PHOTO: Homeowners may face costs and risks that should be considered before renting their space out. Source: 1 NEWS
A property expert is warning New Zealanders to do their homework before renting out properties on Airbnb, a move many will be thinking of with a number of big events coming up in the country.
The America’s Cup and perhaps APEC in 2021, and Sir Elton John’s farewell tour next February will be making people think putting their pad on Airbnb might be a stellar idea to make some significant cash.
But beware, there’s a lot too consider, Seven Sharp cautioned.
Crockers chief executive Helen O’Sullivan says first on your checklist should be, where are you going to relocate to and what’s it going to cost you?
“The rates we were seeing in Auckland, even at high peak, were about the same cost as a hotel room somewhere else,” she said.