Does anyone have any experience of letting out a room or apartment via AirBnB?
I know the legal status of AirBnB was recently ratified in Japan: http://fortune.com/2017/06/09/airbnb-legal-in-japan/
Although apparently you can only let the property out for 180 days a year, and you have to register with the local authorities.
I wonder whether your mortgage provider would also need to know about it..?
I'd love to hear from anyone who has any experience with AirBnB.
Cheers!
Passive income from AirBnB?
Re: Passive income from AirBnB?
They just tightened up a lot of the rules on it so you may want to check that out:
http://tsite.jp/r/cpn/airbnb/laws/03.html
Worth noting local government can further curtail it so check that out too. You need to do a bunch of stuff including registering and reporting.
I've not read too deeply into it but if you're the owner I don't think you need to report to your mortgage provider.
I don't think I'd go as far as calling it passive income since there's a bunch of work involved in it
http://tsite.jp/r/cpn/airbnb/laws/03.html
Worth noting local government can further curtail it so check that out too. You need to do a bunch of stuff including registering and reporting.
I've not read too deeply into it but if you're the owner I don't think you need to report to your mortgage provider.
I don't think I'd go as far as calling it passive income since there's a bunch of work involved in it
Re: Passive income from AirBnB?
With the 180 day max requirement does it make more sense to lease it out long term instead of AirBNB or can their rates cover an entire year in comparison?