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

Today´s guest Shimon Rudich is a prolific property investor who has used all of the different strategies and taught over 13,000 people to do the same. He also runs MS Law, a firm Kevin has personally used, for many years.

For this episode, Shimon focuses on creative financing strategies. In particular, the different ways you can use lease options, title-splitting and commercial to residential deals. Importantly, Shimon also explains how to avoid the most common issues with these more creative property investment strategies.

KEY TAKEAWAYS
Using lease options avoids the need for a deposit, or a mortgage and avoids all kinds of legal fees.
Lease options enable you to make money from a property as if it were already yours.
Use short lease options to make money faster.
Exercise your right to buy as soon as you can. 
Don´t forget to exercise your right to buy on time. Surprisingly, a lot of people do forget to do so.
Be realistic and fully understand what happens if the vendor or tenant breaks the contract.
You must keep in touch with the vendor throughout the lease period. Shimon explains why not doing so can cost you a lot of money.
Look for large properties with a staircase in the middle to convert into flats and use title-splitting.
Title-splitting can be used for commercial conversions, which are still incredibly profitable. Especially when combined with SA.
Win wins clinch deals fast.
Always use proper joint venture agreements drawn up by a contract solicitor.

BEST MOMENTS

‘I have a vested interest that you are successful – I make money only if you are successful.’

‘The best way to get people (the vendor) to stay in touch is to incentivise them.’

‘If you are not closing deals every single month you are not doing something right.’

‘You can still make money from commercial conventions, even if you don't have any money. ’

GUEST RESOURCES

https://ms-law.co.uk/

Shimon@ms-law.co.uk

https://www.facebook.com/shimon.rudich/

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

Today´s guest Shimon Rudich is a prolific property investor who has used all of the different strategies and taught over 13,000 people to do the same. He also runs MS Law, a firm Kevin has personally used, for many years.
For this episode, Shimon focuses on creative financing strategies. In particular, the different ways you can use lease options, title-splitting and commercial to residential deals. Importantly, Shimon also explains how to avoid the most common issues with these more creative property investment strategies.
KEY TAKEAWAYS
<ul>
<li aria-level="1">Using lease options avoids the need for a deposit, or a mortgage and avoids all kinds of legal fees.</li>
<li aria-level="1">Lease options enable you to make money from a property as if it were already yours.</li>
<li aria-level="1">Use short lease options to make money faster.</li>
<li aria-level="1">Exercise your right to buy as soon as you can. </li>
<li aria-level="1">Don´t forget to exercise your right to buy on time. Surprisingly, a lot of people do forget to do so.</li>
<li aria-level="1">Be realistic and fully understand what happens if the vendor or tenant breaks the contract.</li>
<li aria-level="1">You must keep in touch with the vendor throughout the lease period. Shimon explains why not doing so can cost you a lot of money.</li>
<li aria-level="1">Look for large properties with a staircase in the middle to convert into flats and use title-splitting.</li>
<li aria-level="1">Title-splitting can be used for commercial conversions, which are still incredibly profitable. Especially when combined with SA.</li>
<li aria-level="1">Win wins clinch deals fast.</li>
<li aria-level="1">Always use proper joint venture agreements drawn up by a contract solicitor.</li>
</ul>
BEST MOMENTS
‘I have a vested interest that you are successful – I make money only if you are successful.’
‘The best way to get people (the vendor) to stay in touch is to incentivise them.’
‘If you are not closing deals every single month you are not doing something right.’
‘You can still make money from commercial conventions, even if you don't have any money. ’
GUEST RESOURCES
<a href="https://ms-law.co.uk/">https://ms-law.co.uk/</a>
<a href="mailto:Shimon@ms-law.co.uk">Shimon@ms-law.co.uk</a>
<a href="https://www.facebook.com/shimon.rudich/">https://www.facebook.com/shimon.rudich/</a>
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>
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

Interview with Shimon Rudich – Prolific Property Investor and Owner of MS Law

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

Mentoring call with Steve – Starting Your SA Journey

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