Looking to buy a flat for our 2nd air bnb

[David11805]

Hi guys, we currently own 1 air bnb but are looking to buy our 2nd. We are fairly new to air bnb, (hosting  for approximately 4 months) we have been looking at buying a 1 bed apartment in out town centre. But the management companies seem reluctant to endorse our idea. Has anybody had success buying in an apartment block and using to host through air bnb? 

[Mike-And-Jane0]

@David11805 Many apartments do not allow short term rentals in their leasehold agreements. This is partly because the buildings insurance would cost a lot more, other residents might get disturbed and it affects the fire risk assessment to a potentially unaffordable degree. 

[Rebecca]

Hi there @David11805 👋

What did you decide to do in the end? Have you managed to find a second property? 

Looking forward to hearing from you. 

Rebecca 🌟