EXPOSED: Serviced Accommodation The Untold Truth

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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.
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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

Опубликовано:

29 июн 2024

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Комментарии : 39

@victoredwards3959 Год назад

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 Год назад

Thanks. It comes down to the aggravation level.

@plutinicus 11 месяцев назад

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

@soundslight7754 6 месяцев назад

Very helpful and eye opening. Thanks for sharing

@aahhman107 4 месяца назад

Amazing!I learned a lot.

@anillchandi Год назад

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

@StephenDuncombetv Год назад

Glad you enjoyed it 👍

@ExoticDoll 7 месяцев назад

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

@gurprasadsingh4792 7 месяцев назад

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

@Rosydesilva32 7 месяцев назад

Thank you very much for this information.

@StephenDuncombetv 7 месяцев назад

You are very welcome 😀

@123prestolee Год назад

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 Год назад

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 4 месяца назад

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

@505mart Год назад

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

@StephenDuncombetv Год назад

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!!

@bigbawsdogg Год назад

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 10 месяцев назад

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

@coolmonkey619 4 месяца назад

What's capital allowance

@tomatobrush3283 Месяц назад

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 Месяц назад

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.

@mramcmahonmaths 8 месяцев назад

Sound quality is a bit scratchy … but informative

@Lyrics927 Год назад

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

@StephenDuncombetv Год назад

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

@user-gg1nf2vq1r 3 месяца назад

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

@Ludvio 11 месяцев назад

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

@StephenDuncombetv 11 месяцев назад

Utilities

@jasperatighe5967 3 месяца назад

You forgot to add write-offs on tax

@connorbrxy6556 10 месяцев назад

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

@StephenDuncombetv 10 месяцев назад

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.

@Wonderful_World007 Месяц назад

thanks

@StephenDuncombetv Месяц назад

You're welcome!

@lanagavin2309 3 месяца назад

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

@Noor-kp1yb Месяц назад

Stephen do you still run SA now in 2024 ?

@abdullahk8691 8 месяцев назад

That's less than btl

@Delightfullala 7 месяцев назад

Where are you based

@Noor-kp1yb 2 месяца назад

Is this still true in 2024

@StephenDuncombetv Месяц назад

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 3 месяца назад

The costs you stipulated are so high.