Airbnb vs Airbnb Agent vs Letting Agent

Airbnb vs Airbnb Agent vs Letting Agent

There’s absolutely no doubt that the success of Airbnb and Airbnb agents has completely changed the landscape of the Edinburgh lettings market. It’s a fantastic business model. Allowing users to capitalise on their property by renting their spare room, it’s an easy way to make some extra money. The website that was originally designed to rent […]

Short Term or Holiday Let – is there a difference?

Short Term or Holiday Let – is there a difference?

The Council does not seem to have a clear policy regarding short term lets. Factotum are concerned that landlords are getting confusing advice from council workers. They seem to have advised some of our landlords that a tenancy longer than a month would represent the tenants’ only or main residence, adopting HMRC’s definition of 31 days […]

Tenant or Licensee?

Tenant or Licensee?

The majority of people who rent residential accommodation are tenants, but some are in fact a licensee. Firstly – what is the difference? Licensees are common in establishments where the employee is granted accommodation as part of the employment package. For example, educational establishments. A licence rather than a tenancy is seen as a way […]

Generation Z – The Accommodation Crisis

Generation Z – The Accommodation Crisis

Generation Z, also known as the post-millennials or the iGeneration, are rapidly approaching adulthood. Born from 2000 onwards, they are getting ready to take their exams, leave the family home and head to university. They’ll enjoy their 18th birthdays in 2018. Around the time the new Private Rented Tenancy (PRT) comes into force in late […]

A Fresher Perspective on Property

A Fresher Perspective on Property

Laura Gillies started working at Factotum during her gap year. We thought it would be interesting to hear her property perspective after a year in… After leaving school in July 2015, I decided to take a year out and get a job before starting university. Earlier in the year, my parents had decided to rent their New Town […]