Ask 168: Should I turn my flat into serviced accommodation? PLUS: Are all leasehold houses bad investments?

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.

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