The trap of returning rent of serviced apartments

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With the soaring housing prices, many investors are paying attention to this and have bought some properties one after another. Many serviced apartments have offered rent withdrawal concessions, and the high monthly rent directly benefits investors. Is there a trap in renting back serviced apartments? Then let's take a look!

In fact, the rental rate of serviced apartments is not high, so developers offer rent-back concessions to attract buyers and investors with high monthly rents. Although the rent can be received every month, the house price has risen a lot, allowing developers to withdraw funds in advance. After all, the wool is on the sheep, and the developer will not rent the money for nothing. Even if the rent is paid in advance, the fee will be charged elsewhere. Through the sweetness of rent, the majority of buyers are fooled to buy serviced apartments and complete the sales of real estate projects.

Developers launch serviced apartments for leaseback, in fact, they are just changing the way of raising funds to make the company's funds work normally. If the rental rate of serviced apartments is high and there are profits, buyers and developers will achieve a win-win situation. However, if the rental rate of apartments is not ideal, developers will lose money, leading to bankruptcy and running away. In this way, buyers can't get rent, and apartments can't be rented for a short time. In addition, if no one rents it all the time, the whole building will easily become an unfinished building, which will harm the interests of buyers.

In addition, the land for building serviced apartments is generally commercial land, with property rights for 40 years. Not counting the construction time, it will be thirty years. And because of leaseback, the house price will be much higher, and the overall cost performance is not very high. At the same time, the overall area of the serviced apartment is not large, so it is not very comfortable to live in, and the visual field space is relatively small. Moreover, the purchase of such apartments has large pool, small indoor area and low utilization rate. Finally, in terms of orientation, it is rare to sit in a south-facing apartment, so it is relatively lacking in lighting. There are still many apartments that have no balconies and can't hang clothes, which makes life very inconvenient.

I hope the above answers are helpful to you.

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