
Airbnb (or rental) arbitrage means leasing a property on a long-term basis and then subletting it as a short-term rental for profit, with the owner’s permission. Estara Living signs a master lease on your property, pays you fixed monthly rent, and then operates the home as a luxury short-term rental. We keep the difference between what we earn and what we pay you.
With a traditional manager, you still carry vacancy risk and pay a management fee as a percentage of income. With Estara Living’s master-lease model, we become your tenant:
- You get guaranteed rent for the lease term.
- We handle vacancies, guest turnover, and operational risk.
- Predictable, on-time rent regardless of occupancy.
- No need to vet guests or manage bookings.
- Professional cleaning and ongoing property care.
- Reduced downtime between traditional tenants.
- You get the upside of a hospitality-level operation without having to run one.
Short-term rental arbitrage must comply with local laws, building rules, and the lease agreement. We only move forward where:
- Non-owner-occupied short-term rentals are permitted, and
- A written lease or addendum clearly grants subletting/short-term rental rights.
- We’ll review the basics with you and recommend that you consult your own legal and tax advisors.
The master lease clearly outlines responsibilities for wear and tear, guest-related damage, insurance, and security deposits. Estara Living carries appropriate insurance and operates with detailed house rules and screening to minimize issues.
We limit guest counts, enforce quiet hours, and focus on respectful travelers, not party traffic. We operate more like a professional hospitality operator than a casual host, and we are happy to align expectations with HOAs or building management.
That depends on the structure of the master lease. In many cases, owners are granting full control during the lease term in exchange for predictable income. If you want personal use, we can discuss that upfront to see if it fits operationally.
Common master-lease terms range from 1 to 5 years, sometimes with renewal options. We’ll propose a term that matches your goals and the property’s market potential.
Great candidates are well-located, clean, and compliant homes in areas where short-term rentals are allowed and demand from business/leisure travelers is strong. We’ll review your address, run a preliminary market analysis, and let you know if we think a partnership makes sense.
Fill out the brief property form on this page. We’ll review your property, confirm regulatory feasibility at a high level, and schedule a consultation to discuss a potential lease and projected performance.