Interview with Mark Ormrod MBE

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.

---

In this Q&A podcast, Kevin speaks to Mark Ormrod MBE. He is a former Royal Marine and an Invictus Game athlete. As well as a motivational speaker and author. For the past 10 years, he has worked for a Royal Marines charity.

During that time, he also invested in property and is now considering moving into the field of Serviced Accommodation. Using a Q&A format Kevin shares details of how to do that successfully in the current climate. He explains how to systemize the processes so that this kind of business can be run at scale. Including the rent to SA model that anyone can set up without needing a lot of capital to do so. Kevin also covers practical things like using a channel manager to make sure that you do not get double booked.

KEY TAKEAWAYS

• Running a serviced accommodation business is a viable way to make a semi-passive income.
• You can be hands-on with a SA business, or once you have systemized things, get someone else to run it for you.
• Currently, you can earn a lot more money from serviced accommodation than you can from HMO or buy to let.
• Location is key to success when it comes to SA, but it does not have to be tourist related.
• It is possible to rent a property from someone else and put SA clients in it. This is a business model that requires virtually zero capital.
• There are big financial and tax benefits to using the rent for SA model.
• Using lease purchase options is a good way to buy property and make full use of capital allowances.
• Using multiple advertising channels is the secret to keeping your serviced accommodation full.
• A channel manager is an essential tool for a SA property owner.
• In the podcast, Kevin explains how to leverage the knowledge that SA management companies have.
• If you plan to use an SA management company, it is possible to use Booking.com to check their service out and hire the one that will do the best job.

BEST MOMENTS

‘Working hard to build someone else´s empire, doesn’t appeal to me anymore.’

‘Location is key when it comes to SA. ‘

‘I like at least two-bed properties upwards; I prefer houses over apartments. ‘

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

Man Down by Mark Ormrod

Mark Ormrod website

Facebook

Instagram

Twitter

LinkedIn

No Limits Podcast

ABOUT THE GUEST

Mark Ormrod MBE is a former Royal Marine and a multi-medal winning Invictus Games athlete. In Afghanistan, Mark lost 3 limbs when while on foot patrol he was caught in the blast of an improvised explosive device. He overcame his injuries and regained his mobility and went on to win four gold, 4 silver, and 3 bronze medals across 2 Invictus Games. He is also an experienced property investor and worked for 10 years within the charity sector.

Mark has taken his experience of overcoming huge challenges and is now helping others to do the same, through motivational speaking and his award-winning auto-biography Man Down.

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]