Why Serviced Accommodation is a Better and Safer Alternative for Landlords than Long-Term Letting

As a landlord, deciding between traditional long-term letting and serviced accommodation can be challenging. However, at Town or Country, we believe serviced accommodation offers several advantages that make it a better and safer alternative. Here’s why you should consider converting your property to serviced accommodation with us.

 

 Higher Income Potential

One of the most significant benefits of serviced accommodation is the potential for higher income. Unlike long-term letting, where rental income is fixed, serviced accommodation allows you to charge higher nightly rates, especially during peak seasons or local events. This can significantly boost your overall revenue. Our team at Town or Country can help you maximise your occupancy and income through effective marketing and pricing strategies.

 

 Greater Flexibility

Serviced accommodation offers greater flexibility compared to long-term letting. As a landlord, you have the freedom to use your property whenever you need it. Whether it’s for personal use or accommodating friends and family, you can block out dates without the restrictions of a long-term tenancy agreement. This flexibility also allows you to adapt to market changes and demand fluctuations more effectively.

 

 Reduced Risk of Problematic Tenants

Long-term letting comes with the risk of problematic tenants who may default on rent, cause property damage, or engage in anti-social behaviour. Evicting such tenants can be a lengthy and costly process. In contrast, serviced accommodation typically involves shorter stays, reducing the likelihood of tenant-related issues. Our rigorous guest vetting process at Town or Country further minimises this risk, ensuring your property is in safe hands.

 

 Professional Management and Maintenance

Managing a long-term rental property can be time-consuming and stressful. From dealing with maintenance issues to handling tenant complaints, the responsibilities can quickly add up. With serviced accommodation, especially when you partner with Town or Country, these burdens are lifted. Our comprehensive property management services include housekeeping, cleaning, linen services, and routine maintenance, ensuring your property remains in excellent condition without the hassle.

 

 Enhanced Security and Monitoring

Serviced accommodation offers enhanced security compared to long-term letting. Frequent guest turnovers mean the property is regularly inspected, reducing the risk of unnoticed damage or illegal activities. Our team at Town or Country ensures regular property checks and maintenance, providing peace of mind that your investment is well-protected.

 

 Tax Benefits

Serviced accommodation can offer tax advantages over traditional long-term letting. As a furnished holiday let, your property may qualify for certain tax reliefs, such as capital allowances on furniture and equipment. Additionally, profits from serviced accommodation are often treated as trading income, which can be more tax-efficient. It’s always advisable to consult with a tax professional to understand the specific benefits for your situation, but this is another area where serviced accommodation can offer financial advantages.

 

 Attract a Broader Range of Guests

Serviced accommodation appeals to a wider range of guests compared to long-term rentals. From business travellers seeking short stays to families on holiday and tourists exploring the area, the potential guest pool is vast. This diversity can lead to higher occupancy rates and more consistent income. Town or Country’s extensive marketing reach ensures your property is visible to this broad audience, maximising booking opportunities.

 

 Professional Cleaning and Hygiene Standards

In today’s world, cleanliness and hygiene are more important than ever. Serviced accommodation, particularly under the Town or Country brand, adheres to stringent cleaning protocols. Our professional cleaning and linen services ensure your property meets the highest standards of cleanliness for each guest, enhancing guest satisfaction and safety. This level of care is often unattainable with long-term rentals, where cleaning responsibilities fall to the tenant.

 

 Market Responsiveness

Serviced accommodation allows you to be more responsive to market trends and demands. With long-term letting, rent prices are typically locked in for the duration of the tenancy agreement. In contrast, serviced accommodation rates can be adjusted regularly based on demand, local events, and seasonal trends. This responsiveness enables you to optimise your pricing strategy and maximise revenue throughout the year. Town or Country’s expert market analysis helps you stay ahead of the curve and capitalise on market opportunities.

 

 Enhanced Guest Experience

At Town or Country, we pride ourselves on delivering an exceptional guest experience. This focus on guest satisfaction translates to positive reviews and repeat bookings, further boosting your property’s success. High-quality furnishings, modern amenities, and personalised touches create a welcoming environment that exceeds the expectations of today’s travellers. In contrast, long-term rentals often lack the amenities and services that make serviced accommodation so appealing.

 

Conclusion

Switching from long-term letting to serviced accommodation with Town or Country offers numerous benefits, from higher income potential and increased flexibility to reduced risk and enhanced security. Our professional management services ensure your property is well-maintained and marketed effectively, providing a seamless and profitable experience for landlords. For more information on how we can help you make the transition, visit townorcountry.co.uk.

Contact us

If you have any questions, please feel free to contact our friendly team.