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Landlords, are you looking for new ways to increase your rental yields?
Find out about one of the areas of property that is making money at the moment: the booming serviced apartments market.
Serviced apartments are properties let out on a short-term basis, typically to business visitors, that come with a range of services provided by the landlord, such as laundry or food.
Users of serviced apartments like the flexibility of staying as a tenant in what feels like their own home, plus the significant cost savings that can be made. With savings of up to 25%, staying in a serviced apartment can be a much cheaper option than a hotel.
In this new eBook, property professional and author Toby Hone outlines how most buy-to-let landlords can convert their existing properties, especially those landlords who are sitting on new builds, into serviced apartments, with minimal investment.
All the the issues to get through on the way are discussed, with tips on to maximising occupancy rates and minimising costs.
Serviced accommodation represents one of the only property sectors still experiencing rapid growth in the current economic climate. In fact, the current economic climate is creating an ever increasing demand for these types of units and this represents a real opportunity for existing buy-to-let landlords.
The concept of serviced accommodation is largely misunderstood by many landlords, to the extent that most don't realise that they can achieve a 300% increase in rent and realistically achieve rental yields in excess of 20%, with minimal outlay!
This eBook will explain: