Live SA Mentoring Call with Stephen – Common SA Problems Solved

Episode 52 of the The Serviced Accommodation Property Podcast podcast, hosted by Kevin Poneskis, titled "Live SA Mentoring Call with Stephen – Common SA Problems Solved" was published on October 28, 2020 and runs 56 minutes.

October 28, 2020 ·56m · The Serviced Accommodation Property Podcast

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Summary

Register your interest in Serviced Accommodation Discovery Day here, and a member of our team will get back to you to confirm your place at your preferred date. In this podcast, Kevin has recorded a mentoring call with Stephen Warwick. Stephen works out of the West Coast of Scotland and is currently incorporating SAP properties into his portfolio of rental properties. They talk about several of the roadblocks he is facing and discuss effective ways to overcome them. Including, persuading letting agents to rent out properties to you as an SAP landlord. They discuss how to get around the situation when it appears that the agent is not telling the owner that you are interested in renting the property. As well as how to prove you are not going to be using the property as an HMO. Along with how to keep more of your profits. KEY TAKEAWAYS Ideally, your SA property will also work for other rental formats. If there are chain hotels in the area that is an indicator that there is a strong demand for short-term rentals. New build developments are a particularly good source of SA clients. Don´t dismiss the idea of using physical marketing materials to reach out to potential clients. It is better to approach an agent and ask to lease a property for a commercial client. If you suspect that the agent is blocking by not passing your offer to rent onto owners, use Kevin´s technique to get around this issue. Tap into your own contacts from your day job to find clients. A lot of agents confuse serviced accommodation with HMO when renting to tradespeople. Kevin explains how to handle this situation effectively. Assuming responsibility for paying the rent and making it clear that they can run a credit check on your company reassures agents. Sharing your client name with a letting agent is highly unlikely to lead to agents leasing properties to them behind your back. Tap into free ways to get your serviced accommodation to appear in the search results. A way to buy SA property and still be able to offset the interest still exists. A capital surveyor will help you to earn tax-free income using the SA model. You can approach owners directly and incentivise them to rent to you privately, especially using tools like fluctuating income. When approaching a leasing agent, you need to have already set up your company and have a website. BEST MOMENTS ‘If you haven´t had the training to know whether SA is likely to work or not, then I always suggest that you make sure it works as a buy to let as a fallback.’ ‘Tell agents - the liability for the rent sits with my company, you can credit reference my company.’ ‘There's an awful lot of things that you won't know yet, therefore, you don't know how you could be making a lot more money out of SA.’ VALUABLE RESOURCES The Serviced Accommodation Property Podcast https://propertysoldier.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/ [email protected]