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Buy-To-Let Landlords 'can Make £100 More A Week Renting Property On Airbnb'

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http://www.independent.co.uk/news/business/news/buy-to-let-landlords-can-make-100-more-a-week-renting-property-on-airbnb-a6917126.html

Airbnb could make London's buy-to-let landlords £100 a week more than a standard rental agreement, according to research.

The average weekly price for London properties listed on Airbnb is £450, while the average weekly rental price for tenants in the capital is £335, according to residential specialist JLL.

BTAribnb...

What could possible go wrong....

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Oh please do it. A nice electronic paper trail for HMRC and even more volatility for voids. Just what a debt laden @@@@ needs.

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Landlords are too lazy for this sort of thing.

The BNB part of AIRBNB is for Bed and Breakfast;Its not an investment like BTL, its a business. You run a bed and breakfast where customers expect to be treated like customers and leave reviews for other potential customers to see.

Its nothing like BTL, it is actually providing a service.

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the idea that you can make more money from AirBnB than letting out a flat is perfect.

Until everyone else does it.

There is a place near me, in the Uni part of town. The house has been for sale for a year or two, rooms are available to rent (or all of it) and it's also on AirBnB.

But if you don't rent out your rooms - then you don't make any money.

It miight work in some places like cities but you can't expect to have even 50% occupancy and it's a lot more work as you need to clean the room between guests.

A similar argument has been raised for rural properties - just turn it into a holiday let.

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Lots of London flats are leasehold in blocks with managing agents. Their leases often contain clauses about how they can be rented out (or not)

I've lived in London flats where others are offered on short lets. The level of noise and disruption for anyone else living there increases.

Currently I am living in a block of flats (not London) and the permanent residents are trying to work to identify the AirBnb flats now and put pressure on the LL's through the managing agents but I hear it's not going very well.

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friends of mine had a knock on the door from the police recently.

there had been a crime that I won't go into - but the police asked them if they knew that the flat in which the crime took place was used for prostitution.

That flat was on AirBnB and they knew that and that was why lots of random strangers were walking in/out all day.

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Lots of London flats are leasehold in blocks with managing agents. Their leases often contain clauses about how they can be rented out (or not)

I've lived in London flats where others are offered on short lets. The level of noise and disruption for anyone else living there increases.

Currently I am living in a block of flats (not London) and the permanent residents are trying to work to identify the AirBnb flats now and put pressure on the LL's through the managing agents but I hear it's not going very well.

https://eviivo.com/my-bb/how-to-setup-modern-bb/11-legal-matters-need-take-care/

Are they all checked that they have the right insurance and checks?

Fire regulations

A fire risk assessment is another legal procedure that must be carried out when setting up a B&B – which came into force in 2006 via the Regulatory Reform (Fire Safety) Order 2005

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Just get it repossessed and let the bank sell it at auction for half the price they idiot investors paid.

I think that's fairly likely to happen anyway if the lender found out they were funding the mortgage through Airbnb rather than letting.

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Air bnb seems to me to be approaching global bubble levels.

I suspect it will either:

a. be clamped down on massively by the authorities, or,

b. reach saturation point so that it is no longer worth doing.

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https://eviivo.com/my-bb/how-to-setup-modern-bb/11-legal-matters-need-take-care/

Are they all checked that they have the right insurance and checks?

Fire regulations

A fire risk assessment is another legal procedure that must be carried out when setting up a B&B – which came into force in 2006 via the Regulatory Reform (Fire Safety) Order 2005

Not just B&B - plenty of AirBnB places don't actually offer breakfast. They still count as self-catering accommodation included in the handy guide here https://www.gov.uk/government/publications/do-you-have-paying-guests

Of course AirBnB tries to cover itself by publishing this on its website https://www.airbnb.co.uk/help/responsible-hosting but it doesn't check anything, and I'm not sure it draws potential users' attention to things like fire safety in any meaningful way.

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