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Welcome to the first ever episode of the Serviced Accommodation Property Podcast, a podcast for people who wants to explore serviced accommodation property investing and who wants to learn how to make a profitable and sustainable business!

Every week, we will be joined by our host, the Property Soldier himself, Kevin Poneskis. So, in today’s episode, we won’t beat around the bush and get to the point head-on. Kevin answers questions like: What is a serviced accommodation? Why people choose this nowadays? Why should you jump on this trend? And so much more. He even gave a sneak peak on what gems you could get about SAs on the next episodes of the podcast. So, time to listen, meet Kevin and start your journey to SA investing!

KEY TAKEAWAYS

• What is serviced accommodation (SA)? ASAP and Booking.com would define it as a furnished apartment but an SA can be a house, a boat, treehouse, etc. What’s important is it isn’t anyone’s principal prime residence. It’s where people stay that comes with services when they choose to live somewhere else.
• People have been staying in serviced accommodations for decades because it’s cheaper. Leisure travellers prefer instead of staying in hotels if the opportunity arises. Companies set a reasonable budget for the accommodations and expenses of their tradesmen, consultants, service people, etc.
• Why is serviced accommodation property a trend you shouldn’t miss out on?
  • E-commerce
  • Mobile Lifestyle
  • High-speed Internet and the World Wide Web
  • Globally-recognized booking portals
• SA is currently on trend. Statistics to prove this:
  • "According to Booking.com surveyed their own customers, 33% of their customers prefer to stay in a holiday home or apartment rather than a hotel. So, that's serviced accommodation."
  • Airbnb which was founded in 2008 has earned 3.5 Billion USD in revenue, doubling year on year at the moment.
  • com which was founded in 1996 is doing 1.5 Million room night reservations per day.
  • com’s home section – not the hotel section – is growing double digit year on year.
• Fundamentals on SAs that you’ll learn on the next episodes of the podcast so make sure to watch out for them in the next weeks!
  • Identifying your SA goldmine area, due diligence, choosing the right property for your area, acquiring property with none of your own money
  • Controlling rather than owning properties, understanding the tax implications (VAT, section 24, cap allowances, business rates,)
  • Setting your business up with your strategy in mind with the right company structure to maximize profits
  • Understanding how to operate SA units, day-to-day running of your business.
  • Mastering customer service and guest satisfaction
  • And many more!
• A little background about Kevin Poneskis, your host.
  • He is the Lead Trainer on Serviced Accommodation of Progressive Property.
  • 24 years in the army, mostly in the commando unit. He reached the rank of regimental sergeant major.
  • Whilst in the army, he was already looking at property investing.
  • Invested in properties since 1991. He got help from his dad since his dad was into investing also.
  • He enjoys helping Stoll, a charity that helps homeless veterans.

BEST MOMENTS

• "Yes, now is the time to be in serviced accommodation because it's the case at the moment of don't miss the boat."
• "I believe that the traditional education system is lacking in this area [serviced accommodation education]. Many people would agree on that, I'm sure."
• "It's extremely stressful having a property portfolio without knowing how to do it right."

VALUABLE RESOURCES

• Association of Serviced Apartment Providers (ASAP)
• com
• Airbnb
• Progressive Property
• STOLL

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 the 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