Today, Rob takes us round a serviced apartment in Manchester city centre to show how a property like this should be furnished and how the serviced model works. But the main draw of this flat is the location. If you are thinking of investing in serviced accommodation or corporate buy to let the location is something you absolutely have to get right.
In Conversation With Paul Winder from Residential Estates
In this series on investing in serviced accommodation Rob and Paul from Residential Estates discuss what serviced accommodation is, how it differs from short-term stays, the type of team you will need for this strategy and most importantly, why the returns from the serviced model are so much higher than with other types of buy-to-let.
We all know that the returns, when you’re investing in serviced apartments, are fantastic. Today we look at other benefits, including a better tenant profile, an easier exit strategy and the guarantee that your apartment will be kept in a good condition.
A rental guarantee can take many forms. It might be an insurance product, it might be tied to the value of the property, it might be something offered by a letting agent. The truth is, some rental guarantees are worth having, but most are not. The trick, as always, is to know exactly what you are signing up for and why it is being offered in the first place.
The bottom line is that, if your employees travel a lot, a serviced apartment is a lot more cost-effective than a comparable hotel. But more than that, they are more convenient and they are more comfortable for your employees who will be happier in their own space and more productive in their work.
If you are thinking of investing in serviced accommodation then you have probably found yourself wondering exactly what kind of property you need to buy. The good news is that your research into your tenant profile and a good location will almost certainly make that decision on your behalf.
Do want to start making money from serviced accommodation but are unsure which location is going to give you best returns? Today Rob and Paul discuss the best places to invest and ask whether size really matters when you are deciding where to invest your capital.
As you’d expect the agreements that need to be in place for the serviced accommodation investment model are a lot more complicated than with other types of buy-to-let. Today Rob and Paul discuss tenants, tenant profiles, tenancy agreements and contracts that Residential Estates use with their investors and landlords.
As we’ve covered in a previous article the returns on serviced accommodation can be fantastic. But, managing a serviced flat involves a lot of planning and a lot of work. Today Rob and Raul Winder from Residential Estates look at 3 common problems that landlords face when they’re trying to break into the serviced market.
Furnishing a corporate let is a very different process to furnishing other types of buy to let. Today Rob and Paul discuss adaptable furniture packs that will satisfy the changing needs of your clients and mean that you will have to spend less time yourself, choosing what needs to go into your property.
A recent ruling has placed restrictions on homeowners from renting out property through Airbnb in London. Today Rob and Paul Winder from Residential Estates discuss how this ruling might or might not affect the serviced accommodation model in Manchester or elsewhere in the UK.