05-25-2022, 02:28 AM
(05-25-2022, 02:21 AM)Mav date Wrote:The other pressure on rental stock is the ability to commit investment properties to AirBnB or other short-stay services. Not great for aspiring renters or for neighbours, but it can offer better returns.Insurance is a killer though, AirBnB is not as lucrative as many suspect especially if you aren't doing the maintenance tasks yourself, and during lockdowns when you weren't allowed to take bookings the insurance fees go through the roof because the property is technically vacant. Plus many councils are now cracking down on who can operate as AirBnB, they want their pound of commercial flesh.
But if you are a single mum or retiree who can swindle a property in the right location and do all the work yourself it can be a nice little earner.
"Ruck, ruck, ruck, ruck ....... Ruck, ruck, ruck, ruck"