Getting the Best Start in Your Serviced Accommodation Business with Ben Brand

The Serviced Accommodation Property Podcast

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

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Kevin is with Ben Brand co-founder of STAYBC a premier provider of short stay serviced accommodation. He started his journey with Kevin’s serviced accommodation training and his business has gone from strength to strength.

They discuss due diligence; capital allowances and how great serviced accommodation can be created by converting guest houses and B&B’s into studio room hotels. This is an opportunity to hear about how you can grow a successful business in serviced accommodation if you have someone to show you the possibilities and get the best education before you start out.

KEY TAKEAWAYS

• Someone showing you the opportunity is fundamental to your success.
• If you invest in property education you are spending money on something that can transform your life.
• Only take on a property that you know is going to work as serviced accommodation after you have undertaken your due diligence.
• If properties are used as serviced accommodation the income is trading income not investment income and mortgage interest can be offset against this income.
• When a property is used as serviced accommodation the moving parts inside the property such as the boiler and the kitchen becomes plant and machinery and capital allowances can be claimed.
• Converting B&Bs and guest houses into studio room hotels means they can still be found on booking.com
• There is a massive opportunity to create a win, win situation for everyone with these types of properties.
• If you are acquiring residential property to convert to serviced accommodation the capital allowances will not have been claimed.
• It’s always all about going the extra mile to secure direct bookings to create your own customer database.

BEST MOMENTS

‘Your podcast got me to where I am now in Serviced Accommodation’

‘The SA bounce means we have been able to raise our prices by 40-50%’

‘We’ve learnt so much and have been able not only to operate but grow in this time’

VALUABLE RESOURCES

The Serviced Accommodation Property Podcast

https://propertysoldier.co.uk/

STAYBC website

ABOUT THE HOST

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

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

CONTACT METHOD

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

[e-mail]