If you’re buying a beach house and planning to rent it out or Airbnb it when you’re not using it, there are some things you might want to consider:

1. If you are going to rent the property out – make sure that it complies with the healthy homes standards. If not, consider how much it might cost you to make it compliant.
2. If you are going to rent it out with Airbnb, you don’t have to comply with the health homes standards.
3. Either way, you might want to consider how difficult it might be to manage the property if you live a couple of hours drive away from the property. Think damage, parties, meth use or production, and cleaning up at the end of each stay.
4. Consider additional costs for operating an Airbnb. Some councils increase rates for temporary accommodation arrangements like Airbnb.
5. You will need to make sure that you obtain insurance that covers you if your Airbnb or rental tenant damage the property.
6. Again, get yourself some tax advice.
7. Finally, if you are renting, make sure you know your obligations as a landlord and how you can go about legally ending the tenancy.

We’re open again from 6^th January to help you with your property purchases and conveyancing needs. We can also help you with ownership structures, negotiating property sharing agreements, succession planning, and any disputes that might arise.

Joanne Dickson