Mentoring Call – Getting Started with SA and Overcoming Common Hurdles

The Serviced Accommodation Property Podcast

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In this podcast, Kevin speaks to Alison and Craig who are just getting started in the property industry and are scaling their individual businesses. This is part of his free mentoring call series, during which newbies share their progress and pose questions, which Kevin answers.

This episode covers choosing the right area to run a serviced accommodation business in, how to find landlords who will rent to you. As well as, how to work out if a property will be profitable. What questions to ask landlords to make sure that the property that they have can be used for serviced accommodation.

KEY TAKEAWAYS

• Track down landlords who are advertising their properties to rent and persuade them to rent to you for SA.
• The fact that the property will be kept in show home condition and that you will rent for long periods are just two great selling points.
• In the podcasts, Kevin shares several places to find those landlords online.
• Having a website is not essential, but it helps a lot.
• SpareRoom is not the right place to list your serviced accommodation for let.
• For SA you will need insurance, in the podcast, Kevin explains what type you need for each of the SA business models.
• For a Limited SA company, you will need public liability insurance and potentially professional indemnity insurance.
• List your business on Google My Business and take direct bookings.

BEST MOMENTS

‘Sell the benefits of serviced accommodation to them(landlords) for them to rent you their properties to use as serviced accommodation.’

‘For SA, if there is a mortgage on the property, then they do need to have the owner's permission. ‘

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/

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