To be fair I think there's a massive problem due to people (generally from London) getting second houses in "desirable" areas, making it difficult for people who actually live there to get on the property ladder. That needs to be looked at. This lad isn't suggesting anything of the sort though is he? He's a person looking to get a property to live in, he'll buy one place, live in it, but if it's going to be empty quite a bit he'd like to see if he can get some money from it as well. He'd likely buy it regardless, so he's not stopping anyone from getting on the ladder!So you want to add to the problem of pricing out locals in the housing market whilst simultaneously avoiding taxes?
AirBnB rentals will eventually come under a lot more scrutiny & get hefty tax bills due to the above.
It's really handy, you can customise pretty much anything. Pick and choose which days are available, which are not. You need to have your wits about you sometimes and juggling the calendar can interfere with life in general. The first year was a pretty steep learning curve. Having people leave and arrive in the same day can be hectic at times too. But overall it's been pretty good. I block out dates for myself, so it's kinda my part time holiday home now as wellgreat stuff mate. Any tips?
are you just allowed to rent out as much as you want then?
Then dont post on the thread then.
90 day rule only in London I believe.
I wish I could afford to buy in London tbh.
Get a, good accountant mate they should do the rest.I wouldn’t know how to avoid tax if I tried
any tips would be welcome
You might want to rethink Margate: Airbnb crackdown in Margate over fears it's 'killing the community'
I would look at tynemouth like, me and the mrs have bought a house there just waiting for completion it’s a lovely area and with the grand hotel
Getting weddings etc you would always have desire for people wanting to stay all year round. It’s not too far when your home to watch the lads also or Durham cricket for that matter.
Also I can stick the in laws there when they come up
You could pick a 2 bedroom flat in tynemoutu for around £300k same as cullercoats at the moment if you go a tad further out to North Shields etc would be a bit cheaper but still a big demand.yeah it’s possible mate
never had a base in th north east so be nice to be closer to my folks now they are older
I could Probs afford tynemouth but would take up a lot of my savings, would like to hold some back in case things turn to shit
I’ve heard Whitley Bay is upcoming, it was on a big conde article in America and cullercoats obviously near tynemouth
what do you reckon to those places? Any demand? I looked on Airbnb and there are a few with loads of reviews and often booked up