Approaching a Property Manager About Leasing for Airbnb Beállítások

[beneathftr]

I'm looking to buy a property in Baltimore use as a short-term rental full time via Airbnb. While working through the slower parts of the purchase process (financing through a small credit union), the thought occurs to me - Why not see if I could rent a home or two and do the same thing?

I've read some posts here about owners angered by their tenants doing Airbnb on the sly. I understand. That's not what I'm after. I want to do this totally on the up-and-up with PMs and/or LLs being totally aware of my intentions.

I take for granted that landlords/PMs are going to be predisposed to reject use as a STR - especially full time.

What are some good ideas about how to approach landlords or their reps and assuage their worries?

My instincts say I should be very forthcoming - not even asking for a viewing of a listing until I've come clean about my Airbnb plans.

I'll also assure - and even encourage the LL to put into the lease - that I will have a STR-tailored commercial insurance policy that will supersede homeowners insurance. (Propoer Ins, underwritten by Lloyds seems like the gold standard here.)

I would also be willing to put down 2 months rent as a deposit (max allowed in MD, I believe, and double the standard).

I can also pay more, say 10% or even 15-20%, more than current list. In most cases, that is still will below the initial listing amount from when the properties went on the market in May, June or July.

I'm also only planning to approach on properties that have been vacant for 5+ months. The Baltimore market is slower than a lot of others and a lot of big apartments are coming on line. There appears to be diminishing demand for the 4 bedroom townhomes that I'd prefer.

Many thanks in advance for any thoughts, ideas or practices that have worked in the past.

[fillerjupiter]

Hey @Tobias Graham , I'm admittedly super-new to the Charm City scene. My initial target area is Ridgely's Delight. That's where I'll most likely purchase. Further down the line, I'll be keeping my eye on quieter parts of Pigtown as well as Federal Hill. With Pigtwon, I'm primarily talking about The North side of Washington and no further west than Cross Street (really though, Pobbleton). As for a straight rental to Airbnb, there are some in those parts of Pigtown that passed the walk-by test yesterday.

I'm not opposed to other areas - I just don't know them as well, or at all. I've walked RD and Pigtown a 6-10 times over the last month. I had a networking lunch in Remington the other day... love how that area is developing, but the Airbnb numbers don't compare to the areas on either side of the stadiums.

(For those who don't know, Ridgely's Delight is a very small neighborhood that abuts the baseball stadium on one side, University of Maryland's med/professional school and hospital on another... and Pigtown on a third side. It's a five minute walk to that stadium and a ten minute walk to the Ravens (NFL) stadium and the Baltimore Convention Center / downtown. Put shortly, it's a quiet residential neighborhood of homes built in 1900 that is a stone's throw from 80% of the things that would draw someone to Baltimore.)