Think again: You really want your tenants to live in your neighbourhood? They will be at your doorstep day and night.
OMG - someone should introduce them to Post-it notesā¦
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In clever management, accounting and reporting, tenants sign a contract with a grey real estate company. Tenants donāt need to know the person(s) behind the business and they donāt need to know the real estate company may be managing a single rental property.
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We have an Airbnb operating on our development in Scotland, itās recently been refused a licence on the grounds itās a secure gated development where owners use a keypad to get in through the gates (owners have electronic key fobs for this) then the apartment building itās in has another keypad entry system. Our deeds say there are no commercial vans permitted in the car park, but the owner is renting it to trades persons working in the area. Council said an Airbnb is contravening some law or another in Scotland.
He works away as a civil servant, sends obnoxious emails to the other owners via his official email address thinking heās being big, āIāve had legal adviceā etc. Another reason Iām glad Iām not there most of the time, itās getting ugly and I donāt want to be involved, I donāt see the Airbnb or the car park from my house.
Heās got 6 months to appeal the licence issue, but the LAās in Scotland are dismissing appeals. It just means he can rent it out for a bit longer until any appeal is heard. Heās also put a CCTV up which is not permitted and has furniture out on the landing to make it like a reception area, heās been told this is a fire hazard by the Factor (management company) but says nobody is going to tell him what he can and cannot have on his landing.
When the owners are investment funds or pension funds etc. Private owners usually prefer to cut out the middleman.
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