Now this may be controversial, especially with the hype around serviced accommodations in South Yorkshire. Google property networks and chances are that many of these have serviced accommodations on the agenda. A serviced accommodation is a private landlord who has put up their property on these types of portals – this may be direct or through an agent. This is quite a lucrative side hustle. Usually these properties are let to visitors or contractors, this will depend on the location and setup.
Now this is all above board (unfortunately ,to the dismay of local B&Bs) but what this means for tenants is that there are less houses available to rent. The crazy demand for properties is being reported by all, and now add this to the mix. This means long term tenants struggle to compete for higher profit making holiday lets. They struggle to get a bigger house for growing households, and the problems just escalate.
And don’t be fooled, the local Councils have this on their radar as well. Yes, they are slow to respond, but when they do it will be harsh. They are being lobbied by the local B&B’s and neighbors to these properties for more regulation.
Don’t say I did not warn you!