EXPOSED: Serviced Accommodation The Untold Truth

Рет қаралды 7,633

Күн бұрын

Is a Serviced Accommodation business like rent to rent really pay you more money than a traditional long term rental buy to let property when all is said and done? The truth from my own experience.
🏘️ Property Accelerator Waitlist 🏘️
Learn how to build a profitable property investment portfolio from scratch! Build a passive income, that has the potential to replace your earned salary, starting with £40,000.
👉 bit.ly/pawaitlist
✨JOIN this channel to get access to perks and become a MEMBER✨
👉 / @stephenduncombetv
🔔 Subscribe:
👉 bit.ly/stephenyoutubesub
📱 Add me on Instagram
/ stephen_duncombe
📱 Add me on TikTok
/ stephenduncombe
🚀 Property Data - How To Source Property Deals faster.
👉 propertydata.co.uk/a/stephend
❤️‍🔥 FREE Shares up to £100 Trading212
Create a Trading 212 Invest account and use promo code: 11PWCVs3ON
👉 www.trading212.com/invite/11PWCVs3ON
🌐 Website
👉 www.stephen-duncombe.com/
🔥 Get Your Deal Analysed for FREE 🔥
👉 www.stephen-duncombe.com/deal
00:00 The Simple Maths
01:18 What is Serviced Accommodation
02:04 The Regulations
05:03 The Money You Can Make
08:56 Occupancy Rate Impact
12:05 Why These Expenses
17:21 Rent To Rent Model
#servicedaccommodation #airbnbinvesting #shorttermlets

Пікірлер: 39

@victoredwards3959 Жыл бұрын

Fantastic video, a lot of people are running to do this short term accommodation stuff , you have just explained the reality of short let , so true , I have six properties, and i am doing 3 on services accommodation and 3 on yearly rental. But I am now making plans to convert them all to yearly rentals. Apart of the void periods and not so fantastic returns. The government is planning a massive change and more regulations for short term rental, that will make them completely unviable.

@StephenDuncombetv Жыл бұрын

Thanks. It comes down to the aggravation level.

@plutinicus Жыл бұрын

Thank you for sharing your experiences and such fantastic insights, Stephen. You’re a breath of fresh air.

@soundslight7754 7 ай бұрын

Very helpful and eye opening. Thanks for sharing

@anillchandi Жыл бұрын

Brilliant video, detailed quality as usual. Thanks Stephen 🙌🏽

@StephenDuncombetv Жыл бұрын

Glad you enjoyed it 👍

@ExoticDoll 8 ай бұрын

Gr8 vid well done. Are there any specialist home insurers for short-term lets? Would this be a standard or business insurer plz?

@aahhman107 5 ай бұрын

Amazing!I learned a lot.

@gurprasadsingh4792 7 ай бұрын

Fantastic video You are a honest Person Seriously Others Just want to Sale a book or a Course on this Strategy

@Rosydesilva32 8 ай бұрын

Thank you very much for this information.

@StephenDuncombetv 7 ай бұрын

You are very welcome 😀

@123prestolee Жыл бұрын

Quality video. I’ve been doing this in a small way in Devon for several years -only works in season, so we’ve ended up accommodating referrals from the council. This is extremely lucrative, but brings a whole host of problems.

@StephenDuncombetv Жыл бұрын

Thanks for the kind words. At least you’ve found a way to make it work, albeit with some agro. But who said you can make money without problems. 😀

@steeleydan 5 ай бұрын

@123prestolee can we chat about what you said? I take it, it's supported accommodation/housing?

@505mart Жыл бұрын

Great video, think there may a little bit of static on the audio in parts though, just as a heads up 😊

@StephenDuncombetv Жыл бұрын

Yeah the audio was actually pretty dodgy I tried to clean it up as best I could. I had the charger in on the camera I think which caused the issue. I won’t make that mistake again!!

@mramcmahonmaths 8 ай бұрын

Sound quality is a bit scratchy … but informative

@bigbawsdogg Жыл бұрын

This is true. The ratio of nightly rate to pp is key. Plus direct bookinsg so your margin is not lost. Major benefit is capital allowances

@jasonlynch9407 11 ай бұрын

May I ask which company you used to claim the capital allowances?

@coolmonkey619 5 ай бұрын

What's capital allowance

@Lyrics927 Жыл бұрын

Thanks Stephen, my impression was that cleaning fees are passed to the tenant when booking via airbnb?

@StephenDuncombetv Жыл бұрын

Yes you are right. It could even be an income if you did the cleaning yourself.

@Wonderful_World007 2 ай бұрын

thanks

@StephenDuncombetv 2 ай бұрын

You're welcome!

@tomatobrush3283 Ай бұрын

Wow interesting to hear all the detailed costs like that and also that guests expect a 24 hour on call service. I wouldn't do that, just have an email address and that is all. Is that possible do you think?

@StephenDuncombetv Ай бұрын

Everything’s possible but you’ll get 1 star review if people have an issue and you cannot sort it quickly. 5 stars if you’re on your game.

@Ludvio Жыл бұрын

Can you help me understand? Where is the electricity and water cost?

@StephenDuncombetv Жыл бұрын

Utilities

@connorbrxy6556 11 ай бұрын

Do you have to pay income tax if you do it through a limited company, or do you just pay corporate tax?

@StephenDuncombetv 11 ай бұрын

Best talk to your accountant for financial advice. But I can tell you what I do and that is I pay corporation tax on company profits and I also pay income tax on my self assessment tax return.

@jasperatighe5967 4 ай бұрын

You forgot to add write-offs on tax

@Noor-kp1yb 2 ай бұрын

Stephen do you still run SA now in 2024 ?

@user-gg1nf2vq1r 4 ай бұрын

1k profit per year? How do people manage to make money with SA then?

@abdullahk8691 9 ай бұрын

That's less than btl

@lanagavin2309 4 ай бұрын

This isn't true, you must be able to make more than £900 a year per property, or it wouldn't be so popular.

@Delightfullala 8 ай бұрын

Where are you based

@Noor-kp1yb 3 ай бұрын

Is this still true in 2024

@StephenDuncombetv 2 ай бұрын

Do you think the expenses go down over time or up? Likewise the rent will go up over time. But essentially this is my experience, everyone sees things differently and what seems less attractive to some, is fine for others. Try it and see for yourself unless you feel there is a better way to make more money in a quicker time with less risk and less aggravation.

@jasperatighe5967 4 ай бұрын

The costs you stipulated are so high.