How much can you earn on workers’ lodgings?
Real estate investments are very popular and their importance increases in uncertain times of crisis. The great advantage is the possibility of using many different strategies, tailored to the needs of the regional market or the investor’s financial possibilities. One of the tried and tested solutions is to rent out employee accommodation. This is an excellent way to increase your rate of return and gain more security and stability in your investment. Like everything, however, it requires knowledge and the right strategy.
Employee accommodation: a secure source of income
High demand in the labor market translates into new prospects for other industries as well. One of them is employee accommodation. This type of investment will work well not only in metropolitan areas but also in smaller centers. It is a chance to start adventure with real estate for both beginners and less wealthy investors, as well as people who want to invest much more money in this way. However, in order to operate effectively on this market, verified information and the right strategy are necessary. It is worth to take advantage of workers’ lodgings workshops, focused on practical ways to start renting workers’ lodgings and quickly achieve a return on invested funds. Paweł Albrecht from Albrecht International.
How much money can you earn on workers’ accommodation?
The employee accommodation market offers prospective investors a number of successful schemes. It is possible both to rent the space and to buy it, also with a loan. This factor in turn has a decisive impact on the level of profitability of a particular project. The relationship is very simple: the lower fixed costs on the part of the investor, the higher profit he will be able to achieve. On the other hand, a well thought-out investment can pay off quickly, and the right strategy guarantees a high rate of return and allows to achieve passive income. On one accommodation unit per month you can earn even from a few to several thousand zloty, and it can be just a prelude to a much more lucrative business.
Advantages of employee accommodation
Focusing on employee accommodation is one of the most secure real estate investments. Their key advantages include:
- Widespread availability: it is possible to generate income from renting out employee housing, even without an own contribution. There are many tools on the market to help you make a profit.
- Higher security: well structured contracts protect the investor and allow him to reduce risks to an absolute minimum in comparison to other rental models.
- Passive income: staff housing enables you to make a stable passive income. They are also far less involved than other forms of renting.
- Stable perspectives: the labour market is constantly growing and with it the demand for employees, which translates into good perspectives for renting out employee accommodation.
Staff housing or long-term rental – which to choose?
More and more profitable models appear on the real estate market. Various forms of leasing clearly dominate among them. Short-term rentals are very popular and offer great opportunities especially in tourist destinations and larger cities, but at the same time they are very engaging and risky. Long-term lease, on the other hand, offers greater security and predictability. Tempting, above all, with the vision of making a passive profit, but it can still involve risk and commitment. In this respect, staff quarters turn out to be a much better alternative: above all, they offer the chance to minimize risk, simplify management and, most importantly, to make more profit.