Finding suitable properties for Rent-to-Serviced Accommodation (R2SA) deals is crucial for maximising your returns and ensuring long-term success. Here’s how you can identify the best opportunities:
1. Research High-Demand Locations
Focus on areas with strong demand for short-term rentals, such as city centres, tourist hotspots, or business districts. Also, target properties near primary transport links, popular attractions, or business hubs. These perform well in the serviced accommodation market.
2. Assess the Property’s Suitability
Look for properties that can be easily adapted to meet the needs of short-term guests. This includes properties with multiple bedrooms, modern amenities, and good-quality furnishings. A property with a unique selling point, such as a great view or proximity to local attractions, can also be highly desirable.
3. Evaluate the Competition
Research existing serviced accommodation in your chosen area to analyse the competition. Consider the pricing, occupancy rates, and guest reviews of similar properties to understand what is required in order to stand out and attract bookings.
4. Understand Local Regulations
It’s important to ensure that your property and its intended use comply with local regulations. This includes planning permissions, health and safety requirements, and any restrictions on short-term letting. Some areas may have specific licensing requirements for serviced accommodation, so it’s essential to be fully informed.
5. Work with Local Agents
Partnering with local estate agents who understand the market can be a valuable way to access off-market deals and properties that meet your specific criteria. They can also provide insights into emerging areas where demand for serviced accommodation is growing. Pluxa Property can take care of all these as we have an extensive network of local estate and letting agents.
6. Join Pluxa as a VIP or Quantum Investor
At Pluxa Property, we offer our VIP Investor priority access to the best R2SA deals before they hit the market. By becoming a VIP Investor, you can benefit from our extensive network and expertise to secure properties that have high potential returns.
Our VIP Investors receive personalised property recommendations, exclusive market insights, and first refusal on any new opportunities, giving you a competitive edge in the serviced accommodation market.
Our Quantum Investors can even enjoy significant discounts on sourcing fees, increased monthly cash flow via our booster packages, never before seen off-market deals and up to £10k monthly cash flow with the Quantum 10 portfolio builder package.
7. Leverage Online Platforms
Use property search platforms and specialised websites that list rental properties suitable for conversion to serviced accommodation. Setting up alerts for your preferred areas and criteria can help you act quickly when a suitable property becomes available.
By following these steps and leveraging the expertise and resources available at Pluxa Property, you can find and secure profitable Rent-to-Serviced Accommodation properties. Consider joining our VIP or one of our Quantum Investor programs today for priority access to the best deals as well as personalised support.