This week, Samuel Leeds gave US a very helpful video from his home town in Lichfield city centre!
He told us the 3 things YOU need to CONSIDER when you buy a property to rent as (SA) Serviced Accommodation!
Serviced Accommodation is a strategy that can generate thousands of pounds PROFIT each month!
If you are renting out a property for Serviced Accommodation purposes, the location you do this in is CRUCTIAL!You need the correct location for market, and be in the right area!
This area also doesn’t have to be touristy – so long as there are people that work, there are jobs and community, it’ll work perfectly fine!
Is the property accessible?
Your property needs to be in an area and a position where you can systemize it! There is no reason for you to need an HMO Manager! Sound good?
And even better, you DON’T need to be the person who lets your guest in! You can get a KEY SAFE for your property.
‘Rent a car park out, and put the key safe there!’From that tip alone, Samuel has made THOUSANDS!
Also remember – make sure the rooms in your property are SELF-CONTAINED!
You need to make sure that, if you are LEASING a property/apartment, that the lease hold DOESN’T forbid you leasing it out as Serviced Accommodation.
Good video? Well, there’s alot more where that came from!
Head over to Samuel Leeds YouTube channel and subscribe to keep updated with ALL property, crash course and personal development videos! > https://www.youtube.com/channel/UCS6SES6btXx2tVFzWy4oToA?sub_confirmation=1