Rent to serviced accommodation deals

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

If you are planning to offer guaranteed rent to a landlord for an agreed term, of let’s say 5 years, so you can make some improvements to the property before renting it out for a higher amount each month, 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 rent to 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 amount of rent you will guarantee to the landlord
• The length of time you will guarantee this rent for
• The amount you will spend on setting up and improving the property, so it can achieve a higher monthly rent than you’re guaranteeing to the landlord
• What you estimate your monthly income and expenditure to be

Having worked through these steps, Stacked will provide you with a comprehensive overview of the key numbers, along with your total return on investment from the deal.

Armed with this information, you will have far greater confidence on whether to proceed with the deal.

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 rent to 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.