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The Pros & Cons Of Serviced Accommodation
Manage episode 443311387 series 2882375
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Ever wondered if you can truly make a profit from serviced accommodation and holiday lets, even with the challenges of seasonal demand and higher management needs?
Join me, as we reveal the secrets to navigating the pros and cons of this popular short-term rental strategy.
We'll tackle significant hurdles like fluctuating revenue and the demanding upkeep required to keep properties guest-ready. Discover how to weather slower months with strategic planning and a solid cash buffer, while also preparing for potential new regulations that could impact your business.
Find out how to maximise returns with serviced accommodation by mitigating risks such as property damage and frequent guest turnover. With smart strategies like due diligence, deposits, and noise level monitors, you'll learn to protect your investment while reaping the benefits of higher rental income and flexible occupancy. We’ll also discuss optimizing revenue through dynamic pricing during high-demand events, and the tax advantages that come with treating each property as its own business. For those eager to turn this knowledge into action, head over to propertyunleashed.com for resources and training programs to help build your successful serviced accommodation business.
VALUABLE RESOURCES:
- Visit www.thepropertyunleashed.com to explore are free Property Ebooks and guides in Rent-to-Rent, Serviced Accommodation, Deal Sourcing and and also our FREE training masterclasses to help you generating a sustainable income through property.
- https://www.facebook.com/groups/816926952556608 to meet like-minded property investors and be a part of the community.
- Attend your first property investors network (pin) Meeting for free by using the voucher code “Mark31”
CONNECT WITH ME:
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Threads: https://www.threads.net/@markfitzgeraldentrepreneur
Chapters
1. Exploring Serviced Accommodation Pros and Cons (00:00:00)
2. Maximizing Returns With Serviced Accommodation (00:05:28)
3. Tax Benefits of Serviced Accommodation (00:12:34)
290 episodes
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