VALUATION

Don't Get Caught Short by Subletting

   Christmas is a prime time for short and holiday-style subletting but would you know if your rental property was being sublet by your tenant? 

Subletting has been a scourge of the rental sector for years and now tenants have a new way of beating the system to make some extra income. Airbnb and other ‘super’ short let/holiday let websites are pretty unscrupulous when it comes to taking on properties, not checking if the lister is actually the property owner. We know landlords that are most at risk of their tenants sub letting are those that opt to self manage – without the assistance of a professional property manager.

Subletting over Christmas is a hot topic, as many tenants will be away from the property they rent for extended periods – whether they are students returning home for some festive hospitality or they’re high-end renters off to spend two weeks skiing in Courchevel. Their absence presents the perfect opportunity for holiday lets – opening the door for unvetted people to move in to your property and potentially cause damage (or even refusing to move out).

Aspire’s professional property managers are trained to spot signs of sub letting during our year-round property inspections. We notice things a landlord may overlook or never even see if they live a distance away from the buy-to-let or are too busy to visit in person. If you’re a landlord already using Aspire and you’d like to order a Christmas property inspection to check all is well, please contact us today. Likewise, if you’re a landlord looking for an agent who has your best interests at heart, open a conversation with our lettings team.