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All Topics / Help Needed! / Can i buy a city apartment and lease it as a serviced apartment?
Hi guys, This may have been asked but im having difficulty locating info! So i work away on a 4 week on 1 week off roster! In and out of melbourne. I have been looking at buying an apartment in fitroy and thought i could possibly lease it as a serviced apart while im away! Any thoughts???
So my questions are : Could i do this? is it a viable option? What services would i need to provide? Do i have to find someone to manage for me or would an estate agent do this?
a) does it contravene your by-laws for the block of units?
b) do you need to get council approval? Plenty of areas require specific approval to stop houses being leased out for parties/holidaymakers etc.
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