{"id":17539,"date":"2019-11-12T13:43:06","date_gmt":"2019-11-12T19:43:06","guid":{"rendered":"https:\/\/www.abodo.com\/blog\/?p=17539"},"modified":"2020-09-28T08:58:53","modified_gmt":"2020-09-28T13:58:53","slug":"rental-turned-airbnb","status":"publish","type":"post","link":"https:\/\/www.rentable.co\/blog\/rental-turned-airbnb\/","title":{"rendered":"How To Talk To Your Landlord About Airbnb Rentals"},"content":{"rendered":"

Running an Airbnb is a side hustle or business that many see themselves doing, if only they owned a home.<\/span><\/p>\n

Valued at $36 billion, Airbnb<\/a> is a booming company that many travelers prefer over traditional hotels. If you have an extra room in your rental or you\u2019re often away, it seems like a missed opportunity.<\/span><\/p>\n

But today, an Airbnb entrepreneur <\/span>doesn\u2019t need to be a homeowner<\/b>. In fact, you can start and\u00a0<\/span>scale your Airbnb business<\/span><\/a> without owning any property at all. But you have to do it the right way. Your landlord has to be on board.<\/span><\/p>\n

It\u2019s very important that you do not try to start this business before you\u2019ve received your landlord\u2019s approval. Your neighbors could easily tell on you, or your guests might have a party and get the cops called. There\u2019s no way for you to know what will happen.<\/span><\/p>\n

This isn\u2019t a \u201cbetter to ask for forgiveness than permission\u201d situation. It could cost you a lot.<\/span><\/p>\n

Here\u2019s how to talk to your landlord about running an Airbnb on your rental, while also maintaining a healthy relationship<\/a>.<\/span><\/p>\n

Think about what your landlord wants<\/strong><\/h2>\n

Your landlord monetizes his or her property through long-term rentals. It could be their side business or full-time income. In any case, it means they opted for a secure and low-risk income plan.<\/span><\/p>\n

Your landlord may not like the idea of short-term rentals at first. After all, what could they get out of you running a business on their property?<\/span><\/p>\n

Nothing but more risk. This is something you need to consider when you approach them about renting out spare rooms, apartments or even full homes.<\/span><\/p>\n

Put yourself in their shoes. You own a house and decided to rent it out long-term. Then your tenant asks you if they can host strangers in it short-term to gain a massive profit off your property.<\/span><\/p>\n

Your income stays the same but your risk skyrockets.<\/span><\/p>\n

That\u2019s how you need to approach this conversation with your landlord.<\/span><\/p>\n

Calculate the risks and propose a mitigation plan<\/strong><\/h2>\n

Don\u2019t come to the conversation pretending there are no risks.<\/span><\/p>\n

Your landlord will find things out when they do their due diligence. Come prepared and aware of the risks and with a plan to mitigate them.<\/span><\/p>\n

Possible risks to your landlord are:<\/span><\/p>\n