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Jonathan432
Posted: 31 May 2024 11:42:58(UTC)
#10

Joined: 30/07/2013(UTC)
Posts: 100
Jasper40;307139 wrote:
I’ve occasionally helped out a relative with their Airbnb. Rural Devon and they have a one bed cottage attached to their thatched farmhouse. It’s quite hard work, especially if it’s only two night weekend stays as the cleaning has to be of a very high standard plus bedding changes and adding all those extra touches like a vase of fresh flowers etc. Surprising how much time is taken up with doing all this so accepting 15% of total takings seems very reasonable to me but will it last? I’m sure contract cleaners who deal in this would charge considerably more. I say this as my relative does sometimes get them in to do the work if she is busy with family matters and there are back to back bookings. I guess it depends on how often you are letting.



Thank you Jasper40. Great points here. I imagine there will be a lot of short-term lets so it will be a huge amount of work. Maybe 15% of total takings isn't adequate to reflect this? Maybe 20% would be more reasonable. Thanks for providing food for thought!
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Jonathan432
Posted: 31 May 2024 11:47:00(UTC)
#12

Joined: 30/07/2013(UTC)
Posts: 100
John Bran;307264 wrote:
Lettings tend to increase in the second year and even more so in the third year. IF people who use it are happy.
IE you get new people but also you get people coming back again and again.
My daughters is rual Herefordshire. I use it free ( a cabin in the garden) but struggled to fit me in this summer as booked up really quickly.

Note she gots lots of spare days but I don't live near and only go for no less than a week. So plenty of times it's empty for a few days.


Thanks John. Great point about returning customers and interesting to hear how it works for your daughter.
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Grubber
Posted: 07 June 2024 07:30:12(UTC)
#13

Joined: 07/12/2020(UTC)
Posts: 21

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We stopped Airbnb and another high quality holiday accommodation site listing. Fees are high and Airbnb became increasingly meddlesome. A Google entry and spot then on GoogleMaps for free produced just as much net income. Letting for 3/4 days minimum. Same price all year whatever days except Christmas / Easter. Rent up front. Sorted. Watch out for Council deciding you should be rated as offering self catering accommodation rather than BNB if that is the accommodation not already rated. Future of Airbnb dodgy as political Pressure mounting worldwide and anti short term let regulation increasing everywhere. Lastly have some respect for your neighbours by retaining more direct control.
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2 users thanked Grubber for this post.
Jonathan432 on 15/06/2024(UTC), Tim D on 24/07/2024(UTC)
Lex Further
Posted: 14 June 2024 15:07:22(UTC)
#15

Joined: 18/09/2021(UTC)
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I Airbnb my apartment for a minimum of two weeks at a time, which makes managing the cleaning and turnover much easier. Renting it out for just one or two days doesn't make any sense for me, as I already have too much on my plate. I'm back in college now, and without the help of Academized https://academized.com/research-paper-writing-service, I wouldn't be able to continue with my job. Balancing my studies with the demands of maintaining and renting out my apartment can be incredibly challenging.
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Jonathan432 on 15/06/2024(UTC)
Jonathan432
Posted: 15 June 2024 15:32:29(UTC)
#16

Joined: 30/07/2013(UTC)
Posts: 100
Lex Further;308813 wrote:
I airbnb my apartment minimum for two weeks, makes it much easier



Thanks Lex. That's a really interesting idea.
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Jonathan432
Posted: 15 June 2024 15:37:03(UTC)
#14

Joined: 30/07/2013(UTC)
Posts: 100
Grubber;308010 wrote:
We stopped Airbnb and another high quality holiday accommodation site listing. Fees are high and Airbnb became increasingly meddlesome. A Google entry and spot then on GoogleMaps for free produced just as much net income. Letting for 3/4 days minimum. Same price all year whatever days except Christmas / Easter. Rent up front. Sorted. Watch out for Council deciding you should be rated as offering self catering accommodation rather than BNB if that is the accommodation not already rated. Future of Airbnb dodgy as political Pressure mounting worldwide and anti short term let regulation increasing everywhere. Lastly have some respect for your neighbours by retaining more direct control.



Thanks Grubber. That's an interesting point about respect for my neighbours. It's true that having lots of people coming and going might impact the quality of life for people on each side. I hadn't thought of that.
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Mat1
Posted: 16 June 2024 13:29:29(UTC)
#17

Joined: 03/05/2017(UTC)
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Seems like it will be a lot of work for her but may as well give it a go. You could always just let the place to her at a higher rate then she can keep the profits. That's essentially what rent-to-rent is. Very popular strategy for people trying to get in the property game at the moment.
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1 user thanked Mat1 for this post.
Jonathan432 on 17/06/2024(UTC)
Jonathan432
Posted: 17 June 2024 11:17:58(UTC)
#18

Joined: 30/07/2013(UTC)
Posts: 100
Mat1;308962 wrote:

Seems like it will be a lot of work for her but may as well give it a go. You could always just let the place to her at a higher rate then she can keep the profits. That's essentially what rent-to-rent is. Very popular strategy for people trying to get in the property game at the moment.



Wow, Mat 1. That's a fantastic idea. I hadn't even thought of that. Will definitely give it some thought. Thanks!
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Jonathan432
Posted: 24 July 2024 11:27:19(UTC)
#19

Joined: 30/07/2013(UTC)
Posts: 100
Just to add a couple of points here to the discussion that may go on the minus side against the Airbnb idea...

(1) The rental income I get from the property provides about 50% of the income I live off. Airbnb may prove more profitable, but the lack of certainty around what actually might be coming in each month is a potential drawback.

(2) The location is Camden Town, which does attract a younger party crowd looking to experience the vibrant nightlife. So there is a risk of tenants perhaps throwing parties in the property itself. This could be expensive and time consuming to clear up; even though my friend has said she will take care of all of this side, it may prove more than she has anticipated. And it could also prove disruptive to neighbours.

A couple of things for me to think about!
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Jonathan432
Posted: 24 July 2024 12:10:50(UTC)
#20

Joined: 30/07/2013(UTC)
Posts: 100
And I guess in relation to point (1) above, there may also perhaps be a level of uncertainty introduced by potential changes in legislation relating to short-term lets.
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