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In this podcast, Kevin talks to Scotty Hodson founder of Free-Range Stays and The Property Farmer. They discuss how he used the rent-to-SA model to get started with property investment. Today, he and his wife focus on the executive, white-collar market – he explains why that is and how he has set things up.

Scotty also talks about how he has managed to persuade an 18 bed HMO landlord let him use it as an SA. He shares the win-win capital allowances related approach that enabled him to create this lucrative opportunity. An approach that can easily be replicated by you. Scotty also talks about using eco modular buildings to quickly expand his portfolio. As well as ways to put more heads on beds and earn more from each guest.

KEY TAKEAWAYS

• It is easy to fall into the trap of working long hours to earn good money while ending up with no quality of life.
• Property investment is a great way to break out of that negative lifestyle pattern.
• It is a business model that can be made to work even in relatively rural settings.
• Executives attending courses or conferences will stay in small towns provided their commute is easy and fast enough.
• Setting the right price point enables you to appeal to the blue-collar market too.
• Understanding and making capital allowances work for your property business opens up huge opportunities.
• There are a lot of landlords out there that do not know how to, or want to, run an SA which gives you the chance to do it for them and earn.
• Marketing to people pre-stay, during their stay and after stay enables you to maximise how much you earn from each customer.
• It is possible to legally use your SA properties for short term let deals too.
• Property investing is hard work, but it is the best hard work you can do, it pays very well.

BEST MOMENTS

‘You cannot rely on the normal rat race, but you can create recurring income from property.’

‘Enhanced capital allowances basically allow you to claim a big percentage of what you're spending. ‘

‘With this, all you need to do is to commit to turning up and this business will work.’

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

CONTACT METHODS FOR GUEST

FreeRangeStays website

MilliesOrganics website for guest gifts and another potential income stream

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