Mentoring Call – Getting Started with SA and Overcoming Common Hurdles

Episode 59 of the The Serviced Accommodation Property Podcast podcast, hosted by Kevin Poneskis, titled "Mentoring Call – Getting Started with SA and Overcoming Common Hurdles" was published on December 28, 2020 and runs 34 minutes.

December 28, 2020 ·34m · 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 speaks to Alison and Craig who are just getting started in the property industry and are scaling their individual businesses. This is part of his free mentoring call series, during which newbies share their progress and pose questions, which Kevin answers. This episode covers choosing the right area to run a serviced accommodation business in, how to find landlords who will rent to you. As well as, how to work out if a property will be profitable. What questions to ask landlords to make sure that the property that they have can be used for serviced accommodation. KEY TAKEAWAYS Track down landlords who are advertising their properties to rent and persuade them to rent to you for SA. The fact that the property will be kept in show home condition and that you will rent for long periods are just two great selling points. In the podcasts, Kevin shares several places to find those landlords online. Having a website is not essential, but it helps a lot. SpareRoom is not the right place to list your serviced accommodation for let. For SA you will need insurance, in the podcast, Kevin explains what type you need for each of the SA business models. For a Limited SA company, you will need public liability insurance and potentially professional indemnity insurance. List your business on Google My Business and take direct bookings. BEST MOMENTS ‘Sell the benefits of serviced accommodation to them(landlords) for them to rent you their properties to use as serviced accommodation.’ ‘For SA, if there is a mortgage on the property, then they do need to have the owner's permission. ‘ 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/ [email protected]