Charlotte Walker has been a Southsea Landlord for 20 years, with a range of flats let to students and young professionals. Two years ago, fed up with working, Charlotte started investigating the Serviced Accommodation property strategy. A year on the resignation was in and a new property career was born.
Charlotte now manages short-let flats and rooms for business and holiday guests.
Crazy summer days are upon us. Cleaners go on holiday, victorious festival prompts a tough pre-stay email (you WILL be charged £100 for smoking in the rooms, you MAY NOT continue the party here etc.), and the changes of September are nearly upon us.
If it's such a great strategy, why isn't everyone doing it?
Holiday lets come and go. Fact: It really isn't everyone's cup of tea.
How frequently do you visit your property? Every month? Every 6 months? I have properties with steady tenants that I haven't been into for 5 years! (Yes, the checks and repairs still get done). Most landlords aim to be hands-off as much as possible.
I pass a neat row of large BMW motorcycles lined up outside and enter the communal Kitchen of Blue Star House where 6 handsome young German men are tucking into a hearty lunch and chatting about their weekend ahead at Goodwood. They tell me about their drive form Germany and ask about local parking. In rooms upstairs are a student, a chef, a cocktail barman, and some weekenders visiting family. This weekend it’s a full house at the Serviced Accommodation.....