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Today in the studio is Dan Eaton, a former Royal Nay communicator who over the past two years has built a hugely successful serviced accommodation business, operating through Greater London, The Cotswolds and South Wales. 

Dan has joined Kevin to talk about how he built his property business, the importance of establishing values and goals, and how he used property in order to replace his income completely.

KEY TAKEAWAYS

• After beginning a family, Dan decided to leave the Royal Navy, as it was taking him away from home too often. After working in the corporate world, Dan discovered that his family time was still too limited. 

 

• Progressive Property’s masterclass event opened up a whole new realm of income possibilities to Dan, who decided upon service accommodation because of the areas in which he wished to operate.  

 

• Dan needed a "high cashflow in” strategy that worked in his local area, and serviced accommodation fit the bill perfectly. 

 

• Establishing values was important. They wanted to only deal with properties in which they would be comfortable using themselves as a family. 

 

• If you are thinking of operating a SA in a block, you need to consider whether or not there may be a lease on the property that prevents you from doing so. 

 

• Dan used his rent-to-SA business in order to slowly leverage his way to developing and evolving his business to include many different remits. 

 

• Being his own boss has allowed Dan to give more quality time to his family, a situation he never dreamed he’d be able to take advantage of. Property has allowed his family life to thrive. 

 

• Because Dan didn’t have an initial investment pot, it forced him to use different tactics, including seeking investors, and trying different rental types, in order to build his business. 

 

• If you’ve got money sat in the bank, and at the mercy of interest rates and inflation, then use it to invest! 

 

BEST MOMENTS

 

• ‘I thought well, if the army can do it…’ 

• ‘We don’t have to worry about leases - it’s all done from the source’ 

• ‘Property can be a journey’ 

• ‘I had all summer with the kids, and we’ve never had that before’ 

• ‘People invest with other people they know, like, and trust’ 

• ’The most important asset you can have is knowledge'  

VALUABLE RESOURCES

• The Serviced Accommodation Property Podcast

• [email protected]

• Pivotal Point Properties - www.pivotalpointproperties.co.uk 

ABOUT THE GUEST

Dan Eaton, a former Royal Navy communicator and corporate world consultant, started his property journey in 2017.  Over the last two years, he has built up a successful Serviced Accommodation business, looking after 30 properties across Greater London, the Cotswolds and South Wales.  

That SA business has ultimately led to him leaving full time employment, starting a small scale housing development and two commercial conversions into SA. 

ABOUT THE HOST

Kevin Poneskis, also known as the Property Soldier, has been a full-time property investor and mentor since 2011. This happened after he served the army for 24 years. He spent majority of this years in the 29 Commando Regiment RA and finished his time in the army as a Regimental Sergeant Major. Even during his time in the army, Kevin was already building his property portfolio and educating himself everything about real estate investments.

Right now, he is writing his book Property Soldier, in which 100% of the profit from the book will go to homeless veterans, and hosting The Serviced Accommodation Property Podcast which educates people who want to explore and earn from serviced accommodation property investing.

CONTACT METHOD

• Kevin’s Facebook

• Kevin’s LinkedIn