Not so long ago, Kevin posed an interesting question on Facebook. He asked landlords to tell him what their reaction would be if a potential renter told them that they wanted to use their property for serviced accommodation.
Today, he shares the answers he got and how he would counter the objections the landlords shared with him. How he would allay their fears so that they would still rent to him as a serviced accommodation provider.
Kevin also explains why the SA model works so well. In particular, why it is so good for cashflow and how it gets over the section 24 issue and enables you to take advantage of capital allowances.
KEY TAKEAWAYS
BEST MOMENTS
‘The SA takes the property from the landlord or the owner, using a company letter agreement.’
‘It was suggested that there would be no insurance in place, actually there is. ‘
‘You need to be speaking to landlords and overcoming their objections.’
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/
kevin@propertysoldier.co.uk