This week we’re talking about one of the hottest topics in property investment: serviced apartments.
Setting up a property as a serviced apartment can allow investors to achieve levels of return normally associated with high-yielding investments like HMOs – but as always, there’s hard work involved and pitfalls to watch out for.
In this episode we talk about:
- What exactly a serviced apartment is
- Why they’re becoming such a trend with investors
- The reasons why you might want to consider this part of the market
- The drawbacks to be aware of before getting involved
Resource of the week
Heresy – we’re recommending a project management tool that isn’t Trello!
In fact, we’re going to the other end of the spectrum: where Trello’s power is in its simplicity and ease-of-use, Podio is extremely powerful but takes a fair bit of work to get set up in a way that works for you.
The benefit is that it’s endlessly flexible, and you can either use its off-the-shelf “apps” or build your own which exactly reflect the workflows and processes in your business.
It’s not one for the dabbler, but it’s becoming popular with property investors and is well worth taking a look at.
News this week
And you thought the current government didn’t like landlords very much?
Jeremy Corbyn has a plan for private tenants to be able to buy the property they live in at a discount, and it’s been backed by centre-right think-tank Civitas.
There’s a genuine issue to tackle in housing, but is this the answer?
Join the conversation
Do you invest in serviced apartments, or are you interested in doing so?
We’d love to know, so join the discussion in The Property Hub!
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