Our focus is on helping landlords get the most out of their properties,and increase cashflow by managing their properties on
their behalf as serviced apartments.
Here at Statera, we pride ourselves on being different. Being property investors ourselves, we understand the value of our client's investment in their properties and assets. This is why everything that we do is all about striking a balance - [Statera], creating win-win situations that will allow us to be satisfied with the returns on our service, while at the same time giving our landlords and investors more money
in their pockets than traditional agents can offer. Our landlords enjoy the benefit of having the piece of mind that their investment is being handled with the care and attention that it deserves.
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With over 3 million homes falling short of the new epc standard from 2025 (costing them on average £8000), it's no wonder many landlords are now coming to us to help them get around this by using our serviced accommodation model
With the rising inflation and the cost of living increase, landlords can not afford for their tenants to miss payments, and to make matters worse, it is taking an average of 12 months to evict tenants at the moment. We can help you avoid this with our serviced accommodation model
Want to save on tax? Even if you're not registered as a limited company?Another reason our landlords are overjoyed with us. Get in touch to see how we can do the same for you.
The good news about having a SA is you can claim a range of tax reliefs that are usually reserved for traders. These include Entrepreneur’s Relief, Hold Over Relief, Relief for Gifts of Business Assets, Relief for Loans to Traders and Roll Over Relief.
As the owner of a Serviced apartment, you are allowed to claim Capital Allowance for items such as equipment, household fixtures and furniture. This means that if you decide to go to town with decorating and furnishing your SA, you will be able to deduct these costs from your pre-tax profits.
Any profit that you make from your SA is considered as ‘relevant earnings’ which means you can make tax-advantaged pension contributions.
Serviced apartments do not pay council tax. As the owner of a SA you should register for business rates, which will be calculated by your local council. In general, these rates will be lower than council tax.
Typically, the same property will generate 2/3x more profit for the landlord or investor, opening many more options for them.
With a BTL, you have a contract in place that if the tenant breaks, it takes about 12 months to actually evict them. As a Serviced Accommodation provider, you have no tenants but instead you have guests that pay you even before they arrive.
Due to the nature of the business, Serviced Accommodation properties have to be kept in pristine condition at all times, whilst it's difficult to predict what your property will look like at the end of a tenancy, generally, you will be planning for the worst
Our landlords have full control of their property, many of them for the first time in years. With our services, you decide when it's occupied and when you want to keep it available for yourself, whether that is to host family, guests, it doesn't matter what you need it for, the fact is it is in your complete control with the utmost flexibility to use your asset to it's best advantage.
We'll offer your property on a variety of sites to maximise your booking and revenue potential. Your calendar is synchronised across all of them thanks to our technology, and you get fantastic returns. To assure occupancy all year long, we also concentrate on the corporate market.
With expert photography, we'll raise your occupancy rate and the amount you may charge.
We'll set up and create your listings on several platforms in order to improve the amount of reservations and assist attract the correct visitors to your home. Since we have years of experience, we are aware of what is most effective.
We focus on helping you enhance your property's income by effectively pricing it and taking advantage of periods of strong demand. We have both the data and the excellent human ideas that are the foundation of every successful pricing plan.
Your safety and the security of your property are our top priority. We screen all guests.
Easy self check-in is a top priority for guests and the Airbnb algorithm loves it too! So we support you through out smart-lock installation process and provide software that will not only to provide guest with easy check in option but also will increase security for your property.
Guests always remember how good the sheets are! We provide hotel quality linen and a high-quality laundry service. Our housekeepers know all the perfect touches for an enjoyable guest stay.
Responding to guests as quickly as possible is the key to getting more bookings and maintaining a good reputation. Our teams respond 24/7/365 and trained to deal with all questions and issues both before and during stays.
5-star Cleans from our Professional Housekeepers. We've work with Airbnb cleaning service providers that are tried and tested with time, to ensure every clean is done thoroughly with guests in mind and are never missed! Cleaners even report back to HQ with photos.
Our housekeeping team take photographs between each guest stay and report on any maintenance items. If it's a small item, we'll fix it quickly. If it's something that needs repairing or replacing, such as washing machine, we can arrange this for you.
We take security deposits from all guests for every booking. This protects our downside and keeps the guests accountable.
Our Dashboard syncs your calendar between multiple booking websites to give you more control and see who is staying. You can also track your performance and income. Clear and transparent.
Serviced accommodation, also known as serviced apartments, are a type of temporary housing that typically includes amenities such as a fully equipped kitchen, housekeeping services, and access to fitness facilities. They are often used by business travelers or tourists as an alternative to traditional hotels. Serviced accommodation has gained popularity in recent years due to the flexibility and convenience it offers. In this article, we will explore the legislative and tax benefits of serviced accommodation.
Legislative Benefits
One of the main legislative benefits of serviced accommodation is the fact that it is regulated by the local council in the area where it is located. This means that serviced accommodation must adhere to certain standards in order to operate legally. These standards may include the condition of the property, fire safety regulations, and the provision of certain amenities such as a kitchen and bathroom. By ensuring that serviced accommodation meets these standards, local councils can protect the interests of both the guests and the owners of the property.
Another legislative benefit of serviced accommodation is that it is often classified as a business, rather than a residential property. This means that it may be subject to different regulations and taxation. For example, serviced accommodation may be required to obtain a business license or pay business rates, rather than council tax. This can be beneficial for owners of serviced accommodation, as business rates are often lower than council tax.
Tax Benefits
In addition to legislative benefits, serviced accommodation can also offer tax benefits to both owners and guests. For owners, the tax benefits of serviced accommodation depend on how the property is used and whether it is classified as a business or a residential property.
If serviced accommodation is classified as a business, it may be eligible for certain tax deductions and exemptions. For example, the owner may be able to claim expenses related to the property, such as utilities, repairs, and maintenance, as tax deductions. In addition, the owner may be able to claim capital allowances on the property, which allow them to write off the cost of certain assets over a period of time.
For guests, serviced accommodation may also offer tax benefits, depending on their circumstances. For example, if a business traveler is staying in serviced accommodation for work purposes, they may be able to claim the cost of their accommodation as a business expense. This can be beneficial, as it may allow the traveler to offset the cost of their accommodation against their income, potentially reducing their overall tax liability.
Conclusion
In conclusion, serviced accommodation offers a range of legislative and tax benefits for both owners and guests. By adhering to local council regulations and being classified as a business, serviced accommodation can offer owners the opportunity to claim tax deductions and exemptions, as well as potentially pay lower business rates. For guests, serviced accommodation may offer the opportunity to claim the cost of their accommodation as a business expense, potentially reducing their overall tax liability.
This is where landlords are offered guaranteed rent for a fixed term, this could be anywhere from 12 - 60 months, the landlord then allows the service provider to sublet the property, which they then turn into serviced apartments. In theory, there are benefits to the landlord, as they no longer have to worry about void periods, management, evictions etc. The difference between what the service provider
rents the property from the landlord for, and what they are able to get on the open market, is theirs to keep as profit
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TERMS &
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PRIVACY POLICY
Statera Estates LTD is a company incorporated in England and Wales with registered number 14204437 and registered offices at 2627, 321-323 High Road, Chadwell Heath, Romford, Essex, RM6 6AX, United Kingdom.
Statera Estates LTD is registered with the Information Commissioner’s Office, with registration number ZB361736
Statera Estates LTD is a member of The Property Ombudsman Scheme, with membership No. T08031.