Unlock Your 5-Step Property Set Up to Serviced Accommodation Success in Birmingham and the West Midlands.

Birmingham is buzzing. From its vibrant cultural scene to its booming business opportunities, the city attracts a diverse range of visitors seeking stylish, hassle-free accommodation. This is where YOU come in.

Ditch the traditional rental woes and step into the lucrative world of serviced accommodation with our 5-Step Property Set Up. Transform your buy-to-let property or HMO into a lucrative serviced haven, be it a luxurious retreat, a boutique gem, or a budget-friendly haven. Our proven, hands-off approach caters to Birmingham and the West Midlands thriving short-term rental market.

Ready to unlock your passive income potential?

Let's dive into the 5 steps to serviced accommodation success:

Unleash Your Property's Hidden Gems

Worried your property might not have the "wow" factor? Fear not! Our expert assessment delves deep, identifying areas to maximise guest appeal and skyrocket your rental yield.

We'll recommend strategic upgrades for optimal comfort and style, ensuring your property shines in the Birmingham market. Think plush throws, curated artwork, and tech-savvy touches that scream "welcome home."

Safety First, Peace of Mind Guaranteed

Guest safety is paramount. Our recommended comprehensive fire safety assessment ensures your guests feel secure and protected. But that's not all!

We go the extra mile with professional, high-quality images that showcase your properties best features, attracting guests from the first scroll. Think inviting living spaces, sun-drenched balconies, and sparkling clean kitchens – all professionally captured to tantalise potential guests.

Open Your Doors to the World (Within Days!)

Upgrades complete? Buckle up!

Your property is ready to welcome guests within days thanks to our efficient process and for ultimate peace of mind. Our 5-point security check thoroughly inspects your property, ensuring your investment is safe and sound. No more worrying about last-minute hiccups – we've got your back.

Streamline Your Success Machine

Gone are the days of juggling cleaners, damage claims, and endless furniture purchases. We make it EASY.

Your property gets registered on our recommended cleaners' checklist app, simplifying logistics and keeping track of any potential damages.

Plus, say goodbye to furniture woes! Our furniture rental option takes the guesswork out of furnishing, providing stylish, high-quality pieces that reflect your desired aesthetic and the best part? A single channel manager gets your property listed on major booking platforms like Airbnb, Booking.com, and Expedia, maximising your visibility to a global audience.

Effortless Guest Communication – You're Never Alone

Relax and let us handle the guest interactions. Our custom guest message templates cover everything from booking confirmations to arrival instructions and check-out formalities. This ensures seamless communication and reduces the burden on you.

General Setup Costs

Renovation and furnishing costs: This can vary greatly depending on the property's condition, desired standard, and local market rates. Consider factors like kitchen upgrades, furniture acquisition, linen and toiletries provision, etc.

Technology and software: Costs for property management software, guest booking platforms, smart home integrations, and security systems need to be factored in.

Licensing and regulatory fees: Depending on your location and type of serviced accommodation, specific licences or permits might be required, incurring associated fees.

Operational Costs: Reaching potential guests through online platforms, local marketing, or partnerships requires budget allocation.

Cleaning and maintenance: Regular cleaning services, linen replacements, and repairs contribute to ongoing operational costs.

Utilities and bills: Budgeting for utilities like electricity, water, and waste removal is crucial.

Data Sources and Resources

Industry reports: The Association of Serviced Apartment Providers (ASAP) and The Serviced Apartment Network (STAN) publish annual reports with various statistics and industry trends, including development and operational aspects.

Market research firms: Companies like Knight Frank and Savills regularly research the serviced accommodation sector, often providing insights on investment costs, yields, and operational expenses.

Investment platforms: PropTech platforms and online investment portals sometimes offer data and resources on serviced accommodation development costs and returns.

To locate more precise data tailored to your needs, consider these approaches:

Identify your target market: Define the type of serviced accommodation you plan to establish (e.g., luxury apartments, budget studios, family-oriented units) and the target guest segment (business travellers, tourists, local residents).

Specify your location: Focus on statistics in the city or region where you plan to set up your property. Regional variations in setup costs, operational expenses, and market dynamics can be significant.

Consult local experts: Connect with property management companies, real estate agents, or serviced accommodation operators in your chosen location. They can provide specific insights and cost estimates based on their experience and local market knowledge.

Remember, the ideal approach to gathering setup cost statistics involves combining these strategies to build a comprehensive and relevant picture for your specific circumstances.

Beyond the Basics

This blog post provides a foundation, but your journey doesn't stop here. To truly thrive in the serviced accommodation landscape, you may want to consider these additional tips…

Target the right niche: Identify your ideal audience – business travellers, trades people, families – and tailor your accommodation accordingly.

Embrace local experiences: Highlight local attractions and hidden gems in your guest communication, offering them a truly immersive Birmingham experience.

Personalise the experience: Small touches go a long way. Welcome guests with local treats, provide city guides and offer recommendations for nearby restaurants and cafes.

Stay ahead of the curve: The industry is dynamic. Stay updated on trends, competitor offerings, and guest preferences to ensure your property remains competitive.

With dedication and our initial set up process, your Birmingham serviced accommodation journey can be a resounding success.

Ready to join the serviced accommodation revolution? 

Contact us today for a free consultation. Let's unlock the potential of your Birmingham property together and turn it into an income powerhouse. 

Remember, with our 5-Step Property Set Up, you're not just investing in a property, you're investing in freedom, flexibility, and financial security.

So, what are you waiting for? Your 5-Step Property Set Up awaits!

Take me there!