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Landlords
Landlords may find several compelling reasons to venture into serviced accommodation
Furnishing and Design Opportunities
Serviced accommodation allows landlords to invest in well-designed and fully furnished spaces, potentially increasing the property’s appeal and rental value.
Flexibility and Demand
The flexible nature of serviced accommodation allows landlords to adapt to market demand, catering to both short-term and long-term renters based on current trends.
Professional Property Management
Many serviced accommodation providers offer property management services, relieving landlords of the day-to-day responsibilities and ensuring efficient operations.
Increased Property Value
Well-maintained and well-managed serviced accommodation properties may see an increase in overall property value due to their attractiveness to features and potential for higher income.
Adapting to Changing Work Trends
With the rise of remote work, landlords can position serviced accommodation as attractive options for those seeking temporary living arrangements during work-related travels or relocations.
Customer Reviews and Reputation
Positive experiences from short-term guests can contribute to positive online reviews, enhancing the property's reputation and attracting more guests in the future.