okay this is gonna be fun alright
welcome back everybody family so if we
have any audio issues just send me a
text message this is of course a
attempting to do better at live stream I
wanted to squarely address a couple of
concerns slash objections that I hear in
the space constantly there's we've got
actually got a couple popular videos
right now one is some more over 400,000
views right now about how I feel
Christmas pardon me
you know this Brian page Edie shows up
everywhere and I'm trying to watch my
own live stream with you guys and this
Brian page ad pops up you know he
doesn't make that much money I think he
brags he makes like 300 thousand dollars
a year on the non his like portfolio and
he's selling a course but anyway let's
move on from that because yes our
portfolio makes more than two million a
year and I've done this through rentals
and a lot of people are like well
subletting is illegal one or that
landlords won't allow it to those are
the main two points that I think we need
is we need to squarely address here and
every good morning everybody okay cool
it looks like we're doing good on audio
so the first one that that subletting is
illegal we just need to address that
because it's very simply false let me
teach you some fun stuff about
subletting so the lease that you
typically tend to see with most
landlords it says no subletting in the
lease that is true but that does not
make something illegal it's just against
that specific contract see city to city
and state to state whether or not you
can allow somebody to live in your home
varies the act of subletting in itself
isn't illegal I can't think of any city
where if you are the renter by putting
another renter under they're paying you
I don't know where they're gonna haul
you off to jail or give you $20,000 fine
and maybe in big cities like LA or New
York correct me if I'm wrong but
subletting in itself typically city to
city or state to state is not what is
illegal now there are a small percentage
of cities let me just check yes okay
cool on there a small percentage of
cities like under 10% that regulate
Airbnb in a negative way right and so
there are places where you have to have
permits so you have to be the homeowner
and then you can Airbnb only a certain
number of months out of the year
in New York you have to live in the home
at the same exact time that somebody
else is staying as an Airbnb guest
there's rules like that and the only
time that I've read about that an Airbnb
host has gone to jail for the act of
doing Airbnb there was a guy in
Nashville and I'm talking just in the
United States here there's a guy in
Nashville he was hosting without a
registration without permit and in
Nashville he got a fine and then he
continued to do it without getting his
permit so they put it in jail for a day
that's as bad as I've ever seen it get
as far as the whole subletting or air
beam being is illegal so subletting is
against a contract but you know it's
great about that it's a contract and
contracts are subject to negotiation
because what a contract is is an
agreement between two parties so if your
landlord would allow you to sublet then
it's no longer against your contract and
92 percent of the time the city that
you're planning on doing this in doing
Airbnb isn't illegal okay so now as long
as you can make that negotiated with
negotiation with the landlord so let's
ask why would a landlord ever let you do
this right because another main section
of comments that I see is that a
landlord would never allow this who
could be that stupid right is what I
hear people or read people say and it's
actually much more simple than you think
see landlords are used to making money a
very specific way they put the property
up on you know on the Craigslist or they
put a yard sign out they try to get a
tenant and the tenant stays months and
months and months at a time and
landlords they get kind of fed up to
write landlording is not the most
awesome thing in the world
I know people who hate the fact that
they own property and they hate being a
landlord so in these specific situations
if you approach the landlord and said
hey I would like to manage your property
I would be that would like to be the
point of contact with all future tenants
in this building I would like to make
your life easier by running this
building X Y Z and then I'll handle the
maintenance I'll do all this extra stuff
you're just gonna get a check for me and
you'll deal with me and me alone and I'm
gonna make this property run you're
essentially removing him from the
hardship of landlord ship also since
you're a business an enterprise that is
making profit off of his property your
rate of default is much much lower than
a regular tenant and I can tell you the
one thing I hate most about long-term
tenants is having to evict them I've had
to do it multiple times
so if you're going to negotiate with a
landlord you need to understand that
they have pain too they have things that
that they wish that they could do and
landlording is not allowing them to do
all the things that they wish that they
could do because they find they find out
it's more than that they've signed up
for
and additionally landlords again about
the whole default eviction thing
landlords need to have their places full
in order for them to make money a lot of
these buildings that I negotiate with
their new bills write their lease ups
and they have a bank note that they've
got to pay and if they're not you know
50 70 percent occupied or something more
than that they will be losing money on
their building and they won't be able to
afford their building anymore they'll
have to give their 100 door unit back to
100 or a property back to the bank and
they don't want that so you can present
yourself as a solution to financial
duress or you can present yourself as a
solution to having to deal with tenants
that they don't want to deal with
anymore those are two main ways that
landlords will actually tell you yes to
subletting your property because nobody
wants to deal with it and another cool
fact is if you're an LLC like the way
that I do it and the way that we've
talked about for you know 16 hours of
content on this channel if you're an LLC
it's technically not subletting the
reason why is because a company is not
the person who's going to be residing in
that property a company like shell
corporation doesn't lay their head down
on a bed but what they do do is they
declare an occupant so as an LLC you can
sign a lease
declare your occupant even if that
occupant is only going to be declared
for a few days and then when you get a
new occupant you can declare them and
that's kind of a little work around in
subletting law so technically it's not
subletting so if you ever find a state
or city that's like no subletting do it
as an LLC if you have a landlord that
says no subletting negotiate and that's
it and if you want to negotiate and get
a yes pay attention to their needs you
can't just go walking around neighbor to
neighborhood to neighborhood with your
handout going hey I'd like the Airbnb or
hop your property please give me your
property for Airbnb if you put it like
that likely you're going to get knows
because now it's about you it's not
about them solve the landlords problem
and they will give you their property
capiche so if you have any other
questions about Airbnb rental arbitrage
this is the channel for you watch all of
our content
of course after you've exhausted
yourself on our content if you have
questions leave it in the comments I'm
glad to help I'm here for you so you
know thank you for watching everything
be automated thank you for watching a
live stream and I'll see you on the
other side
