Profits take flight with Airbnb

Wednesday 20 January 2016

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.

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.

Comments from our readers

No comments yet

Sign In / Register to add your comment

House Prices

Is the market resurgence coming to an end?

Steady declines in value growth are becoming evident – as QV’s latest data reveals – and that suggests the housing market’s resurgence could be coming to an end.

Commercial

Augusta Capital takeover bid now unconditional

ASX-listed Centuria Capital has declared that its takeover of New Zealand property funds manager Augusta Capital is now unconditional, as it has secured nearly 66% of Augusta’s shares.

Mortgages

Mortgage deferral programme to be extended

Reserve Bank governor Adrian Orr says the mortgage deferral programme will be extended beyond September, as the Covid-19 pandemic regains a grip on New Zealand.

Site by PHP Developer