Simon discusses serviced accommodation, explaining how to get the most out of this incredible strategy, and make it work for you!

KEY TAKEAWAYS

• Since the lockdown ended in the UK, many have taken the opportunity to holiday at home and see the delights we have to offer here, rather than going abroad. This has meant a sharp rise in popularity when it comes to serviced accommodation - a trend that is expected to continue.
• Serviced accommodation can be run along with a VA to handle bookings and admin, and a team on the ground to provide the physical services such as cleaning.
• There is a serviced market and a tourist market for serviced accommodation. The key is to catch both of those to maximise profitability.
• Always ensure that your mortgage provider is in agreement when it comes to your using the property as a serviced accommodation. You could be at risk of breaking your terms and conditions.

BEST MOMENTS

'This is an incredibly powerful strategy that you should consider as part of a balanced portfolio'

'It's a home from home'

'Thinking like a hotel is a very good way to see your serviced accommodation'

'The type of client you attract depends on the kinds of property you use'

VALUABLE RESOURCES

Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi

To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).

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ABOUT THE HOST

Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.

Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk.    pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.

Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.

Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.

Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.

CONTACT METHOD

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