Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | STR Revenue Management EP131: Airbnb Regulations in London Explained
Feb 27, 2017
25:55
This week, Jasper is chatting with Marc Figueras, the CEO and Co-founder of KeyNest, a smart key exchange service with a network of locations across London where Airbnb hosts and property managers can securely store their keys.
Marc explains the specifics of the regulations particular to London as well as the options available to Airbnb hosts in the face of these newly enforced restrictions. Find out more about how Airbnb’s image has affected the rules and what you can do to stay on the right side of the law!
Topics Covered
How Parliament changed the rules in January 2015
•Allowed for short-term lets without planning permission
•Limited to 90 nights per calendar year
Airbnb’s self-enforcement
•The rules haven’t been enforced because it was up to local councils
•Hotel lobbies have pressed the new mayor
•Airbnb agreed to self-enforce, but only for those hosts who are renting out an entire home
•When the restrictions go live this spring, the Airbnb site will no longer allow bookings after the counter on a listing hits the 90-day limit
The legal options for Airbnb hosts
•Sell and move to a different market
•Initiate the long and costly process of changing your permission from residential to commercial
•Host for fewer than 90 days
•Pursue long-term lets of 91-plus days
The danger of circumventing the rules
•Though listing on different platforms is an option, it is still illegal
•Listing an entire house as a private room or creating new Airbnb accounts may result in having your account banned
•Hosts are dependent on the platform for customers, so damaging that relationship is unwise
How Airbnb’s image can be restored
•Return to the original model of private residents using the platform to make extra income and meet new people
•The community itself must be vocal about the positive aspects of the service
The KeyNest service
•Network of cafes and convenience stores for secure key drop-off
•35 London locations
•£5.95/key collection or £14.95/month
Connect with Marc
keynest.co.uk
Connect with Jasper
Email: jasper@getpaidforyourpad.com
Twitter: @GetPaidForUrPad
Instagram: @GetPaidForYourPad
Facebook: www.facebook.com/getpaidforyourpad
This episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests!
Marc explains the specifics of the regulations particular to London as well as the options available to Airbnb hosts in the face of these newly enforced restrictions. Find out more about how Airbnb’s image has affected the rules and what you can do to stay on the right side of the law!
Topics Covered
How Parliament changed the rules in January 2015
•Allowed for short-term lets without planning permission
•Limited to 90 nights per calendar year
Airbnb’s self-enforcement
•The rules haven’t been enforced because it was up to local councils
•Hotel lobbies have pressed the new mayor
•Airbnb agreed to self-enforce, but only for those hosts who are renting out an entire home
•When the restrictions go live this spring, the Airbnb site will no longer allow bookings after the counter on a listing hits the 90-day limit
The legal options for Airbnb hosts
•Sell and move to a different market
•Initiate the long and costly process of changing your permission from residential to commercial
•Host for fewer than 90 days
•Pursue long-term lets of 91-plus days
The danger of circumventing the rules
•Though listing on different platforms is an option, it is still illegal
•Listing an entire house as a private room or creating new Airbnb accounts may result in having your account banned
•Hosts are dependent on the platform for customers, so damaging that relationship is unwise
How Airbnb’s image can be restored
•Return to the original model of private residents using the platform to make extra income and meet new people
•The community itself must be vocal about the positive aspects of the service
The KeyNest service
•Network of cafes and convenience stores for secure key drop-off
•35 London locations
•£5.95/key collection or £14.95/month
Connect with Marc
keynest.co.uk
Connect with Jasper
Email: jasper@getpaidforyourpad.com
Twitter: @GetPaidForUrPad
Instagram: @GetPaidForYourPad
Facebook: www.facebook.com/getpaidforyourpad
This episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests!
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