Category: All About Airbnb

Rental Arbitrage Contract Agreement + Free Downloadable Templates!

Post author By Robyn Peña
Post date July 8, 2022

What is Rental Arbitrage?

Rental Arbitrage is a method similar to house hacking, however, the only difference is that you don’t own the house. Instead, you convince a landlord to lease you a property that will be furnished and subleased on Airbnb and VRBO.

Rental Arbitrage is a smart technique to earn money in any type of property including multifamily houses, duplexes, or triplexes. You can easily use the money from your short-term rental to pay off your lease and profit some more. If you own a duplex or triplex then it is pretty straightforward and easy. You can live in one section and rent out the other – which is also known as house hacking. People use this after taking a loan on a property and use the rent to pay off the mortgage. The short-term rental income helps you pay for the long-term lease that you have on the house. This helps you keep the difference at the month-end after paying for the long-term lease.

If you have recently secured an awesome house contract deal for the first time and would like to check if there are other legal templates that you can present, then this article is for you! Keep reading to learn more about various agreement templates with free downloadable links:

I. Simple One Page Lease Agreement

II. House Rental Agreement

III. Rental Agreement

Simple One Page Lease Agreement

LEASE AGREEMENT

This Agreement is made by and between:

Landlord/Lessor Tenant/Lessee

{{name}} {{name}}

This is to certify that I, (name), landlord/lessor agrees to lease my property located in:

{{ Full address, eg: 34th Street, French Village, New York City, NY, United States }}

The lease period shall be for {{TIME, 1 year}}, starting on {{DATE: Thursday, July 7,2022}} and shall end and may be renewable {{TIME, 1 year}} thereafter, on the agreed amount of {{$}} to be paid {{monthly/annually}}, and the amount of {{$}} to be paid upon the execution of this agreement.

TERMS AND CONDITIONS

1. Use of Property

The Property leased shall only be used for short term let purposes.

2. Utilities

The Tenant agrees to pay for the utilities and other services used in the property on the continuity of the lease of the Property.

3.Furnishings

The leased premises contains the following property furnishings: 8 cubic feet Refrigerator, gas stove, microwave oven, dishwasher, fully automatic washing machine, telephone. Damages and repairs shall be borne by the tenant.

4. Acknowledgment

The parties hereby acknowledge and understand the terms herein set forth in this Agreement. Signed on this {day} day of {month}, {year}.

Landlord/Lessor Tenant/Lessee

{{name}} {{name}}

__________ __________

House Rental Agreement

Landlord Information	Tenant Information
{{name}}	{{name}}
{{address}} 95 Barby Point, 732 Miller Road Denton, Texas, 76205 United States	{{email}} [email protected] {{phone number}} +58 (47) 794-2199
{{phone number}} +58 (47) 794-2199	{{number of occupants}}

Rental Information
{{name}}	{{name}}
House Rental Address	Rent Amount per month
{{address}}	{{$$$}}
Start Date of Agreement {{date}}	Security Deposit {{$$$}}
End Date of Agreement {{date}}	Late Charges {{$$$}}
Date of First Payment Due {{date}}	Payment Method {{Option 1}}
Pay Period {{date}}	Collected by {{name}}

TERMS AND CONDITIONS

This House Rental Agreement made on {dateOfExecution} between {LandlordName} (Landlord) and the {TenantName} (Tenant).

I. ACKNOWLEDGMENT

The Landlord agrees to rent the house to the Tenant under these terms in its present condition located at

{HouseRentalAddress}

The Tenant acknowledges the terms of this Agreement and complies.

II. AGREEMENT TERM

This House Rental Agreement will begin on {StartDate} and end on {EndDate}. After this, a renewal agreement will be created for the new term.

III. MONTHLY RENTAL

The monthly rental shall be {RentAmount} per month.

Payments will be made by {PaymentMethod}.

The monthly rental shall be collected by {CollectedBy} {payPeriod}.

If the tenant failed to pay within {number of days} after the due date, late charges of {LateCharges} will be applied.

IV. SECURITY DEPOSIT

The Tenants agree to pay a security deposit if {SecurityDeposit}.

The Security Deposit is to be refunded upon leaving the residency, terminating this contract, and returning the keys to the Landlord.

The Security Deposit will cover for any damage to the premise.

This Security Deposit will also cover in case the Tenant fails to pay the utility bills.

V. UTILITY

Tenants will be responsible for paying all utilities like electricity, water, gas, telephone, cable, and internet.

VI. MAINTENANCE AND DAMAGES

Tenant shall keep the premises in good condition.

The Tenant will be responsible for any damage caused which means the Tenant will should all the expenses in fixing it.

Tenants shall follow reasonable standards of cleanliness.

Written permission from the landlord is needed for any alterations.

The Landlord may enter the premises for the purposes of inspection, repair, maintenance, and emergency.

VII. OCCUPANCY

The number of occupants is limited to {NumberofOccupants}. It will only be occupied by the Tenant and his/her guests will have to be registered & pay {tourist tax or any fees applicable}.

VIII. RULES and REGULATIONS

Pets are not allowed on the premises. Smoking is prohibited on the premises.

IX. PEACE AND ORDER

Tenants are not allowed to keep firearms, bows, combat knife and other weapons on the premises.

Tenants agree not to use the premises in a way to disturb the peace in the neighborhood.

X. ABANDONMENT

If the Tenant abandons the house, the Landlord has the right to enter the house by any means without liabilities.

The Landlord is allowed to presume that Tenant abandoned the premise if the furniture and other items were removed.

If the house is unoccupied for a period of {number of days} consecutive days without written notification to the Landlord, it will be considered as abandonment.

XI. AMENDMENTS

This Agreement can only be changed or modified through the written consent of both parties.

XII. GOVERNING LAW

This agreement shall be governed under the laws of the {HouseRentalAddress:country}.

We, the undersigned, hereby agreed that we have read this agreement and bounded by its terms and conditions.

Landlord/Lessor Signature Tenant/Lessee Signature

{{name}} {{name}}

Rental Agreement

LEASE AGREEMENT

ACKNOWLEDGMENT

This agreement was made and executed on {Agreement Date}.

Below are the parties involved in acknowledging this agreement:

TENANT INFORMATION	LANDLORD INFORMATION
{Name}	{Name}
{Phone Number}	{Phone Number}
{Email Address}	{Email Address}

The address of the rental property is: {(rentalProperty:addr_linel), (rentalProperty:city), (rentalProperty:state), (rentalProperty:postal}.

TERM / PERIOD

The Rental period will be on {date} at {time} and it will end on {date} at {time}. If the tenant wishes to extend, a new agreement will be created.

PAYMENT

The rental amount will be {Rental Amount}. Payments will be made by {Payment Method}. The rental payment will be collected by {name}. The reservation fee is {amount}.

SECURITY DEPOSIT

The tenant agrees to pay a security deposit of {initial amount}. This will be refunded when the tenant leaves the property or when this agreement is terminated. This will be used to cover any damage to the property as necessary.

OCCUPANCY

Electricity, water, gas, telephone, cable, and internet connection {add other utilities that are applicable} will be covered by the landlord. The tenant is responsible for taking good care of the furniture and appliances. The tenant will pay for any repair or replacement if any equipment was damaged during their stay.

MAINTENANCE, PEACE & ORDER, AND OTHERS

The tenant should follow and implement the standard of cleanliness to the property.
The tenant should keep the property in good condition.
Pets are {allowed / prohibited} in the rental property.
Smoking is {allowed / prohibited} in the rental property.
The tenants are not allowed to keep firearms, bows, and other weapons in the rental property.
The tenants agree not to use the property in a way to disturb the peace in the surroundings or environment.
The tenant’s personal property is not covered in the insurance purchased by the landlord against loss, theft, and negligence.

INDEMNIFICATION

The tenant indemnifies the landlord and the property free and harmless against any liabilities like accidents, loss of property, injury, or death of any person.

AMENDMENT

This agreement can only be changed or modified with written consent or permission from both the landlord and the tenant.

GOVERNING LAW

This agreement shall be governed under the laws of the State of {rentalProperty:state}.

The undersigned, hereby agreed that both parties read the agreement and acknowledge it.

_____________ _____________

Tenant Landlord

{name} {name}

CONCLUSION

Now that you have an overview of various rental arbitrage contracts, it’s important to conduct a market research to skyrocket your cash return in the business! Market research is highly valuable as it has the potential to earn a substantial profit because data = knowledge.

You can use data to identify the cause of problems and predict future trends using an Airbnb calculator. This will help you to make informed decisions and implement evidence-based strategies for your rental arbitrage business.

Other than having the determination to succeed in rental arbitrage, it’s important to assure that you understand data is one of your strongest assets!

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Airbnb Rules All About Airbnb

Aix-en-Provence Airbnb Rules

Post author By Robyn Peña
Post date July 8, 2022

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Is Airbnb legal in Aix-en-Provence?

Don’t worry, Airbnb is legal in Aix-en-Provence! This French city is known for its beautiful landscape. There are beautiful river valleys, gorges, lovely coastlands, and mountainous areas with picturesque old villages, all under a wonderful Mediterranean climate. You will definitely be taking lots of pictures of all the scenic views.

Currently, there are 6590 Airbnb listings in Aix-en-provence, with 73% of entire houses earning up to €2,135 a month, 10% managed by professionals, and 90% managed independently. Apart from complete houses, Aix-en-provence’s Airbnb offerings include 15% of private rooms and 12% of apartments(condos). Average Occupancy Rates in Aix-en-provence is 40% and average daily rate is €152. According to short-term market data source Airbtics, a 2-bedroom apartment in Aix-en-provence can make up to €20,508 each year.

Short-term rental policy in Aix-en-Provence

– The Aix-en-Provence Town Hall offers a remote declaration service available to you free of charge 7 days a week and 24 hours a day to allow you to declare your furnished tourist accommodation and to immediately receive your declaration number.

– Required to apply for a change of use authorization from Aix-en-Provence City Hall. This allows you to change your second home from residential to commercial use.

– Required to register with the Aix-en-Provence town hall with a view to exercising the short-term rental activity.

France’s General Legislations

You NO LONGER need to register your accommodation if:

– You rent a single room of your primary residence.

– You rent a bed and breakfast (chambre d’hôtes), a hotel or another hotel-like type of accommodation.

– You rent only on “bail mobilité” (mobility lease) scheme for a minimum of one month to a tenant justifying, on the effective date of the lease, to be in professional training, in higher studies, in apprenticeship contract, in internship, in voluntary engagement within the framework of a civic service, or on a temporary assignment in the context of his professional activity. Check out our article for more info about the mobility lease.

– You rent for long-term stays only – for a minimum of 1 year.

Whether you rent your main or secondary residence for a period of less than or more than 120 days per year in Paris, it is mandatory to make a declaration to the Town Hall (Mairie de Paris).

Short-term rental policy in France

– Required to report specific data to the French tax authorities on a yearly basis

– Report income from the rental of furnished premises on your annual tax return in the Industrial and Commercial Profit (BIC) category

– Guests who have booked a “mobility lease” accommodation are automatically exempt from paying tourist tax

– A primary residence is allowed to be put up for rent in full for a maximum of 120 days per year

– You can rent your secondary residence all year long provided you’ve declared your rental activity to the city.

Pros and Cons of running Airbnb

Short-term rentals are vacation rental properties rented out on a short-term basis to guests, like hotels. This form of rental helps guests to feel more at ease and “at home” because the properties are typically designed in this manner.

A long-term rental is the most common sort of rental property utilized for residential purposes. This sort of rental property is usually protected by a long-term lease agreement with more binding terms than a short-term rental. Renting out their homes for a higher price than their mortgage allows them to generate regular income regardless of the market. Because it is more traditional and well-known, most people are more familiar with this sort of rental property.

Now that we’ve defined vacation rentals and long-term rental properties, let’s look at each component of rental properties that explains both the benefits and drawbacks of a short-term or long-term rental.

Pros

1. Flexibility – You have the option of renting for days, weeks, or months. You can rent as much or as little as you want. There’s also the possibility of going on a trip at any time and earning money while doing so!

2. Privacy – Short-Term Rentals are ideal for families. They provide guests with more privacy and space than standard hotels.

3. Earns more money than a long-term rental – It’s simple to calculate: €1500 for a vacation week vs. €1500 per month to rent for a year.

4. Good Deductions – There are numerous popular deductions available to rental property owners. Cleaning and maintenance, insurance, management fees, and utilities are just a few of the costs to consider. You may make a loss and avoid paying taxes entirely if you take enough deductions.

5. Tax Breaks – Short-Term Rental Owners receive the best home-related tax breaks.

6. Less Wear and Tear on the Property – With frequent renters, you can keep up with tiny repairs before they become major issues!

7. Social Advantages – There are a lot of interesting people in the world, and many of them travel! Your next acquaintances in a Short-Term Rental could evolve into lifelong buddies!

Cons

1. Inconsistent payments – If you rely on a stable income, a yearly renter is a much safer option. There’s a chance you won’t have a Short-Term Renter for weeks or months.

2. Must cover the utilities – Utility costs are usually paid by long-term renters. Short-term tenants don’t.

3. Increased risk – There is a higher danger of theft, breakage, or problem tenants because of the number of tourists going through your doors.

4. Requires extra effort – Running a Short Term Rental requires more effort because you are the innkeeper. You’ll be in charge of collecting money, scheduling clients, and bringing in tenants. You’ll do it every week instead of every 5 years or so!

5. Additional maintenance expenses – As the landlord, you are responsible for housekeeping, pool maintenance, and general upkeep. Not always the case with a long-term renter.

6. Some HOA – Managed neighborhoods make it tough and complicated to rent short-term Rentals. People prefer comfortable, peaceful surroundings where they feel safe and know everyone, rather than random strangers coming and going at all hours. They may submit complaints, and some HOAs may sue Short-Term Rental Owners.

Conclusion

If you’ve made it this far, you’re thinking of starting an Airbnb.

We’ve been assisting folks like you, who are first-time Airbnb hosts. We don’t provide consulting since we aren’t experts in running Airbnb businesses; but, we do provide useful data to Airbnb hosts.

You may use the Airbtics dashboard to figure out how much money you can make doing Airbnb in your city. Unlike other online Airbnb income calculators, it will provide you with a lot more useful information, such as

– which neighborhood to target,

– which amenities are in high demand,

– what is the market’s historical performance,

– what are the occupancy rates of a two-bedroom house,

– should I do a two-bedroom house or a three-bedroom house?

Well, if you are new, there are many Airbnb host communities on Facebook. Type “Airbnb host” in the Facebook search, you’ll see plenty of active communities where you can get help from experienced Airbnb hosts.

Tags Airbnb Rules & Regulations, lat_43.5298424, lng_5.4474738

All About Airbnb Templates

How to Find Landlords for Airbnb Rental Arbitrage + Free Email Template!

Post author By Robyn Peña
Post date July 8, 2022

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Airbnb rental arbitrage is indeed a profitable business for the majority of hosts, however, finding landlords that allow it could be a real challenge. In this article, we featured a rental arbitrage email template that you can follow along with different ways to find & convince landlords for Airbnb rental arbitrage. Continue reading to learn more!

FREE Airbnb Landlord Letter Template:

What is Airbnb Rental Arbitrage?

Airbnb rental arbitrage refers to the practice of renting properties and subletting them on Airbnb. While a few investors would prefer to purchase a property of their own, it’s a fact that not everyone is financially capable to do so. In this case, Airbnb investment through rental arbitrage is the best strategy to earn money!

Various Ways to Find Landlords for Airbnb Rental Arbitrage

By conducting area research and familiarizing yourself with the city’s rules & regulations, you can easily find rental arbitrage properties. However, it might be a struggle to find a landlord who will allow you to put up their property on Airbnb due to various reasons. Oftentimes, they prohibit short-term rentals because the property’s insurance coverage will be voided.

To save you precious time, here are various ways how you can find landlords that will 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:

2. 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:

Craigslist allows renters to specifically state what kind of property they are looking for. You can try typing in ‘landlords allowing Airbnb’ or ‘sublease property in (city name)’ and try other keywords to get you on the right track.
Facebook marketplace has a vast community of landlords & renters, so you can try joining the right groups to lead you on the right path. Here are some of the finest Facebook groups that you can join:

3. 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!

4. Join Online Forums

By signing up for free and joining online forums such as Bigger Pockets and Reddit, it will be easier to find landlords and learn from other hosts. There’s nothing better than hearing the perspectives and experiences of hosts who found and convinced landlords for rental arbitrage!

How to Convince Landlords?

Property owners may not know much about the process of Airbnb rental arbitrage, which is why they need convincing! Here are some of the steps that you can follow to convince landlords:

1. Introduce yourself: Make a Great First Impression!

If you have existing listings on Airbnb, you can let the landlord know how you got started and how much profit you’re making monthly or annually. Given your experience, this will instantly make them feel that you are sincere and have good intentions for 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!

On the other hand, if you don’t have listings on Airbnb yet, don’t worry! You can still try to convince the landlord by ensuring on-time payments and presenting an Airbnb rental arbitrage contract that you can both agree on.

In addition to this, if your landlord already has listings on Airbnb, then you can try convincing them by letting them know that you intend to run the property as a lucrative business. This way, the landlord won’t have to worry about leasing the property.

2. Let the Landlord know about Airbnb’s Benefits

If the landlord has no idea about rental arbitrage, then they most probably need to learn more about how Airbnb works as well. Let the landlord know that Airbnb offers insurance that covers damages & a $1,000,000 Host Protection Policy.

Most importantly, pitch in about sharing profits & a shared percentage for each booking! Through this, your landlord can yield a higher rent.

3. Write a Rental Arbitrage Email Template

Reach out to a landlord and properly convince them with the following steps:

Start with a professional introduction & present good intentions:

Warm greetings, {{landlord’s name}}!

My name is {{name}} and I am a professional {{investor/property manager/other appropriate business roles}} based in {{city/state}}.

I found your property for lease on {{website/other sources}} and instantly became interested to lease it for the sole purpose of putting it up on Airbnb.

Declare an overview of your business. If you currently have listings on Airbnb, it’s also best to state it & provide a link for reference:

“I’ve been in the business industry for {{number of years/months}} and am truly dedicated to earning money as a lucrative income through Airbnb. For your reference, please feel free to check out my listings: ”

{{attach a screenshot from your Airbnb’s listings and review, along with a working link}}

Introduce Technology to Convince Difficult Landlords. Let the landlord know about your CTA: Saving time & making more money!

I am looking forward to growing my Airbnb arbitrage business in the long run and would like to discuss more about turning your property into a profitable one!

You might be worried about typical concerns such as guests’ excessive noise, damages, or other complaints – don’t worry! I can assure you the following:

1. We’ll use Noise Aware technology to manage the noise level of the property and give you the report on this on a monthly basis.

2. Estimated risks and coverages are calculated using an algorithm calculator called InsuraGuest.

If you’re keen on this, let’s talk about the terms and conditions that we can both agree on.

Looking forward to your response.

Best regards,

{{your name}}

General Conclusion

Landlords that allow subleasing for Airbnb can be easily reached out to with the help of rental listing sites & search engines. On the other hand, the profitability of rental arbitrage is based on a certain number of factors including location, type of amenities, the current market, historical or future trends, and occupancy rates.

Airbtics is dedicated to providing accurate information about specific Airbnb locations in our market research dashboard, such as the average daily rate (ADR), occupancy rate, guest origins, and more! Try Airbtics now and stand out among your competitors.

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Airbnb Rules All About Airbnb

Nantes Airbnb Rules

Post author By Robyn Peña
Post date July 7, 2022

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Is Airbnb legal in Nantes?

Don’t worry, Airbnb is legal in this French city! Nantes is a city full of interesting landmarks like the castle and the cathedral, with plenty of trendy venues and technological fantasy to enjoy too. Besides its manmade attractions, Nantes is famous for its vineyards that produce Muscadet white wine.

Currently, there are 1311 Airbnb listings in Nantes, with 56% of entire houses earning up to €1,395 a month, 16% managed by professionals, and 84% managed independently. Apart from complete houses, Nantes’ Airbnb offerings include 24% of private rooms and 17% of apartments(condos). Average Occupancy Rates in Nantes is 49% and average daily rate is €75. According to short-term rental data source Airbtics, a 2-bedroom apartment in Nantes can make up to €17,964 each year.

Short-term rental policy in Nantes

– The lessor’s main residence is NOT subject to the change of use if the short-term rental does not exceed 120 days per year

– Required to apply for a change of use authorization from Nantes City Hall: this allows you to change your second home from residential to commercial use

– Required to register with the Nantes town hall with a view to exercising the short-term rental activity