We’re always interested in ways that property owners make money from their investments, so this news story caught our eye. Airbnb is one of the most convenient ways for homeowners to make money from their properties in the short term, as they can rent out rooms or entire homes to travellers who want affordable accommodation. However, despite its convenience, there can be pitfalls to letting your property in this way, as one California homeowner found out recently.
In May this year, Cory Tschogl rented her Palm Springs condo to traveller Maksym Pashanin for an agreed period of one month – the problem was, at the end of the month, he refused to leave. As he had been in the property for a month, he was protected as a tenant under California law. She now faces a lengthy and expensive eviction process to get the squatter to leave. The lesson here is that if you’re thinking of letting your property, be sure you always know your legal rights – and if you’re advertising a property on Airbnb, make sure to read reviews of the prospective tenant and find out all they can about you before allowing them to occupy your premises.
At Finefair we have plenty of experience with lettings and are always up to date with the latest property laws and legislation in London and throughout the UK . We can advise you on all your legal rights and obligations, meaning that when you are purchasing or managing a rental property of any kind we will always be on hand with the help you need for successful and hassle-free process. On top of this, we can also provide outstanding estate or block management in Barking and Dagenham, Hammersmith and Fulham, Westminster and all other areas of London to make sure your property is always well looked after.