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We are barely into spring but the annual summer short-term rentals spin-fest, postponed for a couple of years by Covid-19, is cranking up already. On
[See the full post at: ‘Dob in B&B breachers’ plan could boost housing]The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.
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When allowing for vacancies, not knowing much about your “guests” and general management hassles, is B&B really worth the pain when, if you a picky with tenant selection, you are likely to keep the chosen one indefinitely ticking over quietly?
What if short term lettings were allowed but owners could only charge the same amount as their property would rent for per week (divided by days stayed) So an owner could not rent their place out per night for the amount they would normally receive per week.
I can see why people find short term letting beneficial if they can make double or more money a month. But if they couldn’t, perhaps having a long term tenant with regular income would be a better option.
Plus short term rentals at the “set” prices would allow those between homes (floods, fires, buying, selling) or those who need somewhere to stay while getting a Reno (eg new bathroom) to afford somewhere to stay temporarily. Therefore not just reliant on holiday makers/travellers.
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