Finding a great property for Airbnb rental arbitrage is only half the challenge. The harder half is finding a landlord willing to give you written permission to sublet on Airbnb. Here’s a systematic approach to finding willing landlords and a pitch framework that works.

Where to Find Landlord-Friendly Properties

Individual Property Owners on Craigslist and Facebook Marketplace

Corporate property management companies almost never allow STR subletting β€” their master leases and liability protocols prohibit it across their entire portfolio. Individual landlords, especially those managing their own single rental property, have full discretion and are much easier to negotiate with. Craigslist and Facebook Marketplace rental listings skew heavily toward individual owners. Look for listings posted without a property management company name.

For-Rent-by-Owner (FRBO) Sites

Sites like Zillow, Trulia, and Hotpads allow filtering for “no fee” or owner-direct listings. These are almost exclusively individual landlords managing their own properties.

Driving for Properties

Experienced arbitrage operators often drive target neighborhoods looking for “For Rent” signs with personal phone numbers (not property management company branding). A personal phone number usually means an individual landlord β€” call directly and get a conversation going before they’ve already screened you through an application.

Networking With Real Estate Investors

Real estate investor meetup groups (check Meetup.com and BiggerPockets for local groups) are full of landlords open to creative arrangements. A landlord who is an active investor often has more flexibility and more interest in unusual-but-profitable lease structures than a passive landlord renting out their first property.

The Pitch: What to Say

Don’t open with “I want to put this on Airbnb.” Lead with the value you provide as a tenant, then introduce the subletting component once you’ve established credibility.

First contact script:
“Hi, I’m interested in your rental property at [address]. I’m looking for a long-term lease β€” 12+ months β€” and I pay on time, every time. I take excellent care of the properties I rent. I do have one question before we schedule a showing: I occasionally host short-term guests in the properties I rent, with the property owner’s full knowledge and permission. Would that be something you’d be open to discussing?”

This framing does several things: establishes you as a serious, long-term tenant (not a fly-by-night operation), frames hosting as “occasional guests” (true β€” some nights will be empty), and positions the conversation as one you want the landlord to be part of, not something you’re hiding.

Structuring the Arrangement

Once a landlord is open to discussing, come prepared with a clear proposal:

  • Rent premium: Offer 5–15% above their asking rent. This compensates them for the additional wear from multiple guests and makes the deal more attractive.
  • Additional deposit: Offer an extra half-month to full-month deposit to offset any concern about property damage.
  • Property care commitment: Explain that you employ a professional cleaning service before and after every guest stay β€” the property will actually be cleaner than with a traditional tenant.
  • Noise/nuisance policy: Address this proactively. You vet guests, have a no-party policy, and will respond immediately to any neighbor complaints.
  • Transparency: Offer to share your Airbnb host profile and reviews from previous properties you’ve managed.

The Written Permission Addendum

When the landlord agrees, document it properly. The addendum should include: explicit permission to list on short-term rental platforms, any restrictions (maximum number of guests, no-party policy, notification requirements), rent terms, and any additional deposit requirements. Have both parties sign it as an attachment to the lease agreement.

HostStarter’s STR Search service includes support in evaluating properties for arbitrage potential and structuring landlord conversations. Learn more about STR Search or talk to our team about your first arbitrage unit in DFW.