Blog Post No. 150
Investing in Short-Term Rental
24/03/2023
Episode 6 | Investing in Short-Term Rental
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Are you curious about the pros and cons of investing in short-term rentals? This week on the Word From the Street series, our panel of top agents will weigh in on this popular investment strategy.
Investing in short-term rentals can be a grey area. In prime central London, local authorities prohibit renting for more than 90 days per year, and building managers may prevent it due to insurance issues. The best short-term investments may be the basements, which are cheap to buy and maintain. However, more management is involved in cleaning and maintenance, and taxation can be higher. While short-term rentals may come with some challenges and risks, there are still opportunities to profit if you approach them cautiously and diligently.
The Word From the Street is a series featuring real estate agents giving advice on property needs. We cover a wide range of topics, such as how to find the right property, how to negotiate the best price and how to prepare a property for sale. Each real estate agent is giving their unique perspective and expert advice. The series is targeted to a wide audience, from first-time buyers and sellers to experienced investors.
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