Register your interest in Serviced Accommodation Discovery Day here, and a member of our team will get back to you to confirm your place at your preferred date.

 

 

Welcome to another episode of The Serviced Accommodation Property Podcast! In today’s episode, Kevin focuses on the first of the acquisition strategies that he’ll discuss on this podcast to start earning through a serviced accommodation – Rent to SA. Learn how to rent to serviced accommodation by a letting agent or a landlord. What’s more beneficial for you? How do you get the most out of this investment strategy? What required process do you have to do? All of these questions and more will be answered in this episode so listen in!

KEY TAKEAWAYS

• Different Acquisition Strategies
  • Rent to SA by a letting agent, landlord, or management.
  • Instead of renting a property from somebody and using at SA, you could just manage somebody else’s property as serviced accommodation.
  • Buy-to-let conversion.
  • Purchasing property to do serviced accommodation. Understand the due diligence process for SA in assessing demands.
  • Lease purchase options. You fix the purchase price but you have a timeframe in which to exercise when to buy the property.
  • Commercial Conversion. Tuning offices or factories to apartments.
  • Straight lease a property to use as SA.
• Rent to serviced accommodation by a letting agent. Long-term income for less work.
  • A professional business relationship with you and your company – that’s what the letting agent will get instead of dealing with tenants.
  • Great incentive for letting agents. No nuisance.
  • Benefits for the owner. On-time payments, assets are high standards, at least weekly inspections
  • Benefits to you. Quick cash flow.
• “You wanna be taking the property on a company let on a letting agent. You’re not gonna take it on an AST.” AST is not the correct document for SA. Company agreement is the most suitable. Visit letting agents know what works for you.
• Tell them that you’re going to market the property. Be visible on Airbnb and Booking.com.
• “The letting agents need to know that the liability for the rent does not sit with your clients. The liability for the rent sits with your company.” Any damage sits with the company. Shoe them your insurance.
• Invite letting agent see your serviced accommodation properties.
• Letting agents may want to credit check the company. You explain that you’re just setting up the business in the area.
• Rent to serviced accommodation via a landlord. Where to find them? You can find them on online portals where they could advertise. You could also find them on social media.
  • If set up correctly, they can earn capital allowances.

BEST MOMENTS

• “We’ve had properties that we take in from letting agents. We know what we have to – just dress the bed.”
• “If you do due diligence correctly, then you know that there is demand before you actually pay a deposit and first month’s rent.”
• “They pay, you organize.”

VALUABLE RESOURCES

• com
• Airbnb

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 the majority of these 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 Podcast which educates people who want to explore and earn from serviced accommodation property investing.

CONTACT METHOD

• Kevin’s Facebook
• Kevin’s LinkedIn