> [Shatford] said a low-risk approach to investing in the industry is to build a portfolio by signing yearlong leases instead of buying the properties. The worst that can happen is a landlord who isn’t told about the operation can terminate a lease and keep the security deposit.
Wow, that's slimy. I assume the leases he's signing, like pretty much all rental agreements, explicitly forbid unapproved sublets or guests staying more than a few days a month. So his get-rich-quick scheme (or "business plan") is to sign contracts he knows he will break, and hope he doesn't get caught until after he has come out ahead.
Wow, that's slimy. I assume the leases he's signing, like pretty much all rental agreements, explicitly forbid unapproved sublets or guests staying more than a few days a month. So his get-rich-quick scheme (or "business plan") is to sign contracts he knows he will break, and hope he doesn't get caught until after he has come out ahead.