Tales From the Landlord: AirBnb ?

[no_such_reality]

[quote=ltsdd]Nothing to think about. Run in the opposite direction as fast as you can. The troubles this guy will bring will claim the rest of what little hair you have left.[/quote]

While I tend to agree with the above, open a discussion wit him if he’s really going to live there or merely run a rent arbitrage between short and long term rates. Say you’re willing to allow the later if you are believe his business plan is sound.

Then have him show you the numbers. Modify the lease, if you want to allow, increase the security deposit and right terms that makes him responsible for excess damage caused.

It’s an interesting model for young singles, rent a nice two bedroom in a hipster area, and over half or more of the rent by having ‘guests’ two or more weekends a month.

[spdrun]

Someone with a pretty high credit score probably would, which is probably also why I don’t generally consider people with a credit score less than 740. As an added bonus, if the person works at a large employer, things get a lot more interesting once you start to really get into legality.

If he’s intending to sublet a rental, he’s already shown his attitude to be “f**k the rules.” Credit score, employer, or not.

Personally, I hope he found a place to rent out, just as long as it’s not yours. Or mine. Got to admire anarchic entrepreneurship.

[no_such_reality]

[quote=spdrun]

Someone with a pretty high credit score probably would, which is probably also why I don’t generally consider people with a credit score less than 740. As an added bonus, if the person works at a large employer, things get a lot more interesting once you start to really get into legality.

If he’s intending to sublet a rental, he’s already shown his attitude to be “f**k the rules.” Credit score, employer, or not.

Personally, I hope he found a place to rent out, just as long as it’s not yours. Or mine. Got to admire anarchic entrepreneurship.[/quote]

He asked for the subletting term to be removed that’s pretty up and up. A sleaseball would rent and attempt to list without any of the information he’s provided.

Frankly, I don’t really see any difference in what he’s doing and a corporation selling a bond. A corporation pledges to provide a cash flow to then use the asset (money) in higher risk activities for greater return. He’s doing the same.

[FlyerInHi]

[quote=no_such_reality][quote=ltsdd]Nothing to think about. Run in the opposite direction as fast as you can. The troubles this guy will bring will claim the rest of what little hair you have left.[/quote]

While I tend to agree with the above, open a discussion wit him if he’s really going to live there or merely run a rent arbitrage between short and long term rates. Say you’re willing to allow the later if you are believe his business plan is sound.

Then have him show you the numbers. Modify the lease, if you want to allow, increase the security deposit and right terms that makes him responsible for excess damage caused.

It’s an interesting model for young singles, rent a nice two bedroom in a hipster area, and over half or more of the rent by having ‘guests’ two or more weekends a month.[/quote]

I agree with NSR. Let people design the contracts that work for them, and come up with new ways of living/using real estate.

We need to separate what is legal (housing laws in the municipalities) from private contracts between the parties.

I’m surprised people are not more upset about how government restricts our land use.

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