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TitreDateDurée
Interview with Shimon Rudich – Prolific Property Investor and Owner of MS Law28 Jul 202400:54:47

Today´s guest Shimon Rudich is a prolific property investor who has used all of the different strategies and taught over 13,000 people to do the same. He also runs MS Law, a firm Kevin has personally used, for many years.

For this episode, Shimon focuses on creative financing strategies. In particular, the different ways you can use lease options, title-splitting and commercial to residential deals. Importantly, Shimon also explains how to avoid the most common issues with these more creative property investment strategies.

KEY TAKEAWAYS

  • Using lease options avoids the need for a deposit, or a mortgage and avoids all kinds of legal fees.
  • Lease options enable you to make money from a property as if it were already yours.
  • Use short lease options to make money faster.
  • Exercise your right to buy as soon as you can. 
  • Don´t forget to exercise your right to buy on time. Surprisingly, a lot of people do forget to do so.
  • Be realistic and fully understand what happens if the vendor or tenant breaks the contract.
  • You must keep in touch with the vendor throughout the lease period. Shimon explains why not doing so can cost you a lot of money.
  • Look for large properties with a staircase in the middle to convert into flats and use title-splitting.
  • Title-splitting can be used for commercial conversions, which are still incredibly profitable. Especially when combined with SA.
  • Win wins clinch deals fast.
  • Always use proper joint venture agreements drawn up by a contract solicitor.

BEST MOMENTS

‘I have a vested interest that you are successful – I make money only if you are successful.’

‘The best way to get people (the vendor) to stay in touch is to incentivise them.’

‘If you are not closing deals every single month you are not doing something right.’

You can still make money from commercial conventions, even if you don't have any money.

GUEST RESOURCES

https://ms-law.co.uk/

Shimon@ms-law.co.uk

https://www.facebook.com/shimon.rudich/

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

kevin@propertysoldier.co.uk

Keep Calm and Carry On - Where There is Adversity There is Opportunity07 Apr 202400:47:25

This episode is Kevin´s initial reaction to the UK´s Spring Budget of 2024 and other reforms. Including the Renter´s Reform Bill, the abolition of section 24, changes to the furnished holiday let tax regime, new short-term rental regimes, enhanced fire safety standards, the Tour Operators Margin Schemes (TOMS) and more. Kevin explains why despite the changes, building and running a property portfolio is still an excellent business option, especially the various SA models.

Listen to find out how to navigate these changes and turn them to your advantage.

KEY TAKEAWAYS

  • Changes to legislation, the market etc. are inevitable. No matter what that change is the answer is always to stay calm, adapt and carry on.
  • Lots of people are put off by change, so will leave the sector, which creates more opportunities for those who persevere.
  • Often, seemingly negative changes actually generate more opportunities e.g. SA went nuts during CoVid.
  • There are always ways around things. New ways to do business.
  • Most of the SA-related changes do not affect hotels or B&Bs.
  • The rent to SA playing field just got better.
  • More Buy to Let landlords are going to say yes to rent to SA.
  • The VAT changes creates more opportunities.
  • Commercial conversion to SA is not affected by the new legislation.

BEST MOMENTS

‘When more people pull out of the sector that just creates opportunities.’

‘The Renter´s Reform Bill is actually going to help serviced accommodation.’

‘Hysterical headlines are going to help.’

 

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

kevin@propertysoldier.co.uk

Presentation by Arthur Kemp – Leveraging Capital Allowances to Generate Tax Free Money09 Jan 202300:44:43

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: ak@exactca.co.uk

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/

kevin@propertysoldier.co.uk

 

 

 

 

Costs You Need to Take Into Consideration11 Mar 201900:19:28

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.

 

 

Before you start developing any serviced accommodations, it’s best that you have a projection of costs you’ll be spending on. You don’t want to be taken aback with what will hit you in the face if you see the sums of what you need to pay.

So, in this episode of the Serviced Accommodation Podcast, Kevin helps you build your checklist of things you should be putting on the planning table especially when you’re doing your budgets. He also gives tips on how to approach your accountant, your insurance broker, and your assigned ‘meet and greet’ person. Everything you need to be buying and acquiring for your serviced accommodation property should be on his list too so make sure to tune in to not miss anything!

KEY TAKEAWAYS

  • Ask your accountant how much it will cost you to run your serviced accommodation property. You don’t need to have an accountant based on your town. You can just outsource your accountant and let him do his work remotely.
  • Get a quote on insurance – e.g. professional indemnity insurance, public liability insurance, etc.
  • Furniture and soft-furnishing:
    • You could be buying the furniture yourself.
    • Or, if you’re doing a buy-to-let conversion and were provided with furniture, check if they’re of a good standard and then consider if you’re going to keep them.
    • Go to property forums and ask around who’s the most trusted supplier of furniture for serviced accommodation properties.
  • Cleaning and laundry:
    • Start with maintaining the cleanliness of the SA twice a week depending on the bookings.
  • Decide if you want someone to hire someone for the ‘meet and greet’ with your tenants or guests. Your meet and greet person can also show how the appliances and other things work in the SA.
  • Research on what broadband and other subscription plans are you going to get.
  • Factor in the taxes and business rates that you’ll be paying when you start and develop your SA.

BEST MOMENTS

  • “Explain to your broker exactly what your business is going to look like and they will help you and advise you accordingly.”
  • “The really really important thing about meet and greet is that your meet and greet person can show the guest how to do stuff.”

VALUABLE RESOURCES

  • Serviced Accommodation Property Podcast #016: Sourcing Cleaners For Your Serviced Accommodations | iTunes | Omny | Stitcher

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 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

Sourcing Cleaners For Your Serviced Accommodations18 Feb 201900:27:12

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.

 

 

House-keeping or cleaning is one of the most valued perks of why people choose serviced accommodations. So, if you’re aiming to be highly-rated on this aspect, then this episode is for you.

Today on the Serviced Accommodation Podcast, Kevin, your host, reads an excerpt on sourcing cleaner for your SA units from his soon-to-be-released book. Your cleaners are your allies, your business comrades, and the people who hold the fort whenever, so it’s okay to be nitty-gritty when you’re choosing one. Kevin shares great talking points you can adopt when interviewing prospects.

Aside from sourcing cleaners, we also talk about how to choose your linens, furniture, cushions and how to manage the laundry. Make sure to watch out for the book to learn more.

KEY TAKEAWAYS

  • Cleaning your serviced accommodation units should be one of the top priorities. Source your cleaners that you’re willing to work with and can stay for months or a few years.
  • Get to know the cleaners you’ll be hiring and choose someone who can grow with you. Trust your instincts when you’re deciding. If you’re having doubts before they even get started, then don’t push through so you won’t have any regrets in the future.
  • When you’re interviewing your future cleaners, make sure to get their quotes and make sure you lay out what you expect from them. This is a business relationship also that you’re getting into, so it’s vital also that both sides are acquainted of their expectations.
    • Ask if they’re VAT-registered.
    • Ask if how many hours will they charge you for the cleaning.
  • Establish what you want them to do when they clean your units. You can ask your cleaners to:
    • Check the guest key if it’s where it should be.
    • Check the heating, primarily if they are controlled from the inside of the unit.
    • Check for the inventory and damaged or missing items.
    • Take and send pictures of the unit before the cleaning is done.
    • Make sure everything is working (e.g. lights, appliances, telephone, etc.)
    • Replenish spare stocks.
  • Linens and Laundry for your serviced accommodation units.
    • Use white hotel-standard linens. Add colour by cushions and throws.
    • Secure 3 sets of beddings per bed.
    •  

BEST MOMENTS

  • “There’s plenty of money to be made with serviced accommodations and the cleaning of them should definitely be paid for out of the turnover. You shouldn’t be doing it yourself.”
  • “There will undoubtedly be some initial problems that you need to work through with your cleaners, but as soon as you have entered in a business relationship with good people from the outset, they should not require too much effort.”

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 year 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

Mentee Call With Rita!04 Feb 201900:32:24

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 answers a range of questions from a Mentee who is moving from Buy to Let into Serviced Accommodation.

Kevin shares his extensive expertise and knowledge, so listen in and find the answers anyone moving into Serviced Accommodation needs.

 

KEY TAKEAWAYS

  • Do you need to inform the lender if you want to change how a property is used?

When there is a mortgage on a property you have to seek the permission of the lender if you are going to change how it is used.

Most agents currently don’t understand what S.A. is, so how you ask for permission is key; making the request in a different way (e.g. can I change the usage of the property to furnished holiday lets?) can help agents understand and achieve a positive response.

A lenders primary concern is that the mortgage payments are being made.

If you change a property usage from HMO or Buy to Let to SA the insurance product will need to be changed to ensure appropriate cover is in place.

  • What Capital allowances can be claimed?

Relief is awarded when your property has qualified as a furnished holiday let this involves the property being available for 210 days.  A good capital allowance surveyor would typically be able to get between 30% and 35% of total expenditure as a capital allowance.

  • Will the property change usage category?

Most people operating SA are doing it with properties in the C3 residential category  

The class will be C1 if the property usage is closer to a guest house with varied people arriving at different times and significantly more parking and rubbish.

 

BEST MOMENTS

‘There are always grey areas’

‘The appeal for people to use SA is because it’s a self-contained property’

‘Where there are a number of SA units in a town there still won’t be enough’

‘SA operators are going to become very attractive’

‘if you are assessed for business rates you may qualify for business rates relief’

‘In any town or city, there is always a demand for good quality accommodation.’

‘If there are hotels in the city centre then it is an indicator that there is a demand for accommodation’

 

VALUABLE RESOURCES

https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2

 

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/

kevin@propertysoldier.co.uk

Mentee Call With Nuno07 Jan 201900:36:33

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 we have an amazing opportunity to gain an insight of the mentoring process in action. Kevin takes us through a mentoring session addressing how to start in SA as someone completely new. He uses his own knowledge and experience to provide a clear pathway into SA when renting from letting agents. An unmissable episode which demonstrates clearly the value of a skilled mentor.

KEY TAKEAWAYS

  • Renting from letting agents

             Acquiring properties from letting agents is about properties that are good to go, 

             you can be in a position to move clients in very quickly.

  • Traditional investment model

Buy a property involving deposit conveyancing, completing the refurbishment process then re financing to buy to let or an HMO. Lots of time and money involved in the traditional model.

  • Renting from a letting agent bypasses all that so you could be showing in new guests the same day you get the keys.
  • New to SA?

As someone new to SA it’s important to undertake steps to establish credibility and social proof.

Research – talk to hospitals, universities large companies in your area, speak to the person who deals with booking accommodation for visiting guests, employees, clients.

If you can get someone definitely interested you’ve got social proof that there is demand.

Make a website in advance of getting first units showing the type of rooms you are providing.

Try to hook up with other SA providers in the area

Air bnb easiest way to connect – if you’ve got client interest, they could take business until you have units.

  • How to open the door with letting agents?

Will the landlord do a company let?

Initial question should always be will the landlord do a company let? – the letting agent will understand this and ask what are you going to use the property for.

Use your social proof when talking to the letting agent to help establish credibility and local knowledge

  • Who will be at the property?

Letting agents will often think that they need this information as part of the right to rent checks. SA sits outside of the Housing Act and is a company let so there is no requirement a short-term tenancy agreement (which is for a minimum of 6 months)

  • The company let agreement?

It is best to use the letting agents, company let agreement, but it will require some amendments, the most common being it’s not for your employees but your clients.

  • Sourcing clients?

Always be honest about sourcing corporate clients through booking.com and Airbnb name drop clients who have already used these sites – its social proof most companies are interested in cutting costs through the use of SA and use booking.com and Air bnb to facilitate this. 

VALUABLE RESOURCES 

https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2

BEST MOMENTS

‘Get trained in SA and then you’ve got knowledge to use advice effectively’

‘Discovery days could be free – message Kevin’

‘Say to them before they raise it with you’

‘When speaking to letting agents name drop companies who you’ve spoken to’

‘If it was that easy everyone would be doing it’

‘Use your instinct depending on who you are speaking to’

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

Facebook – Property soldier

Email – kevin@propertysoldier.co.uk

Funding, Finding& Refinancing With Ray McLennan24 Dec 201800:54:13

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 is a fantastic presentation by Ray McLennan about how to raise finance. He provides an invaluable insight into the way lending is organised and most importantly how you can find the funding for your project. This podcast is a must for anyone in who is a serviced accommodation entrepreneur.

 

KEY TAKE AWAYS

 

  • The most common complaints from developers:

1 Getting funding

2 Finding a surveyor who understands

3 Refinancing

 

If you can’t get it funded and its under-valued, then it’s a vicious circle

and a lenders default position will be no if they don’t understand it.

 

  • Key to obtaining finance is:

Find valuers that understand 

Knowing what’s important to a lender or a JD partner is crucial

Knowing what you want to do

 

  • The element of work required in serviced accommodation is repelling people

But anything worth having is hard work. Like anything there’s an easier way and a hard way.

 

  • The hard way

Banks, brokers who don’t know serviced accommodation

valuers who don’t understand serviced accommodation

 

  • The easy way

Get a valuation

Talk to a broker who knows serviced accommodation

Have an exit

 

  • Raising money for finance ebbs and flows, Lenders go to wholesale market looking for a particular percentage you can put an application in, but they might not have cash at that point.

There are individuals and organisations who want to lend you the money and Angel Finance will facilitate that for you in the best way possible

 

  • There are people out there who want to lend you money you just have to be able to find them

 

Funding stack – when you haven’t got any money, different interest rates for different parts of the funding will be applicable as you will be dealing with different lenders.

 

  • You can get out there and look for your own JD partners

People with pensions could seek its transfer value and its possible to get together with others to raise finance in this way.

 

 

BEST MOMENTS

 

“They want to lend you the money and for you to do the work and they’ll charge you for the privilege”

 

“The life of a serviced accommodation person is like that of an entrepreneur “

 

“Exit – may have to finance to get up and running, then re-finance if you have that in advance, it is so much easier to get first part”

 

“We (Angel Finance) think we can help to raise alternative funding”

 

 

VALUABLE RESOURCES

 

How to raise Money Podcast: https://itunes.apple.com/gb/podcast/how-to-raise-money-podcast/id1370319813?mt=2

 

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 a 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

Guest Access and Reviews: What’s the best method and approach?10 Dec 201800:23:52

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.

 

 

Welcome back to another episode of Serviced Accommodation with your host Kevin Poneskis. In this week’s episode, Kevin talks through the different options for guest access and guest reviews. Kevin talks through everything from why meet and greet can be a really effective way for guest access to how to respond effectively to bad reviews?

Key Takeaways

Logistics: How do your guests gain access to the property? With all these options below make sure you are giving your guests clear directions, and instructions for each option.

  • Leave the keys with Key Nest a company which can facilitate the key collection process with partner garages or corner shops.
  • More prestigious apartment blocks might have a concierge who you can come to an agreement with around giving the guests your keys, or introducing them to your property.
  • Key lock or key safe which is a box outside of the property with a combination lock. You can issue the guests the appropriate code for the lock and they are able to let themselves into the property
  • An electronic coded locking system is a more expensive option but can be more secure. You're able to issue the guests a code to gain access to the property. The code is then changed automatically when the guests check out of the property. This can be a more secure option rather than having to change the code manually with a key lock.  

Why meet and greet could be really effective for you? Meet and greet is where someone physically meets your guests at the property. There is no right or wrong way for guest access but this can be a really effective way of gaining access for your guests. Kevin outlined that for his properties he pays a meet and greet person £15 so there is that cost to this but many advantages as well. One of the key elements for creating an effective meet and greet process is creating clear instructions and checklists for the person to go through. It is also essential at this point to have a clear check-in time, usually before 9am, and then charging for a late check-in. Make sure you source the meet and greet staff from the local area so they live close to the property.

Advantages of the Meet and Greet method.

  • The person can check if everything is ok with the property. Cleaners can sometimes make a mistake and this can be an extra backstop.
  • Make sure the property is clean.
  • It’s a process for discovering any problems before your guests arrive.
  • Checking simple things like where the remote control is.
  • That the heating is on the right setting.
  • Is there any maintenance that needs to be done?
  • To ensure that the guests have left the keys where you wanted them to be.
  • They can show your guests how to use things like the central heating, the cooker, anything that could be potentially difficult to use.
  • An important aspect is to ask your guests why they are in town? This then offers a chance to understand your guests visit and book any future business. You can offer a discount voucher for there next visit, booking directly through your website to avoid the OTA charge.

How To Deal With Bad Reviews. Guests are a lot less likely to leave bad reviews when they meet someone in person. Make sure you respond to all of your reviews both good and bad. Make sure you don’t sound aggressive and defensive in your response as this can put off future potential customers. A response to a bad review should repeat any positives the customer mentions, acknowledge any concerns and thank the guest for the feedback. Kevin reads through some good and bad example responses.

Best Moments

‘Good reviews make you money, bad reviews lose you money.’

‘Meet and greet gives you a more personal service.’

‘Make sure you ask your guests to leave a review.’

‘Make sure you respond to all your reviews good or bad.’

‘Your meet and greet person can check any cleaning or maintenance before the guests arrive.’

‘You’re not going to be able to please everyone, all of the time.’


Valuable Resources

Key Nest: https://keynest.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 my Army career, Kevin was investing in property and has been a property investor now for over 27 years.

CONTACT METHOD

Facebook – Property soldier

Email – kevin@propertysoldier.co.uk

LIVE Q& A With Co-founder of Progressive Property, Best-Selling Author & Property Investing Expert, Mark Homer26 Nov 201800:31:00

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.

 

 

Welcome back to The Serviced Accommodation Podcast. In this special episode, Kevin interviews Co-founder of Progressive Property, best-selling author and property investing expert, Mark Homer. Kevin and Mark discuss the advantages of serviced accommodation and why it’s one of the most popular property strategies right now! Plus hear their take on Brexit and personal development.

KEY TAKEAWAYS

What changes to serviced accommodation (SA) regulations will we see in the future? There have been several recent changes to regulations of the HMO and SA property sector and there is likely to be more. After new innovations occur, we can expect a time lag in the introduction of associated regulations, but by five years’ time, there will be effective implementation of these new regulations. It’s therefore worth ensuring that you are in line with these regulations like fire safety, and room sizes.

How will Brexit affect trends with serviced accommodation? No one knows exactly what is going to happen with Brexit but the uncertainty has already affected the market. When there is certainty again, ideally when Britain leaves in March, things should look more positive and there might be a sudden rush to invest. Brexit is important for the property sector, but it’s more important to the manufacturing and direct trading industries.

Saturation of the serviced accommodation market? Someone, somewhere, always thinks that the market has become saturated. There might be quieter times in the summer but if your unit is better than the competition then the market takes care of itself. Even simple things like a lick of paint or lowering the rent can be effective methods to fill units in a quieter season.

How do I scale up my property business? Focusing on one geographic area can have real positives for growth. With that kind of focus, you’re able to get to know your local agents and landlords better, and your staff don’t have to travel as far between properties. This is much more effective than a more scattergun approach, leaving you to knowing a lot less than your competition.

How best to work with high net individuals. Often these individuals don’t want to and don’t have the local knowledge to run these businesses operationally. Doing stage work, improving your online presence, attending networking and auctions can be really effective ways of increasing your profile. Once you’ve done these kind of things over a couple of years high-net-worth individuals tend to find you.

Next best thing? VR (Virtual reality) is probably the next growth area especially helping consumers choose which unit to rent. In addition, Blockchain has some interesting applications to automating arduous processes, such as making the land registry process to make it quicker and easier.   

Personal Development. Both informal and formal mentoring can be incredibly effective personal development tools. Finding your peer group, other people doing similar things to you, can be a great way to share ideas and learn from each other.

BEST MOMENTS

‘Brexit is important but maybe more important for manufacturing or people directly trading’

‘You can save a lot more time and make a lot more money when you focus on one area’

‘What does your SA look like? How good is it? Whats its location? Matters more than Brexit.’

‘Take out all those non-incoming generation parts of your day.’

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 my Army career, Kevin was investing in property and has been a property investor now for over 27 years.

CONTACT METHOD

Facebook – Property soldier

Email – kevin@propertysoldier.co.uk

ABOUT THE GUEST

Mark Homer is an entrepreneur investor.  He has worked with investment since he was 15 years old using the laws of wealth! He is a spreadsheet analyst with an impressive following from major publications including BBC Radio, The Wall Street Journal, The Independent, as well as co-authoring the UK’s best selling property books.  Mark has always looked for the best investment vehicle, and at the end of 2007 with Rob Moore the co-founder of Progressive Property his joint portfolio produced more profit than any of the other investments he’d tried in the last ten years, combined.

Facebook – Property soldier

CONTACT METHOD

Email: Markhomer@progressiveproperty.co.uk

LinkedIn: https://www.linkedin.com/in/markhomer1

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

Twitter: https://twitter.com/markprogressive

Independent Ratings Advice & How To Save On Your Bottom Line12 Nov 201800:29:50

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.

 

 

Welcome back to The Serviced Accommodation Podcast. Today, Kevin shares with you a Live recording of independent rating surveyor, Mike Powell’s presentation on how rates affect and impact on Serviced Accommodation. Hear the expert knowledge on rateable values and how you can achieve the highest rates of relief when starting, growing and scaling your Serviced Accommodation business. Mike uses examples to help explain the pros, cons and intricacies of the VOA (Valuation Office Agency), local councils and how you can calculate your liability when running your business.

Stay tuned until the end to hear the Q&A session with questions from Serviced Accommodation investors from around the UK.

KEY TAKEAWAYS

  • The VOA (Valuation Office Agency) is an agency of HMRC and they are responsible for setting council tax and business rates. They’ve got a statutory duty to maintain a fair rating list. Business rates produce £26m per annum for the treasury.
  • You have a rateable value for any given property, no matter what the type of property. But this is not what you pay. You pay according to the uniform business rate (UBR) which is set every year and is linked to inflation and for small businesses, this year it’s 48p in the pound. For larger businesses, it’s £49.3 in the pound.  
  • Serviced Accommodation is a commercial use and therefore should be officially business rated and the rating is down to how a property is being used. For example, your property being used commercially as a serviced accommodation unit.  Some local authorities are trawling through sites like booking.com and Airbnb and looking to see how properties are being used and reporting them to the VOA.
  • The VOA is set up in regions and they all value differently, however, most will consider it self-contained accommodation. Putting a price on each individual bed space, so if you have a two bedroomed, doubled bed apartment, that’s classed as four-bed space and if it’s £1000 per bed space that has a rating value of £4000.  
  • To calculate your business rates bill, you have your rateable value and you times that by the uniform business rate, so £48p in the pound for small businesses.

BEST MOMENTS

“I’ve seen the price of single bed space range from £360 to £6000 in some areas of London, so there’s massive variation.”

“The rating list is revalued every five years with the next one scheduled for 2020.”

“I don’t think that the VOA is valuing Serviced Accommodation units correctly.”

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 my Army career, Kevin was investing in property and has been a property investor now for over 27 years.

CONTACT METHOD

Facebook – Property soldier

Email – kevin@propertysoldier.co.uk

ABOUT THE GUEST

Mike Powell has property in his blood having been surrounded by property advice since birth with his parents in estate agency, commercial property advice and particularly business rating as he grew up. He is a self-confessed petrol head with a growing interest in modern and future Classics. Mike started his career as a commercial property agent in south Yorkshire selling and letting local and regional retail, industrial and office buildings and brokering investment and development deals. When the market crashed in 2008 Mike got involved in the business rating side of the business and found his niche and has worked on thousands of properties and rating assessments nationally since.

CONTACT METHOD

You can contact Mike Powell on:

Facebook – Michael Powell

Email – mike.powell@powellsproperty.com

 

Section 24 The Anti-Landlord Tax Explained29 Oct 201800:13:46

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 today’s episode of The Serviced Accommodation Podcast, Kevin covers Section 24, the anti-landlord tax. Kevin goes on to share real-life examples of how Section 24 can affect you, your property portfolio and your mortgage interest rate relief. Landlords have effectively had the rug pulled from beneath them and will no longer be able to offset their mortgage interest payment against their rental income, before calculating the tax due.

But here’s the good news, Section 24 does not affect Serviced Accommodation and there’s still time to convert your buy-to-lets into Serviced Accommodation units and continue to offset your finance against your income. Tune in today to hear how.

Look out for another episode of the Serviced Accommodation Podcast where Kevin will be discussing capital allowances and how it affects property investors.

Find your host Kevin on Facebook ‘Property Soldier’ to suggest content for future episodes of The Service Accommodation Podcast.

The mortgage interest rate relief reduction. The amount of mortgage interest an HMO or buy-to-let landlord an investor is able to offset against their rent is being reduced.

KEY TAKEAWAYS

  • Section 24 removes landlords' ability to deduct the cost of their mortgage interest from their rental income when they calculate a profit on which to pay tax.

  • The National Landlords Associations has predicted that thousands of landlords will become higher taxpayers as a result of section 24, which is a scary scenario. A lot of buy-to-let landlords won’t know this is coming and will only discover this when they submit their tax returns. As a solution landlords can incorporate as a company, however, this can incur costs such as capital gains tax and likely be even more costly than the additional tax.

  • Section 24 will affect a multitude of things such as child tax credits and student loans as it will push leveraged landlords into even higher tax brackets affecting their income status.

  • It could be considered that professional landlords owning property in a company won’t be affected. However, most professional investors will also own property in their own name and will be affected. The advice has always been to buy property in your own name as it previously was the most tax-efficient approach.

BEST MOMENTS

“There’s no perfect solution to avoiding Section 24.”

“Some landlords are selling up their portfolio or simply increase their rents to absorb the additional costs.”

“The percentage of landlords affected will increase year on year and we will see an increasing impact of Section 24.”

“Section 24 is being phased in over four years. It started in 2016 and will be fully implemented by 2021”

VALUABLE RESOURCES

Mortgage Interest Relief Reduction Calculator

Buy-to-let calculator (DailyTelegraph)

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

Facebook – Property soldier

Email – kevin@propertysoldier.co.uk

How to Raise Finances with TPE Finance Founder Michael Primrose14 Oct 201800:21:52

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.

 

 

Welcome to another episode of The Serviced Accommodation Property Podcast! In today’s episode, Kevin talks to Michael Primrose, a Commercial Finance Broker and Director/Founder of TPEFinance.

This is perfect for newbies out there who wants to get funding, raise finances to get their first serviced accommodation up and running in no time. Michael discusses the key things lenders are keen about, the bridge to let products, the development finances, choosing SA managing agents, how to get rent to SA funding and many more. So, make sure to click that play button and put those ear pods on to learn from the finance expert!

KEY TAKEAWAYS

  • From standard buy to let to crowd-funding rent to rent. Michael does everything related to property.
  • Objection for lenders
    • No experience of managing or owning SA.
    • Get the best SA business that you can and outsource. Get it systemized to increase your profits.
    • Lenders look at that. Bad reviews stop the lenders to lend you what you need.
  • Bridge to let products
    • It’s a long-term bridging lane. 6-7% annum. What you pay per month is only 4-5%.
    • For first-time landlords.
    • There is no exit fee. They’re not paying hefty amounts. Arrangement fee is 2-2.5%.
    • A great product and it fits a niche.
  • Development finance
    • People doing refurbs, conversions and even building SAs.
    • Normally, for a £400,000, your deposit will be £100,000. If you use development finance which covers 80-90% of your total cost (purchase and refurb), that £100,000 could cover a potential million end value.
  • Leveraging serviced accommodation managing agents who you can partner with.
    • Partner with someone who is more experienced than you.
    • If you’ve got no experience in SA and given it to someone who’s reputable, lenders can take a lot them, track record, and reviews.
  • Rent to SA funding
    • Equity crowd-funding. Set up a Special Purpose Vehicle (SPV). Sell shares in that SPV.
    • There are a lot of crowd-funding platforms you could use online.

BEST MOMENTS

  • “What comes down to when they’re looking at the property is the fact that you can’t uplift the value of that property because it’s a flat, house or whatever. It’s the business that’s worth the money.”
  • “If they look for conversion or new builds, there’s actually more profit to make.”

VALUABLE RESOURCES

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.

ABOUT THE GUEST

Michael Primrose is the Director and Founder of TPEFinance. Its purpose is to help developers and investors raise finance for their projects. Their experts help you from the very start through the end of the project and promise the biggest profit from a very little amount that you’ve put in the deal.

CONTACT METHOD

Michael Primrose

Kevin Poneskis

Interview with Gary Das02 Jan 202300:18:28

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/

kevin@propertysoldier.co.uk

 

 

 

Different Acquisition Strategies: Managing Others’ Properties as Serviced Accommodation03 Oct 201800:31:03

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.

 

 

Welcome to another episode of Service to Accommodation Podcast! So, in today’s episode, Kevin discusses the acquisition strategy of managing others’ properties as serviced accommodation. Discover what types of management you can choose from before deciding on an SA. Also learn about the purchase funding, lease options, commercial conversions among others.

If you’re done listening to this episode, you can also check out the previous episode for the first strategy Kevin discussed: Rent to SA!

KEY TAKEAWAYS

  • Fees are a percentage of revenue. All the bookings that are coming in for the property, you will charge the owner a fee.
    • For full management, 15-20% to manage the property.
    • Also, maintenance, laundry, cleaning fee is deducted from the revenue.
    • All costs are paid by owner.
    • The owner could get less money than they would if they do let property as buy-to-let.
  • Full Management. Taking bookings, payments, and guests. Advertising. Prepping the properties. Maintenance. Scheduling.
  • Cloud-based management/ bookings-only management. You’re just using your system to manage other’s properties. Taking bookings and payments. Advertising.
  • If you own buy-to-let’s already, you can convert them to serviced accommodation.
    • Do due diligence first.
    • Consider strategy. do you send notice to your current tenants?
  • You can buy property to do serviced accommodation.
    • Refurbish and refinance.
    • Ongoing maintenance.
  • What’s the exit strategy? Though Kevin firmly believes that serviced accommodation is not going anywhere, if it does not work, you could opt to sell.
  • Purchase funding. You can use commercial finance. It is the preferred way of funding. There’s also bridging finance though it’s much more expensive. You can use that until you get enough credibility. Or you can use your own money.
  • For different pension funds, you need to seek IFA advice. You can get SSAS or SIPP.
  • Lease purchase options. Take control of a property and get a solicitor to draw a lease purchase option for you.
  • Commercial conversions. You can purchase a commercial building to convert to SA. If already converted and used for buy to let, the developer cannot claim their capital allowances. If retained, hundreds of thousands of capital allowances can be claimed.
  • Straight lease. Contact commercial surveyor and ask a short lease so it will be cheaper.

BEST MOMENTS

  • “Focus on the ones that do work.”
  • “Serviced accommodation is the best income-generating strategy today for somebody’s portfolio.”

VALUABLE RESOURCES

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

Different Acquisition Strategies: Rent to Serviced Accommodation03 Oct 201800:29:00

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.

 

 

Welcome to another episode of The Serviced Accommodation Property Podcast! In today’s episode, Kevin focuses on the first of the acquisition strategies that he’ll discuss on this podcast to start earning through a serviced accommodation – Rent to SA. Learn how to rent to serviced accommodation by a letting agent or a landlord. What’s more beneficial for you? How do you get the most out of this investment strategy? What required process do you have to do? All of these questions and more will be answered in this episode so listen in!

KEY TAKEAWAYS

  • Different Acquisition Strategies
    • Rent to SA by a letting agent, landlord, or management.
    • Instead of renting a property from somebody and using at SA, you could just manage somebody else’s property as serviced accommodation.
    • Buy-to-let conversion.
    • Purchasing property to do serviced accommodation. Understand the due diligence process for SA in assessing demands.
    • Lease purchase options. You fix the purchase price but you have a timeframe in which to exercise when to buy the property.
    • Commercial Conversion. Tuning offices or factories to apartments.
    • Straight lease a property to use as SA.
  • Rent to serviced accommodation by a letting agent. Long-term income for less work.
    • A professional business relationship with you and your company – that’s what the letting agent will get instead of dealing with tenants.
    • Great incentive for letting agents. No nuisance.
    • Benefits for the owner. On-time payments, assets are high standards, at least weekly inspections
    • Benefits to you. Quick cash flow.
  • “You wanna be taking the property on a company let on a letting agent. You’re not gonna take it on an AST.” AST is not the correct document for SA. Company agreement is the most suitable. Visit letting agents know what works for you.
  • Tell them that you’re going to market the property. Be visible on Airbnb and Booking.com.
  • “The letting agents need to know that the liability for the rent does not sit with your clients. The liability for the rent sits with your company.” Any damage sits with the company. Shoe them your insurance.
  • Invite letting agent see your serviced accommodation properties.
  • Letting agents may want to credit check the company. You explain that you’re just setting up the business in the area.
  • Rent to serviced accommodation via a landlord. Where to find them? You can find them on online portals where they could advertise. You could also find them on social media.
    • If set up correctly, they can earn capital allowances.

BEST MOMENTS

  • “We’ve had properties that we take in from letting agents. We know what we have to – just dress the bed.”
  • “If you do due diligence correctly, then you know that there is demand before you actually pay a deposit and first month’s rent.”
  • “They pay, you organize.”

VALUABLE RESOURCES

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

 

Planning and Determining the Appropriate Use Class of your Serviced Accommodation03 Oct 201800:15:14

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.

 

 

Welcome to another episode of The Serviced Accommodation Property Podcast! If you’re still deciding whether your humble abode should be turned into something that holiday-makers could use for short or long lets, then make sure to tune in. Let Kevin help you decide! In today’s episode, he discusses how to determine the appropriate use class of your SA, when to apply for ‘material change of use’, how to source more than 90-day bookings, and so much more!

KEY TAKEAWAYS

  • C3 is the appropriate use class for serviced accommodations; unless you’re letting out SA by the room with a shared facility, then that would be C1.
  • The 90-day rule in London with Service Accommodation. This is also known as the Greater London Council (General Powers) Act 1973. Because of the London Olympics, it was decided that there wasn’t enough accommodation. People were ignoring the 90-day rule. Then, the Deregulation Act of 2015 came to play which states that short stays up to 90 days are not subject to planning.
  • Material changes of use. Notify the council if you’re going to do this.
    • Are you significantly changing the parking since you turned the property into an SA?
    • Patterns of arrival and departure. What time do your customers arrive?
    • Numbers of People. Don’t overcrowd.
    • The frequency of party-type activity. You can be taking deposits or limit stays.
    • Reuse and recycling. Make sure your cleaners know what to do with the rubbish.

BEST MOMENTS

  • “You can have short stays of up to 90 days in London without the requirement to change the planning.”
  • “Longer stays mean more money, less cleaning, less laundry, etc."
  • “Get around the 90-day [rule]. How do you get around the 90-day rule? You don’ t need to go around the 90-day rule.”

VALUABLE RESOURCES

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

Accessing Your Pension for Serviced Accommodation Properties With Penstar Developments Managing Director Andrew John Ferguson03 Oct 201800:16:45

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.

 

 

Welcome to another episode of The Serviced Accommodation Property Podcast! Today’s going to be interesting for a lot of people who do not realize that they could access their pension and put it into a self-invested personal pension (SIPP) and invest it in a property. Learn from Andrew John Ferguson, Managing Director of Penstar Developments Ltd., how accessing pension helped him accelerate his business and how is it different from what bridging loan companies offer. If it’s your first time to hear about this, then better tune in!

KEY TAKEAWAYS

  • Utilize your pension to invest in properties. The usual refurnishing and refurbishing route is a long one so Andrew wanted to speed that up by finding another way – looking into pensions. He saw it sitting there underused so why not take advantage of it.
  • A small self-administered scheme (SSAS) was created under his limited company which was used for property purchases. You can also be creative of how you structure the deal. Agree on a certain percentage that will go back to pension pot to grow it.
    • 50% loan to limited company – 2 residential properties
    • 50% commercial property
  • Find someone who’s experienced and has done it before. A financial advisor who knows about these stuff. He’ll put you in contact with a pension administration company. Navigating though HMRC is laborious so getting advice is critical.
  • Accessing pension was a gamechanger with its impact financially. Andrew didn’t want to deal with bridging loan cost and extortion fees. If you compare of what his company was able to do with purchasing property and financing it themselves, it’s extraordinary.
  • Andrew has spent 20 years of his life in the corporate life and doesn’t miss a single thing about it. It has been a fantastic journey. They get to do what they want to do. It gave them the freedom to build a legacy for the family through property portfolio.
  • Building a circle with a 25-mile radius for serviced accommodation properties from where the company is situated. This is to utilize their team of cleaners, gardeners, and other contractors. They want to focus on the area near them.

BEST MOMENTS

  • “I thought I was gonna wait ‘til I was 55 before I could get my hands on it [pension]. But actually, discovering I could get to it now by a different route - by using it for SSAS - allowed us to bring those plans forward.”
  • "The beauty of it is - the interest that we agree of the money we borrow from the pension fund is actually being paid back to ourselves. It's not being paid back to bridging loan companies."
  • "We always expected that our career would come to a point that we don't wanna take it further and we saw property as being the next step."

VALUABLE RESOURCES

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.

ABOUT THE GUEST

Andrew John Ferguson is the Managing Director of Penstar Developments Ltd., a company that focuses on buying and selling real estate. Penstar also has rental properties in their property portfolio which are located around the East Midland/East Anglia region. The are also looking into building their Service Accommodation business in South Africa.

Before starting his own real estate company, he worked for corporate companies for more than 20 years. He worked as a BPO Global Capability Lead (F&A and Procurement) in Accenture Services Pvt. Ltd and as London Region Shared Service Centre Manager in Exel.

CONTACT METHOD

Andrew John Ferguson

Kevin Poneskis

Choosing Your Serviced Accommodation Goldmine Area03 Oct 201800:30:34

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.

 

 

Welcome to another episode of The Serviced Accommodation Property Podcast! In today’s episode, Kevin lays out the key aspects that should be looked at when you’re choosing your serviced accommodation property. So, first things first, it’s important to be mindful of how’s the supply and demand in your area. What creates the demand will be the basis of what, where, and for whom is your serviced accommodation property – and that’s what this episode is all about. So, determine what you should be ticking on your checklists to make sure you’re hitting a goldmine when you listen to this episode!

KEY TAKEAWAYS

  • Know your location:
    • Are there any building sites, industries, town centres, train stations, theme parks, universities, sports venues or airports near your area? Places that People who come work their need SA. Commute. Traffic of people.
    • Longer stays are better. It saves energy, money, and time to do tasks (e.g. prepping, cleaning, etc.)
    • Hotel futures report. it tells if there is enough demand for short-term stays in the area.
  • Know your target customers:
    • White collar workers? Blue collar workers? Holiday-makers?
    • Tradesmen are less seasonal. They work all year round.
  • What type of property of serviced accommodation?
    • It could be normal houses and terrace houses, not just apartments.
    • You can have high-end SA properties depending on the demand.
  • Look at your competitors.
    • Go to Booking.com, you’ll see where the SAs and hotels in your area.
    • com is much better a booking agent.
    • Try to model yours with SAs that scores higher than 8.5.
  • Assess demand for SA through the Chamber of Commerce. It will tell you any big businesses and projects that are coming in your area.
  • Understand your cost. Due diligence is all about getting to understand whether or not it's going to work before you spend all your money. Get quotes from accountants for insurance, furniture, cleaners, utilities, etc.

BEST MOMENTS

  • "We are noticing year on year a massive shift in behaviour... tradesmen are looking for serviced accommodation first now before they look into staying in hotels, guesthouses and B&B’s."
  • "Remember: You only want to be modelling yourself on the listings that are getting good reviews."

VALUABLE RESOURCES

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 a 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

 

What is a Serviced Accommodation Property?03 Oct 201800:18:46

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.

 

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

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

Richard Stone19 Dec 202200:39:19

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/

kevin@propertysoldier.co.uk

Interview with Dan Eaton – Why Commercial Conversion to SA is so Easy and Lucrative11 Sep 202200:36:55

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/

kevin@propertysoldier.co.uk

Interview with Mark Homer the Co-Owner of Progressive Property11 Jul 202200:45:18

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/

kevin@propertysoldier.co.uk

 

 

 

 

Who wants a free Serviced Accommodation (SA) Mentoring call and some free training?26 Jun 202200:24:14

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 info@propertysoldier.co.uk 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/

kevin@propertysoldier.co.uk

Earning 7-figures on Social Without Any Ad Spend with Gary Das19 Jun 202200:28:27

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/

kevin@propertysoldier.co.uk

 

 

 

 

Create a Win-Win in property and you have cracked the code!12 Jun 202200:26:30

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 dawn@propertysolider.co.uk 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/

kevin@propertysoldier.co.uk

 

Now is Definitely the Time to go into Serviced Accommodation!29 May 202200:26:00

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 dawn@propertysolider.co.uk 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/

kevin@propertysoldier.co.uk

Where There is Adversity There is Opportunity08 May 202200:17:50

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/

kevin@propertysoldier.co.uk

Apart Hotels with Mark Hodgkiss05 Feb 202400:33:20

Today’s episode of the Serviced Accommodation Podcast is all about turning guesthouses, B&Bs and hotels into apart-hotels. Something that Mark Hodgkiss has already done several times, so the information in this podcast is like gold dust.

It includes how to source properties, convince owners to sell, structure an exchange with a delayed completion deal, finance it, complete the transformation, and run the business.

KEY TAKEAWAYS

  • Turning hotels and B&Bs into serviced accommodation (SA), should not be the first SA deal you do.
  • B&Bs are typically found in central locations, undervalued and there are not many buyers.
  • Adding rooms and improving the quality of the rooms can easily double profitability.
  • Locals typically view this type of development favourably.
  • Apart hotels are not 100% hands-off, but they are easier to run than you think.
  • Adding kitchenettes makes them more attractive.
  • You don´t have to necessarily wait until the business is put up for sale. Mark explains how to approach owners and put a business proposition to them that is hard to resist. 

BEST MOMENTS

‘That will result in almost doubling of the business.’

‘It´s not set and forget, but it´s getting easier.’

‘If you can offer the tools to be able to fulfil what they need out of the sale you are in a good position.’

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

info@inhotproperty.co.uk

https://www.facebook.com/InHotProperty/

Property Log Chrome Extension - https://chromewebstore.google.com/detail/property-log/jccihedpilhidcbkconacnalppdeecno?hl=en-GB

Podio - https://www.podio.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

kevin@propertysoldier.co.uk

The Four Pillars of a Stable Business with Henri Ghijben of Edify Properties10 Apr 202200:33:26

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/

kevin@propertysoldier.co.uk

Sell the benefits of Rent to Serviced Accommodation (R2SA) and you will get more deals!14 Mar 202200:18:20

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/

kevin@propertysoldier.co.uk

 

Interview With Mikey Small08 Feb 202200:34:49

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/
kevin@propertysoldier.co.uk

Interview with Jehan Annis – Lucrative SA, HMO and Property Sourcing Business Models10 Jan 202200:17:44

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/

kevin@propertysoldier.co.uk

 

 

 

‘Just Pay for a Risk Valuer to Go Out'13 Dec 202100:31:50

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: Kiran@venturefinanceuk.com
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/
kevin@propertysoldier.co.uk

Money Can't Buy You Happiness!?11 Nov 202100:23:52

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 - book@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/

kevin@propertysoldier.co.uk

 



The Power of Three & Superior Interior Design With Jackie Hodson08 Nov 202100:26:09

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 – Jackie@milliesinteriors.com

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/

kevin@propertysoldier.co.uk

 

 

Exit Strategies for Serviced Accomodation24 Oct 202100:21:18

In this episode, Kevin explains how serviced accommodation business owners can pivot should market conditions shift. He shares several strategies that he has himself used. Approaches anyone can use to exit the SA business or use their property portfolio to make money in a different way.

 

KEY TAKEAWAYS

  • Serviced accommodation is working well now and will continue to do so in the future.
  • Should market conditions change, there are ways for SA owners to reposition themselves and continue to earn. Kevin explains several of them in the podcast.
  • Most SA properties can be switched to being rented out to long term clients.
  • When buying properties, think through how else you could use them. Then, stress test it for those scenarios.
  • If you are thinking you might want to switch it to buy to let, make sure it will achieve the mortgage rent ratio.
  • Selling the property is another exit strategy. Especially if you have run out of capital allowance.
  • If you still have capital allowances left to claim, get the buyer to sign a 198 election, when you sell. Kevin explains why in the episode.

 

BEST MOMENTS

‘If you are doing a rent to service combination, you could give the property back to the owner.’

‘You could even ask the letting agent to find an alternative tenant to replace you.’

‘If I wanted to pivot in the future, there are easy ways to do it.’

 

 

VALUABLE RESOURCES

Sign up for Discovery Day - https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676

The Serviced Accommodation Property Podcast

https://propertysoldier.co.uk/

Rich Dad, Poor Dad by Robert T Kiyosaki

Serviced Accommodation Success by Kevin Poneskis

 

 

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/

kevin@propertysoldier.co.uk

 

 

 

 

Interview with Shimon Rudich of MS Law – Lease Purchase Options and Other Innovative Ways to Buy Properties12 Oct 202101:11:02

In this episode, Kevin speaks with Shimon Rudich, a lawyer with expertise in lease purchase options and other creative ways of acquiring property. He is also a property investor and the landlord of numerous residential, HMO and commercial properties.

Simone explains how to buy, develop, and earn from multiple properties, even if your credit rating is terrible. Doing so without securing a mortgage first. He shares the details of several of the deals he has made throughout his career. Deals anyone can replicate to secure properties and land that they would not otherwise be able to afford to invest in.

 

KEY TAKEAWAYS

  • It makes sense to have multiple streams of income.
  • Lease purchase options are a highly viable way to start making money from properties.
  • Lease options enable you to secure the exclusive right to buy a property at an agreed-upon future date.
  • Buying a property using a lease option means you do not need to secure a mortgage first.
  • With the right agreement, you can live in the property or lease it out before you the final purchase date.
  • Look for the win-win and take care of the vendor to secure the best and most deals.
  • Options are especially tempting for vendors that are struggling to sell or facing repossession.
  • Using lease options enables you to invest in big projects, for example converting a large house into flats.
  • Be sure to look beyond what the property is worth now. See the potential, especially the options that add value fast.
  • Think out of the box to sweat assets like land. Simone shares an interesting way to do this, in the podcast.
  • If you are not paying upfront and can hang onto an asset for years until it accrues substantial value, you can afford to offer the vendor a great price.
  • With lease options, you need to understand the difference between an exchange and completion. Simone covers this subject, in the podcast.

 

BEST MOMENTS

‘A lease option is the right, but not an obligation, to buy a property.’

‘Lease options are a win-win scenario.’

 

 

VALUABLE RESOURCES

Discover How to Profit from the Airbnb and Bookings.com Boom

The Serviced Accommodation Property Podcast

https://propertysoldier.co.uk/

Rich Dad, Poor Dad by Robert T Kiyosaki

Serviced Accommodation Success by Kevin Poneskis

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

 

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/

kevin@propertysoldier.co.uk

 

 

 

 

Maximising Capital Allowances to Generate Tax-free Profits with Arthur Kemp05 Sep 202100:39:12

In this episode, Arthur Kemp Kevin´s capital allowance expert explains what capital allowances are and how to use them to generate tax-free money. Using several examples, he explains the different ways that SA property business owners can maximise the opportunity including using sideways loss relief. Generating tens of thousands of pounds of what is basically additional profit in the process.

 

Arthur also touches on how to profit from land remediation relief, structure, and buildings allowance and more. As well as explaining that capital allowance arrangements can potentially be structured to benefit landlords and investors you want to work with. Something that makes it far more likely they will want to take part in more of your win-win deals.

 

KEY TAKEAWAYS

  • According to HMRC, 96% of property transactions hadn´t maximised the capital allowances. So, there are huge opportunities for property entrepreneurs.
  • Whenever you buy a property a certain percentage of it can be classified as plant and machinery which can be used to make a capital allowance claim.
  • When you extend or refurbish you are usually adding more plant and machinery.
  • How a property is traded is important.
  • Most accountants do not have a deep enough understanding of capital allowances to maximise them.
  • Arthur explains how, in certain circumstances, you can reclaim some of the PAYE tax you have paid.
  • It is important to understand the difference between serviced accommodation and short term lets from the point of view of HMRC. This is explained, in the podcast.
  • You can only claim capital allowances once in a building´s lifetime. Arthur explains how to buy properties on which a claim has not already been made.

 

BEST MOMENTS

‘What are capital allowances?  - Tax-free money, ultimately.’

‘It´s really important to get the capital allowances, detailed (in the contract) and signed off at completion.’

 

VALUABLE RESOURCES

Discover How to Profit from the Airbnb and Bookings.com Boom

The Serviced Accommodation Property Podcast

https://propertysoldier.co.uk/

Rich Dad, Poor Dad by Robert T Kiyosaki

Serviced Accommodation Success by Kevin Poneskis

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

 

GUEST RESOURCES

Email - ak@exactca.co.uk 

Website - https://www.exactca.co.uk 

Phone - 08454672765 

 

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/ 

kevin@propertysoldier.co.uk 

Interview with Shimon Rudich06 Nov 202300:46:39

Shimon Rudich, who is himself a property investor and a very experienced solicitor, explains how to use joint venture partners to accelerate your growth. Shimon covers, identifying what skills and assets your business needs and finding the right partner to fill those gaps, enabling both of you to make more money, faster.

KEY TAKEAWAYS

  • Don’t skip any of the checks Shimon Rudich shares when setting up a joint venture deal. Due diligence is essential.
  • Only use the joint venture approach when you can achieve more than you would if you went it alone. 
  • Some people are not cut out for the joint venture approach.
  • There are many different types of joint venture. It could be exchanging labour, money, expertise or something else for a cut of the profits.
  • Understand which of the money making skills and assets you are lacking in, and then find partners to fill those gaps.
  • You have to get on well with your joint venture partner.
  • Never joint venture with someone who is not honest.

BEST MOMENTS

‘If you don’t do your due diligence and then you lose your money you have only yourself to blame. ’

‘You joint venture when two plus two makes five.’

You must know exactly what you're seeking and what you're offering.

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://www.facebook.com/shimon.rudich/
shimon@ms-law.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/
kevin@propertysoldier.co.uk 

Tax and company structures for Serviced Accommodation29 Aug 202100:32:35

Kevin sheds light on how to structure a new serviced accommodation company. Doing it in the most tax-efficient way. Kevin shares how he and those he has taught do this. Including details that can greatly reduce your tax bill and enable you to manage VAT effectively. Proven approaches, which any SA entrepreneur can easily investigate further and use for their business, where appropriate.

 

KEY TAKEAWAYS

  • Usually, it is best to set up a brand-new company.
  • Having a limited company makes tax returns and insurance easier.
  • How you own your property is important. There are several entities for you to consider. In the podcast, Kevin walks his audience through each option.
  • When working through the possibilities, remember that you have to pay more than corporation tax when you want to get money out of a Limited company.
  • Understand and factor in section 24.
  • SA owners also need to understand VAT. Including, standard VAT, the flat rate scheme, and the TOMS scheme. Kevin provides an overview of each one.
  • Ask an experienced and qualified accountant that is familiar with SA before making your final decision. 
  • Understanding capital allowances for serviced accommodation may enable you to claim back money even years after your purchase.

 

BEST MOMENTS

‘Bear in mind the way you will pay tax depends on how you own the properties.’

‘Don’t just think about capital allowances on serviced accommodation. Start thinking the bigger picture.’

 

 

VALUABLE RESOURCES

Discover How to Profit from the Airbnb and Bookings.com Boom

The Serviced Accommodation Property Podcast

https://propertysoldier.co.uk/

Rich Dad, Poor Dad by Robert T Kiyosaki

Serviced Accommodation Success by Kevin Poneskis

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

 

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/

kevin@propertysoldier.co.uk

Mentoring call with Steve – Starting Your SA Journey22 Aug 202100:29:36

In this episode, Kevin lets you listen in on a live mentoring call he did with Steve who is a plumbing and heating engineer who is looking to set up a SA business as well. Kevin steps him through finding the right area to set up in, making sure that the lease allows SA and the tricky subject of capital allowances. He also shares why, often, properties in depressed areas can make great SA properties. As well as touching on several other subjects which are of particular importance to those getting started in the industry.

 

KEY TAKEAWAYS

  • Don´t discount the cheaper areas of town. Provided people can safely park their car outside it is worth checking out.
  • The right owning entity is important. Kevin explains the pros and cons of each option in the podcast.
  • Don´t follow the herd.
  • Understand what your customer wants, so you do not inadvertently dismiss good opportunities.
  • Create win-wins for investors. Kevin explains how in the podcast.
  • With SA, it is often possible to use the TOMs scheme to greatly delay having to pay VAT. Kevin covers that in quite a bit of detail.

 

BEST MOMENTS

‘Reassuring the landlord or agent that you already have clients lined up is ideal’

‘Once you have listened to what the investor wants, you can reverse engineer the way you present the deal to them.’

 

 

VALUABLE RESOURCES

Contact Kevin - admin@propertysoldier.co.uk

Discover How to Profit from the Airbnb and Bookings.com Boom

The Serviced Accommodation Property Podcast

https://propertysoldier.co.uk/

Rich Dad, Poor Dad by Robert T Kiyosaki

Serviced Accommodation Success by Kevin Poneskis

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

 

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/

kevin@propertysoldier.co.uk

 

 

 

 

More Opportunities coming for SA and Property Investors in General16 Aug 202100:32:17

In this episode, Kevin explains why CoVid has created several new opportunities for property investors and SA landlords. He shares why that has happened as well as explaining how you can take advantage of several of these opportunities.

 

Kevin also announces a new workshop he is running to help investors and landlords to uncover and benefit from even more new property business models. You can find out how to enrol by listening to the podcast.

 

Property Revolution Summit: https://bit.ly/prskev

 

KEY TAKEAWAYS

  • Covid has created opportunities for well-educated property investors.
  • Some of the models were there pre-covid but have become far more lucrative as a result of the crisis.
  • There are also several new approaches landlords can use to benefit, which Kevin explains in the podcast.
  • Fixing people´s problems is a highly effective way to make a profit while helping them. The ending of furlough creates such a landscape.
  • People will be wanting to off-load properties quickly, which is an opportunity for investors.
  • Win-win solutions will work best.
  • Even the stamp duty holiday ending creates an opportunity. Kevin shares the exact strategy you can use to benefit.
  • People will want to make better use of their savings, which is a win-win opportunity for investors who are seeking funds.
  • Rent to SA is still a way in for those without a lot of funds to invest.
  • There is also an opportunity to create win-win situations with tenant-buyer deals.
  • Kevin´s Property Revolution Summit is the place to learn more. Details are in the podcast.

 

BEST MOMENTS

‘The current landscape has actually created lots of benefits for sophisticated property investors.’

‘There is going to be many more motivated sellers out there.’

‘I have cash flowing in in excess of £1000 a month on a property I did not buy.’

 

 

VALUABLE RESOURCES
Property Revolution Summit: https://bit.ly/prskev

 

Discover How to Profit from the Airbnb and Bookings.com Boom

The Serviced Accommodation Property Podcast

https://propertysoldier.co.uk/

Rich Dad, Poor Dad by Robert T Kiyosaki

Serviced Accommodation Success by Kevin Poneskis

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

 

 

 

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/ 

kevin@propertysoldier.co.uk 

 

 

 

 

Serviced Accommodation LIVE!08 Aug 202100:19:44

In this episode, Rob and Mark Hodgkiss of Harrogate Stays share how they have taken multiple B&Bs and turned them into highly profitable Apart Hotels. They explain how they have quickly scaled their properties and practically doubled their turnover, in under a year. In the podcast, they share details of how to find properties to convert operate and buy.

 

KEY TAKEAWAYS

  • With apart-hotels, the initial investment can be high. But so is the income.
  • Look at adding scale e.g., adding more rooms.
  • Upgrading the rooms or accommodating more people is another way to sweat your asset.
  • Increasing the occupancy rate is often not hard to do especially when taking over an old B&B.
  • Right now, because baby boomer owners want to retire, there are a lot of B&Bs for sale.
  • There are limited buyers for these kinds of properties.
  • You can create a flexible and creative acquisition structure out of the fact so many B&B owners want to sell.
  • This is not a passive or get rich quick model, but the rewards are high.
  • It is a business model that is extremely good for cash flow.

 

BEST MOMENTS

‘Serviced apartments are essentially a single let on speed.’

‘One of the extra benefits is existing C1 class, so no planning’

 

 

VALUABLE RESOURCES

Discover How to Profit from the Airbnb and Bookings.com Boom

The Serviced Accommodation Property Podcast

https://propertysoldier.co.uk/

Rich Dad, Poor Dad by Robert T Kiyosaki

Serviced Accommodation Success by Kevin Poneskis

 

 

GUEST RESOURCES

Website - https://www.inhotproperty.co.uk/

Contact - host@inhotproperty.co.uk

Facebook – https://www.facebook.com/harrogatestays/

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

Contact – harrogatestays@harrogatestays.co.uk

https://harrogatestays.co.uk/

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

 

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/

kevin@propertysoldier.co.uk

 

 

 

 

Busting some Serviced Accommodation Myths!01 Aug 202100:24:14

In this episode, Kevin busts some of the most common serviced accommodation myths. He helps you to better understand what can and cannot be done by SA business owners. Ensuring that nobody gets needlessly stuck or suffers unnecessary expense as a result of misinformation. He speaks about rates, planning classes, property standards classification, purchasing as a Ltd company and why you would not sign an ASD when taking a property off of an owner.

 

KEY TAKEAWAYS

  • From a planning point of view, the appropriate use class for most serviced accommodation models is C3.
  • For most SA landlords, going onto business rates is not something to worry about. Kevin explains why in the podcast.
  • Serviced accommodation, which should definitely not be someone´s permanent home, is not covered by the housing act.
  • If an agent is belligerently telling your property needs to be treated as an HMO use the housing officer to provide them with concrete proof that it is not. Kevin explains exactly how in the podcast.
  • No business use clauses in leases do not always preclude your using a building for SA.
  • All SA properties need to be bought as a Ltd company is a myth – Kevin explains why, including the potential tax benefits, in the episode.

 

BEST MOMENTS

‘You could potentially claim small business rates relief’

‘I always suggest that you look at sublease and the head lease.’

 

 

VALUABLE RESOURCES

Discover How to Profit from the Airbnb and Bookings.com Boom

The Serviced Accommodation Property Podcast

https://propertysoldier.co.uk/

Rich Dad, Poor Dad by Robert T Kiyosaki

Serviced Accommodation Success by Kevin Poneskis

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

 

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/

kevin@propertysoldier.co.uk

 

 

 

An Exciting SA Opportunity – Purchasing a Guest House for Conversion to Self-Catering Accommodation18 Jul 202100:33:14

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 explains why converting a guest house into self-catering accommodation is so lucrative. He shares details of how anyone that is interested in running an SA business can use this model.

 

Including in-depth tips that will help you to get past typical hurdles and not make common mistakes. For example, why macerating toilets are not a good idea for this type of project and how to choose a surveyor that will provide the valuation you need. He also covers finance, maximising tax savings, due diligence, and much, much more.

 

KEY TAKEAWAYS

  • Developing an existing guest house into an Apart Hotel for self-caterers is an exciting SA opportunity.
  • It is a great way to increase the earning capacity of existing businesses.
  • Increasingly people prefer self-catering apartments to hotel or B&B rooms. Demand is huge.
  • Many B&B owners are trapped in their businesses, so are keen to sell.
  • This type of commercial property can potentially be valued on its earnings before interest, tax, depreciation, amortisation, or EBITDA. Kevin provides more details in the podcast.
  • Capital allowances can only be claimed once in a building’s lifetime. This needs to be considered as part of the purchase.
  • It is possible to get a significant % of the purchase cost back out when using this SA business model.
  • Even if you are buying with cash, get a survey done.
  • Use a conveyancing solicitor that has experience in dealing with this type of property.
  • Never assume that a property that is currently a guest house is trading legally.
  • Make sure that the seller is willing to let you claim the capital allowances. Kevin explains why.
  • Lease options are a highly effective way to fund these deals. They can be made attractive to sellers too.
  • Get a DIP to make it easier to obtain your loan.
  • Make sure that your option to buy is long enough to cover bank and financing delays.

 

BEST MOMENTS

Section four acquisition guest house B&B conversion is one of the most exciting acquisition strategies

‘Ensure that both planning and building control are happy with the alterations of the property.’

‘Use a commercial surveyor who is on the recognised panel for the lender that you intend to use for your loan’

‘People often say that property investment training is expensive. But I know that ignorance is expensive.’

 

VALUABLE RESOURCES

The Serviced Accommodation Property Podcast

https://propertysoldier.co.uk/

Rich Dad, Poor Dad by Robert T Kiyosaki

Serviced Accommodation Success by Kevin Poneskis

 

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/

kevin@propertysoldier.co.uk

 

 

 

Lease Restrictions on Serviced Accommodation11 Jul 202100:16:45

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 explains how to avoid properties that have lease restrictions that would prevent you from legally running them as serviced accommodation. He explains how to get your hands on the lease and correctly interpret what it says to determine if the property is actually suitable.

 

KEY TAKEAWAYS

  • In the UK, over 80% of properties are freehold, which means that they are usually suitable for SA.
  • A lot of lease restrictions are open to interpretation.
  • You need to see and read both the lease and any sub lease for any property you wish to use for SA. In the episode, Kevin explains some of the things to look out for.
  • If you know that the block management company or neighbours are anti-SA it is best to go elsewhere even if the lease states that you can do SA. It is not worth the hassle.

 

BEST MOMENTS

‘Over 80% of properties in the UK are freehold properties, where there are no restrictions.’

‘A lot of these restrictions are open to interpretation.’

 

VALUABLE RESOURCES

Discover How to Profit from the Airbnb and Bookings.com Boom

The Serviced Accommodation Property Podcast

https://propertysoldier.co.uk/

Rich Dad, Poor Dad by Robert T Kiyosaki

Serviced Accommodation Success by Kevin Poneskis

 

 

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/

kevin@propertysoldier.co.uk

 

 

 

 

Speaking with Dan Eaton04 Jul 202100:28:47

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 and Dan Eaton discuss converting commercial properties into residential use that can later be used for serviced accommodation. A property model that, in the current market, is especially ripe for exploitation.

 

Dan explains how to leverage the changes made to planning regulations in September 2020. He covers the subjects of the new commercial use classes, vacant periods and the difference between prior approval (permitted development) and planning permission.

 

KEY TAKEAWAYS

  • Any building or plot that is used for business purposes is classed as commercial.
  • The returns on commercial to residential conversions are very high.
  • The changes made to planning legislation in September 2020 has made converting commercial properties to residential easier.
  • Currently, you can change shops, banks etc that are up to 1,500 square meters into residential or SA use. Provided they have been vacant for 3 months.
  • Adding value pays. Right now, the UK desperately needs good residential property. When you convert commercial to residential you are certainly adding value.
  • Prior approval and permitted development mean that you know you are going to get the permission for your conversion and get it fast.
  • Because you know for sure that you are going to get permission to make the conversion, attracting investors is easy.

 

BEST MOMENTS

‘I once made £510,000 from one deal.’

‘You can now look at changing supermarkets into residential’

 

 

VALUABLE RESOURCES

The Serviced Accommodation Property Podcast

https://propertysoldier.co.uk/

Rich Dad, Poor Dad by Robert T Kiyosaki

Serviced Accommodation Success by Kevin Poneskis

 

 

GUEST RESOURCES

Email: info@pivotal-point-group.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/

kevin@propertysoldier.co.uk

 

 

 

 

Interview with Alan Bond - Property Investing - The Best Hard Work You Will Ever do20 Jun 202100:30:38

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 speaks to Alan Bond, a former Royal Navy Engineer Officer who now works as a Maritime Design Consultant whilst simultaneously running a successful SA property business in Bath, UK.

 

Alan explains how Progressive SA training enabled him to legally reduce the firm´s tax bill by tens of thousands. They also discuss using SSAS pensions to build equity, which can be leveraged for future purchases.

 

KEY TAKEAWAYS

  • If you treat the business like a hobby, it will reward you like a hobby.
  • If you treat it as a business, it will reward you like a business.
  • Training is key. Ignorance is expensive. Day 1 of the Progressive SA course Alan learnt about capital allowances. This allowed him to offset over £200k in tax on a single property!
  • Alan’s highest-earning property has not paid a penny in income tax since it began trading and with the capital allowances still to come is unlikely to for a few more years.
  • Automate wherever possible to reduce the amount of administration time it takes. Learn the systems and processes.
  • Have a plan – Alan and partners have a 5-yr strategy to step back from the business, give up the day jobs, and allow one person to manage the business on their behalf.
  • Get involved locally – Alan is a committee member for BASCA the local area Self-Catering association. It opens doors to politicians and local councils where you can exert influence.
  • Use special-purpose financial vehicles like SSAS pensions to build equity to allow future purchases – guesthouses and B&Bs that are already classified as commercial property.

 

BEST MOMENTS

‘When you treat property investing as a business, it rewards you like a business’

‘SA is challenging and hard work but hugely rewarding’

 

VALUABLE RESOURCES

The Serviced Accommodation Property Podcast

https://propertysoldier.co.uk/

Rich Dad, Poor Dad by Robert T Kiyosaki

Serviced Accommodation Success by Kevin Poneskis

 

Audio Book Version of Serviced Accommodation Success

 

 

GUEST RESOURCES

Website - https://www.mipadbath.co.uk/

Alan´s email – Alan@mipadbath.co.uk

 

ABOUT THE GUEST

Alan is a former Royal Navy Engineer Officer who now works as a Maritime Design Consultant whilst simultaneously running a successful SA property business in Bath, UK.

 

Alan began his property journey some 30+ years ago renting his own home to Royal Navy colleagues whilst he was away at sea. This was followed by a journey through student accommodation in Plymouth and standard buy-to-lets. Upon leaving the Navy he became a partner in a start-up property development company in Liverpool, which garnered him an appearance on TV’s Homes Under the Hammer.

 

By his own admission, he has probably made just about every mistake in the property investor handbook, including treating it as a hobby, buying off-plan, and buying in a foreign country...twice! Undeterred he happened upon a Progressive Property MSOPI event some 4 years ago and was intrigued by Serviced Accommodation. Fed up with the anti-landlord taxation rules that were becoming ever more onerous and spurred on by his latest dealings with troublesome tenants, he embarked on SA training believing the model would work well in his new hometown of Bath.

 

Along with his business partners - his wife Sarah, and another couple - he has been running the SA business in Bath for three and a half years now and has 4 properties in Bath and one in Cornwall, all owner financed. Alan tells of how despite the current COVID restrictions and the impacts of the global pandemic the business is performing stronger than ever, with current demand exceeding all expectations. Staycations have replaced international tourism, and this doesn’t look likely to slow down any time soon.

 

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/

kevin@propertysoldier.co.uk

 

 

Getting R2SA Properties From Agents & Landlords and Direct Commission Free Bookings!13 Jun 202100:12:32

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 highlights the two main hurdles SA start-ups face. He briefly explains the strategies you can use to overcome these issues so that you can secure direct bookings and avoid having to pay commission.

 

Kevin then shares details of his Serviced Accommodation Boom Success Workshop, where you can learn, in detail, how to implement these strategies. As well as how you can use his established UK-wide SA company as a springboard for your own SA business launch.

 

KEY TAKEAWAYS

  • There is huge pent-up demand for SA coming from businesses who want to make long-term bookings.
  • There is also strong staycation demand.
  • Anyone can cash in provided they already have a property or can secure properties from agents or landlords.
  • Unfortunately, agents are reluctant to rent to SA start-ups that have no track record.
  • Knowing what to say to agents and landlords is essential. In the podcast, Kevin shares details of training and assets that will enable you to overcome this issue.
  • Joint venturing with Kevin provides instant credibility. Details of how to do that and the other benefits this provides are in the podcast.

 

BEST MOMENTS

‘There is an awful lot of pent-up business demand out there, right now.’

‘I´m covering all of the bases for you.’

‘I´m providing you with a website, with the agent scripts and the flyers.’

 

VALUABLE RESOURCES

The Serviced Accommodation Property Podcast

https://propertysoldier.co.uk/

Rich Dad, Poor Dad by Robert T Kiyosaki

Serviced Accommodation Success by Kevin Poneskis

 

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/

kevin@propertysoldier.co.uk

 

 

 

 

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