serviced accommodation

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 situation.

If you’re thinking of going down the serviced accommodation route, you’ll certainly want to listen to this episode first and note down all the tips Chris has to offer.

For our news story this week we’re sharing the latest HomeTrack report. We know our listeners enjoy hearing the latest updates on where’s performing well and where isn’t. We know you’re also all dying to know if The Robs were right about their predictions at the start of the year.

It’s interesting to look at the data from the last three months. According to the report, house price growth is up 2.4% compared to last year - which has climbed even higher over the last month. Incredible for what’s currently going on across the world.

This week’s Hub Extra is something that Rob B has been using against his son to beat him at chess! It’s a website called chess.com and it’s a great tool for improving your logic and your chess skills. 

There’s lessons on there if you’re a complete beginner and want to learn how to play and there’s sections where you can work on your strategy. Then you can play a game against a random person that the system matches you to based on your ability and put it all to the test.

We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do.

Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week! 

If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.

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This week on Ask Rob & Rob, The Robs are answering an important question we’ve been getting inundated with. How will Coronavirus affect the property market?

The question came from Adam, but we’ve had the same question a hundred times over. 

There has been an immediate impact on some parts of the market due to Coronavirus - most have been negative, but there are still opportunities to be had.  

Rob & Rob will be discussing the change in the property market and covering: 

• Transactions 
• Letting your property 
• Arrears
• Holiday lettings
• Can you still invest now?  

Don’t worry guys! Hopefully it’ll all blow over soon, but if not you still have Rob & Rob to help you, as from now on they will be treating you to a 3rd weekly podcast! 

Every Friday Rob & Rob will be updating you on the property market to keep you in the loop. They want to address exactly what's happening (or what could happen) nobody really knows how long this could go on for.. 

Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply). 

Or if you prefer, click here to leave a recording via your computer instead.

The next question on Ask Rob & Rob could be yours. 

Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.

See omnystudio.com/listener for privacy information.

We’re kicking off 2019 with a bang on this week’s Ask Rob & Rob.

Our first question is from regular listener Neil who wants to know if he should turn his flat into serviced accommodation. Here’s an overview:

• 2-bed apartment in Slough city centre
• It’s currently on an AST with a 6 monthly review
• Achieving around £1,000 per month in rent
• Because of management fees and service charges biting into profit, he’s considering trying a new form of investment in serviced apartments

Neil reveals what info he’s already found out about serviced apartments but is still unsure as to whether it will be the right move for him financially. Rob D delves into the pros and cons of serviced apartments but does he think it’s a good move? Listen to find out what the final outcome was.

The second question is from Ben who wants to know if ALL leasehold houses are a bad investment. Rob & Rob have covered the leasehold topic countless times but you’ll have to listen to find out if Rob B’s opinion has changed since we last covered this subject.

Press the play button to find out!

Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).

Or if you prefer, click here to leave a recording via your computer instead.

The next question on Ask Rob & Rob could be yours.

Have you joined us over in The Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.

See omnystudio.com/listener for privacy information.

It's time for another couple of questions in this week's edition of 'Ask Rob & Rob' Justine and Peter...

...ask Rob & Rob...What is the future of the serviced accommodation sector? PLUS: Should I be worried about right-to-buy for private tenants?

ASK YOUR OWN QUESTION TO ROB & ROB!

Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.

Just pick up the phone and call 013 808 00035 (normal UK call rates apply).

Or if you prefer, click here to leave a recording via your computer instead.

NEED MORE ANSWERS?

The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.

Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.

Just don't hang around - there are only four Summits each year, and just 8 places available at each!

Interested? Click here to find out more.

See omnystudio.com/listener for privacy information.