If you are a tenant, you need to know that what your limitations are when it comes it sub-leasing the home. In fact, most lease contracts will explicitly tell you that you are not allowed to sub-lease the home to anyone for any reason at all without your landlord’s permission. Going against this could be enough ground for a possible eviction.
However, as a tenant in Burbank, it is still possible that you can make money from Airbnb if you are willing to work with your landlord. As one of the biggest Los Angeles Property Management Company, we usually advise tenants who come to us for advice to first get their landlord’s permission. Talking to your landlord will save you from a lot of trouble. In most cases, your landlord won’t have a problem with this as far as you informed him before sub-leasing the property. In this article, you will learn how you can make renting your property on Airbnb work for you and your landlord. Keep on reading to find out more:
Top Ways To Make Renting Your Home on Airbnb Work For You And Your Landlord
- Get Familiar With Your Lease or Rental Agreement
Like we pointed out above, it is very likely that your rental agreement has a provision that says “Tenant shall not sublet all or any part of the property without landlord’s prior written consent”. Your landlord may evict you when you violate this clause. In some cases, he may warn you if you are a good tenant. If you have such provision in your rental agreement, make sure you talk with your landlord before you sublet the property to anyone else.
- Get Familiar With Local Laws
Some local laws restrict short-term rental hosting. Before renting your Burbank home on Airbnb, it is very important that you research your local laws to know if you are prohibited from short-term rental hosting or not. If your local law prohibits it, then it is safe to say that renting your home on Airbnb isn’t for you. You should forget about this endeavor.
- Talk With Your Landlord
Over the years, we have seen a lot of tenants evicted because they sublet their apartment on Airbnb without their landlord’s permission. It is actually very risky to try this. Don’t even think of renting your home on Airbnb without a landlord’s permission even when he is not staying in the same location as you. It is possible that a nosy neighbor can report you and put you in some serious trouble.
You should talk to your landlord. You can have an agreement to share your earning with him. Most landlord won’t mind as far as you are willing to take the liabilities of hosting a guest. In most cases, you can reach an agreement to pay him 20% of whatever you make monthly on Airbnb. If you speak to him politely and maturely, he will most likely allow you to embark on this endeavor.
- Pay Your Taxes and Fees
To avoid getting in trouble with the law, make sure that you are paying all the taxes and fees as required by your city, county, or the government agency that oversees the short-term rentals.
- Do Guests Screening
Never allow a guest into your home without screening him first. As a matter of fact, this should be one of your priority. It will help you to significantly reduce the risk of attracting bad guests into your home. One good way to research your potential guest is to make use of the email address and the phone number provided to Google him. This will save you a lot of troubles. Remember, you can always interview the guests prior to his arrival. Always stick to your gut feeling when you are screening tenants.