Managing properties as serviced accommodation is a completely different undertaking compared to traditional property management through long-term tenancies (ASTs). Operating short-let properties under the serviced accommodation model requires precision, organization, and expertise due to the high turnover and operational demands.

Key Considerations for Managing Serviced Accommodation:

1. Operational Demands

Serviced accommodation operates on a short-let basis, similar to a hotel model. This means maintenance, laundry, and cleaning must be scheduled promptly after every check-out, which often occurs daily or every 2-3 days. While longer stays of a week or more are possible, the highest profits are typically associated with shorter stays, which also require a greater level of commitment and coordination.

2. Marketing and Pricing Strategy

Marketing serviced accommodation requires working with multiple online travel agencies (OTAs) to ensure prices and availability are always up to date. While advanced software tools can assist with this, expertise is needed to monitor and adjust rates daily to remain competitive and optimize occupancy.

3. The Reality of Short-Let Profits

While many online sources claim that short-let properties can generate substantial income, they often overlook key challenges:

• High Workload: Managing daily operations requires significant time and effort.

• OTA Commissions: Some platforms charge commissions exceeding 20%, which impact profit margins.

• Seasonal Variability: Occupancy rates can exceed 90% during peak seasons but may drop to 60% or lower during low seasons, affecting overall profitability.

Why Choose Us?

Serviced accommodation can deliver higher revenues, but only if managed by professionals with a deep understanding of the market. Not all properties or locations are suitable for short lets, and it’s essential to adapt strategies during low seasons to protect profit margins earned during peak periods.

Whether you own a single apartment, multiple properties, or a multi-unit building, we have the knowledge, systems, and organization to ensure your property performs at its best year-round.

Contact us today for a consultation. We’ll work with you to determine the most effective business model and strategy to maximize the profitability of your property.