Let’s have a think about what serviced accommodation actually is.

With serviced accommodations, you essentially rent out a property on a temporary basis, unlike with a single-let buy-to-let. You rent out your property to ‘guests’ as opposed to tenants because you typically only do it overnight or for a brief length of time.

In other words, rather than investing in a buy-to-let property where you have a 6-month or a 1-year lease, you may rent out your serviced apartment for just one night, a weekend, or even long-term short-term lettings. When a contractor requests to rent a house for six months, many people who work in the serviced accommodation industry get enthusiastic, according to Progressive house.

Therefore, everything is possible. It’s just that it’s incredibly flexible. It’s not as strict as a buy-to-let, where you must have an assured shorthold tenancy (AST) for at least six months.

The kind of property that is utilised for serviced lodging is frequently the same kind of property that is used for buy-to-let or single-let. Although it is the same type of property, using it as a serviced accommodation will result in significantly larger profits.

Why? Considering that the kind of fees you can demand each night or per brief visit will be proportionately much higher than the amount you can demand for a 6–12 month tenancy.In cities all throughout the UK, serviced apartments provide a home away from home.

Serviced apartments are a fantastic substitute for hotels because they allow you to stay anywhere you want while still getting high-end self-catering lodging. When compared to hotels with comparable amenities, a serviced apartment offers superior value and more room while giving you more solitude during your city getaway.

As an alternative to traditional hotels, aparthotels and serviced apartments are becoming more and more prevalent in cities and towns around the UK.