top of page
What is serviced accommodation?
Serviced accommodation, also known as short-let, holiday-let, Airbnb or furnished accommodation, refers to fully furnished properties available for short-term stays. Unlike traditional long-term rentals, serviced accommodations cater to travellers, business professionals, and individuals seeking temporary housing solutions. These properties typically offer hotel-like amenities, including housekeeping, Wi-Fi, and fully equipped kitchens, providing guests with a comfortable and home-like experience.
Why Do Property Investors and Landlords Like Serviced Accommodation?
Elevated Cashflow
Serviced accommodation often commands higher nightly rates compared to traditional rentals, leading to increased monthly revenue for property investors.
Business Travellers
The corporate appeal of serviced accommodation makes it a preferred choice for business travellers, leading to consistent bookings and reduced void periods.
Flexibility and Control
Investors enjoy the flexibility to adjust pricing based on demand, ensuring optimal returns. Additionally, they retain control over their property's availability and use
Diversification of Portfolio
Including serviced accommodation in a property portfolio provides diversification, reducing reliance on a single rental strategy and mitigating risks.
Benefits of Serviced Accommodation
Higher Rental Yields:
Serviced accommodation often yields higher returns per night, resulting in a more lucrative investment compared to traditional rentals.
Professional Management Services
Partnering with a professional property management company, such as Valore Property Services, can streamline operations, handle guest interactions, and ensure a hassle-free experience for property owners.
Flexibility for Owners
Property owners have the flexibility to use their property for personal stays when not booked, providing a unique advantage.
Adaptability to Market Trends
The serviced accommodation model allows investors to adapt quickly to market trends and adjust pricing strategies based on demand, maximising profitability.
How Can I Start Investing in
Serviced Accommodation?
Research and Education
Begin by understanding the serviced accommodation market. Attend workshops, read industry publications, and stay informed about the latest trends.
Property Setup
Furnish your property to a high standard, focusing on modern amenities and comfort. Consider the needs of your target audience, whether business travellers, tourists, or families.
Location Selection
Identify strategic locations with high demand for short-term stays, considering factors like tourism, business centres, and local events.
Legal Compliance
Familiarise yourself with local regulations and legal requirements for short-term rentals. Ensure your property adheres to safety standards.
Marketing and Branding
Develop a strong online presence through professional photography, a user-friendly website, and effective use of online platforms. Utilise social media and online advertising to reach your target audience.
bottom of page