Long term let to 'Serviced Flats' company.
I've been approached by a Co but I said no - not a suitable flat but... My landlord friend who owns a flat with its own access door is considering letting to the company long term so that they can use it for serviced flat purposes.
They would upgrade it and take care of it. My friend has no idea of interior decor (he's an engineer and can fix anything) so it's functional but looking not very Airbnb attractive!
He hates having to find new tenants and often finds bad ones/lets it too cheaply. Might be a good option for him if he can get a good deal.
Any words of caution? Has this come up much before - where can I read about it?
Thank you! xxx
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