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

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
<ul>
<li>Don´t discount the cheaper areas of town. Provided people can safely park their car outside it is worth checking out.</li>
<li>The right owning entity is important. Kevin explains the pros and cons of each option in the podcast.</li>
<li>Don´t follow the herd.</li>
<li>Understand what your customer wants, so you do not inadvertently dismiss good opportunities.</li>
<li>Create win-wins for investors. Kevin explains how in the podcast.</li>
<li>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.</li>
</ul>
 
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
<a href="http://bit.ly/sastrategy">Discover How to Profit from the Airbnb and Bookings.com Boom</a>
<a href="https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2">The Serviced Accommodation Property Podcast</a>
<a href="https://propertysoldier.co.uk/">https://propertysoldier.co.uk/</a>
<a href="https://www.amazon.co.uk/dp/B07C7M8SX9/ref=dp-kindle-redirect?_encoding=UTF8&amp;btkr=1">Rich Dad, Poor Dad by Robert T Kiyosaki</a>
<a href="https://www.amazon.co.uk/Serviced-Accommodation-Success-Progressive-Investment/dp/1909846635/ref=sr_1_1?dchild=1&amp;keywords=Serviced+Accommodation+Success+by+Kevin+Poneskis&amp;qid=1600702534&amp;sr=8-1">Serviced Accommodation Success by Kevin Poneskis</a>
<a href="https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676" data-stringify-link="https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676" data-sk="tooltip_parent">https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676</a>
 
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

In The Serviced Accommodation Property Podcast you will learn how to Start, Systemise and scale a profitable Serviced Accommodation Business. Kevin served 24 years in the British Army, serving mostly in a Commando unit and retired at the rank of Regimental Sergeant Major, he left the Army in 2011 to became a full-time property investor. For most of his Army career, Kevin was investing in property and has been a successful property investor now for over 27 years which is why he is known as the Property Soldier. Serviced Accommodation is now Kevin’s preferred income generating strategy so Let Serviced Accommodation help you like it's helped Kevin by joining us on this podcast.

The Serviced Accommodation Property Podcast

Mentoring call with Steve – Starting Your SA Journey

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

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
<ul>
<li aria-level="1">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.</li>
<li aria-level="1">Lots of people are put off by change, so will leave the sector, which creates more opportunities for those who persevere.</li>
<li aria-level="1">Often, seemingly negative changes actually generate more opportunities e.g. SA went nuts during CoVid.</li>
<li aria-level="1">There are always ways around things. New ways to do business.</li>
<li aria-level="1">Most of the SA-related changes do not affect hotels or B&amp;Bs.</li>
<li aria-level="1">The rent to SA playing field just got better.</li>
<li aria-level="1">More Buy to Let landlords are going to say yes to rent to SA.</li>
<li aria-level="1">The VAT changes creates more opportunities.</li>
<li aria-level="1">Commercial conversion to SA is not affected by the new legislation.</li>
</ul>
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 - 
<a href="https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676">https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676</a>
The Serviced Accommodation Property Podcast- <a href="https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2">https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2</a>
<a href="https://propertysoldier.co.uk/">https://propertysoldier.co.uk/</a>
<a href="https://www.amazon.co.uk/Serviced-Accommodation-Success-Progressive-Investment/dp/1909846635/ref=sr_1_1?dchild=1&amp;keywords=Serviced+Accommodation+Success+by+Kevin+Poneskis&amp;qid=1600702534&amp;sr=8-1">Serviced Accommodation Success by Kevin Poneskis</a>
<a href="https://www.amazon.co.uk/dp/B07C7M8SX9/ref=dp-kindle-redirect?_encoding=UTF8&amp;btkr=1">Rich Dad, Poor Dad by Robert T Kiyosaki</a>
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/<a href="https://en-gb.facebook.com/propertysoldier">propertysoldier</a>
<a href="mailto:kevin@propertysoldier.co.uk">kevin@propertysoldier.co.uk</a>

Keep Calm and Carry On - Where There is Adversity There is Opportunity

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

Today’s episode of the Serviced Accommodation Podcast is all about turning guesthouses, B&amp;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
<ul>
<li>Turning hotels and B&amp;Bs into serviced accommodation (SA), should not be the first SA deal you do.</li>
<li>B&amp;Bs are typically found in central locations, undervalued and there are not many buyers.</li>
<li>Adding rooms and improving the quality of the rooms can easily double profitability.</li>
<li>Locals typically view this type of development favourably.</li>
<li>Apart hotels are not 100% hands-off, but they are easier to run than you think.</li>
<li>Adding kitchenettes makes them more attractive.</li>
<li>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. </li>
</ul>
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 -
<a href="https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676">https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676</a>
The Serviced Accommodation Property Podcast- https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2
<a href="https://propertysoldier.co.uk/">https://propertysoldier.co.uk/</a>
<a href="https://www.amazon.co.uk/Serviced-Accommodation-Success-Progressive-Investment/dp/1909846635/ref=sr_1_1?dchild=1&amp;keywords=Serviced+Accommodation+Success+by+Kevin+Poneskis&amp;qid=1600702534&amp;sr=8-1">Serviced Accommodation Success by Kevin Poneskis</a>
<a href="https://www.amazon.co.uk/dp/B07C7M8SX9/ref=dp-kindle-redirect?_encoding=UTF8&amp;btkr=1">Rich Dad, Poor Dad by Robert T Kiyosaki</a>
EPISODE RESOURCES
<a href="mailto:info@inhotproperty.co.uk">info@inhotproperty.co.uk</a>
https://www.facebook.com/InHotProperty/
Property Log Chrome Extension - <a href="https://chromewebstore.google.com/detail/property-log/jccihedpilhidcbkconacnalppdeecno?hl=en-GB">https://chromewebstore.google.com/detail/property-log/jccihedpilhidcbkconacnalppdeecno?hl=en-GB</a>
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/<a href="https://en-gb.facebook.com/propertysoldier">propertysoldier</a>
kevin@propertysoldier.co.uk

Apart Hotels with Mark Hodgkiss

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

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
<ul>
<li aria-level="1">Don’t skip any of the checks Shimon Rudich shares when setting up a joint venture deal. Due diligence is essential.</li>
<li aria-level="1">Only use the joint venture approach when you can achieve more than you would if you went it alone. </li>
<li aria-level="1">Some people are not cut out for the joint venture approach.</li>
<li aria-level="1">There are many different types of joint venture. It could be exchanging labour, money, expertise or something else for a cut of the profits.</li>
<li aria-level="1">Understand which of the money making skills and assets you are lacking in, and then find partners to fill those gaps.</li>
<li aria-level="1">You have to get on well with your joint venture partner.</li>
<li aria-level="1">Never joint venture with someone who is not honest.</li>
</ul>
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 - <a href="https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676" data-stringify-link="https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676" data-sk="tooltip_parent">https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676</a>
The Serviced Accommodation Property Podcast- https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2
<a href="https://propertysoldier.co.uk/">https://propertysoldier.co.uk/</a>
<a href="https://www.amazon.co.uk/Serviced-Accommodation-Success-Progressive-Investment/dp/1909846635/ref=sr_1_1?dchild=1&amp;keywords=Serviced+Accommodation+Success+by+Kevin+Poneskis&amp;qid=1600702534&amp;sr=8-1">Serviced Accommodation Success by Kevin Poneskis</a>
<a href="https://www.amazon.co.uk/dp/B07C7M8SX9/ref=dp-kindle-redirect?_encoding=UTF8&amp;btkr=1">Rich Dad, Poor Dad by Robert T Kiyosaki</a>
GUEST RESOURCES <a href="https://www.facebook.com/shimon.rudich/">https://www.facebook.com/shimon.rudich/</a> <a href="mailto:shimon@ms-law.co.uk">shimon@ms-law.co.uk</a> 
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 <a href="about:blank">https://en-gb.facebook.com/propertysoldier/</a> <a href="mailto:kevin@propertysoldier.co.uk">kevin@propertysoldier.co.uk</a>

Mentoring call with Steve – Starting Your SA Journey

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