Détails Blog

Description of the blog

Originally, furnished rental housing, a predominantly urban park, made it possible to meet a very mobile and rather modest demand, made for example by students and employees on temporary trips, with an offer in search of profitability rental and security in relations with tenants. In this furnished rental market, we are also seeing the development at high speed of a specific segment of the offer, intended for people on very short stays (most often tourists). This offer therefore meets a specific need, the growth of which is not, it seems, likely to be interrupted in the medium term, but subject to strong regulatory changes.

This market encounters several types of difficulties, which can be divided into 3 categories: default or cessation of payment, late payment of rent and / or renegotiation of lease. It would appear that these highly problematic situations, which some homeowners faced between 2008 and 2011, are now “a thing of the past” for most residences.

But a new worrying situation concerns certain nursing homes: defeasance. The manager, unable or unwilling to make the required upgrades, or not finding an agreement with the co-owners, abandons the premises, leaving with his approval to establish a new nursing home on the same commercial perimeter. The owner then finds himself in a highly problematic situation due to the monovalent use of this investment: it is a room and not an apartment! No question of changing the destination easily ...

Different methods of holding furnished apartments are open to investors: managed furnished accommodation or diffused furnished accommodation. Thus, the alternative is between buying a property and entrusting it to a professional manager or furnishing your apartment and renting it furnished, directly or through a real estate agency.

Rental offer different from traditional hotels and diffused furnished apartments, the furnished residence with manager is defined by its destination: tourist residence, business residence, student residence, senior residences and nursing homes (accommodation establishment for dependent elderly people). ). In fact, this accommodation, combined with services or even activities, is intended for multiple targets depending on the type of residence: families or individual travelers, companies and businessmen, students, seniors and elderly people. in need of medical assistance. For the investor, furnished rental is a particular form of asset management, often developed with the aim of building assets for retirement. Indeed, the status of furnished rental company can make it possible to build up assets at the same time as additional non-taxed income over a long period.

With the arrival of service residences, the aim was to facilitate the rapid creation of a large rental fleet. Hence the invention of multiple real estate development formulas, also aiming to make property accessible to as many people as possible, in order to allow, on the one hand, tourist resorts to develop and make the facilities profitable; on the other hand, for city centers to develop their economic activity; and finally for the municipalities to respond to a societal issue of aging of the population.