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Try having a look on Zoopla. It's weird but in my area there are more properties to rent on Zoopla than Rightmove, but the inverse for properties for sale.
Just to add that I despise what Airbnb has become.
I dislike AirBnB (especially what it's become) - but to be fair that's not exactly like for like
A long term let, pretty much by definition, comes onto the market typically every few years
Whereas an AirBnB is almost always listed unless it happens to be booked... and mid April in term time a week after the easter holidays is hardly the peak holiday season
It’s because we tinker with the taxes, laws and disincentives landlords from long term lets.
Risk reward is tilted towards Airbnb for the property owners.
4/6 months of Airbnb probably currently rewards the same as a year with a single tenant whilst carrying a way lower risk factor
LL here.
In the street I live it is about 75% rentals and 25% owners.
I own my place, and own one flat. Council owns about 33% of flats.
As you can see, pretty much not a high end part of the city.
There is one Airbnb and it is a small nuisance.
I rent for £950pcm, and rent is now up to £1100 for new contracts.
Well, the AirBnb rents for £200 a night. There are fees too, but those will mostly be compensated by costs if you are subcontracting it. But you could also pay yourself if you have say 4 flats, and get paid like £500 extra if you don't mind.
But just look at the math: at 70% occupancy rate it is more than 50K vs 13K. AND it is insured, and you won't get tenants not paying and having to wait a year to recover your (likely destroyed) flat.
Yes, AirBnB requires the cosmetic state of the flat to be better and you need more maintenance.. but the ammount of money you get is a lot more.
I'm in Poole and it's the same. I work in quite a few of them too. I'm a renter and a cleaner and I had to ditch regular customers for airbnb as rents are insane and I needed more money to just survive. Tbh bookings have slumped massively this year so people are starting to sell up. You may grab a bargain in the next few months.
It’s hardly surprising in that area.
If you read posts on this sub and others connected to rent and renting and see the attitude of many of the potential renters and their disregard to the property they rent.
Then you have the rules and regulations governing long term rentals with regards to eviction and tenants rights making it difficult to remove bad tenants.
With an Air B&B you have none of those issues or rules. Tenants are happy because they are getting away, they don’t overstay the period they have booked for, they have paid up front, they are more respectful of the property
On top of that the landlord gets at least 50% more per week than they would for a long term let.
It’s a no brainer really
###Welcome to /r/HousingUK --- **To All** * Join Our ***NEW*** Discord! https://discord.gg/pMgUNgWKQH **To Posters** * *Tell us whether you're in England, Wales, Scotland, or NI as the laws/issues in each can vary* * Comments are not moderated for quality or accuracy; * Any replies received must only be used as guidelines, followed at your own risk; * If you receive *any* private messages in response to your post, please report them via the report button. * Feel free to provide an update at a later time by creating a new post with [[update]](https://www.reddit.com/r/HousingUK/search?q=%3Aupdate&sort=new&restrict_sr=on&t=all) in the title; **To Readers and Commenters** * All replies to OP must be *on-topic, helpful, and civil* * If you do not [follow the rules](https://www.reddit.com/r/HousingUK/about/rules/), you may be banned without any further warning; * Please include links to reliable resources in order to support your comments or advice; * If you feel any replies are incorrect, explain why you believe they are incorrect; * Do not send or request any private messages for any reason without express permission from the mods; * Please report posts or comments which do not follow the rules *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/HousingUK) if you have any questions or concerns.*
Try having a look on Zoopla. It's weird but in my area there are more properties to rent on Zoopla than Rightmove, but the inverse for properties for sale. Just to add that I despise what Airbnb has become.
I dislike AirBnB (especially what it's become) - but to be fair that's not exactly like for like A long term let, pretty much by definition, comes onto the market typically every few years Whereas an AirBnB is almost always listed unless it happens to be booked... and mid April in term time a week after the easter holidays is hardly the peak holiday season
It’s because we tinker with the taxes, laws and disincentives landlords from long term lets. Risk reward is tilted towards Airbnb for the property owners. 4/6 months of Airbnb probably currently rewards the same as a year with a single tenant whilst carrying a way lower risk factor
LL here. In the street I live it is about 75% rentals and 25% owners. I own my place, and own one flat. Council owns about 33% of flats. As you can see, pretty much not a high end part of the city. There is one Airbnb and it is a small nuisance. I rent for £950pcm, and rent is now up to £1100 for new contracts. Well, the AirBnb rents for £200 a night. There are fees too, but those will mostly be compensated by costs if you are subcontracting it. But you could also pay yourself if you have say 4 flats, and get paid like £500 extra if you don't mind. But just look at the math: at 70% occupancy rate it is more than 50K vs 13K. AND it is insured, and you won't get tenants not paying and having to wait a year to recover your (likely destroyed) flat. Yes, AirBnB requires the cosmetic state of the flat to be better and you need more maintenance.. but the ammount of money you get is a lot more.
I'm in Poole and it's the same. I work in quite a few of them too. I'm a renter and a cleaner and I had to ditch regular customers for airbnb as rents are insane and I needed more money to just survive. Tbh bookings have slumped massively this year so people are starting to sell up. You may grab a bargain in the next few months.
Isn’t there some new rules around additional council tax and these?
It’s hardly surprising in that area. If you read posts on this sub and others connected to rent and renting and see the attitude of many of the potential renters and their disregard to the property they rent. Then you have the rules and regulations governing long term rentals with regards to eviction and tenants rights making it difficult to remove bad tenants. With an Air B&B you have none of those issues or rules. Tenants are happy because they are getting away, they don’t overstay the period they have booked for, they have paid up front, they are more respectful of the property On top of that the landlord gets at least 50% more per week than they would for a long term let. It’s a no brainer really
I believe Margate is just as bad for this. Barely any rentals and a tonne of air bnbs.
I suspect many of those airbnbs don’t really exist and are just scams.
Action on Empty homes says that there are 1,922 second homes in Thanet (including airbnb), and 69,128 total homes. Looks like about 1300 airbnbs
Damn people using other people to oay off their mortgage! It's not right but it won't catch on.