2024 SERVICED ACCOMMODATION
COURSES

TRAINING COURSES & INSIDER KNOWLEDGE
FOR SERVICED ACCOMMODATION UK

2024 and the landscape for investors in Serviced Accommodation continues to change rapidly. On top of high interest rates and operating expenses we now have increased legislation and restrictions from local authorities.

For years Serviced Accommodation was promoted by property gurus, mentors and trainers.

However the question for 2024 is can you make a worthwhile profit on your investment of time energy and money.

If you are starting out or thinking about getting involved in Serviced Accommodation what are the risks and what do you need to know to help you make wise decisions.

To start with here are some of the positives, the main good points and benefits of owning a serviced accommodation business in the U.K.:
•    Strong and growing demand - Business and leisure travel to the U.K. continues to increase, fueling demand for short-term furnished rentals as an alternative to hotels.
•    Higher returns than traditional lets - Serviced flats can generate higher rents per square foot than traditional long-term residential lets, and turnover is faster with shorter stays.
•    Flexibility - Serviced accommodation allows for versatility to cater for stays from a few nights to several months. You can furnish and equip the units to match different customer needs.
•    Lower vacancy rates - Unlike traditional flats, the units are in continual turnover, meaning lower voids and periods without income.
•    Tax advantages - If structured correctly, certain tax reliefs can apply as a furnished holiday letting business. This includes entitlement to small business rates relief.
•    Scalability - The business model can start small, testing the market with just a few units, but has the potential to scale up quickly to expand the portfolio.
•    Broad customer base - Guests range from business travellers, relocating professionals, tourists and weekend travellers. This diversifies risk.
•    Manageable oversight - Properties can be maintained with efficient self-check-in systems and occasional cleaning/inspections as needed between guests. Doesn't require full-time staffing.
The sector continues to perform strongly despite economic uncertainties, and barriers to entry are lower than in traditional hospitality sectors like hotels.
Serviced accommodation differs from Buy-to-Let or HMO in that it is a commercial trading business because you have guests, not tenants. 
Therefore, landlords' section 24 does not affect service accommodation because your income from service accommodation is trading income and not investment income.


For more information or to order your course
Speak directly to an investing landlord on  079 3008 4661
Email  -  Roscom Training on roscomtraining@gmail.com