air b n b

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    air b n b

    Hi
    looks like a property in a Street I’ve got a rental is on here and they are asking £45 a night. So even if they only get it rented half the time way better return than the £425 I currently get a month. I’ve tried to see when is available and looks like it’s virtually fully booked for next 6 weeks apart from odd few days
    anyone got any experience on this? Like what percentage air b n b want etc
    knoe will have to fully furnish it and pay all bills council tax etc
    thabks in advance

    #2
    Originally posted by Gandolf View Post
    Like what percentage air b n b want etc
    Google is your friend.

    https://www.airbnb.co.uk/help/articl...nb-service-fee

    Comment


      #3
      The hidden cost is the servicing of the property.
      It needs to be cleaned more often and there are obviously lots more checking in and out.
      There are companies who will do that for you in most big cities and large towns.
      When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
      Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

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        #4
        Don't forget you'll need to tell your mortgage provider and insurance provider. I would imagine you'll need smoke and heat alarms as well as fire doors.

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          #5
          And in many areas eg London not permitted
          I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

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            #6
            Originally posted by theartfullodger View Post
            And in many areas eg London not permitted
            That's a good point. Also other areas wouldn't allow it so you'd need to check with your council/environment protection officers.

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              #7
              Guess one in Street is allowed so presidence is there
              no Mortgage on it so not an issue, cleaner lives a mile away that I use so shouldn’t be an issue
              giess will talk to council as if can get double rent it’s a no brained really. Property was done upto a good standard only a year ago so really just need furniture and to check with insurance company
              thanks for help

              Comment


                #8
                How do you know if the Air BNB advertised property is your Rental-you only mention a property "in the same street"
                You could visit your T, knock on the door, introduce yourself as the LL to check who answers but do not enter unless invited.

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                  #9
                  Originally posted by mariner View Post
                  How do you know if the Air BNB advertised property is your Rental-you only mention a property "in the same street"
                  The OP isn't suggesting that the Air B&B being advertised is his property - he's considering changing the way he lets the property to something similar.

                  Comment


                    #10
                    Originally posted by Gandolf View Post
                    Guess one in Street is allowed so presidence is there
                    no Mortgage on it so not an issue, cleaner lives a mile away that I use so shouldn’t be an issue
                    giess will talk to council as if can get double rent it’s a no brained really. Property was done upto a good standard only a year ago so really just need furniture and to check with insurance company
                    thanks for help
                    One in the street doesn't mean there can be more. There might be other reasons such as being nearby a chemical factory, parking, or other shared lets nearby. You will need to check with your council.

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                      #11
                      Ok will give council a ring tomorrow thanks but no factories really near. If they allow one surely they can’t not allow another, I will e mail them now and let you know how it goes
                      thanks

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                        #12
                        Sorry it’s not my property, it’s currently empty just been cleaned ready to rent but for 475-500 a month if I can get 20 days at £49 a day it’s a far better return. I’m not daft though know it will need more maintenance and cleaning between people staying. Also need to get furniture and cutlery plates etc probably pop a dishwasher in and think il change some of flooring to lvt and various other changes, like a key box just incase etc might cost a few thousand initially but if I can get 20 x £49 a month makes it well worth it and will consider doing it with other rentals when they come empty
                        thanks for help all appreciated

                        Comment


                          #13
                          I wouldn't put a dishwasher in. It's just another thing to go wrong, be misused, cleaned etc. Edit: a pay as you go tumble dryer might be more useful. You can get pay as you go coin boxes online and they're easy to fit by a competent person.

                          Comment


                            #14
                            Originally posted by Berlingogirl View Post
                            I wouldn't put a dishwasher in.
                            I would say it is a must, if only for the cleaner to use between lets.

                            Comment


                              #15
                              Yeah good point saved me some money and messing with kitchen units thanks

                              Comment

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