In this episode of the Serviced Accommodation Property Podcast, host Kevin Poneskis interviews Will Parry, CEO of Altido, a hospitality management company that manages hotels and service accommodations across Western Europe. Will shares his journey and the story of Altido, as well as lessons he's learned along the way that may be useful to listeners as they grow their own businesses and portfolios. 

KEY TAKEAWAYS

• Altido started as a small Airbnb management company and has since grown through mergers and acquisitions, with a goal to diversify and establish an international footprint to attract potential investors and achieve an exit one day.

• The speaker emphasizes the importance of having experienced staff and operational systems in property management, as well as building and investing in a central office to run core functions.

• Altido is a full management operator for urban properties in Europe, but also offers services to support other businesses and individuals who don't have the time to deal with guests, marketing, and revenue management.

• The speaker talks about how their hard work and industry connections led to a stroke of luck where they were able to buy clients from a company that had gone into administration, and how their remote team in Bulgaria has grown to 100 people.

• The speaker discusses important factors to consider when starting a business, including diversification, passive income, ambitions, and whether the business is a lifestyle or impact business, as well as the importance of maintaining growth and managing fixed overheads, particularly for seasonal businesses.

BEST MOMENTS

• "Altido started as a small Airbnb management company and has since grown through mergers and acquisitions. They now manage over 2000 properties and have over 1000 beds through their pop-up hotel model."
• "Altido is a full management operator for urban properties in Europe, but also offers services to support other businesses and individuals who don't have the time to deal with guests, marketing, and revenue management."
• "Important factors to consider when starting a business, including diversification, passive income, ambitions, and whether the business is a lifestyle or impact business."

VALUABLE RESOURCES

Discovery Day Sign-Up Page - https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676

The Serviced Accommodation Property Podcast - https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2

https://propertysoldier.co.uk/

Serviced Accommodation Success by Kevin Poneskis

Rich Dad, Poor Dad by Robert T Kiyosaki

ABOUT YOUR HOST

Your host Kevin Poneskis enjoys public speaking, travelling, exercising, and keeping fit. He also enjoys working with a charity called STOLL which provides accommodation and training for homeless veterans.

Kevin was in the British Army serving 24 years, mostly in a Commando unit, and retired at the rank of Regimental Sergeant Major. He left the Army in 2011 and became a full-time property investor. During most of his Army career, Kevin was investing in property and has been a property investor now for over 27 years. 

CONTACT METHOD

https://en-gb.facebook.com/propertysoldier/

[email protected]

Turning HMOs into SAs is very profitable. In this episode, Kevin explains how to tap into the fact that a lot of HMO landlords have just had enough and are ready for you to come in and set them up for SA.

Kevin covers section 24 and capital allowances, how to handle current HMO tenants, and the other steps you need to go through to convert an HMO to SA. As well as telling you how to easily find HMO landlords that will want you to run their properties as SAs on their behalf.

KEY TAKEAWAYS

• Running an HMO is not a hands off business model. Often, it feels like you are babysitting adults. SA is easier and more lucrative.
• SA gets around the looming EPC issue for landlords.
• Online portals like Gumtree are the best way to find the kind of landlords who would be interested in SA management. Kevin shares several other sources.
• Work out what to do with existing HMO tenants. Kevin goes through the options.
• With certain kinds of mortgages, you will need permission to convert to letting.
• The language and phrases you use with lenders, the council, etc when switching is important. Kevin explains what to say to avoid the main pitfalls.
• For SA Management fees of 15 to 20% are about right. But the costs and risks need to sit with the owner, not you.

BEST MOMENTS

‘I had to spend a lot of money to get it (an HMO room) back into a rentable condition.’

‘With SA management, you take the property on a straight management agreement,’

VALUABLE RESOURCES

Discovery Day Sign-Up Page - https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676

The Serviced Accommodation Property Podcast - https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2

https://propertysoldier.co.uk/

Serviced Accommodation Success by Kevin Poneskis

Rich Dad, Poor Dad by Robert T Kiyosaki

ABOUT THE HOST

Your host Kevin Poneskis enjoys public speaking, travelling, exercising, and keeping fit. He also enjoys working with a charity called STOLL which provides accommodation and training for homeless veterans.

Kevin was in the British Army serving 24 years, mostly in a Commando unit, and retired at the rank of Regimental Sergeant Major. He left the Army in 2011 and became a full-time property investor. During most of his Army career, Kevin was investing in property and has been a property investor now for over 27 years. 

CONTACT METHOD

https://en-gb.facebook.com/propertysoldier/

[email protected]

In this episode, the extremely experienced capital allowances surveyor explains how they can be used to make most property business models far more profitable. How to set things up so that you can legitimately earn money tax free.

He shares several use cases and covers sideways loss relief, land remediation relief, energy efficient enhancements and ensuring you use the allowance for the right area of your tax return. As well as how to maximise the £1 million per year of allowances that are available.

KEY TAKEAWAYS

• Capital Allowances enable you and JV partners to earn a lot of tax-free money.
• You need an expert. Not having one can be a very costly mistake.
• If you buy a property from someone who could have claimed capital allowances put the right clauses in the contract.
• Whenever you spend money on a property there is the chance to leverage capital allowances.
• You can claim up to £1 million per year.
• 10 years ago, HMRC stated that 96% of property transactions had not fully utilised the available tax relief.
• Capital allowances are an incredibly powerful way to close rent to SA deals.
• Kitchens, bathrooms, electrical systems and many more items are considered as plant and machinery which can be used for capital allowances.
• Capital allowances are great for improving cashflow and enabling you to legally trade tax free for long periods of time.
• In some cases, you can claim 150% tax relief.

BEST MOMENTS

‘You're allowed to claim the full replacement cost of all of that plant and machinery (e.g., kitchens) when you buy a second-hand property’

‘£28,000 of tax can be saved for every £100,000 of expenditure on your property.’

EPISODE RESOURCES

Email: [email protected]

Call: 0845 467 2765

Website: https://www.exactca.co.uk

VALUABLE RESOURCES

Discovery Day Sign Up Page - https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676

The Serviced Accommodation Property Podcast - https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2

https://propertysoldier.co.uk/

Serviced Accommodation Success by Kevin Poneskis

Rich Dad, Poor Dad by Robert T Kiyosaki

ABOUT THE HOST

Your host Kevin Poneskis enjoys public speaking, travelling, exercising, and keeping fit. He also enjoys working with a charity called STOLL which provides accommodation and training for homeless veterans.

Kevin was in the British Army serving 24 years, mostly in a Commando unit and retired at the rank of Regimental Sergeant Major. He left the Army in 2011 and became a full-time property investor. During most of his Army career, Kevin was investing in property and has been a property investor now for over 27 years.

CONTACT METHOD

https://en-gb.facebook.com/propertysoldier/

[email protected]

Gary Das is the founder and CEO of Active Financial. He is a mortgage expert that has raised more than a £billion in finance for his clients, many of whom are self-employed. Gary is also a social media expert, podcaster, and entrepreneur. In this episode he talks about Serviced Accommodation financing.

He explains the differences between a buy to let mortgage and one for SA and how to work out how much you can borrow. Gary also provides an insight into what criteria lenders are using right now.

KEY TAKEAWAYS

• Not all lenders understand the serviced accommodation model. They can have quite different criteria.
• With SA you must be careful what you say when you apply.
• Ideally you want to have a minimum income of 25k per year.
• Gary explains in the podcast how to calculate how much you can borrow.
• You need to be aware that there are regulated and un-regulated loans.
• Take care to understand the fees and early repayment penalties.

BEST MOMENTS

‘It's really important to understand what the property is for, and which lender is actually doing which of the two options.’

‘Your circumstances are a puzzle. It's about piecing that puzzle together to get you the right lender to get you the most appropriate deal for your circumstances.’

‘Finance first, the key is in the preparation.’

EPISODE RESOURCES

The Self-Employed Mortgage Guide - https://www.theselfemployedmortgageguide.co.uk

VALUABLE RESOURCES

Discovery Day Sign Up Page - https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676

The Serviced Accommodation Property Podcast - https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2

https://propertysoldier.co.uk/

Serviced Accommodation Success by Kevin Poneskis

Rich Dad, Poor Dad by Robert T Kiyosaki

ABOUT THE HOST

Your host Kevin Poneskis enjoys public speaking, travelling, exercising, and keeping fit. He also enjoys working with a charity called STOLL which provides accommodation and training for homeless veterans.

Kevin was in the British Army serving 24 years, mostly in a Commando unit and retired at the rank of Regimental Sergeant Major. He left the Army in 2011 and became a full-time property investor. During most of his Army career, Kevin was investing in property and has been a property investor now for over 27 years.

CONTACT METHOD

https://en-gb.facebook.com/propertysoldier/

[email protected]

Richard Stone has been in construction for more than 40 years and has completed over £300 million worth of property and 3500+ refurbs. In this podcast, he shares his wealth of experience to help you to maximise your profits. This episode is particularly useful for those wanting to move into commercial conversions for serviced accommodation.

He covers how to comply with construction HSE and CDM regs. The CIA tax scheme. Hiring the right contractors for the price, scaffolding, and getting accurate design drawings without paying a fortune.

KEY TAKEAWAYS

• All refurbs are construction projects, so you must comply with the regulations for that industry.
• Complying with HMRC´s CIA scheme removes any danger of your having to give HMRC 30% of your labour costs.
• Paying contractors using the CIA improves cash flow and helps you to employ decent workers.
• Take references and always check the person has the qualifications and experience they claim to have.
• Providing contractors with detailed drawings and specs pays dividends.
• Don’t just buy on price, satisfy yourself that the firm can complete the job properly for that price.

BEST MOMENTS

‘If you are in property and you are doing refurbs, you are in the construction industry.’

‘Getting the right set of drawings done on any job will save you money, you don't have to go and spend £10,000 on an architect.’

‘Systems save you sanity, time, emotion, and your mental well-being.’

VALUABLE RESOURCES

Discovery Day Sign Up Page - https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676

The Serviced Accommodation Property Podcast - https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2

https://propertysoldier.co.uk/

Serviced Accommodation Success by Kevin Poneskis

Rich Dad, Poor Dad by Robert T Kiyosaki

GUEST RESOURCES

Instagram - https://www.instagram.com/rmstone2011/

LinkedIn - https://uk.linkedin.com/in/richardmstone

Website - https://richardmstone.co.uk/

ABOUT THE HOST

Your host Kevin Poneskis enjoys public speaking, travelling, exercising, and keeping fit. He also enjoys working with a charity called STOLL which provides accommodation and training for homeless veterans.

Kevin was in the British Army serving 24 years, mostly in a Commando unit and retired at the rank of Regimental Sergeant Major. He left the Army in 2011 and became a full-time property investor. During most of his Army career, Kevin was investing in property and has been a property investor now for over 27 years. 

CONTACT METHOD

https://en-gb.facebook.com/propertysoldier/

[email protected]

In this episode, Dan Eaton explains how he has used the commercial conversion into serviced accommodation method to create a portfolio worth £18m in 5 years. A group of properties that generates thousands in profit, every week.

Dan explains why commercial to SA conversions deliver 6 figure profits yet are not complicated or particularly time-consuming. He explains how to leverage, low purchase costs, built-in parking, take advantage of capital allowances and easily get permission to convert and funding for these projects, in just a few months.

KEY TAKEAWAYS

• Commercial conversions enable you to make 6-figures from one deal, for the same amount of time-effort for a single resident to SA conversion.
• The commercial building-to-serviced accommodation model is far simpler than most people think.
• Commercial buildings often have parking and are typically cheap to buy.
• Once you have your first SA set up, reinvest it into another conversion.
• Using prior approval regulations gets around most of the planning delays and issues. Dan explains more in the episode.
• Money is everywhere, so funding need never be an issue. Dan shares ways to secure the funds.

BEST MOMENTS

‘£510,000 profit from that one building.’

‘get paid in direct proportion to the value we deliver according to the marketplace.’

EPISODE RESOURCES

Secrets of the Millionaire Mind - https://www.amazon.co.uk/Secrets-Millionaire-Mind-Think-rich/dp/0749927895/

VALUABLE RESOURCES

Discovery Day Sign Up Page - https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676

The Serviced Accommodation Property Podcast - https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2

https://propertysoldier.co.uk/

Serviced Accommodation Success by Kevin Poneskis

Rich Dad, Poor Dad by Robert T Kiyosaki

ABOUT THE HOST

Your host Kevin Poneskis enjoys public speaking, travelling, exercising, and keeping fit. He also enjoys working with a charity called STOLL which provides accommodation and training for homeless veterans.

Kevin was in the British Army serving 24 years, mostly in a Commando unit and retired at the rank of Regimental Sergeant Major. He left the Army in 2011 and became a full-time property investor. During most of his Army career, Kevin was investing in property and has been a property investor now for over 27 years. 

CONTACT METHOD

https://en-gb.facebook.com/propertysoldier/

[email protected]

Mark Homer has transformed over 6,000 square feet of commercial properties for residential use. The value of his property portfolio exceeds £37 million. He owns or controls well over one thousand properties and is one of Kevin´s mentors.

In this Q & A session Mark talks about the government's plans to reform serviced accommodation, the impact of council tax increases and what property investing is likely to look like in a recession. He also talks about claiming back VAT, the benefits of LLPs, sideways loss relief and much more.

KEY TAKEAWAYS

• Setting up SA properties now makes a lot of sense. At some point, levels of regulation will increase.
• When it comes to changes in council tax, often, it is possible to make your property fit into a better category.
• Mark typically invests in business models that have been working for years and are likely to still work decades from now.
• In an inflationary period, short leases are typically better. Mark explains why in the podcast.
• Develop long-term relationships with more than one lender.
• Buy as much as you can as soon as you can. It is the capital growth that will make you wealthy.
• Be agile, and constantly learn.
• Do not let yourself be distracted e.g., worry about why a rule has changed. Instead, focus, find a solution, reset your sail, and move on.
• Typically, if property prices drop, they do so quite slowly. It can easily take 18 months or more to bottom out.

BEST MOMENTS

‘Just plan for what you can deal with now.’

‘You need to be able to reverse out of the strategy you are in and pivot into something else.’

VALUABLE RESOURCES

Discovery Day Sign Up Page - https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676

The Serviced Accommodation Property Podcast - https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2

https://propertysoldier.co.uk/

Serviced Accommodation Success by Kevin Poneskis

Rich Dad, Poor Dad by Robert T Kiyosaki

GUEST RESOURCES

TBC

ABOUT THE GUEST

ABOUT THE HOST

Your host Kevin Poneskis enjoys public speaking, travelling, exercising, and keeping fit. He also enjoys working with a charity called STOLL which provides accommodation and training for homeless veterans.

Kevin was in the British Army serving 24 years, mostly in a Commando unit and retired at the rank of Regimental Sergeant Major. He left the Army in 2011 and became a full-time property investor. During most of his Army career, Kevin was investing in property and has been a property investor now for over 27 years.

CONTACT METHOD

https://en-gb.facebook.com/propertysoldier/

[email protected]

In this episode, Kevin explains how anyone can get a free Serviced Accommodation (SA) mentoring call. This is a fantastic opportunity for people who are already running SA properties to take things to the next level. Or for someone who has a property that they want to convert to SA. There is still time to do this and cash in on the staycation boom.

KEY TAKEAWAYS

• SA is booming.
• There are multiple SA business models, which are all easy to set up using Kevin´s approach.
• It is not too late to tap into the staycation boom.
• One of the people who recently took this training, acted immediately and made £6000 using the rent to SA model, in her 1st month

BEST MOMENTS

‘There`s some significant drivers right now that are swinging the pendulum in the favour of serviced accommodation. ’

‘You haven´t missed the staycation boom, this year’

EPISODE RESOURCES

Training and mentoring call offer - Email [email protected] asking for a ticket or mentoring call.

VALUABLE RESOURCES

Discovery Day Sign Up Page - https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676

The Serviced Accommodation Property Podcast - https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2

https://propertysoldier.co.uk/

Serviced Accommodation Success by Kevin Poneskis

Rich Dad, Poor Dad by Robert T Kiyosaki

ABOUT THE HOST

Your host Kevin Poneskis enjoys public speaking, travelling, exercising, and keeping fit. He also enjoys working with a charity called STOLL which provides accommodation and training for homeless veterans.

Kevin was in the British Army serving 24 years, mostly in a Commando unit and retired at the rank of Regimental Sergeant Major. He left the Army in 2011 and became a full-time property investor. During most of his Army career, Kevin was investing in property and has been a property investor now for over 27 years. 

CONTACT METHOD

https://en-gb.facebook.com/propertysoldier/

[email protected]

This episode is all about how to turn your time into money, using social media. Gary Das who has his own mortgage brokerage explains how he earns seven figures from social media without any ad spending.

He provides you with a five-step process that will stop you from wasting time on social media, target your efforts and turn your time into money.

KEY TAKEAWAYS

• Knowing your audience is essential.
• Make your message laser targeted.
• Video is extremely powerful, and it can be repurposed in so many different ways.
• The idea of a lead magnet is to capture those who are interested, but not yet ready to buy.
• Once you have a lead, follow up properly, provide value, be patient and convert.
• Follow-up and maintaining relationships can all be automated.
• Make people aware of problems, then provide an answer.

BEST MOMENTS

‘Garry has raised or earned seven figures from social media with no ad spend’

‘Don´t try to be all things to all people.’

‘Personal brand is the power now on social media.’

VALUABLE RESOURCES

Discovery Day Sign Up Page - https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676

The Serviced Accommodation Property Podcast - https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2

https://propertysoldier.co.uk/

Serviced Accommodation Success by Kevin Poneskis

Rich Dad, Poor Dad by Robert T Kiyosaki

GUEST RESOURCES

Facebook: https://www.facebook.com/GaryDas

YouTube: https://www.youtube.com/c/GaryDasPRO/

LinkedIn: https://uk.linkedin.com/in/gary-das-26557114

Instagram: https://www.instagram.com/garydas/?hl=en

Twitter: https://twitter.com/garydas

Website: https://garydas.com/

ABOUT THE HOST

Your host Kevin Poneskis enjoys public speaking, travelling, exercising, and keeping fit. He also enjoys working with a charity called STOLL which provides accommodation and training for homeless veterans.

Kevin was in the British Army serving 24 years, mostly in a Commando unit and retired at the rank of Regimental Sergeant Major. He left the Army in 2011 and became a full-time property investor. During most of his Army career, Kevin was investing in property and has been a property investor now for over 27 years.

CONTACT METHOD

https://en-gb.facebook.com/propertysoldier/

[email protected]

In this episode, Kevin explains why there a lot of landlords out there who are already struggling with their investment properties and why things are likely to get worse for many of them. 

Section 24 is already an issue and increasing energy bills are now a big problem. New EPC regulations are also on the horizon and that is going to have a significant impact financially on a lot of landlords - and not in a good way!

With Serviced Accommodation you can either avoid these issues or cope with them a lot better.

KEY TAKEAWAYS

• Landlords are facing multiple issues which switching to SA can ease.
• Everyone likes win-wins, you can help landlords to solve their issues, while profiting yourself.
• Many landlords will need to spend thousands to meet EPC standards by 2025, with SA you don´t have to.
• With SA you can potentially use an app to control the heating, to reduce power costs.
• With SA you can use capital allowances to 35% of the property´s value to earn tax free income.
• With SA any energy saving plant or machinery e.g., solar panels, generates 150% relief.
• Even if you do not have the cash to buy you can still benefit by using the rent to buy SA model.

BEST MOMENTS

‘There´s never been a better time than now to create these win-win situations.’

‘Where there is adversity, there are opportunities.’

VALUABLE RESOURCES

Discovery Day Sign Up Page - https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676

The Serviced Accommodation Property Podcast - https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2

https://propertysoldier.co.uk/

Serviced Accommodation Success by Kevin Poneskis

Rich Dad, Poor Dad by Robert T Kiyosaki

EPISODE RESOURCES 

Send an Email to [email protected] to get your ticket for Kevin´s free Serviced Accommodation Discovery Day or go here to register directly https://progressiveproperty.online/serviced-accommodation-discovery- 

register/AMB0676. It takes place over Zoom, so anyone can attend.

ABOUT THE HOST

Your host Kevin Poneskis enjoys public speaking, travelling, exercising, and keeping fit. He also enjoys working with a charity called STOLL which provides accommodation and training for homeless veterans.

Kevin was in the British Army serving 24 years, mostly in a Commando unit and retired at the rank of Regimental Sergeant Major. He left the Army in 2011 and became a full-time property investor. During most of his Army career, Kevin was investing in property and has been a property investor now for over 27 years. 

CONTACT METHOD

https://en-gb.facebook.com/propertysoldier/

[email protected]