Why invest in Serviced Accommodation?
Increased Income
In terms of the investment return, renting out a two-bedroomed apartment to holidaymakers can produce an eye-catching income of between £12,000 £15,000 per annum. Larger properties can average up to £30,000 a year gross. Some of our landlords have seen a increase in their rental income of over 150% in the first six months!
Flexibility
The benefit of serviced accommodation as a property investing strategy is that you can do it in everything from studio apartments to large detached houses.
Tax benefits
If you operate under the “furnished holiday letting” rules, you can offset all expenses including full mortgage interest against the rental income. Running a serviced accommodation business is treated by HMRC in the same way as any trading business, so losses can be carried forward and offset against future profits. Furnished serviced accommodation also qualifies for entrepreneurs’ relief.
Our Serviced Accommodation Management Service
Expert search optimisation of your self catering accommodation on various portals including Airbnb & Booking.com and also our own unique website rentmyhouse.co.uk which carries one of the most desirable URL’s in online property lettings searches. Where required we can also include photos by a professional photographer to ensure your property stands out even further and all accommodation descriptions are tactically written to directly target specific markets.
24/7 Key Exchange & Check-In
We’ll handle check-in and key exchange for all bookings and we offer full flexibility, guests will be able to check-in 24/7
24/7 Guest Support
We handle all guest communications on your behalf, end-to-end. Guests have 24/7 access to a local contact to assist them promptly and professionally with any issues which may arise.
Professional Cleaning
Professional hotel standard cleaning following every stay, ensuring your property is looked after and always at its prime. We’ll spot any day-to-day maintenance needed and can even deal with this on your behalf, a completely hassle-free experience.
Clean Linen and Towels
Hotel standard linen and towels for each and every stay, clean and crisp, every time. These will always be replenished to ensure a smooth and great experience for guests which means great reviews for your property.
Property Lettings & Management
In addition to serviced accommodation and short term lets, we are able to use our extensive experience of traditional lettings (assured shorthold tenancies) to offer for the following services for property lettings and management:
Accompanied viewings
Tenant vetting
Tenancy agreements
Inventories
Rent collection
Routine inspections
Maintenance management
Final inspections
Key holding and out of hours support
Accommodation Sourcing
Using our vast property experience we also assist corporate and holiday let clients with relocation projects by providing quality Serviced Accommodation. We also work with the local authority, large companies, Armed Forces Personnel and the NHS to provide suitable accommodation to consultants and staff who are here working on short term interim contracts. We meet with the individuals on each occasion to understand their needs in respect of location, budget, amenities etc and then from there we are able to source suitable options either using our own portfolio, existing client’s properties or new instructions utilising our local contacts.
Below are just a couple of examples of testimonials from our landlords and guests.
I am a single professional female working in Hereford on a flexible contract and required serviced accommodation for this period of time whilst away from home. Due to the distance from home I travel by train and required accommodation in walking distance of work in central Hereford. I originally viewed a property from rentmyhouse and although it was lovely it was not in the right geographical location.
However Mike and Carey took my details and took the time and trouble to ascertain my requirements both in terms of geography and importantly for me safety. I needed a property that provided me an all in package in respect of furnishings , household equipment , washing machine and utilities. I had really struggled to find anything suitable in the locality.
Subsequent to our discussions Mike and Carey sourced me a two bed flat meeting all my requirements and fitted it out to a high specification in an extremely quick turn round time. It has been thoughtfully fitted out even down to pictures on the wall and cleaning products.
With a weekly comprehensive clean, change of bedding and towels the service has been first class and the accommodation excellent.
This accommodation and service makes living away from home and a busy job manageable and stress reducing knowing that all my creature comforts are there and I have a home from home that friends and family can stay over in and enjoy the local area.
Beyond the accommodation Mike and Carey are friendly but professional and I am confident that should I need anything they would be on hand and respond quickly and efficiently . Equally they are not overbearing and leave you to get on with it safe in the knowledge that they are a phone call or email away.
I have been more than satisfied with the quality of accommodation and the friendly emphatic service and would highly recommend rentmyhouse especially for professionals requiring short term serviced accommodation
Ms LRentMyHouse have recently taken over the management of our rental property and they have exceeded our expectations. The team at RentMyHouse are extremely professional, efficient and knowledgeable with regard to all aspects of managing our property and its bookings.
So far, we have seen an increase with our monthly rental income through RentMyHouse more than what we used to achieve through a long term let. We are really pleased with how bookings have gone so far and never thought that the first two months would have done as well as they have.
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