The Serviced Accommodation Property Podcast

Register your interest in Serviced Accommodation Discovery Day here, and a member of our team will get back to you to confirm your place at your preferred date.

No one knows more about leveraging their business to achieve their ideal lifestyle than this week’s guest, Catherine Turner, the host of the Leveraged Lifestyle podcast.

This episode sees Catherine delivering a very special keynote address to a select group of attendees, in which she discusses the importance of leveraging and automation, and the ways in which Catherine herself managed to achieve her own leveraged lifestyle.

KEY TAKEAWAYS

• When we invest in property, we need to make sure that we are leveraging, outsourcing and automating to the best of our abilities, or we risk creating more work for ourselves.

• The belief that you are the only person who can run your business is all too common. We need to recognise that we can’t be the best at everything in the world.

• Social media is a very useful way of leveraging out the sourcing of clients. Agencies, too, are an invaluable way of handing off tasks so that you can free up your own time.

• Finding out about your tenants can often lead to further success. By discovering the lifestyle patterns of guests, you can more accurately predict their future interactions with you.

• Finding the right business partner is easy of your strengths and weaknesses are the same. It’s best to partner with someone who can do the things you’re not best at. That way you can cover more bases.

• You don’t always need to leverage by means of a person. There are so many systems out there that can help to lighten your load, and they come far cheaper in many cases. Automation is sometimes better than outsourcing.

• The systems that Catherine recommends in order to help make your business more exepdient are:
• Audio recordings of calls and meetings - this can make reference far easier
• Evernote - notes that sync between devices
• Lastpass - Ensures the smooth syncing and secure storage of logins and passwords, that can be easily shareable
• Quicktime Player - this can be used to record conversations

• VA’s, especially those working abroad, can be utilised at all times of the day. Perhaps they could run elements of your business while you’re asleep, so that you can essentially operate on a twenty-four hours basis.

BEST MOMENTS

• ‘Who need another day job?’
• ‘It was just me, a telephone, and a laptop’
• ‘For us this was all about building relationships’
• ‘You don’t need to reinvent the wheel’
• ’These things are working whether anyone’s working or not’
• ‘When do we ever have our ducks in a row?’   

VALUABLE RESOURCES

• The Serviced Accommodation Property Podcast
• Leveraged Lifestyle Podcast: www.bit.ly/itunesllpodcast

ABOUT THE GUEST

Catherine is host of the iTunes No.1 business podcast Leveraged Lifestyle, she is an entrepreneur, businesswoman, Inspirational Speaker, world record holder, Founder of Turner Invest and a mum of 2!

Catherine quit being an employee in 2013, after working more than 50+ hours on average a week, over 3 jobs. Jobs, hours and a lifestyle which led to a diagnosis of clinical depression before the age of 25.

In 2011/12 Catherine discovered the power of investing in property, and has experience in Single Lets, Flips, Deal packaging, House of Multiple Occupation (HMOs), Serviced Accommodation and Developments mainly in her home county of Essex, but also across the UK, helping investors, landlords and developers create a better return on their money or property.

Catherine started Leveraged Lifestyle podcast to share with business owners, entrepreneurs and those not leading their ideal lifestyle, the mindset and skill set it takes to create a lifestyle of freedom & choice.

Catherine has identified 7 key areas of leverage, which we can all tap into: time, money, knowledge, talent, experience, brand, our strengths. This coupled with the SOS model created by Stephen Turner (Catherine’s business partner & husband): Systemise, Outsource & Scale, Leveraged Lifestyle podcast is here to help you create a business that gives you the lifestyle you want.

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 majority of this 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 Property Podcast which educates people who want to explore and earn from serviced accommodation property investing.

CONTACT METHOD

• Kevin’s Facebook

Register your interest in Serviced Accommodation Discovery Day here, and a member of our team will get back to you to confirm your place at your preferred date.

This episode Kevin answers some of the most in demand questions that he’s being asked at the moment. This includes details on VAT, tax and what you can suggest to your landlord to keep them happy with what you’re doing. 

KEY TAKEAWAYS 

• When a landlord is getting a fixed rent but the property is being used for serviced accommodation, they can avoid section 24. 
• You’re probably safer off not mentioning to the landlord that they can avoid section 24 by doing rent to SA. 
• Serviced accommodation management is where the operator charges a percentage to the owner. 
• Promise the landlord to keep the property in show home condition, no voids or bad tenants. 

• You need to be wary of what the VAT complications could be if you’re looking to do rent to SA. You could agree to do a certain amount of revenue so that you don’t go over the VAT threshold.  
• You should speak to an accountant to give you proper advice. 

BEST MOMENTS 

‘There are many different names for rent to SA’ 

‘Wait for case law’ 

‘Be mindful of your own turnover’ 

VALUABLE RESOURCES 

The Serviced Accommodation Property Podcast 

https://propertysoldier.co.uk/ 

Simple Crowdfunding website 

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]  

Register your interest in Serviced Accommodation Discovery Day here, and a member of our team will get back to you to confirm your place at your preferred date.

In this episode, Kevin shares a chapter from his much-anticipated book, ‘Serviced Accommodation Success’ which is due out in March.

Kevin has created a process, the DEAL system, with end to end steps that can be followed by anyone who wants to know how to be successful in serviced accommodation.

Due diligence -  what type of property works is there demand in your area?

Explore - getting quotes, costs, and dealing with everything in your spreadsheet

Acquisition -  there are multiple acquisition strategies required

Logistics - the ongoing running of the SA property

If you want to create a business you must create a system that you and your team can follow and Kevin shares the details of due diligence for serviced accommodation in this fascinating podcast.

KEY TAKEAWAYS

D – Due Diligence

BEST MOMENTS

 ‘Make a list of the SA demand points in an area and choose the area’

‘You should always cater to demand if you want to make the most profit’ 

‘There isn’t a specific use class that fits all types of serviced accommodation’

‘The number of people at SA is the most likely reason neighbours will complain’

VALUABLE RESOURCES

The Serviced Accommodation Property Podcast

https://propertysoldier.co.uk/

Simple Crowdfunding website

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]

Register your interest in Serviced Accommodation Discovery Day here, and a member of our team will get back to you to confirm your place at your preferred date.

‘It’s about the power of the crowd, it’s getting that crowd to follow your brand’ 

In this episode, Davin Poonwassie from Simple Crowdfunding explains how you can crowdfund and get investors on board for your property business.

Simple Crowdfunding look at your project to make sure it’s viable, get all the information together to make sure it’s compliant and market alongside you to get it funded. 

You can crowd fund most things and you can effectively leverage a crowd funding platform that’s tried and tested and be compliant. Building your brand and being visible is key

and using a crowdfunding platform can make sure you are developing your brand and growing your crowd, listen in now and get started.

KEY TAKEAWAYS

Simple Crowdfunding allows you to communicate in a compliant way. You will be able to treat investors in the right way.

They can take ISA money and also allow pension money into raises.

Difference between peer to peer and equity

Equity is where the investors are getting a share of the project, they share the risk with you and you share the profit with them.

Equity is typically used at the top end of your capital stack.

Peer to peer is effectively loans, it’s a group of loans from a crowd of people. Lots of people putting in small amounts into your deal so you can set up your rent to SA.

Simple Crowdfunding offer peer to peer and equity which is are key aspects to consider when you are looking for a crowd funder.

A lot the changes in peer to peer were about how investors are categorised and how checks are undertaken to ensure they understand what they are doing.

Regulations came into force this month meaning that you can’t promote mini-bonds to retail investors.

There are 3 types of investors high net worth, sophisticated and retail.

This means you can’t market publicly because you don’t know who is seeing it.

Peer to peer doesn’t have this restriction, you can market your deal to the retail investor and build your brand.

Getting investors on board is easier than you think and Simple Crowdfunding can do that for you and after you have created the marketing will help you to make sure you are compliant.

Once people have been on-boarded properly you can tell the world, it will keep your investors informed and will build your crowd as others see it because building your brand, your crowd and visibility is key for your next investment.

BEST MOMENTS

‘You can leverage a crowdfunding platform that’s tried and tested and be compliant’

‘It matters because as you grow your business you will want different types of finance and will have built your brand through a platform’

‘Whatever you want to do – your brand is hugely important; people want to get to know who you are’

VALUABLE RESOURCES

The Serviced Accommodation Property Podcast

https://propertysoldier.co.uk/

Simple Crowdfunding website

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]

Register your interest in Serviced Accommodation Discovery Day here, and a member of our team will get back to you to confirm your place at your preferred date.

‘There is a strategy that just about everyone can get into’ 

In this episode, Kevin shares a mentee call where the questions focus on finding your goldmine area, the 90-day rule and whether Serviced Accommodation has to be a self-contained unit. If you are starting out identifying a viable area for your serviced accommodation is key for your business and Kevin shares some great advice on where to access data and information that will help you to make the right decision along with an in-depth look at the different classes serviced accommodation falls in to and what that means for the development of SA. This is a great listen with lots of value for anyone who is either looking to go into SA or is already on the journey. 

KEY TAKEAWAYS 

The goldmine area 

• Everyone wants to know where their gold mine area is 
• If the town has a population of over 70,000 then it will be viable for SA 

• The hotel futures report provides the market research and detailed indicators for short term accommodation and this information and data is applicable to Serviced Accommodation 
• Look for large businesses, universities, sports stadiums and building projects these all create demand for accommodation 

Does it have to be a self-contained unit? 

• If you are planning to develop a whole apartment SA, the most appropriate class is C3. 
• HMOs sit inside the housing act and are classed as C4 the people living there are not a family group or connected. 

• To let a property to individuals as SA by the room you need C1 class which is moving towards guest houses. 
• It can be dependant on how the council interprets the rules. 

The 90-day rule in London 

• In a calendar year, you can do up to 90 days of short letting. 
• The reality is only Airbnb is counting so if you are using other booking platforms you can exceed the 90 days. 

• You can approach people and if a company books you for longer periods you will not be breaching the 90-day rule. 

BEST MOMENTS 

‘All these people need accommodating’ 

‘Currently, there isn’t anything that is an ’X’ marks the spot’ 

‘You don’t need to exceed the90 day rule if you are proactive and secure bookings direct’ 

VALUABLE RESOURCES 

The Serviced Accommodation Property Podcast 

https://propertysoldier.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]  

Register your interest in Serviced Accommodation Discovery Day here, and a member of our team will get back to you to confirm your place at your preferred date.

‘Cleaners are one of the most important parts in our business, they are our eyes and ears as the people who are first into a property when guests leave’ 

In this hybrid episode, Khadija is interviewing Kevin about SA... And Kevin is interviewing Khadija about her cleaning business!

They discuss what’s important when you are starting out in Serviced Accommodation and the important role cleaning staff play in the operation of any Serviced Accommodation Business. 

This is a great podcast which offers an opportunity to see things from more than one perspective, listen in and enjoy. 

KEY TAKEAWAYS 

What if you are thinking of getting into SA? 

A lot of people do SA in the wrong way taking on extensive risk through the acquisition of a SA property, which is a challenge when further down the line they decide SA is not for them. 

People should get trained in SA before they get into SA because there are a lot of moving parts to consider. 

The DEALS model is an effective pathway for serviced accommodation 

D – due diligence 

E - explore 

A – acquisition a SA 

L – logistics 

S – Scrutinise 

People invest huge amounts of their money without understanding what they are doing 

You need to get some training and a mentor. Learn from a mentor’s mistakes rather than making those mistakes yourself. 

Rent to SA is a great way of getting into serviced accommodation it is a model that requires much less investment. 

Working with cleaning companies as a SA provider 

Whatever you think you will need the cleaning company to do should be discussed in detail 

 I have a fixed rate I don’t want to pay differing amounts based on the level of untidiness 

I prefer not to negotiate so working with a cleaning company who have experience of SA is helpful because they are able to establish an average time for a clean and know what working in the SA sector entails. 

Our cleaners are one of the most important parts in our business, they are our eyes and ears as the people who are first into a property when guests leave. 

If you are constantly giving your cleaning company a problem you are not going to keep them. 

You need to pick a good cleaning company and then work well with that company 

BEST MOMENTS 

‘The worst thing that can happen with rent to SA is that you give it back’ 

‘Build up your passive income when you are still in a job then you can live the life you want to live as an entrepreneur’ 

‘I spent 24 years in the army as an entrepreneur, if you have an entrepreneurial spirit you have to find a way to be an entrepreneur’ 

‘I’m fully aware that sometimes guests leave a property looking nice and sometimes it’s like a war zone’ 

VALUABLE RESOURCES 

Keeping it Real with Khadija Podcast  

The Serviced Accommodation Property Podcast 

https://propertysoldier.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]  

ABOUT THE GUEST

Keep it real with Khadija is an interview-based podcast hosted by Khadija Kalifa. As a BBC Apprentice finalist and busy Mumpreneur, Khadija is on a mission to build an empire whilst raising two children, inspiring others to make their passion their profession. Khadija speaks openly about how she grew up in an underprivileged area, turned her daughter’s birth trauma into a motivational story, and became a BBC Apprentice finalist, successful business mentor, motivational speaker, property investor and podcast host. Guests of the show speak candidly about life, business, mental health, mindset and making the most of every opportunity.  

CONTACT 

Www.keepitrealwithkhadija.com 

Www.facebook.com/keepitrealwithkhadija 

Email: [email protected]      / [email protected] 

Khadija Kalifa Instagram  

Khadija Kalifa Twitter 

Register your interest in Serviced Accommodation Discovery Day here, and a member of our team will get back to you to confirm your place at your preferred date.

in this episode Dan Eaton, Progressive Property Investor 2018 who has a portfolio of more than thirty properties and specialises in the Serviced Accommodation space explains how the changing face of e-commerce impacts on operators of SA.

He highlights the risks and importantly provides great practical and detailed advice on how the systems work and how you can take action to keep yourself safe when dealing with customers for your serviced accommodation.

This is an episode that anyone in the arena of serviced accommodation should be listening to as Dan highlights in detail the positive actions you can take to keep yourself safe rom fraudulent transactions.

KEY TAKEAWAYS

• You must think about e-commerce and the worldwide travel industry.
• If you are a victim of fraud as a consumer you are protected. As an operator who is a victim of fraud it is unlikely you will get any money back.
• The highest risk is the cardholder not present or keyed entry.

Minimising the risk

• It’s vital to collect all the information you can because;
• If there is a claim you can provide detailed information  
• If you are a fraudulent booker then a request for detailed information is likely to act as a deterrent to completion of the booking.

What to collect

• Cardholder name – make sure the name as it appears on the card is the name of the person booking
• Make sure the expiry date is the same as the one appearing on the card
• The billing address where is this card registered?
• Card security code
• Get a photo of both sides of the card
• Check the alignment of the numbers on the card they should be symmetrical, in alignment, evenly spaced
• Card numbers always start with a specific numeral such as 4 for  a MasterCard
• Check the hologram is correct
• Signature strips – visa have lines through the strip, MasterCard has dots or MasterCard written through the strips.

What are providers doing

• 3d secure is a protocol which offers good security but people often can’t remember the password. It’s not very customer friendly
• There has to be a balance between protecting the customer and enabling them to make payment easily.
• 3d secure version 2 is designed to build better security along with better customer experience.
• As consumers, there are additional steps to go through.
• As operators we need to build in additional authentication steps into our payment check outflow, our business models need to change.
• Ask your channel manager and payment gateway what they are doing about security and ensure you are looking at everything as a complete package.
• The aim is to protect the business from fraudulent transactions but balance it with your customer experience.

BEST MOMENTS

‘When you start asking for detailed information along with a photo of the card and photo id you will get rid of a lot of fraudulent people’

‘It’s a difficult balance and banks are going to give security precedence over customer experience’

‘Look at the new technology on offer and how you can integrate it into your business’

VALUABLE RESOURCES

The Serviced Accommodation Property Podcast

https://propertysoldier.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]

Register your interest in Serviced Accommodation Discovery Day here, and a member of our team will get back to you to confirm your place at your preferred date.

‘I realised no one really talked about the legislation around property sourcing and deal packaging, it was like a little dark secret sitting in the corner’ 

Tina Walsh began her career in the police force and started investing in property in 2005, a chance remark led her into the world of deal packaging and she now combines her passion for property sourcing with everything compliance-related. 

She is an expert on the compliance requirements for deal sourcers and deal packagers and in this episode, she shares the essential steps that deal packagers and sourcers must take when they start out and the key questions that any investor should ask. 

Tina explains clearly the steps that must be taken to ensure compliance and why it’s important for both deal sourcers, deal packagers and investors to be on the right side of the law. 

KEY TAKEAWAYS 

The Sourcer 

• As a sourcer you’ve started your business and set up a bank account you now need; 

Insurance – professional indemnity insurance this covers you for your professional services. 

• Not all independent insurers understand what deal packaging is you must ensure you are working with a broker who has a bespoke policy for you and understands property sourcing 

Register with one of 2 ombudsmen 

• Register with either the TPO or PRS. The TPO is a not for profit organisation and the PRS is a more modern entity and is run by property professionals for profit. The services they provide are very similar. 

Register for data protection supervision with the ICO – as a property sourcer you gain a huge amount of information on your clients.  If you are handing someone personal details they should be treated with respect 

Register for anti-money laundering supervision with HMRC 

• You must carry out due diligence gaining proof of ID, address and that they have the funds available. You must also ask about the source of the funds. 
• You are expected to do some research and have an audit trail for the source of funds 
• Registering for supervision isn’t the end of compliance it’s just the beginning, there are codes of conduct to follow and minimum standards 

• Below the registration are the policies, standards risk assessment and training all of which must be recorded and provable as standards within your business. 

The Investor 

• You should be asking 
• Do they have professional indemnity insurance and what is the level? 
• Are they registered with an ombudsman?  it’s a legal requirement 

• Are they registered with the ICO? 
• Are they registered for anti-money laundering? 
• Check that the registration numbers supplied are accurate, make sure you do your due diligence. 
• If something has gone wrong being registered with the ombudsman is key, as part of their code of conduct the deal packager is required to have an in-house complaints policy. 

BEST MOMENTS 

‘It’s key you check there is an in-house complaints policy’ 

‘Someone may have inherited cash and this can be proved through the solicitor’ 

‘Just because as a deal sourcer you don’t have a shop front you shouldn’t think HMRC won’t come knocking on your front door’ 

VALUABLE RESOURCES 

The Serviced Accommodation Property Podcast 

https://propertysoldier.co.uk/ 

[email protected]  

SPS UK 

Property Sourcing Compliance Facebook 

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]  

Register your interest in Serviced Accommodation Discovery Day here, and a member of our team will get back to you to confirm your place at your preferred date.

In this very personal episode, Kevin reveals the reasons why he invested in property and what is important to him, his reason ‘why’

This time of the year is particularly significant to Kevin - it marks his move away from the army to full-time property investor and is the time when we remember those who died during conflict, those people who gave their today’s for our tomorrows.

If you don’t have a strong ‘why’ you probably won’t implement what is necessary for you to make a change in your life and achieve what is important to you. We all have only one life and it’s important to live it well making the most of opportunities and focusing on achieving what is important to you, your reason ‘why’

KEY TAKEAWAYS

• Think about what is important to you?
• Why is it important you are successful in property?
• Why is it important you are successful in business?
• Why is it important you are successful in life?
• Is it important you are successful or is it imperative you are successful?
• If it is imperative it’s more likely you will do what you need to be successful.
• I reached the point where I had a property portfolio that was losing me money every month compounded with tenant issues, building issues and a very stressful job.
• My property portfolio and personal commitments were trapping me in my job
• I realised I’d been investing in property for an extensive amount of time but knew nothing about how to do it. Getting a property education became a priority for me.
• If you do what you’ve always done you’ll get what you’ve always got I realised I had to change and gave myself a very firm deadline – one year to build a property portfolio that could provide an income.
• Ultimately I wanted to leave the army without the need to get a job so I could focus on my relationships and life.
• You only get one life you’ve got to live it and make the most of it If you don’t you’ll wake up one day and your life will have passed you by.
• Property investment is not easy but if it’s worthwhile its worth putting the effort in I advertised free valuations and the phone started ringing.
• In a year I was able to build my passive income from property so that when I left the army on 11.11.11 I did not need to get a job
• Don’t exchange time for money for the rest of your life, you can create passive income from property whatever your strategy is.

BEST MOMENTS

‘What you write you invite; have a vision board and use it’

‘You need to visualise what is important to you to be able to work successfully to achieve it’

 ‘You’ve got to focus on what is important to you because if you don’t you won’t do what is necessary’

VALUABLE RESOURCES

The Serviced Accommodation Property Podcast

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]

Register your interest in Serviced Accommodation Discovery Day here, and a member of our team will get back to you to confirm your place at your preferred date.

Today in the studio is Dan Eaton, a former Royal Nay communicator who over the past two years has built a hugely successful serviced accommodation business, operating through Greater London, The Cotswolds and South Wales. 

Dan has joined Kevin to talk about how he built his property business, the importance of establishing values and goals, and how he used property in order to replace his income completely.

KEY TAKEAWAYS

• After beginning a family, Dan decided to leave the Royal Navy, as it was taking him away from home too often. After working in the corporate world, Dan discovered that his family time was still too limited. 

• Progressive Property’s masterclass event opened up a whole new realm of income possibilities to Dan, who decided upon service accommodation because of the areas in which he wished to operate.  

• Dan needed a "high cashflow in” strategy that worked in his local area, and serviced accommodation fit the bill perfectly. 

• Establishing values was important. They wanted to only deal with properties in which they would be comfortable using themselves as a family. 

• If you are thinking of operating a SA in a block, you need to consider whether or not there may be a lease on the property that prevents you from doing so. 

• Dan used his rent-to-SA business in order to slowly leverage his way to developing and evolving his business to include many different remits. 

• Being his own boss has allowed Dan to give more quality time to his family, a situation he never dreamed he’d be able to take advantage of. Property has allowed his family life to thrive. 

• Because Dan didn’t have an initial investment pot, it forced him to use different tactics, including seeking investors, and trying different rental types, in order to build his business. 

• If you’ve got money sat in the bank, and at the mercy of interest rates and inflation, then use it to invest! 

BEST MOMENTS

• ‘I thought well, if the army can do it…’ 

• ‘We don’t have to worry about leases - it’s all done from the source’ 

• ‘Property can be a journey’ 

• ‘I had all summer with the kids, and we’ve never had that before’ 

• ‘People invest with other people they know, like, and trust’ 

• ’The most important asset you can have is knowledge'  

VALUABLE RESOURCES

• The Serviced Accommodation Property Podcast

• [email protected]

• Pivotal Point Properties - www.pivotalpointproperties.co.uk 

ABOUT THE GUEST

Dan Eaton, a former Royal Navy communicator and corporate world consultant, started his property journey in 2017.  Over the last two years, he has built up a successful Serviced Accommodation business, looking after 30 properties across Greater London, the Cotswolds and South Wales.  

That SA business has ultimately led to him leaving full time employment, starting a small scale housing development and two commercial conversions into SA. 

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 majority of this 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 Property Podcast which educates people who want to explore and earn from serviced accommodation property investing.

CONTACT METHOD

• Kevin’s Facebook

• Kevin’s LinkedIn