Air bnb

[Bruce Almighty]

We have a rented out 3 bed barn conversion that is shortly due to become vacant.

The departing tenants are good friends who have been there over 8 years & are finally buying a place of their own.
The barn is in a working dairy farm & next to our houses.

We could probably re-let for about £1000/month quite easily in this area.

I wondered if letting it as a holiday let or air bnb may be better, I realise there is a lot more work involved. We are in between Stratford on Avon and Warwick so ideal for tourists and we have motorway access 2 minutes away.

 

[Ashman]

To be fair I would have the £1000 per month. It's a lot of work B and B keep it simple.

 

[wilber]

depends how much more its going to earn you? what's the competition charging in the area? Personally on a working farm id just want a decent tenant.

 

[Still Farming]

We always get allsorts wanting to book or rent and wonder is it worth it ?
Genuine holiday persons fab but the rest out there ????

 

[wasted years]

Depends what you think the income would go up to from where it is now, I would suggest you would need to double it to cover cleaning, heating, council tax etc?

 

[JCMaloney]

Its a lot more work in terms of cleaning, maintenance etc than a good tenant. Then factor in the working farm bit...... with holidaymakers/tourists you`ll have all kinds of wandering!
We have used a lot of AirBnB places and everyone has been spot on and comparatively cheap.
3 bed cottage in Nairn - £50 a night self catering.
2 bed flat in Edinburgh - £60 a night self catering (during the Festival!).
1 bed apartment in Bothel (Cumbria) - Self catering - £35 a night self catering.

 

[wasted years]

Its a lot more work in terms of cleaning, maintenance etc than a good tenant. Then factor in the working farm bit...... with holidaymakers/tourists you`ll have all kinds of wandering!
We have used a lot of AirBnB places and everyone has been spot on and comparatively cheap.
3 bed cottage in Nairn - £50 a night self catering.
2 bed flat in Edinburgh - £60 a night self catering (during the Festival!).
1 bed apartment in Bothel (Cumbria) - Self catering - £35 a night self catering.

What were you searching for when 'Bothel ' came up?

 

[JCMaloney]

What were you searching for when 'Bothel ' came up?

Just wanted somewhere near The Lakes/Carlisle .... never heard of the place till then. Nice little village, nice pub, nice folk and cheap as chips!

 

[wasted years]

Just wanted somewhere near The Lakes/Carlisle .... never heard of the place till then. Nice little village, nice pub, nice folk and cheap as chips!

Just pulling your leg, thought you might have mis typed Brothel.

 

[deleted user 837354]

Just pulling your leg, thought you might have mis typed Brothel.

So cheap at those rates near giving it away!

 

[Hilly]

Got similar dilemma, Holiday let job seems alot of work for nothing looking from the outside.

 

[Still Farming]

Lots also in press where people book through said site and then sublet and or cases were "other thing's" have been run from premises alledgedly ???
Take care out there?

 

[wasted years]

So cheap at those rates near giving it away!

Even better at Cockermouth, better watch What I say I married a W. Cumbrian girl.

 

[Timbo]

Don't forget if you are going to Holiday Let it, you have the initial (and ongoing) fair cost of completely furnishing the place, appliances, beds, mattresses and linen etc as well as facilities to launder (or pay a laundry company.

As far as furnishing suitable for Let, knotty pine and hand-me-down sofas etc etc will NOT cut the mustard.

Having done both- I would go back to an AST without any hesitation on as long-er let as you can find a tenant to sign for. (upto 4yrs) You haemorrhage money literally every minute the place is empty.

 

[Hilly]

Just looking at holiday cottage sites, its a holiday makers market, flooded with property's ?? looks cheap holiday alot of them.

 

[Still Farming]

Don't forget if you are going to Holiday Let it, you have the initial (and ongoing) fair cost of completely furnishing the place, appliances, beds, mattresses and linen etc as well as facilities to launder (or pay a laundry company.

As far as furnishing suitable for Let, knotty pine and hand-me-down sofas etc etc will NOT cut the mustard.

Having done both- I would go back to an AST without any hesitation on as long-er let as you can find a tenant to sign for. (upto 4yrs) You haemorrhage money literally every minute the place is empty.

Unless you have planning conditions on lettings ?

 

[JCMaloney]

Seen some real horror stories in the press from sub letting to others to house parties & knocking shops and it is easy to see why. Every place we`ve booked has just had a lockbox for the key and thats it. Luckily we are decent folk, as all our hosts have been, but it could easily go wrong easily from both sides. Maybe they need a feedback type thing like evilbay that goes both ways? Not sure if customer rating is only viewable to hosts??

£90 a night for a 2 bed (you might know it!)
https://www.airbnb.co.uk/rooms/30453159?location=Warwick&adults=3&guests=1&s=aJRuJH_5

Less fee`s then add cleaning, laundry, wear & tear, possible issues around a working farm and some good tenants begin to sound a much better option.

 

[Bruce Almighty]

Seen some real horror stories in the press from sub letting to others to house parties & knocking shops and it is easy to see why. Every place we`ve booked has just had a lockbox for the key and thats it. Luckily we are decent folk, as all our hosts have been, but it could easily go wrong easily from both sides. Maybe they need a feedback type thing like evilbay that goes both ways? Not sure if customer rating is only viewable to hosts??

£90 a night for a 2 bed (you might know it!)
https://www.airbnb.co.uk/rooms/30453159?location=Warwick&adults=3&guests=1&s=aJRuJH_5

Less fee`s then add cleaning, laundry, wear & tear, possible issues around a working farm and some good tenants begin to sound a much better option.

That one's the other end of our village !

Thanks for the advice, we'll stick with letting as normal I think

 

[Campbell]

It seems to me that if you set out to capture the high end holiday let market then it really is worthwhile. I know several 2/3 bedrooms lets, in modest locations but they provide a great service with all 'mod cons' and occasionally allow pets. They are hardly ever empty and turnover around £30k/yr. Got to put the time in though.

 

[stretch3050]

We’ve just started letting our cottages through Airbnb and we are very impressed so far, nice people coming to stay, make sure your not the cheapest and you’ll get good guests!

https://www.airbnb.co.uk/rooms/30918217?s=51