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Jp1LSU
LSU Fan
Key West
Member since Oct 2005
1560 posts

re: Rent Hacking Plan, Help Me Evaluate
I have a Euro friend who signs one year leases on places and then airbnb’s them. He’s catching weekly rental rates. The owners have no idea.


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337tigergirl
LSU Fan
Houston
Member since Jan 2012
6475 posts

re: Rent Hacking Plan, Help Me Evaluate
My 1st roommate when I moved to Nola did this. I found out within 3 weeks and I told the other roommate. We were month to month so we both moved out fairly quickly.
If you are not the landlord and you pull this shit, that’s fricked up.
Good luck.
P.s. I found the guy on Craigslist. He’s actually a super nice guy but frick that shite.

Just go find yourself a roommate and split the rent evenly.


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Ace Midnight
LSU Fan
Between sanity and madness
Member since Dec 2006
70893 posts

re: Rent Hacking Plan, Help Me Evaluate
quote:

Your plan would work a lot better if you buy a house and lease out rooms.


IMHO, even if you had to form an LLC and partner up with another person and then rent the third room - this makes more sense than getting into subleasing.

As a renter, if you sublease (assuming allowed), you're still incurring a lot of risk for minimal reward. If you own, at least you're building equity and you can ultimately scale if everything goes well.

I get trying to be clever enough to improve cash flow, but renting/subletting is probably not the way to go, particularly long-term.



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