Kilmainham Apt
Registered User
- Messages
- 16
Hi Everyone
Usual story, bought apt in boom, then had family, rent doesn't nearly cover mortgage and expenses so its nearly crippled me carrying this apartment for the last 10 years and I'm still in negative equity. I haven't put the rent up in 5 years as I had good tenants so was feeling guilty and now I can't get more then 4% more even if I rent it privately again, so it seems you get punished for not being a greedy landlord. BTW tenants moving out of own accord so not leaving them homeless.
So am thinking of going the Airbnb route as having researched it looks like I'll make a nice profit on it if I manage it myself, but I'm wondering should I tell the management company? I've no idea if anyone else in the complex rents short term. Also does anyone have any advice on insurance for short term letting. I know there's lots of stuff in the press about Bord Pleanala etc and just wondering is it now too difficult with all the obstacles to even try Airbnb? Any advice from people who went down this route much appreciated, just wondering if this area is going to be completely over saturated now.
Usual story, bought apt in boom, then had family, rent doesn't nearly cover mortgage and expenses so its nearly crippled me carrying this apartment for the last 10 years and I'm still in negative equity. I haven't put the rent up in 5 years as I had good tenants so was feeling guilty and now I can't get more then 4% more even if I rent it privately again, so it seems you get punished for not being a greedy landlord. BTW tenants moving out of own accord so not leaving them homeless.
So am thinking of going the Airbnb route as having researched it looks like I'll make a nice profit on it if I manage it myself, but I'm wondering should I tell the management company? I've no idea if anyone else in the complex rents short term. Also does anyone have any advice on insurance for short term letting. I know there's lots of stuff in the press about Bord Pleanala etc and just wondering is it now too difficult with all the obstacles to even try Airbnb? Any advice from people who went down this route much appreciated, just wondering if this area is going to be completely over saturated now.
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