10:34 AM, 30th July 2017, About 5 years ago 3
AIRBNB Management seems to be a big growth sector, particularly in London, Birmingham, Edinburgh and other big cities. I haven’t been able to find a National operator yet but I suspect it is only a matter of time before we see them launching.
I have looked into this in some detail and many of the London operators appear to have excellent Trust Pilot ratings, so I am keen to engage a discussion about this on Property118 with my fellow members.
There are a number of issues such as whether letting with AIRBNB breaches mortgage, insurance and lease conditions but I am particularly interested to hear from landlords who have used these agencies.
Have AIRBNB Management Companies been able to give you a higher net return than would would have received by letting your property(ies) on a traditional AST?
What has been your experience of treatment of the property and also the bookings process, cleaning and key management?
Why did you decide to switch to this business model? Was it because furnished holiday lets are treated differently for tax, was it the lure of higher net rental yields or was it something else?
I look forward to reading your replies.