Is Serviced Accommodation viable in 2023? | Serviced Accommodation Business | Saj Hussain
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- čas přidán 2. 08. 2024
- Serviced Accommodation can be a fantastic property strategy to build cash flow really quickly in order to achieve financial freedom. However, with everything that is going on is it even a viable strategy and is it even possible to achieve in 2023?
#servicedaccommodation #serviceaccommodation #airbnb
0:00 - Is Serviced Accommodation dead in 2023
0:28 - What is Serviced Accommodation exactly
1:14 - Example of costings and rent roll
3:00 - Challenges by SA Landlords and evolving legislation
3:34 - Is now the right time to start your own SA Short Let business
4:10 - The only certainty is constant change as a property entrepreneur
4:46 - How to get started in running a Service Accommodation Business
6:18 - Look for properties that are already on the market from Estate and Letting Agents
7:31 - What kind of research and due diligence you should be doing
8:32 - Tools you can use to aid in your research and collect data
9:26 - How much will it cost to get started
12:16 - Partnering with someone similar to a Joint Venture
13:38 - More on how you can learn advanced techniques on SA Property Strategy
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I’m Saj Hussain, your expert guide through the world of UK property development and investment, and I want to give you the easy-to-understand of property advice that turns bricks and mortar into assets and cashflow. In my free property training videos I’ll show you the property strategies I use so you can generate wealth through the UK property market.
Would you consider operating Serviced Accommodation in 2023?
I am interested in this
There's no doubt, it's not as 'easy' as it was, but still very much a viable strategy to make good cashflow if you know what your doing. The market is still young in the UK so has a lot of growth potential.
Absolutely 👌🏼
I am interested in this business focusing as a long term business quitting my industrial equipment export business. Equipment business has become a lot competitive.
Definitely not game over for well run and managed SA. Like any business it needs a lot of work behind the scenes, so need to be able to adapt in a constantly changing market.
Aslamualikum I would be interested to know more about the training you spoke about in the video?
More info please saj
I am Saj. Please advise on the training dates and fees
If you’re buying to serviced accomodation what type of mortgage do you get? And actually is it better to buy to serviced accom or rent to sa?
As a landlord, can you use an agent to run your SA in a similar way to a standard BTL? In that they take a percentage
Yes, there are some operators that will do this for you. We only do this for landlords with a small block or floor of apartments (up to 20 units).
Can you talk about tax especially S24
If doing r2r for sa would you say it’s better to get a house, apartment or studio?
Have a look at our recent SA videos to get some inspiration from what we currently have
I can't get nothing is crazy
Lost me at " you're renting a 3 bedroom house for 700 pounds per month" 😂
700 a month for a 3 bed? What year is that in? 😂
@thesajhussain please share the details of a recommended furniture financing company that will be willing to work with Offshore/Non-UK based investors looking to set up R2RSA through a UK Limited Company
@Thesajhussain . How to contact you personally? Thanks
sajhussain.com/contact/
Or Facebook, LinkedIn, Instagram
Great clip … my favourite part “the only certainty in property is the uncertainty” 😂… great info thanks 🙏 👍