SA - Serviced Accommodation is fully furnished properties which are available for both short or long term let. This type of accommodation may also offer facilities similar to those offered by hotels.
Unlike single buy-to-let, with Serviced Accommodation you let your property out to ‘guests’ rather than ‘tenants’ for anything between 1-2 nights and up to 3-6 months. Serviced Accommodation often fills the gap for those ‘tenants’ that are not able to sign a six month tenancy agreement, but don’t want to stay in a hotel room for three months e.g contractors working on a project.
FINAL THOUGHT - Serviced Accommodation can be very profitable if your property is in a prime location especially if hotels are either scarce of expensive. A lot of people do not want to stay in a hotel room for a long period of time, they want to be able to have their home comforts away from home e.g. to be able to cook a meal, and watch Netflix. A hotel room for one or two nights is great, but for one or two weeks/months it is not great. Is Serviced Accommodation right for you?
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