What You Can Suggest to a Landlord When Doing Rent to SA or Management

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.     This episode Kevin answers some of the most in demand questions that he’s being asked at the moment. This includes details on VAT, tax and what you can suggest to your landlord to keep them happy with what you’re doing.     KEY TAKEAWAYS  When a landlord is getting a fixed rent but the property is being used for serviced accommodation, they can avoid section 24.  You’re probably safer off not mentioning to the landlord that they can avoid section 24 by doing rent to SA.  Serviced accommodation management is where the operator charges a percentage to the owner.  Promise the landlord to keep the property in show home condition, no voids or bad tenants.  You need to be wary of what the VAT complications could be if you’re looking to do rent to SA. You could agree to do a certain amount of revenue so that you don’t go over the VAT threshold.   You should speak to an accountant to give you proper advice.    BEST MOMENTS  ‘There are many different names for rent to SA’  ‘Wait for case law’  ‘Be mindful of your own turnover’     VALUABLE RESOURCES  The Serviced Accommodation Property Podcast  https://propertysoldier.co.uk/  Simple Crowdfunding website     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]