The Property Podcast

TPP381: Serviced Accommodation and COVID-19

Informações:

Sinopsis

This week on The Property Podcast, The Robs are joined by special guest, Chris Ryder, who is a serviced accommodation expert.  Serviced accommodation has been an ever-developing strategy for a number of property investors over the years and it’s becoming increasingly popular.  But a twist of events this year (we’re talking about you, coronavirus!) has seen investors struggle to get tenants through the door of their serviced accommodation. Some unlucky investors are looking at at least 3 months of no rental income up to now! So today we have serviced accommodation expert, Chris Ryder, dropping the truth bombs on what’s happening in the (slightly battered) sector at the minute.  If you were to believe the media, you’d have seen many investors pivoting away from short term lets towards long-term during the pandemic, in a bid to avoid lengthy void periods. But interestingly, Chris hasn’t had to do that. It’s actually quite amazing how quickly he adapted his business model to make the best out of a bad situati