one of the key metrics that investors should consider is the listing’s location. Thus, analyzing the cities with the highest Airbnb demand is a must.

In this article, we featured the entire process of Airbnb rental arbitrage in Kelowna, its profitability, along with the best areas and neighborhoods. Continue reading to learn more about short-term regulations and ways to convince landlords to sublet properties for rental arbitrage!

What is Rental Arbitrage? 

Rental Arbitrage is a way to start an Airbnb business with no money. By convincing landlords to lease you a property, you can furnish and sublease it on Airbnb and VRBO. No need for you to buy a property! 

It is perfectly legal and is a proven scalable business model. In my podcast, I have spoken to various entrepreneurs doing Airbnb arbitrage full-time. 

Here’s a proof! In Kelowna, Cole manages 21 listings and I’m pretty sure that he doesn’t own all the properties. He made C$841,348 in the last 12 months.  

Kelowna airbnb rental arbitrage

How much can I make with rental arbitrage in Kelowna?

Before you dive in and start putting out your hard-earned money on a property, it’s important to know how much profit you can make. For instance, the best neighborhood to invest in is North End, located in the V1V district, where there’s a sweet combination of both residential & commercial industries!

Kelowna is generally a year-round vacation spot because of its ski hills, serene beaches, exquisite gastronomy, and world-class vineyards. In line with this, the rental demand in this area continuously increases!

Kelowna airbnb rental arbitrage
Profit & Monthly Expense in Kelowna

Based on Airbtics’ data, you can earn a whopping C$6,514 per month for a 3-bedroom apartment in North End alone. With the data provided, you can certainly tell that investing in a property in Kelowna is profitable!

Average Rent Price Airbnb Monthly Revenue Monthly Expense Monthly Profit
C$3,500 C$6,514 C$1,303 C$1,711

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price and the monthly expenses (C$6,514-C$3,500-C$1,303= C$1,711).

 Startup Cost in Kelowna

Now that you have an overview of how much your monthly expense and revenue is, let’s talk about the start-up cost! How long does it take for an investor like you to get back the startup cost? Let’s take a look at this calculation:

Total Startup Cost (Average startup cost + 2 months rent price) Cash Return Time
C$9,000 5.2 months

The average estimated startup cost (for furnishing) in Kelowna is around C$2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price (C$7,000). Now that we have a total startup cost of C$9,000, cash return time can be calculated by dividing this by the monthly profit (C$1,711). 

Given your monthly revenue of C$1,711, it will take approximately 5.2 months time to get back the startup cost! In such a short period of time, you can already expect profit and consider starting your second unit for rental arbitrage. If this sounds promising to you, then go ahead and look at the other best areas for rental arbitrage in Kelowna!

Best Areas for Rental Arbitrage in Kelowna

Before investing in a particular area in Kelowna, you have to take a look at the top markets and number of listings to set your expectations towards success. Check out the top 3 boroughs in Kelowna ranked by their annual revenue, along with their occupancy & daily rates!

1. North End (V8E)

North End is one of the most dynamic and diverse neighborhoods in Kelowna and they have long-established industrial businesses! Here’s what you can expect in this neighborhood:

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom C$1,850 C$3,568 82% C$230
2-bedrooms C$2,400 C$4,348 84% C$338
3-bedrooms C$3,500 C$6,514 86% C$580

According to our Airbtics Dashboard, there are more than 126 Airbnb listings with 68 condo properties and 37 one-bedroom properties in this area. The monthly revenue for most properties in North End is more than C$4,605 per month with occupancy being more than 69%.

2. Lower Mission (V1W)

This neighborhood is one of the favourites in Kelowna as it offers recreation & sports facilities such as an ice rink and indoor soccer fields! Here’s what you can expect in this neighborhood:

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom C$1,045 C$2,588 89% C$177
2-bedrooms C$2,425 C$4,267 90% C$283
3-bedrooms C$3,000 C$5,321 93% C$399

This area has a total of 83 Airbnb listings with 7 private room properties and 17 one-bedroom properties. The monthly revenue for most properties in Lower Mission is more than C$3,741 per month with occupancy being more than 63%.

3. Downtown Kelowna (V1Y)

Considered the most diverse cultural district, Downtown Kelowna offers international restaurants, galleries, theatres, and various local shops. Here’s what you can expect in this neighborhood:

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
Studio C$1,215 C$3,337 66% C$163
1-bedroom C$2,300 C$4,060 86% C$285
2-bedrooms C$2,550 C$5,626 71% C$382

This area has a total of 38 Airbnb listings with 23 condo properties and 15 one-bedroom properties. The monthly revenue for most properties in Downtown is more than C$4,263 per month with occupancy being more than 59%.

how much can you make on airbnb

Short-term rental regulations in Kelowna

To begin with, it’s certainly important to be familiar with the Airbnb rules in Kelowna to make sure that your business will run smoothly. Here are some of the short-term rental regulations and ordinances to take note of:

  • Anyone operating a short-term rental in Kelowna must apply for a business licence. A homeowner or primary resident can legally rent their principal residence (or a bedroom within their residence) for periods of less than 30 days in certain zones in the city.
  • Annual business licences for short-term rentals cost $345 for principal residences and $750 for non-principal residences. These fees reflect the cost of implementation and compliance oversight activities. Short-term rental operators are required to renew their licence annually and ensure all documentation is accurate and up-to-date for the new year.
  • The City actively inspects short-term rentals. Operators must provide access to their short-term rental accommodation for the City to inspect, upon request.
  • Short-term rentals are NOT allowed in secondary suites or carriage houses.
  • Your short-term rental application is required to include a parking plan that outlines and labels each parking stall to show that there is enough room to support a short-term rental, as well as any other uses, within your property lines.

Rental Properties in Kelowna

Kelowna’s tourism economy is one of the top five industries in the region with almost 1.8 million travellers visiting annually! The city of Kelowna is planning to build more rental units to meet the high demand as there is a shortage of units available.

To run an Airbnb rental arbitrage in Canada, you can look at property websites and get a grasp of the ranging prices in Kelowna:

1. Rent Faster
Buy to let Kelowna
Buy to let Kelowna

How to Find Landlords for Airbnb Rental Arbitrage

Airbnb investment through rental arbitrage is one of the best strategies to have passive income. However, it could be a challenge to find a landlord that allows their property for subletting on Airbnb. You can also convince a landlord by following the rental arbitrage email template & be extra creative! 

Here are ways how you can find landlords that allow Airbnb rental arbitrage:

  1. Real Estate Websites

Renters in the digital world who are looking for properties online can easily connect with landlords. Some of the most recommended online real estate websites which allow you to filter by city, state, or ZIP code are:

However, you can also find apartment & condominium properties online in the following websites:

  1. Search Engines & Marketplaces

There are numerous property owners who are leasing their properties and you can easily find them on Google & online marketplaces. Check out some of the most recommended marketplaces:

  1. Communicate with Landlords

If you are currently renting a space or know someone who is, then it’s also recommended to speak with them. Start by asking if there are vacant rooms or properties and let them know about your intentions of putting them up for rental arbitrage. They might also be able to recommend neighbors or local friends who are also interested in this idea!

Airbtics
Categories
Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Whistler

Are you interested in achieving financial independence through passive income? Here’s a disclaimer: you don’t need to own a property to start the Airbnb rental arbitrage business! In this article, we featured the entire process of Airbnb rental arbitrage in Whistler, its profitability, along with the best areas and neighborhoods. Continue reading to learn more about short-term regulations and ways to convince landlords to sublet properties for rental arbitrage!

What is Rental Arbitrage? 

Rental Arbitrage is a way to start an Airbnb business with no money. By convincing landlords to lease you a property, you can furnish and sublease it on Airbnb and VRBO. No need for you to buy a property! 

It is perfectly legal and is a proven scalable business model. In my podcast, I have spoken to various entrepreneurs doing Airbnb arbitrage full-time. 

Here’s a proof! In Whistler, Bob manages 51 listings and I’m pretty sure that he doesn’t own all the properties. He made C$3,508,634 in the last 12 months.  

Whistler airbnb rental arbitrage

How much can I make with rental arbitrage in Whislter?

Before you dive in and start putting out your hard-earned money on a property, it’s important to know how much profit you can make. For instance, the best neighborhood to invest in is Nesters, located in the V8E district, where the majority of schools, shopping, and recreational buildings are situated!

In general, Whistler is one of the best places to put up an Airbnb business because of its authentic alpine village & overwhelming tourists! This neighborhood is mostly preferred by vacationers because they have the option to ski, ziplining, and so many fun outdoor activities. In line with this, the rental demand in this area continuously increases!

Whistler airbnb rental arbitrage
Profit & Monthly Expense in Whistler

Based on Airbtics’ data, you can earn a whopping C$13,188 per month for a 3-bedroom apartment in Nesters alone. With the data provided, you can certainly tell that investing in a property in Whistler is profitable!

Average Rent Price Airbnb Monthly Revenue Monthly Expense Monthly Profit
C$3,644 C$13,188 C$2,638 C$6,906

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price and the monthly expenses (C$13,188-C$3,644-C$2,638= C$6,906).

 Startup Cost in Whistler

Now that you have an overview of how much your monthly expense and revenue is, let’s talk about the start-up cost! How long does it take for an investor like you to get back the startup cost? Let’s take a look at this calculation:

Total Startup Cost (Average startup cost + 2 months rent price) Cash Return Time
C$9,288 1.3 months

The average estimated startup cost (for furnishing) in Whistler is around C$2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price (C$7,288). Now that we have a total startup cost of C$9,288, cash return time can be calculated by dividing this by the monthly profit (C$6,906). 

Given your monthly revenue of C$6,906, it will take approximately 1.3 months time to get back the startup cost! In such a short period of time, you can already expect profit and consider starting your second unit for rental arbitrage. If this sounds promising to you, then go ahead and look at the other best areas for rental arbitrage in Whistler!

Best Areas for Rental Arbitrage in Whistler

Before investing in a particular area in Whistler, you have to take a look at the top markets and number of listings to set your expectations towards success. Check out the top 3 boroughs in Whistler ranked by their annual revenue, along with their occupancy & daily rates!

1. Whistler Creek (V8E)

This neighborhood is a laid-back and is best for targeting travelers with families who would like to be near the most famous ski resort in Whistler. Here’s what you can expect in this neighborhood:

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom C$2,200 C$4,364 78% C$252
2-bedrooms C$2,499 C$6,688 79% C$389
3-bedrooms C$3,979 C$10,696 62% C$709

According to our Airbtics Dashboard, there are more than 214 Airbnb listings with 128 condo properties and 132 one-bedroom properties in this area. The monthly revenue for most properties in Whistler Creek is more than C$4,164 per month with occupancy being more than 61%.

2. Blackcomb (V8E)

Blackcomb is the largest ski resort in North America and this neighborhood is noted as one of the must-see areas in Whistler! Here’s what you can expect in this neighborhood:

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom C$1,516 C$5,332 74% C$278
2-bedrooms C$1,800 C$8,347 72% C$453
3-bedrooms C$2,675 C$10,764 66% C$665

This area has a total of 321 Airbnb listings with 15 private room properties and 192 one-bedroom properties. The monthly revenue for most properties in Blackcomb is more than C$5,136 per month with occupancy being more than 55%.

3. Nesters (V8E)

Considered as one of the smallest neighborhoods in Whistler, Nesters is also one of the recommended areas for investment because of its close proximity to the shopping districts. Here’s what you can expect in this neighborhood:

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom C$2,040 C$6,089 85% C$261
2-bedrooms C$3,009 C$9,884 76% C$443
3-bedrooms C$3,644 C$13,188 85% C$803

This area has a total of 57 Airbnb listings with 1 private room property and 38 one-bedroom properties. The monthly revenue for most properties in Nesters is more than C$5,512 per month with occupancy being more than 66%.

how much can you make on airbnb

Short-term rental regulations in Whistler

To begin with, it’s certainly important to be familiar with the Airbnb rules in Whistler to make sure that your business will run smoothly. Here are some of the short-term rental regulations and ordinances to take note of:

  • It is required to have business licences for all tourist accommodation activity, including the marketing of properties/units. If your unit is rented solely through a property management company, you are covered by their business licence.
  • To obtain a business licence and market a property as tourist accommodation, the property’s zoning must list tourist accommodation or temporary accommodation as a permitted use. Properties with residential zoning may not be marketed as available to tourists, for any length of time.
  • It is also necessary to give consideration to registered covenants that may affect a property. Development, rental pool and other covenants may place restrictions and obligations on property use.
  • In Whistler, “residential” zoning means a fixed place of living, to which a person intends to return when absent. Therefore, regardless of the length of stay, tourist accommodation is not permitted in any residential-zoned area. To advertise and rent your property to tourists, your property’s zoning must state that tourist accommodation or temporary accommodation is a permitted use.

Rental Properties in Whistler

To run an Airbnb rental arbitrage in Canada, you can look at property websites and get a grasp of the ranging prices in Whistler:

1. Rew
Buy to let Whistler
Buy to let Whistler

How to Find Landlords for Airbnb Rental Arbitrage

Airbnb investment through rental arbitrage is one of the best strategies to have passive income. However, it could be a challenge to find a landlord that allows their property for subletting on Airbnb. You can also convince a landlord by following the rental arbitrage email template & be extra creative! 

Here are ways how you can find landlords that allow Airbnb rental arbitrage:

  1. Real Estate Websites

Renters in the digital world who are looking for properties online can easily connect with landlords. Some of the most recommended online real estate websites which allow you to filter by city, state, or ZIP code are:

However, you can also find apartment & condominium properties online in the following websites:

  1. Search Engines & Marketplaces

There are numerous property owners who are leasing their properties and you can easily find them on Google & online marketplaces. Check out some of the most recommended marketplaces:

  1. Communicate with Landlords

If you are currently renting a space or know someone who is, then it’s also recommended to speak with them. Start by asking if there are vacant rooms or properties and let them know about your intentions of putting them up for rental arbitrage. They might also be able to recommend neighbors or local friends who are also interested in this idea!

Airbtics
Categories
Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Niagara Falls

Are you interested in achieving financial independence through passive income? Here’s a disclaimer: you don’t need to own a property to start the Airbnb rental arbitrage business! In this article, we featured the entire process of Airbnb rental arbitrage in Niagara Falls, its profitability, along with the best areas and neighborhoods. Continue reading to learn more about short-term regulations and ways to convince landlords to sublet properties for rental arbitrage!

What is Rental Arbitrage? 

Rental Arbitrage is a way to start an Airbnb business with no money. By convincing landlords to lease you a property, you can furnish and sublease it on Airbnb and VRBO. No need for you to buy a property! 

It is perfectly legal and is a proven scalable business model. In my podcast, I have spoken to various entrepreneurs doing Airbnb arbitrage full-time. 

Here’s a proof! In Niagara Falls, Harjot manages 27 listings and I’m pretty sure that he doesn’t own all the properties. He made C$1,688,870 in the last 12 months.  

Niagara falls airbnb rental arbitrage

How much can I make with rental arbitrage in Niagara Falls?

Before you dive in and start putting out your hard-earned money on a property, it’s important to know how much profit you can make. For instance, the best neighborhood to invest in is Niagara Falls Centre, located in the L2E district, where the majority of tourists from all over the world prefer to stay. 

This neighborhood is mostly preferred by vacationers because of its easy-going vibe and accessibility to public transportation & restaurants. Hence, the rental demand constantly increasing!

Niagara falls airbnb rental arbitrage
Profit & Monthly Expense in Niagara Falls

Based on Airbtics’ data, you can earn a whopping C$5,778 per month for a 3-bedroom apartment in Niagara Falls Centre alone. With the data provided, you can certainly tell that investing in a property in Niagara Falls is profitable!

Average Rent Price Airbnb Monthly Revenue Monthly Expense Monthly Profit
C$2,295 C$5,778 C$1,156 C$2,327

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price and the monthly expenses (C$5,778-C$2,295-C$1,156= C$2,327).

 Startup Cost in Niagara Falls

Now that you have an overview of how much your monthly expense and revenue is, let’s talk about the start-up cost! How long does it take for an investor like you to get back the startup cost? Let’s take a look at this calculation:

Total Startup Cost (Average startup cost + 2 months rent price) Cash Return Time
C$6,590 3 months

The average estimated startup cost (for furnishing) in Niagara Falls is around C$2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price (C$4,590). Now that we have a total startup cost of C$6,590, cash return time can be calculated by dividing this by the monthly profit (C$2,327). 

Given your monthly revenue of C$2,327, it will take approximately 3 months time to get back the startup cost! In such a short period of time, you can already expect profit and consider starting your second unit for rental arbitrage. If this sounds promising to you, then go ahead and look at the other best areas for rental arbitrage in Niagara Falls!

Best Areas for Rental Arbitrage in Niagara Falls

Before investing in a particular area in Niagara Falls, you have to take a look at the top markets and number of listings to set your expectations towards success. Check out the top 3 boroughs in Niagara Falls ranked by their annual revenue, along with their occupancy & daily rates!

1. Niagara Falls Centre (L2E)

Named after the famous waterfalls itself, the Niagara Falls Centre is a popular neighborhood because of its easy accessibility to tourist attractions, shopping districts, restaurants, and more! Here’s what you can expect in this neighborhood:

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom C$1,650 C$2,989 86% C$172
2-bedrooms C$1,950 C$3,107 68% C$219
3-bedrooms C$2,295 C$5,778 78% C$272

According to our Airbtics Dashboard, there are more than 57 Airbnb listings with 12 condo properties and 12 one-bedroom properties in this area. The monthly revenue for most properties in Niagara Falls Centre is more than C$2,366 per month with occupancy being more than 33%.

2. Ryerson (M5B)

Known as the 2nd most walkable neighborhood in Niagara Falls, the neighborhood of Ryerson targets both students from Ryerson University & tourists. Here’s what you can expect in this neighborhood:

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom C$1,800 C$2,773 73% C$142
2-bedrooms C$2,100 C$2,865 65% C$188
3-bedrooms C$2,400 C$3,821 60% C$353

This area has a total of 91 Airbnb listings with 37 private room properties and 36 one-bedroom properties. The monthly revenue for most properties in Ryerson is more than C$3,025 per month with occupancy being more than 54%.

3. Corwin (L2G)

This neighborhood is generally great for all kinds of households and there’s a solid 42% of renters among those who are living in the area. Here’s what you can expect in this neighborhood:

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom C$1,500 C$2,127 66% C$164
2-bedrooms C$1,950 C$3,077 73% C$189
3-bedrooms C$2,195 C$3,568 62% C$239

This area has a total of 32 Airbnb listings with 9 private room properties and 14 one-bedroom properties. The monthly revenue for most properties in Corwin is more than C$1,789 per month with occupancy being more than 45%.

how much can you make on airbnb

Short-term rental regulations in Niagara Falls

To begin with, it’s certainly important to be familiar with the Airbnb rules in Niagara Falls to make sure that your business will run smoothly. Here are some of the short-term rental regulations and ordinances to take note of:

  • A licensed Bed and Breakfast (BNB) is permitted with an owner occupied detached dwelling (or dwelling unit of a duplex or semi-detached dwelling), where these dwellings are permitted in residential and commercial zones, subject to the regulations contained in By-law No. 2018-91.
  • Operators of Vacation Rental Units and Bed and Breakfasts are to be in possession of an active license to operate.  Applications for Vacation Rental Units and Bed & Breakfasts can be found on the Business Licensing Page.
  • Council passed a bylaw to allow a bed and breakfast of up to three bedrooms in an owner-occupied dwelling unit in three residential zones and up to four bedrooms in the River Road district.
  • The new bylaw establishes new contemporary definitions, operational rules and inspection requirements which must be met before opening.
  • Under the new bylaw, these licences remain the property of the city and are non-transferrable. In addition, any operator who receives three violation notices will have their licence suspended. Anyone caught operating without a licence would be subject to a chargeable offence.
  • The city requires a $65 fee per year for a tourist-home licence. A new annual fee of $500 will be required for a new vacation rental unit or bed and breakfast licence (or change of ownership), and an annual fee of $250 for the renewal of any existing licence.

Rental Properties in Niagara Falls

The largest market for tourists in Ontario is Niagara Falls with over 12.95 million annual visitors! According to local news, rental properties in Niagara are skyrocketing, with a 25.5% increase in just three years.

To run an Airbnb rental arbitrage in Canada, you can look at property websites and get a grasp of the ranging prices in Victoria:

1. Point 2 Homes
Buy to let Niagara Falls ON
Buy to let Niagara Falls ON

How to Find Landlords for Airbnb Rental Arbitrage

Airbnb investment through rental arbitrage is one of the best strategies to have passive income. However, it could be a challenge to find a landlord that allows their property for subletting on Airbnb. You can also convince a landlord by following the rental arbitrage email template & be extra creative! 

Here are ways how you can find landlords that allow Airbnb rental arbitrage:

  1. Real Estate Websites

Renters in the digital world who are looking for properties online can easily connect with landlords. Some of the most recommended online real estate websites which allow you to filter by city, state, or ZIP code are:

However, you can also find apartment & condominium properties online in the following websites:

  1. Search Engines & Marketplaces

There are numerous property owners who are leasing their properties and you can easily find them on Google & online marketplaces. Check out some of the most recommended marketplaces:

  1. Communicate with Landlords

If you are currently renting a space or know someone who is, then it’s also recommended to speak with them. Start by asking if there are vacant rooms or properties and let them know about your intentions of putting them up for rental arbitrage. They might also be able to recommend neighbors or local friends who are also interested in this idea!

Airbtics
Categories
Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Victoria

Are you interested in achieving financial independence through passive income? Here’s a disclaimer: you don’t need to own a property to start the Airbnb rental arbitrage business! In this article, we featured the entire process of Airbnb rental arbitrage in Victoria, its profitability, along with the best areas and neighborhoods. Continue reading to learn more about short-term regulations and ways to convince landlords to sublet properties for rental arbitrage!

What is Rental Arbitrage? 

Rental Arbitrage is a way to start an Airbnb business with no money. By convincing landlords to lease you a property, you can furnish and sublease it on Airbnb and VRBO. No need for you to buy a property! 

It is perfectly legal and is a proven scalable business model. In my podcast, I have spoken to various entrepreneurs doing Airbnb arbitrage full-time. 

Here’s a proof! In Victoria, Angela manages 24 listings and I’m pretty sure that she doesn’t own all the properties. She made C$970,541 in the last 12 months.  

Victoria airbnb rental arbitrage

How much can I make with rental arbitrage in Victoria?

Before you dive in and start putting out your hard-earned money on a property, it’s important to know how much profit you can make. For instance, the best neighborhood to invest in is James Bay, located in the V8V district, where some of the popular tourist destinations are situated. 

This neighborhood is attractive for tourists and locals who like to be surrounded by a combination of nature, parks, and museums! During the summertime, many vacationers try their carriage tours and cruise ships at Ogden Point, hence the rental demand at peak!

Victoria airbnb rental arbitrage
Profit & Monthly Expense in Victoria

Based on Airbtics’ data, you can earn a whopping C$5,335 per month for a 3-bedroom apartment in James Bay alone. With the data provided, you can certainly tell that investing in a property in Victoria is profitable!

Average Rent Price Airbnb Monthly Revenue Monthly Expense Monthly Profit
C$3,300 C$5,335 C$1,067 C$968

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price and the monthly expenses (C$5,335-C$3,300-C$1,067= C$968).

 Startup Cost in Victoria

Now that you have an overview of how much your monthly expense and revenue is, let’s talk about the start-up cost! How long does it take for an investor like you to get back the startup cost? Let’s take a look at this calculation:

Total Startup Cost (Average startup cost + 2 months rent price) Cash Return Time
C$8,600 9 months

The average estimated startup cost (for furnishing) in Victoria is around C$2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price (C$6,600). Now that we have a total startup cost of C$8,600, cash return time can be calculated by dividing this by the monthly profit (C$968). 

Given your monthly revenue of C$968, it will take approximately 9 months time to get back the startup cost! In such a short period of time, you can already expect profit and consider starting your second unit for rental arbitrage. If this sounds promising to you, then go ahead and look at the other best areas for rental arbitrage in Victoria!

Best Areas for Rental Arbitrage in Victoria

Before investing in a particular area in Victoria, you have to take a look at the top markets and number of listings to set your expectations towards success. Check out the top 3 boroughs in Victoria ranked by their annual revenue, along with their occupancy & daily rates!

1. Downtown (V8T)

Downtown Victoria is the business centre of Greater Victoria and is known for its main attraction, the BC provincial legislative buildings! Here’s what you can expect in this neighborhood:

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
Studio C$1,350 C$3,692 89% C$163
1-bedroom C$1,700 C$4,614 92% C$290
2-bedrooms C$1,564 C$3,741 89% C$298

According to our Airbtics Dashboard, there are more than 438 Airbnb listings with 299 condo properties and 256 one-bedroom properties in this area. The monthly revenue for most properties in Downtown is more than C$4,753 per month with occupancy being more than 86%.

2. Fairfield (M6K)

Bounded by James Bay, Fairfield is a popular neighborhood for young families because of its amenities, parks, and schools. Here’s what you can expect in this neighborhood:

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
Studio C$1,240 C$3,084 89% C$215
1-bedroom C$1,888 C$3,517 92% C$212
2-bedrooms C$2,750 C$4,200 78% C$457

This area has a total of 61 Airbnb listings with 7 condo properties and 24 one-bedroom properties. The monthly revenue for most properties in Fairfield is more than C$4,598 per month with occupancy being more than 85%.

3. James Bay (V8V)

If you are looking to target various kinds of tourists and prefer long-term profitability in the business, this area might be the best one to invest in! The neighborhood of James Bay is home to the Fisherman’s Wharf and Royal BC Museum which attracts a handful of vacationers. Here’s what you can expect in this neighborhood:

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom C$2,400 C$3,084 89% C$215
2-bedrooms C$2,600 C$5,086 82% C$320
3-bedrooms C$4,500 C$7,393 87% C$502

This area has a total of 73 Airbnb listings with 19 private room properties and 31 one-bedroom properties. The monthly revenue for most properties in James Bay is more than C$3,734 per month with occupancy being more than 86%.

how much can you make on airbnb

Short-term rental regulations in Victoria

To begin with, it’s certainly important to be familiar with the Airbnb rules in Victoria to make sure that your business will run smoothly. Here are some of the short-term rental regulations and laws to take note of:

  • You are NOT eligible if the short-term rental unit is a self-contained dwelling suite, except for when a renter rents it out on occasion with the owner’s permission.
  • It is required to have a Short-Term Rental Business Licence. The price for a principal residence is $150, while all other types of short-term rentals are $1,500.
  • If you are denied a short-term rental business licence, you may request that Council reconsider your business licence application. You will have an opportunity to submit your reasons for reconsideration and Council may decide to either uphold or deny your appeal for a business licence.
  • You are eligible if your short-term rental unit is your principal residence.
    • The whole home on occasion (for example, when you are on vacation);
    • Up to two bedrooms in your home with a shared kitchen and living spaces.
  • You are eligible if you own a legally non-conforming unit where transient accommodation was a permitted use.  Changes to the Zoning Bylaw now prohibit short-term rentals in residential units where “transient accommodation” was a permitted use in zoning. However, properties may be considered legally non-conforming under this use if they have been operating a short-term rental in a transient accommodation zone prior to the zoning changes, and comply with strata regulations and operating requirements.

Rental Properties in Victoria

Victoria is known as the City of Gardens and boasts its Inner Harbour & museums. According to local news, rental growth is expected to rise up to 10% in Victoria!

To run an Airbnb rental arbitrage in Canada, you can look at property websites and get a grasp of the ranging prices in Victoria:

1. Rentals Ca
Buy to let Victoria
2. Zumper
buy-to-let victoria

How to Find Landlords for Airbnb Rental Arbitrage

Airbnb investment through rental arbitrage is one of the best strategies to have passive income. However, it could be a challenge to find a landlord that allows their property for subletting on Airbnb. You can also convince a landlord by following the rental arbitrage email template & be extra creative! 

Here are ways how you can find landlords that allow Airbnb rental arbitrage:

  1. Real Estate Websites

Renters in the digital world who are looking for properties online can easily connect with landlords. Some of the most recommended online real estate websites which allow you to filter by city, state, or ZIP code are:

However, you can also find apartment & condominium properties online in the following websites:

  1. Search Engines & Marketplaces

There are numerous property owners who are leasing their properties and you can easily find them on Google & online marketplaces. Check out some of the most recommended marketplaces:

  1. Communicate with Landlords

If you are currently renting a space or know someone who is, then it’s also recommended to speak with them. Start by asking if there are vacant rooms or properties and let them know about your intentions of putting them up for rental arbitrage. They might also be able to recommend neighbors or local friends who are also interested in this idea!

Airbtics
Categories
Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Toronto

Are you interested in achieving financial independence through passive income? Here’s a disclaimer: You don’t need to own a property to start the Airbnb rental arbitrage business!

Moreover, one of the most important factors to consider is the location and among the best cities to own a rental property in Canada is Toronto.

In this article, we featured the entire process of Airbnb rental arbitrage in Toronto, its profitability, along the best areas and neighborhoods. Continue reading to learn more about short-term regulations and ways to convince landlords to sublet properties for rental arbitrage!

What is Rental Arbitrage? 

Rental Arbitrage is a way to start an Airbnb business with no money. By convincing landlords to lease you a property, you can furnish and sublease it on Airbnb and VRBO. No need for you to buy a property! 

It is perfectly legal and is a proven scalable business model. In my podcast, I have spoken to various entrepreneurs doing Airbnb arbitrage full-time. 

Here’s a proof! In Toronto, Julie manages 42 listings and I’m pretty sure she doesn’t own all the properties. She made C$1,737,314 in the last 12 months.  

Toronto airbnb rental arbitrage

Is Airbnb legal in Canada?

Here’s the catch: Airbnb is certainly legal in Canada! As particularly stated in Airbnb rules in Toronto, hosts are prohibited to operate less than 28 nights at a time for listings that don’t have a valid registration number. Listen to one of our featured hosts from Toronto in our podcast, Into The Airbnb:

How much can I make with rental arbitrage in Toronto?

Before you dive in and start putting out your hard-earned money on a property, it’s important to know how much profit you can make. For instance, the best neighborhood to invest in is Yorkville, located in the M5R district, which is the fastest-growing area in the country. 

Since this neighborhood is situated near upscale restaurants and tourist destinations, it’s mostly preferred by tourists & young professionals – and has an incredible rental demand!

How much can I make with rental arbitrage in Toronto?

Before you dive in and start putting out your hard-earned money on a property, it’s important to know how much profit you can make. For instance, the best neighborhood to invest in is Yorkville, located in the M5R district, which is the fastest-growing area in the country. 

Since this neighborhood is situated near upscale restaurants and tourist destinations, it’s mostly preferred by tourists & young professionals – and has an incredible rental demand.

Toronto airbnb rental arbitrage
Profit & Monthly Expense in Toronto

Based on Airbtics’ data, you can earn a whopping C$10,634 per month for a 3-bedroom apartment in Yorkville alone. With the data provided, you can certainly tell that investing in a property in Toronto is profitable!

Average Rent Price Airbnb Monthly Revenue Monthly Expense Monthly Profit
C$4,500 C$10,634 C$2,127 C$4,007

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price and the monthly expenses (C$10,634-C$4,500-C$2,127= C$4,007).

 Startup Cost in Toronto

Now that you have an overview of how much your monthly expense and revenue is, let’s talk about the start-up cost! How long does it take for an investor like you to get back the startup cost? Let’s take a look at this calculation:

Total Startup Cost (Average startup cost + 2 months rent price) Cash Return Time
C$11,000 3 months

The average estimated startup cost (for furnishing) in Toronto is around C$2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price (C$4,500). Now that we have a total startup cost of C$11,000, cash return time can be calculated by dividing this by the monthly profit (C$4,007). 

Given your monthly revenue of C$4,007, it will take approximately 3 months time to get back the startup cost! In such a short period of time, you can already expect profit and consider starting your second unit for rental arbitrage. If this sounds promising to you, then go ahead and look at the other best areas for rental arbitrage in Toronto.

Best Areas for Rental Arbitrage in Toronto

Before investing in a particular area in Toronto, you have to take a look at the top markets and number of listings to set your expectations towards success. Check out the top 3 boroughs in Toronto ranked by their annual revenue, along with their occupancy & daily rates!

1. Cabbagetown

This popular and historic neighbourhood located in the downtown of Toronto is home to many artists, musicians, and writers. It’s a preferred area for many young professionals and people who want to enjoy the energy of this culturally rich place! 

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom C$1,723 C$2,816 93% C$153
2-bedrooms C$2,050 C$3,694 90% C$211
3-bedrooms C$3,750 C$5,357 89% C$418

According to our Airbtics Dashboard, there are more than 93 Airbnb listings with 24 condo properties and 3 one-bedroom properties in this area. The monthly revenue for most properties in Cabbagetown is more than C$2,135 per month with occupancy being more than 71%.

2. King West 

Located in Toronto’s downtown area, King West is claimed to have the most attractive property types. It is also the city’s largest and busiest transit route and is home to many business professionals! Here’s what you can expect in this neighborhood:

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom C$2,375 C$3,432 91% C$232
2-bedrooms C$2,500 C$5,842 87% C$409
3-bedrooms C$4,200 C$5,946 87% C$533

This area has a total of 331 Airbnb listings with 221 condo properties and 206 one-bedroom properties. The monthly revenue for most properties in King West is more than C$2,940 per month with occupancy being more than 68%.

3. Yorkville 

If you are looking to target various kinds of tourists and prefer long-term profitability in the business, this area might be the best one to invest in! Home to Canada’s most exclusive shopping districts, this borough is one of the fastest-growing areas in the country. Here’s what you can expect in this neighborhood:

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom C$2,400 C$3,344 90% C$223
2-bedrooms C$2,600 C$4,762 81% C$314
3-bedrooms C$4,500 C$7,634 51% C$1,651

This area has a total of 155 Airbnb listings with 17 private room properties and 101 one-bedroom properties in this area. The monthly revenue for most properties in Yorkville is more than C$3,282 per month with occupancy being more than 72%.

how much can you make on airbnb

Short-term rental regulations in Toronto

To begin with, it’s certainly important to be familiar with the Airbnb rules in Toronto to make sure that your business will run smoothly. Here are some of the short-term rental regulations and laws to take note of:

  • Short-term rental operators must register with the City in order to operate in Toronto.
  • It is required to collect and remit a four percent (4%) Municipal. Accommodation Tax (MAT) on all rentals
  • Hosts will also need to provide the name and telephone number of an emergency contact person who will be available 24 hours a day during rental periods. The city of Toronto will also require that hosts keep all records of short-term rental activity which will need to be provided to the city upon request.
  • Under the new rules, Torontonians will only be able to host short-term rentals in their principal or primary residence, with homeowners and tenants both able to participate.
  • Hosts will also need to ensure that their property is located in a residential zone, or the residential component of mixed-use zones.
  • Hosts renting their entire home while they are away will only be able to rent their entire home for a maximum of 180 nights per year. While there is no limit to nights for renting private rooms, a host can only rent up to three bedrooms if they are renting multiple rooms in their residence.

Rental Properties in Toronto

Since Toronto is known for its cultural diversity, this metropolis is home to towering buildings and busy streets. While the number of executives & business professionals are increasing in Toronto, the demand for rentals also skyrockets!

To run an Airbnb rental arbitrage in Canada, you can look at property websites and get a grasp of the ranging prices in Toronto:

1.Toronto Rentals
RA Toronto
2. Zillow
RA Toronto

How to Find Landlords for Airbnb Rental Arbitrage

Airbnb investment through rental arbitrage is one of the best strategies to have passive income. However, it could be a challenge to find a landlord that allows their property for subletting on Airbnb. You can also convince a landlord by following the rental arbitrage email template & be extra creative! 

Here are ways how you can find landlords that allow Airbnb rental arbitrage:

  1. Real Estate Websites

Renters in the digital world who are looking for properties online can easily connect with landlords. Some of the most recommended online real estate websites which allow you to filter by city, state, or ZIP code are:

However, you can also find apartment & condominium properties online on the following websites:

  1. Search Engines & Marketplaces

There are numerous property owners who are leasing their properties and you can easily find them on Google & online marketplaces. Check out some of the most recommended marketplaces:

  1. Communicate with Landlords

If you are currently renting a space or know someone who is, then it’s also recommended to speak with them. Start by asking if there are vacant rooms or properties and let them know about your intentions of putting them up for rental arbitrage. They might also be able to recommend neighbors or local friends who are also interested in this idea!

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