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From Mechanic to Millionaire: Unlocking the SA Business Model with Darren O’Reilly
Darren O’Reilly joins the podcast in this episode to share his inspiring journey from mechanic to property mogul! Learn how he went from redundancy to amassing a multi-million pound portfolio, including commercial units, HMOs and Airbnbs. Find out how the SA model allowed Darren to generate life-changing passive income with little money down. You'll hear the ups and downs of his ventures, from running a vinyl record store in his early 20s to overcoming huge personal obstacles before discovering creative real estate strategies. With insight on finding landlords, managing properties, avoiding common pitfalls and scaling your portfolio, this information-packed episode will not disappoint!
https://bit.ly/DarrenOReilly
https://airbnbconsultant.co/
KEY TAKEAWAYS
- Buy property early and hold it long-term, using rental income as your "pension pot" rather than selling. This avoids tax and generates more money.
- Be honest and genuine when approaching landlords - establish rapport and solve their problems to convince them your strategy is better than traditional lets.
- Use services like Airbnb and Booking.com to rent other people's properties to leisure and business travellers via your own company. This is the rent-to-service accommodation (SA) model.
- Aim for at least £1,000 profit per SA property per month. Meet costs like rent, cleaning and marketing to achieve this. Income fluctuates so focus on the annual average.
- Landlords worry about damage and many mistakenly think AST contracts protect them more than corporate lets. Explain the power lies with tenants and your business faces faster eviction.
- It's essential to have systems and staff in place to scale. Outsource cleaning and management using virtual assistants rather than doing everything yourself.
- This business allows passive income without needing to be there 10 hours a day like a regular job. The key benefit is earning good money while freeing up time.
- Rent to SA suits those wanting huge profits or simply an extra £1,000+ per month. It's the lowest input, highest revenue property strategy.
BEST MOMENTS
"Buy property early and keep hold of anything that you buy, which is pretty much what I've done."
"I can revenue the best month I had on the property was about 11 and a half grand revenue. And I think that was net profit to me of about three and a half to four grand."
"It's the lowest input, highest revenue property strategy that's out there."
"You got two ears for a reason and two ears and one mouth for a reason, don't you. So listen first and, and sort of talk later."
"At the end of the day, none of us are getting any younger. You got just, just do it basically, just jump in and do it."
HOST BIO
Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years.
This AirBnB Business has allowed each of them to create their own tailor made ‘lifestyle by design’.
Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.
CONTACT US
Facebook - https://www.facebook.com/lifebeyondbroke
Instagram - https://www.instagram.com/lifebeyondbroke
TikTok - https://www.tiktok.com/@lifebeyondbroke
YouTube - https://www.youtube.com/@Lifebeyondbroke/
View all episodes
By Alex MannockDarren O’Reilly joins the podcast in this episode to share his inspiring journey from mechanic to property mogul! Learn how he went from redundancy to amassing a multi-million pound portfolio, including commercial units, HMOs and Airbnbs. Find out how the SA model allowed Darren to generate life-changing passive income with little money down. You'll hear the ups and downs of his ventures, from running a vinyl record store in his early 20s to overcoming huge personal obstacles before discovering creative real estate strategies. With insight on finding landlords, managing properties, avoiding common pitfalls and scaling your portfolio, this information-packed episode will not disappoint!
https://bit.ly/DarrenOReilly
https://airbnbconsultant.co/
KEY TAKEAWAYS
- Buy property early and hold it long-term, using rental income as your "pension pot" rather than selling. This avoids tax and generates more money.
- Be honest and genuine when approaching landlords - establish rapport and solve their problems to convince them your strategy is better than traditional lets.
- Use services like Airbnb and Booking.com to rent other people's properties to leisure and business travellers via your own company. This is the rent-to-service accommodation (SA) model.
- Aim for at least £1,000 profit per SA property per month. Meet costs like rent, cleaning and marketing to achieve this. Income fluctuates so focus on the annual average.
- Landlords worry about damage and many mistakenly think AST contracts protect them more than corporate lets. Explain the power lies with tenants and your business faces faster eviction.
- It's essential to have systems and staff in place to scale. Outsource cleaning and management using virtual assistants rather than doing everything yourself.
- This business allows passive income without needing to be there 10 hours a day like a regular job. The key benefit is earning good money while freeing up time.
- Rent to SA suits those wanting huge profits or simply an extra £1,000+ per month. It's the lowest input, highest revenue property strategy.
BEST MOMENTS
"Buy property early and keep hold of anything that you buy, which is pretty much what I've done."
"I can revenue the best month I had on the property was about 11 and a half grand revenue. And I think that was net profit to me of about three and a half to four grand."
"It's the lowest input, highest revenue property strategy that's out there."
"You got two ears for a reason and two ears and one mouth for a reason, don't you. So listen first and, and sort of talk later."
"At the end of the day, none of us are getting any younger. You got just, just do it basically, just jump in and do it."
HOST BIO
Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years.
This AirBnB Business has allowed each of them to create their own tailor made ‘lifestyle by design’.
Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.
CONTACT US
Facebook - https://www.facebook.com/lifebeyondbroke
Instagram - https://www.instagram.com/lifebeyondbroke
TikTok - https://www.tiktok.com/@lifebeyondbroke
YouTube - https://www.youtube.com/@Lifebeyondbroke/