Profits take flight with Airbnb
The latest peer-to-peer accommodation booking platform means tourist traffic and profits are increasing for short-term rentals - but investors reaping the rewards do have obligations.
Wednesday, January 20th 2016, 9:00AM
by The Landlord
Holiday rental website Airbnb is disrupting the way holiday homes are let worldwide.
Here in New Zealand it’s opening up a new avenue for investors: milking yield from spare bedrooms in their own homes as well as finding a new pool of tenants for their baches.
The website, which lists millions of spaces around the globe, allows private home owners to compete with hotels by offering rooms for rent on a nightly basis.
Making money from bach rentals isn’t new, and many landlords let rooms or sleep-outs to boarders or overseas students.
However, Kiwi investors who are using Airbnb and other similar websites report are receiving hotel-like rates for their spare rooms – which makes even the family home an income-earning, tax-deductible proposition.
In the latest issue of NZ Property Investor magazine, we look at the rights, responsibilities and rules involved with maximising the use of a property through websites like Airbnb.
To read the full story on using Airbnb for short-term rentals, click here to get the digital issue of NZ Property Investor magazine.
Subscribe to NZ Property Investor magazine here to get great stories like this delivered to your mailbox every month.
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