Part 5/8:
To increase profitability, I have considered raising the nightly rate from the current £109, but feel that it's already fairly priced. Alternatives like installing solar panels have been on my radar to potentially mitigate heating costs.
The Future of My Airbnb
Considering the future, I envision three primary options:
Continue Renting - Gradually pay off the mortgage, adopt solar panels, and depending on Airbnb success, potentially earn around £20,000 annually.
Transforming the House - Keep the house but shift its purpose into a growth factory, although legal hurdles might complicate this path.
Sell the Property - Liquidate the house and invest the proceeds in Bitcoin or another venture.