Are landlords moving to Airbnb
We discussed this topic a few months ago on social media following an increase in requests for us to help landlords remove tenants, to allow them to list their properties on Airbnb. It seems that here at Evict My Tenant Limited are not the only ones noticing landlords, especially in London and Manchester switching their letting strategies. A report from The Residential Landlords Association (RLA) claims that they have also found a trend in landlords switching to Airbnb and that this trend will mean fewer homes for rent, exacerbating the housing shortage. If this was to be the case of course it would lead to further increases in rent as demand shows no sign of reducing, particularly in London.
Interestingly it seems that Airbnb have disputed these findings and denies that a growing number of its clients are landlords.
The RLA says 41% of properties advertised on Airbnb in the capital are multiple listings – in other words involve one owner advertising several properties. If this is the case how can Airbnb dispute this fact?
I am no expert but talking to letting agents and landlords that we work with, there appears to be tax advantages for landlords who rent out their properties as short-term holiday lets, rather than rent them out with long tenancy agreements.
Speaking to one of our Landlords who is based in Manchester it seems that a landlord could use Airbnb to rent out properties for more than three months and so to avoid certain planning regulations and tenancy agreements.
It seems that our government are not as quick to close the Airbnb loop hole as other countries have already put in place tougher regulations to counter the trend. Our government needs to act quickly before more tenants are put in potentially vulnerable situations as they will be without the protection of a tenancy agreement.
Maybe we should be taking a leaf out of Berlin’s book who have passed laws which limit the likes of Airbnb to renting out rooms, rather than whole flats or houses. Would this stop the creativeness of a particular type of landlord?
Of course Airbnb have responded to the report claiming the evidence is incorrect saying there is no evidence that those letting out properties for more than three months did not have planning permission, adding while some properties may be “available” for longer periods, they are often actually rented out for shorter periods. But is this just down to current demand as demand increases the period of rent will get longer?
A concern that I have thought about. Could your tenant be sub-letting your property via Airbnb? Is it worth as a landlord checking on their website to see if your property is listed?