Serviced accommodation deals

You can now stack serviced accommodation deals on the Stacked platform.

If you are planning to buy and develop properties, so they can be rented to guests, who wish to stay in your property on a short term basis, our platform has got you covered.

Conducting your due diligence

Just like with our other deal types, you can add a property that you’re planning to buy and Stacked will compile a host of useful information for you automatically, so you can save time when conducting your due diligence.

Amongst other things, Stacked will automatically:

• Compile a list of comparable properties, which have sold within the last 12 months
• Provide you with the sale history of the property you’re planning to buy
• Pull in the energy performance certificate for the property in question, along with a range of useful information
• Provide a direct link to the information, which Google Maps has about the property, so you can better understand the property and it’s surroundings

Over the coming weeks and months, as we build out more integrations, you will notice that an increasing amount of supporting information is compiled for you automatically, which will save you even more time when conducting your due diligence.

Stacking the deal

Once you’re ready to stack the deal, you can now select the newly added serviced accommodation deal type from the dropdown list.

Having done this, you will arrive at the deal stacking page, which functions in much the same way, as the other deal types that you may already be familiar with.

You simply need to supply the relevant information about:

• The costs you will incur when buying and developing the property
• How you intend the finance the project
• What you estimate your monthly income and expenditure to be, based on yearly average that accounts for any relevant seasonality
• What you estimate the property will be worth, at the point you come to remortgage it, so you can release money out of the deal, to be used on your next project

Having worked through these steps, Stacked will provide you with a comprehensive overview of the key numbers, along with your return on investment, both before and after you refinance.

Armed with this information, you will have far greater confidence on whether to proceed with the deal. Likewise, having assembled all this information, any prospective investors will have far greater confidence in yourself and the project.

Summary

Once again, you’ve asked for it, so we have built it.

Myself and the Stacked team are on hand to support you every step of the way.

Being able to stack serviced accommodation deals is just one of a number of new features, which we are planning to add over the coming weeks and months.

Stay tuned for further announcements.