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Corporate leasing is when a business owner uses their business credit to acquire one or more apartment units under their business name. Regarding placing an apartment unit on platforms like Airbnb, most apartment complexes require you to do 30+ day rentals inside the unit. Corporate leasing is best suited for mid-term rentals. Acquiring high-rise and mid-rise luxury apartments can generate the most money. To establish a successful mid-term rental booking, we will put renters on a roommate addendum to comply with the apartment complex’s rules and regulations if you do decide for us to manage the unit for you. If you purchase this locator type, please be advised that you must have two years of business history and an 80 Paydex Score on Dun & Bradstreet.
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Co-Hosting is the strategy used to generate property rental income using a property you do not own. Co-Hosting was one of the first rental arbitrage strategies used inside Airbnb. To establish a Co-Hosting deal, you must find a homeowner who is open to using their property for short-term rentals and have the owner sign the landlord addendum. Once the Co-Hosting deal has been established with the homeowner, you will be seen as a management company for the homeowner’s property, and you will receive a percentage of the revenue while the homeowner is still responsible for the mortgage. Some homeowners prefer to be a traditional landlord in a Co-Hosting deal and will request to put your business on a lease agreement instead of signing a landlord addendum. If we were to structure a deal like that on behalf of your business, then you would be responsible for paying a lease every month, then what's left will be your profit.
Important:
Included below are our company's procedures and specifics. When you purchase any of our Turnkey products, a contract and invoice will be provided. Once the agreement is signed and the invoice is paid, we will begin locating the unit in the desired city and state and provide biweekly updates if you chose our smaller package and weekly updates if you ordered our turnkey service. We will provide all updates through our portal. After submitting everything, you will gain access to the portal.
Once we've located the unit and you've approved the listing, we'll begin scheduling tours/virtual tours and reviewing the associated fees and specifics. After discussing your profit margins, we will begin securing the property under your LLC and/or name (if you do not have an LLC). For our Turnkey clients, the remainder of this procedure will vary; thus, extra information will be provided.
You must have your LLC, Tax ID, and Duns Number to proceed. If you require the following, please send an email to contact-us@fgqstays.com so that we can organize a consultation to explore your choices.