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If you want a block management perspective for serviced accommodations, then this episode is for you! Today on the Serviced Accommodation Property Podcast, Desmond Moira, the Managing Director at Rynew Services, a company that focuses on block management.  

Most people think they can DIY their way to SA. Desmond highlights the importance of having knowledge and being trained before diving into serviced accommodations. Treat the leases as your own bible when dealing with rent to SAs. There are more tips that Desmond will share, so tune in. 

KEY TAKEAWAYS 

• Desmond manages 16 developments across 1200 residential units. Aside from this, he also hosts his own podcast, More with Moreira: The Business Podcast. 
• To make sure that a property may be converted to serviced accommodations, make sure you’ve read and understood the lease. Not everyone can interpret them; If legal jargon isn’t your forte, find a professional who can help you with it. 
• When asking for the lease, it’s best not to tell your intentions beforehand. Most of the owners would refuse, even though it’s legally allowed. 
• If the lease allows it, then you won’t have any issues with the block management as long as what you do is according to their ordinance and you don’t bring any inconvenience to the neighborhood. 
• Desmond’s advice for those who want their own properties be converted to SA: Yes, rent to SA’s earn well, but always make sure it’s managed properly. 

BEST MOMENTS 

• “The lease is complex. It’s the bible. It’s everything you should and shouldn’t do.” 
• “Check the lease first if serviced accommodation is allowed.”  
• “The whole point of investment is it to be hassle-free for other people.” 

VALUABLE RESOURCES 

• More With Moreira: The Business Podcast | Apple | Spotify | Omny 

ABOUT THE GUEST 

Desmond Moreira is a leaseholder, RMC Director, and a Block Management Company Owner. He also hosts his own podcast which focuses on starting or improving their business. 

• https://desmondmoreira.co.uk/  

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 a 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