The Serviced Accommodation Property Podcast

In his 100th Property Nomad Podcast Kevin explains why now is a great time to get into Serviced Accommodation (SA). He shares 7 different reasons. Then, explain how you can set up your own Serviced Accommodation property up and running. Potentially, within days. As well as talking about securing finance, leveraging falling house prices, vendor finance and much more.

Remember Serviced Accommodation means – more money, less tax, and no tenants. Listen to find out how to get access to Kevin´s Discovery Day workshop, so that you can get into SA, right now.

 

KEY TAKEAWAYS

• It's not too late to cash in on the staycation boom this summer.
• You can potentially set up a serviced accommodation business within days.
• Inflation is making it easier to raise finance. Kevin explains why.
• House prices dropping creates multiple opportunities for SA entrepreneurs.
• Turning HMOs into SA has the potential to make your life easier while making you more money.
• Look for the win-wins.

 

BEST MOMENTS

‘The staycation boom is back.’

‘There has never been a better time to raise finance.’

‘This is where the seller of the property is financing your purchase of their property.’

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]

Energy prices are going up, as we all know, but I believe this is going to create opportunities for SA operators. The other issue currently well on the horizon is the EPC changes for landlords and I also think this is going to create opportunities and here I will explain why.

 

KEY TAKEAWAYS

• For new buy to lets and most HMOs you will have to achieve an EPC rating of C.
• For SA rising energy prices are less of a challenge than they are for HMO owners.
• Many landlords will be wanting to turn HMOs into SAs, which creates a fantastic business opportunity that Kevin reveals in the podcast.
• Capital allowances can be used for serviced accommodation to significantly reduce the landlord’s tax bill.
• When things change, there are always opportunities. Adversity pushes you to work out how to do things differently.

 

BEST MOMENTS

‘I´ve just turned an HMO into serviced accommodation.’

‘More money, less tax and no tenants is an attractive proposition for landlords.’

 

 

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]

Shaz Nunez is an accountant who also runs several property businesses of his own. In this episode, he talks about the potential tax benefits of using the serviced accommodation model. He covers the subjects of leveraging capital allowances, legally avoiding section 24, investment allowances, taxable losses, and sideways loss relief. As well as talking through the subject of company structure and ways the SA model can be used to help you to build a decent pension pot. Alongside several other important subjects, as well as briefly talking about furnished holiday lets.

In this episode, Kevin introduces Henry Ghijben, who has been involved in business for 14 years. He also runs his own serviced accommodation properties and is in the process of setting up a property management service.

 

He shares the four pillars every entrepreneur needs to be put in place. Foundations that enable them to build a stable, sustainable, and easy to run business. Henry shares plenty of practical examples of how to do this, including several insider tips.

 

KEY TAKEAWAYS

• Roughly 80% of businesses fold within the first year.
• Putting the four pillars in place creates a robust business, which you do not have to work 70 hours a week to maintain.
• Knowing your numbers enables you to make decisions and close deals fast. In the podcast, Henry lists out the numbers SA owners need to memorise.
• Constantly track your conversion rate for all of your marketing and use that data.
• Learn to influence your elephant! – all is revealed in the podcast.
• Be proactive. (MSH)
• Use the backdoor technique Henry shares to get extra bookings.
• Having the right culture, values and morals pays dividends.
• Systemize things to ensure you give people the same excellent experience, every single time.
• Failure is only a negative if you don´t learn from it.

 

BEST MOMENTS

‘Always be reviewing’

‘Culture is about looking after your team, it´s about having your morals and values all in one place

‘Systemisation is the glue for a business. It´s what makes everything work.’

 

 

 

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

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

LinkedIn: https://uk.linkedin.com/in/henri-ghijben-4296044b

 

Switch: by Chip and Dan Heath - https://www.amazon.co.uk/Switch-change-things-when-hard-ebook/dp/B005TKD512/

Who Not How by Dan Sullivan – https://www.amazon.co.uk/Who-Not-How-Accelerating-Teamwork/dp/B08KYLJ29H/

The E-Myth by Michael E Gerber - https://www.amazon.co.uk/Myth-Revisited-Small-Businesses-About-ebook/dp/B000RO9VJK

Traction by Gino Wickman - https://www.amazon.co.uk/Traction-Get-Grip-Your-Business-ebook/dp/B007QWLLV2/

Black Box Thinking by Matthew Syed - https://www.amazon.co.uk/Black-Box-Thinking-Surprising-Success-ebook/dp/B00PW634YQ/

 

 

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 to sell the benefits of serviced accommodation management to landlords you want to work with. It is a business model relatively few people understand, so it is important to know how to explain it clearly and sell the idea to property owners. He also talks about why the EPC C category change is going to turn out to be an opportunity for SA business owners.

 

Here are some of the six benefits Kevin covers, in this episode:

 

KEY TAKEAWAYS

• Ordinary tenants do not keep properties in show home condition.

• No problem tenants to manage.

• Potentially, the landlord can make more money. In this section, Kevin also talks about section 24 and capital allowances. 

• Getting most properties to EPC C standards is going to be expensive for landlords. As a result, many will put their properties up for sale before the 2025 deadline.

• In a future episode, Kevin is going to cover the difference between rent to SA and SA management

BEST MOMENTS

‘So, show home condition is the main benefit to landlords.’

‘You can use section 24 to incentivise them to give you their properties.’

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]

 

Mikey Small is a serviced accommodation operator manager, owner, and investor with 21 properties. He talks through his journey, sharing along the way tips that anyone can use to succeed in property as he has done.

 

KEY TAKEAWAYS

• Read the right books to educate yourself. Several are recommended in the podcast.
• Don´t doubt yourself. 
• If the work that you are doing does not feel right, switch directions. You will discover that there is something better for you out there.
• Rent to rent has a low entry cost and is still highly lucrative.
• Don´t give up, you are not likely to land your first deal. Just keep trying.
• Your first deal is the hardest. Once you do it things get easier because you have credibility.
• JV partnerships enable you to move far faster.
• Always have two exits with SA.

 

BEST MOMENTS

‘Sometimes you’ve just got to adapt and move on.’

‘Get used to working in discomfort because that´s where the growth happens.’

‘There are plenty of deals in the sea.’

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

https://clubhousedb.com/user/mikeypsmall

 

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]

Jehan Annis has several businesses, as well as being a chartered accountant and experienced property investor. He has done a lot of buy-refurbish-refinance projects. Alongside HMOs and serviced accommodation. 

Today, his main focus is handsfree serviced accommodation portfolio building, which is what he covers in this podcast. He explains how he runs his properties and how he is now enabling investors to benefit from that successful approach, starting with an investment of as little as 5K.

 

KEY TAKEAWAYS

• HMOs can be niched e.g., set up to house professionals, students, or as social tenants.
• For both HMOs and SA, long-term bookings have many benefits.
• Having a cookie-cutter approach to each property saves time and money.
• Sourcing properties and providing staging and management as a package is an extremely lucrative property business model, which Jehan explains in the podcast.
• Currently, there is a huge demand in the UK for property sourcing.

 

 

BEST MOMENTS

‘My preference was cash flow and therefore I choose HMO conversions.’

‘There are just so many people out there that are looking to buy (property) to the point where we cannot meet that demand’

 

 

VALUABLE RESOURCES

Discovery Day Sign Up Page - https://progressiveproperty.online/serviced-accommodation-discovery-register/AMB3258

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

https://thestarsterling.com/

Phone - +44 7955 765066

 

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, we hear from Kiran Patel, the MD of Venture Finance who is a chartered accountant and broker that has worked on all kinds of property projects. Including HMOs, Buy-to-let, property flips, serviced accommodation, and commercial property. Helping clients to finance and leverage their acquisitions and portfolios.

He explains how to get commercial property properly valued. More importantly – how to get it financed at a decent rate. For this episode, Kiran focuses on how to do this for a commercial property that is going to be used for serviced accommodation. Using several examples, during the podcast. As well as explaining how to choose a good broker.

 

KEY TAKEAWAYS

• Bridging loans can be used to purchase properties that are categorized as unmortgageable e.g., ones with structural problems.
• Most people will qualify for bridging finance.
• Bridging or development finance is expensive. So, you need to have a robust exit plan in place.
• For a new property development model gain experience through a JV before doing one yourself. This will make you more attractive to lenders.
• Find a broker before searching for a deal. That way, you can move fast, before the opportunity disappears.
• It is usually possible to get 75% value to mortgage and 100% works and fees financing.
• Be prepared. In the podcast, Kiran lists out what information your broker will need.
• Use a broker that invests in property themselves and is recommended by other investors.
• The capital value per unit (room) is one of the key metrics for SA property finance. Kiran covers the other valuation elements and does so in great detail.
• With SA, lenders look at supply and demand in the area and what makes your property different from what is already available.
• If you are leasing out ground floor units to businesses, frequently having a national brand as a tenant is best.
• Always get a valuer to evaluate what your block will be worth in the end. Do your due diligence.

 

BEST MOMENTS

‘We personally use the commercial finance that we provide for our clients.’

‘Always prepare a project appraisal and or a business plan for the deal.’

‘You are never going to know how a valuer is going to value something, but it is good to understand the process.’

‘Just pay for a risk valuer to go out…it’s just the cost of due diligence.’

 

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

Website: https://www.venturefinanceuk.com
Email: [email protected]
Facebook: https://www.facebook.com/venturefinance.propertyfinance/
LinkedIn: https://www.linkedin.com/company/venture-finance

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 particularly important podcast, Kevin talks about why so many of us have a negative mindset about having lots of money and how that holds us back. He explains how to overcome this mindset that has been subtly ingrained into many of us, from childhood.

 

Also, in this podcast, Kevin asks you to support him in raising money for a charity that is very dear to him. In exchange, he makes an amazing offer. One that enables listeners to get the training they need to create a highly profitable business that can be made virtually hands-free. It includes direct training with Kevin, for which there is no charge.

 

KEY TAKEAWAYS

• As children, most of us are taught that having a lot of money is somehow a bad thing e.g., money is the root of all evil.
• There is also a belief in society that rich people made their money off the back of other people.
• When people find a good way to make money, often, their negative relationship with money holds them back.
• As long as you are not exchanging all of your time for money, money can make you happy.
• Having money is a great facilitator. It enables you to literally do anything you want while doing a huge amount of good.
• In the podcast, Kevin shares a simple exercise you can do to turn a negative mindset surrounding money into a positive one.
• During the podcast, Kevin explains how to access free training with him while helping a charity that is important to him.

 

BEST MOMENTS

‘We´re conditioned from birth to have a negative mindset around money.’

‘Money can buy you happiness if it allows you to do the things that are most important for you.’

‘The skillset without the mindset will leave you upset.’

 

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

Link to buy Property Soldier by Kevin Poneskis - https://amzn.to/303rSvI

Send proof of purchase to - [email protected]

 

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´s guest is Jackie (Jacs) Hodson, an interior design expert who also runs several SA properties. She is also the creative director of Free-Range Stays. Jacs explains how to present your properties so that they stand out online. As well as how to make guests go Wow! When they walk in the door. 

All of which results in far more and longer bookings. Her Power of Three approach is practical and easy for any SA property owner to implement. 

 

KEY TAKEAWAYS

• Your aim is to make your guests stop scrolling and go Wow!! when they walk in the door.
• Everyone´s wow factor is different. Identify and understand your customer (avatar)
• Most people are looking to stay in an elevated version of home. 
• Little touches make a huge difference e.g., current takeaway menus, or nice toys for the kids. 
• It is possible to make money by becoming an affiliate for the products that are in the property. Jacs explains how in the podcast.
• Think about how you are going to clean and maintain every item.
• Make it easy for guests to create special memories of their stay.
• Little touches like big wardrobes and decent crockery that is a notch up from the norm make a surprisingly big difference.
• Invite your guests to call you if they need anything.

 

BEST MOMENTS

‘Who you are actually trying to market to is so key to how you design your interiors’

‘Create memories for the families that come to stay.’

 

VALUABLE RESOURCES

https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676

The Serviced Accommodation Property Podcast - 

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/Milliesinteriors/

Website - https://www.milliesinteriors.com/

Contact – [email protected]

Instagram - www.instagram.com/millie.interior

 

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]