Hi All, @Stephen166
I am considering a move to Brighton where I will live part time and possibly operate as airbnb flat is free. Is there anyone who perhaps offer some advice or maybe point in the right direction to conduct more research....
Some of the questions I am hoping to clarify...
1. Using a management company - what are costs typically for a reliable mgmt company, what do they offer service wise ?
2. Is it more cost effective to manage yourself?
3. How does a partner host work ?
4. I am in the process of buying the property (1 bed flat, possibly 2 bed) and have not quite decided on location, bearing in mind its a personal property also, I am trying to strike a balance between my personal tastes and a good location from the point of view as an investment e.g. airbnb occupancy potential etc, rates I can charge based on location (conscious the rate is a lot more than just location)....
5. In terms of occupancy, is 1 bed or 2 bed more preferable or does it matter ?
6. What are the formalities you need to comply with in order to operate as an airbnb ? Do I need to jump through formal hoops with the council or any other authority ?
7. Are there any restrictions on the property in terms of layout, which might affect it operating as an airbnb?
8. Can I simply follow the Rent-a-Room scheme as per gov guidelines ?
Thanks in advance
Damien.
Damien