Mark Simpson says short-term letting is brutal and anything but passive income. It's a 24/7 business where you can't switch off because of reviews and constant operational demands. The industry requires toughness and continuous availability.
Chapters
Is there anything which your perception of hospitality or, you know, sort of Airbnb or of serving has changed since the early days? Is there anything which you thought your views have changed on hospitality or anything like that since. Since the early days?
Yeah, my. My perception of it, yeah, definitely. I don't think that the term passive income should ever be used in the same sentence or paragraph as short term letting or probably even property in general, because it's anything but. This industry is brutal. You've got to be. You've got to be hard as n just to kind of get through the, you know, reviews and things. So it's 247 business, as you'll know. And it's one of the hard things is that you can't really switch off.