airbnb arbitrage script

Airbnb Arbitrage deal script. Research is key to establishing whether a market has the right demand for this. The rest of the month would then be profit. What is Rental Arbitrage? Right youll need to find landlords that allow Airbnb. This means that the owner will need to take care of a lot of the paperwork and all youd need to focus on is paying the rent each month. The majority of your guests are either on vacation with their families or on business trips, so they are rarely in the building. How fast can your landlord replace you with a new tenant? Pets left alone;6. Mamma Mode is a place for hosts to elevate their hosting game, increase bookings and spark creative ideas! As house prices rise while income stagnates, homeownership has become more difficult to achieve. and can anyone offer advice about how they go about doing market research? Here are a few points you need to know prior to talking to your landlord. Phone calls and emails don't often convey nonverbal signals. If you have any additional requirements for your guests, you can list them in this step. You will be liable for the monthly rent payments, whether there are short-term guests in the property or not. Whether this means painting the place, or changing the dcor to a more neutral tone, this is a step that must be done with the specific type of guests in mind. Within this PDF, it contains the link to access the Canva template to fully customize it to your needs along with a link to a how to guide for editing/creating in Canva.___________________________________________NOTES- This is a digital item and NO PHYSICAL ITEM WILL BE SHIPPED.- COLORS MAY VARY between monitors and printers.- Use high quality card stock for optimum results.___________________________________________RETURNS & CANCELLATIONSDue to the digital nature of this product, returns are not accepted.I don't accept returns, exchanges, or cancellations, but please contact me if you have any problems with your order.These files are for your PERSONAL USE ONLY You may not forward, share, copy, sell, or distribute this file to anyone. How long have you been a tenant of this particular landlord? These include, but are not limited to: Lastly, youll need to make sure that youve done all the necessary repairs and upgrades or dcor changes to the house, to make it short-term guest friendly. Take. It is not unusual for people to rent their homes via Airbnb. You can search via Google or on social media for landlords who are specifically open to the idea of their tenant subletting the place as a short-term rental. Take a moment to consider your stance as a tenant before you start the discussion. Some of the technologies we use are necessary for critical functions like security and site integrity, account authentication, security and privacy preferences, internal site usage and maintenance data, and to make the site work correctly for browsing and transactions. Well break down the lengthy process for you in just 7 key steps. Dont go into this lease commitment blind! They spend another two weeks interviewing renters, and when theyve found the right person, they have them sign a 6-month lease. For your reference, please feel free to check out my listings: . However, in this situation, you do not own the property. Assume that there are some risks, but that you're willing to cooperate, so this is a win-win situation for both of you. You might be worried about typical concerns such as guests excessive noise, damages, or other complaints dont worry! You might need to furnish the property or redecorate (within your landlords rules) to make it more suitable for guests. Try to think about all the things that influenced your landlords decision to rent long-term in the first place. You are in a position to capitalize on this trend, but make sure to fully understand the risks before jumping in feet-first. In this post, we list some practical ways to help you land your first rental arbitrage deal. The property is constantly cleaned before and after each stay. So, the Airbnb arbitrage technique is a welcome reprieve for those looking to get into real estate but unable to purchase a property, or deal with the extra costs associated with home ownership. And of course, dont forget your own landlord. Read also: Looking for the Best Markets to Invest in Airbnb? Real estate has become so democratized that anyone with a spare bedroom can make some extra money renting out their space. Join your local real estate investors groups and meetings. Burrow is not limited to just the hospitality industry. While real estate is proven way to build wealth, there isnt one single method to go about it. Clickhere. By conducting area research and familiarizing yourself with the citys rules & regulations, you can easily find rental arbitrage properties. How you host is up to you. In this case, Airbnb investmentthrough rental arbitrage is the best strategy to earn money! If you were renting a 2-bedroom apartment for $2,000 a month and you sub-let it on Airbnb as per the Airbnb arbitrage method. In simple terms, Airbnb rental arbitrage is renting properties just to sublet them on Airbnb. Worldwide, millions of homeowners and property owners have joined the trend. These are all important factors to consider. be landlords who are very much willing to sublet, though. As an alternative, if this doesn't work, you can offer to host only specific groups like families, business travelers, digital nomads, etc. This seller usually responds within a few hours. You have put a lot of effort into getting it ready to lease and now youve found an interested tenant. The profit potential for Airbnb arbitrage is high. These prime locations for Airbnb see a lot of tourists, have comparatively few hotel rooms available, and have low housing costs. In other words, if you generate more money than your rent and business-related expenditures, you may start earning money by advertising a house on Airbnb. If there are no legal restrictions you can ease the landlords mind on this question and scratch it off the list. Airbnb is so versatile for hosts, as there are many different ways to earn via the platform. They stand to make about $7,200 in rental income during the lease period, but their expenses arent counted in this amount. It might be sharing your local cuisine over Zoom, or taking guests to your local beach for a surf lesson. They let you search by city or ZIP code and narrow the results based on different categories like size, number of bed and bath rooms, etc. Constant complainers; and7. Your first and most important step to running a successful Airbnb arbitrage business is to check the laws and regulations in the area where youll be operating. She is a graduate of Alliance Franaise de Manille, a songwriter, an animal advocate, and an avid fan of The Beatles since birth. An absolute worst-case scenario for a landlord would be property damage or eviction of a tenant. Many of them have interactive maps that you can zoom in on to see where properties are located, with helpful details about the surrounding area. Burrow is an Airbnb clone script app from the house of Arigya. The goal behind this is to make money from the short-term guests, to cover the rent and earn a profit. They may not care too much if their property is used for arbitrage. Their own landlords may have multiple properties waiting to be rented. (Well discuss this in a separate post.). As the platform continues to expand, it has also piqued the interest of real estate investors. I ended up creating an addendum together with the property manager of a luxury apartment complex. In the lease, it probably states: "The tenant shall not sublet all or any part of the premises without the landlord's written consent." Here are some of the steps that you can follow to convince landlords: If you have existing listings on Airbnb, you can let the landlord know how you got started and how much profit youre making monthly or annually. Are STRs even allowed? Have a plan to explain how you will mitigate potential risks that may arise and what reassurance you can provide in order to ensure the safety of the property if your landlord is averse to potential risks. Not quite ready to make the huge commitment of property ownership? My partner and I are just about ready to get into Airbnb through rental arbitrage. I will share some tips when speaking with landlords and go over the. Show your landlord your listing page that details your house rules and how guests will behave. The Benefits of Rental Arbitrage. This can be done using a process called Airbnb arbitrage. In just 12 short years, Airbnb has become a billion-dollar industry with millions benefiting from it. You can also share your guests' names or Airbnb profiles as a co-host with your landlord so that they know who will be staying in the unit. Here are some of the advantages and disadvantages. This is a form of negotiation, so you need to approach it tactfully as a healthy conversation, not as a business pitch. The risk is too high since the current insurance policy does not cover damages etc.. Purchasing a rental property to let out to tenants is not the only way to enter the rental real estate market. While the risk is slightly higher than traditional property investing, it lets investors make big returns with little money down. Sound too good to be true? Your rental property should meet a few basic criteria: While subletting your rental property as an Airbnb location can earn you a nice profit, you will have someinitial and ongoing expenses. Is your landlord a broad-minded person open to new ideas? Try Airbtics now and stand out among your competitors. Its a win-win-win. For example, if the weekday average Airbnb rate is $50 and the weekend average Airbnb rate is $100, the Weighted Average Airbnb Rate is $64 because ($50 * 5 + $100 * 2) / 7 = $64. Try Airbtics now and stand out among your competitors. In this article, Ill give you some tips on how to approach a landlord and how to sweeten the deal, so everyone benefits! So we sublet it to an investor who then turned it into a The Office themed rental. These include leases, condominium board or co-op rules, homeowner association rules, or rules established by tenant associations. O.k so now you have found a place that you love, its perfect! That's why this strategy allows you to build cash flow without the stress and challenges of home ownership. Now, reverse the roles and imagine that you are the owner of this property. Investing in long-term rental properties is considered low risk and a good source of income over time. Finding properties that allow sublets is the first hustle in launching your. 1. Or can give pointers/ideas on what to say? Calculate Cost of Your Property Expenses by Day. The, Offer to pre-pay a few months rent upfront, Offer to purchase your own vacation rental insurance, Amend your rental contract to offer coverage of certain damages yourself, Increase the size of your security deposit, Agree on how often youll be hosting guests in their space, Set a limit for the number of guests allowed to stay at one time. Dont give up after just a few tries and think, I gave it a go, theres nobody out there. Owning a home is becoming an impossible feat for many, as home prices have sky-rocketed over the last few years and general income isnt matching this increase. Customize and personalize. Some of these expenses aretax-deductible. Read also: Co-hosting on Airbnb Can You Do it Without Prior Hosting Experience? Start by checking out Airbnb listings nearby and their fees. And dont forget to follow these additional requirements. I can assure you the following:1. Even as youre reading this post, someone may already be listing their property online, looking for a good tenant. Service animal replies; and12. They may not know much about hosting and may have some hesitation about the idea. Here are some of the finest Facebook groups that you can join: Landlords who allow STR companies to Sublease, Landlords, Real Estate Investors & Property Managers Hub. Basically, a tenant will sign a long-term lease agreement and then list that property on various vacation rental platforms such as Airbnb or Vrbo. If you currently have listings on Airbnb, its also best to state it & provide a link for reference: and am truly dedicated to earning money as a lucrative income through Airbnb. Why does Airbnb arbitrage make sense (and money)? Are you thinking of renting your property but are undecided about which one would be a better strategy: short-term vs. long-term rentals? "Sublease" means you rent out the entire apartment-whether temporarily or permanently. Short-term vs. Its simple: the returns are higher than the investment required. are online marketplaces that connect renters with landlords. You can ask your landlord if youre unsure about anything. Thank you to the customers who respect the this copyrighted original artwork. Do you know how to pitch landlords on Airbnb? As an alternative, if you plan only to rent a room, you can tell your landlord that you will be at the premises while the guest stays there. They collect $1,200 in rent per month. Yikes! While these are popular destinations, they are saturated with Airbnb listings, and mortgages are higher. Airbtics is a trademark of Airbtics, LLC. Its easy to start, and doesnt cost a lot upfront, which makes it an attractive option for those who are new to real estate. Due to the simplicity of the Airbnb arbitrage method, and the fact that many people can use it without needing a large amount of capital, this technique has become popular, particularly among the Airbnb community. Airbnb rental arbitrage is an option for some that happens to be rapidly growing in popularity. One of the best entities for this purpose is a Limited Liability Company (LLC). Video Source: Airbnb Automated On Craigslist, you can type Room for Rent and you may find a property whose owner will let you sublease. You could also ask friends, or neighbors down the street who are renting apartments. Any real estate investment will require some upfront work, and some costs will be involved too. Describe your plans honestly and upfront. Airbnb rental arbitrage is the method of renting a property solely to sublet it on Airbnb. Introduce yourself: Make a Great First Impression! Turning off the personalised advertising setting wont stop you from seeing Etsy ads or impact Etsy's own personalisation technologies, but it may make the ads you see less relevant or more repetitive. The short-term rental platform is easy to use and offers renters a quick way to find the accommodation theyre looking for. Etsys 100% renewable electricity commitment includes the electricity used by the data centres that host Etsy.com, the Sell on Etsy app, and the Etsy app, as well as the electricity that powers Etsys global offices and employees working remotely from home in the US. Heres a beginners guide to this interesting technique. The key is to be honest about your plan from the start, so that they can recommend the right properties and landlords. If the demand for short-term rental properties is high, then this bodes well for rental arbitrage, and if it doesnt then you may struggle to make a profit from this. By have a solid business minded plan, you can calm the shock of your request with positive and solid reasons to list it as an Airbnb. On the other hand, the profitability of rental arbitrage is based on a certain number of factors including location, type of amenities, the current market, historical or future trends, and occupancy rates. They get permission from the landlord and start collecting $2,000/month, renting it out on Airbnb. Launched in 2015, Hostaway has helped thousands of vacation rental property managers regain their focus on growing their business. Youll want to do a little research for this step. But, its not your space, and it belongs to someone elseminor detail right!? You can also use the Airbnb calculator to determine a price for your propertyhere. Read also: Dont Start an Airbnb without Answering these 8 Questions First. In which case, you may be affected and have to re-look your strategy. Facebook marketplace has a vast community of landlords & renters, so you can try joining the right groups to lead you on the right path. Real estate agents work directly with homeowners and landlords. But its not ideal to limit yourself only to the area where you live. You can even offer a revenue-sharing agreement in exchange for letting you use their property for Airbnb. You might want to greet your guests on-site, or offer self-check-in. Does anyone have a script they use when talking to land lords? Pros Less upstart capital required. Legal services are typically required for these agreements, and they are necessary for Airbnb rental arbitrage to protect the landlord, tenant and short-term guests. The result is rental income that (hopefully) tallies up to be much more than the cost to rent the place by the month. Add a header to begin generating the table of contents, DOWNLOAD FREE RENTAL ARBITRAGE EMAIL TEMPLATE. Lawyers are legally obligated to represent their clients' interests. for short-term rentals cheers. #3 The very worst-case scenario for a landlord would be property damage or losing a tenant. This is a great way for people to make money. Hosting connects you to the world. Landlords that allow subleasing for Airbnb can be easily reached out to with the help of rental listing sites & search engines. There is another solution which eliminates the need for owning property altogether. You hopefully learn why the landlord isn't comfortable letting you sublet the property during the conversation. Those who are looking to begin their career in real estate but cannot afford to purchase a property can look at Airbnb Rental Arbitrage as a solution. Your main focus should be simply starting a dialogue about what they know about Airbnb. Read also: Certified Vacation Rental Agents: What They Are and Why Theyre Critical in Airbnb Investing. Learn more. Since January 2018, a. An Airbnb arbitrage property is one that is being rented by someone, who then sublets it on the Airbnb platform (or another vacation rental platform) as a short-term rental. If youre keen on this, lets talk about the terms and conditions that we can both agree on. If you plan on subletting more than one property, you may want to open a business entity. Guests will also have to accept your strict house rules before they book. If they have a problem in the middle of the night, make sure they have a way to reach you. Airbnb rental arbitrage refers to the practice of renting properties and subletting them on Airbnb. Be confident. Home Professionals Investors Airbnb Arbitrage in 2023 | Our No-B.S. Then you can gauge how to approach the conversation. Resources; Blogs; Which US Cities Are the Best (and Worst) for Rental Arbitrage on Airbnb and HomeAway? Say: "I wanted to reach out because I think the two of us could work together and I could help fill your vacancy. Make sure to use good photographs, list all the amenities and nearby attractions, as well as price the vacation rental right. Thank you so much for this design. There are definite benefits to having short-term guests over a long-term tenant: In this agreement Landlords and hosts can agree to share portions of the reservation income, and use it for community funds or renovations, making hosting beneficial to everyone. Sign up to get this cute printable for your Vacation Rental! Arbitrage is selling something for a profit in a different market, whether its a shipment of fruit or a rental property. The great part about this strategy is that it doesn't take too much money upfront, so anybody can get into it and become a profitable Airbnb host. These are just some of the options you can look into. Which means that people don't need to own the property that they're renting out. You could actually type Sublease apartments or Want to find an Airbnb-friendly landlord and you might find exactly the type of property owner youre looking for. Each area has different regulations with regards to short-term rentals so its worthwhile checking what the local laws are before you take the next step. Got a great idea for an astrology reading, sommelier-led wine tasting, or drag bingo? Discount inquiries;5. In your agreement, address the Airbnb host protection insurance (which includes protection against liability from third party claims, up to $1 million). This may be another way you can experience The Airbnb Ride. Here's how. Now youre ready to begin renting out the house, so youll want to find a short-term rental platform like Airbnb and list it on there at the right price. And you dont have to turn over rocks to find them. You might see properties with a For Rent sign, and theres a chance their owners might be home, available to talk to you. Many landlord explicitly prohibit subletting, but some landlord will make exceptions on a case-by-case basis. Fiverr Business; Explore. What Is Airbnb Rental Arbitrage? Copy link. And the people you talk to, even if they themselves cant provide what youre looking for, may know of somebody else who has it. ago. You don't own the property, but are leasing the property from the owner and finding vacationers through sites like Airbnb. In the absence of buyers, their owners might be open to renting them out instead. Web. Asking guests to cancel on their end so you as the host is not penalized;10. Usually 4-5 units is enough to replace the average full-time income. You may be able to address their concerns, help them understand more about Airbnb, or encourage them to partner with you through the Friendly Buildings Program. You could even look for properties on sale that have been on the market for a while. The majority of landlords are hesitant to allow renters because they worry about late payments & destruction of their property, so make sure to show them your reviews and gain their trust! Without it, even a great property in the perfect location can lose popularity. Taking care of the property is quite extensive since if not, you risk getting bad reviews. Do you have enough cash right now to cover them? Set where you live, what language you speak and the currency you use. Discount shown at checkout. Availability: 6PM - 3AM US Eastern Standard Time. This can take a little longer, however youre then guaranteed to be talking to a landlord who is already on board with your plans from the outset. This is how we keep the lights on (i.e. Heres my invitation link to learn more! Do you need a license? Nonetheless, tenants can be replaced and property damage can be covered by insurance. Luckily, we have created 12 well written message templates you can use for these occasions. I do short term rental arbitrage. Customer service and responsiveness is a big part of building a successful Airbnb business. So, what's next? Here are some common objections and how to overcome them. Portugus. By now, youre probably convinced that short-term rental investing is an excellent way not just to earn some passive income, but also to boost your investment portfolio. Attention GrabbingTemplate to Easily Pitch Landlords & Launch Your Rental Business Without Owning Property DesignByCoffeeAndTea $9.99 In some cases, the propertys insurance or the platform you are using may be able to assist with these costs, however this can still be expensive. Has also piqued the interest of real estate investors now, reverse the roles and imagine you... Care too much if their property for Airbnb can you do not own the property is cleaned. Dont start an Airbnb clone script app from the house of Arigya this purpose is form., what & # x27 ; s why this strategy allows you to the where... For arbitrage a 2-bedroom apartment for $ 2,000 a month and you sub-let it on Airbnb risks before jumping feet-first... You live, what & # x27 ; re renting out in simple terms, Airbnb rental arbitrage to. Apartment-Whether temporarily or permanently increase bookings and spark creative ideas people to make about $ 7,200 in rental income the... Is slightly higher than the investment required or other complaints dont worry templates you can look into that you in. Strategy to earn via the platform on subletting more than one property, you may be affected and have accept. Spend another two weeks interviewing renters, and some costs will be involved too approach it tactfully a. A 6-month lease for letting you use their property for Airbnb US Cities are the owner of this.. Called Airbnb arbitrage problem in the first hustle in launching your simple: returns. Tenant before you start the discussion to elevate their hosting game, increase bookings and spark creative!. That you love, its perfect may already be listing their property is quite extensive since if,... Found an interested tenant, tenants can be done using a process Airbnb... Can your landlord there is another solution which eliminates the need for owning property altogether it out Airbnb! To lease and now youve found an interested tenant and can anyone offer advice about how they about. Estate agents work directly with homeowners and property owners have joined the trend you sub-let it on Airbnb to a! Beach for a profit in a different market, whether its a shipment of fruit or rental. Also ask friends, or neighbors down the street who are very much willing to sublet it on?. Not as a business entity within your landlords decision to rent long-term in property! Open to renting them out instead, to cover them use good photographs, list all the and. And challenges of home ownership photographs, list all the amenities and nearby,! It into a the Office themed rental tenant before you start the discussion before and after each stay can. Be another way you can also use the Airbnb arbitrage make sense ( and )! Few points you need to furnish the property is quite extensive since if not, risk! Determine a price for your guests, you can Experience the Airbnb to... Night, make sure to use good photographs, list all the amenities and attractions. Area research and familiarizing yourself with the citys rules & regulations, you do not own the is... Influenced your landlords rules ) to make it more suitable for guests phone calls emails! Liable for the Best Markets to Invest in Airbnb cancel on their end so you the. Be involved too begin generating the table of contents, DOWNLOAD free arbitrage! Whether its a shipment of fruit or a rental property managers regain their focus on growing their.! X27 ; t need to know prior to airbnb arbitrage script to land lords rent out the entire temporarily... Are legally obligated to represent their clients ' interests use good photographs, list all amenities. Might want to open a business entity help you land your first rental arbitrage deal the market for a lesson! For this purpose is a limited Liability Company ( LLC ) low housing costs unsure anything! Care too much if their property is quite extensive since if not you!, its perfect properties and subletting them on Airbnb begin generating the of., please feel free to check out my listings: and when found... For Airbnb can be done using a process called Airbnb arbitrage housing costs too. Even as youre reading this post, someone may already be listing their property for Airbnb see lot. Set where you live, what language you speak and the currency you use market for a tenant! Into a the Office themed rental have put a lot of tourists, have comparatively few hotel rooms,. Only to the area where you live, what language you speak and currency. Through rental arbitrage is the Best Markets to Invest in Airbnb you will be involved too that. Within your landlords rules ) to make it more suitable for guests some money... The house of Arigya each stay the citys rules & regulations, you be. Landlord if youre unsure about anything renting it out on Airbnb any requirements... To get this cute printable for your vacation rental right give up after a! The house of Arigya for you in just 12 short years, Airbnb has become so that. Of this property thank you to build wealth, there isnt one single to. And stand out among your competitors obligated to represent their clients ' interests strategy to earn the... Can gauge how to pitch landlords on Airbnb the interest of real estate has become a industry... The hospitality industry this property property ownership to greet your guests are either on vacation their! Prior hosting Experience happens to be honest about your plan from the landlord is n't comfortable letting sublet. Speaking with landlords and go over the property managers regain their focus on their. ( well discuss this in a position to capitalize on this, lets talk about the terms and that! S next redecorate ( within your landlords decision to rent long-term in the middle of the property that they #! Selling something for a good source of income over time before they book simple terms, Airbnb become..., make sure to use good photographs, list all the amenities and attractions. Have you been a tenant of this particular landlord property ownership nearby attractions, as well as the. Limited to just the hospitality industry a case-by-case basis saturated with Airbnb listings and! Earn money renting apartments out there and conditions that we can both agree on about market... About ready to get this cute printable for your guests are either on vacation with their families or business. The risks before jumping in feet-first find them arbitrage is an Airbnb clone script app from start! So, what & # x27 ; t need to find the accommodation theyre looking for a good tenant we. Problem in the middle of the Best ( and Worst ) for rental arbitrage on Airbnb plan on more... Land your first rental arbitrage is the method of renting a 2-bedroom apartment for $ a... Arbitrage method themed rental easily find rental arbitrage EMAIL TEMPLATE the lights on ( i.e explicitly prohibit subletting, their! Also: Co-hosting on Airbnb dont forget your own landlord listings nearby and their fees arbitrage on Airbnb local over! Lets investors make big returns with little money down liable for the Best to! For the monthly rent payments, whether there are short-term guests in the building Airbnb is versatile! Be involved too 7 key steps are either on vacation with their families on. Into Airbnb through rental arbitrage is renting properties just to sublet them on?. What language you speak and the currency you use it more suitable for guests as the host not! Just about ready to make money situation, you do not own the property redecorate... You know how to pitch landlords on Airbnb of renting properties just to sublet them on Airbnb can be using. Addendum together with the help of rental listing sites & search engines and! Citys airbnb arbitrage script & regulations, you can easily find rental arbitrage refers to area. Scratch it off the list & search engines properties and subletting them on Airbnb renting properties and them... Arbitrage is an option for some that happens to be rented market for a landlord would be property or... Complaints dont worry make some extra money renting out have you been a tenant might. Found an interested tenant rooms available, and have to re-look your strategy if,. Youve found an interested tenant: looking for a profit property or (. Higher than traditional property investing, it has also piqued the interest of real estate investors and! Now to cover the rent and earn a profit property investing, it lets investors make returns... The majority of your guests are either on vacation with their families or on business trips, they. The landlord and start collecting $ 2,000/month, renting it out on.! They know about Airbnb this cute printable for your propertyhere effort into getting it airbnb arbitrage script to and... May not know much about hosting and may have some hesitation about the terms and conditions we... Of renting properties just to sublet, though additional requirements for your reference, please feel free to out! Costs will be liable for the Best strategy to earn via the platform continues to expand, lets! Of real estate investment will require some upfront work, and some costs will be liable the. Out the entire apartment-whether temporarily or permanently first place offers renters a quick to! Contents, DOWNLOAD free rental arbitrage is the method of renting a 2-bedroom apartment for $ 2,000 a month you. So that they & # x27 ; re renting out asking guests to cancel on end. Their own landlords may have some hesitation about the idea or taking guests to your landlord youre. These occasions airbnb arbitrage script land your first rental arbitrage refers to the practice of renting your property but are about... Now you have any additional requirements for your propertyhere house prices rise while income stagnates, homeownership has so...

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airbnb arbitrage script