Is Serviced Accommodation worth the hassle? | Property

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Is serviced accommodation worth the hassle? I've been in property investing for over 10 years and I've tried a lot of tactics with property investment and Serviced Accommodation is one of them. It is becoming more and more common people getting into serviced accommodation. If you're thinking about getting into property investment and more importantly interested in getting a Serviced Accommodation then you NEED to watch this video. I'm going to help you work out if Serviced Accommodation is worth the hassle or not!
If you want me to answer any questions regarding to property investing or business or anything then please let me know in the comments below.
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Опубликовано:

4 июл 2024

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Комментарии : 107

@SealHero Год назад

"This is a sad house." *Draws a smile on the house.* I love this guy. Lol

@JamieYork Год назад

😂💪

@lakdahulara Год назад

Awesome content! Love your wicked sense of humour and straight, No BS talk. Very helpful! 👍👍👍👍👍👍👍

@JamieYork Год назад

🤫

@RAZETA07 Год назад

How about, gas electric, water, council tax, internet, cable TV and refreshments on service accommodation.

@empressnannah3830 Год назад

Jamie please do not ever change. Stay honest and straightforward as you are. Too many scammers in this business. They are for the most part crooks. Jamie please keep 🙏up the good honest work it will repay you in the long run. Bless

@JamieYork Год назад

Thankyou for the kind words! I'll always be straight to the point! Nothing to worry about there!!

@mahidhussain1631 Год назад

@@JamieYork can you make an updated version of SA pls?

@karimbelhadj3871 3 года назад

Great to see someone warning Léopold about leaseholds & mortgages challenges . So many so called educators bullshit their way around these topics just to sell you their overpriced SA courses 😂

@JamieYork 3 года назад

Haha, I like to do my best!

@alliciastephens5437 2 года назад

This is such an informative video. You are gem within the property community. Thank you!

@JamieYork 2 года назад

Aw thanks :)

@charlene_mckay 4 месяца назад

Thank you for all the honest accurate info Jamie. Great channel, been watching you for a while. Loving the content and the humour. :)

@wimpsta982 3 года назад

Thanks for taking the time to explain and uploading Jamie, you have been great help ⭐️✨

@JamieYork 3 года назад

You are so welcome!

@hugowells656 3 года назад

@@JamieYork Hi Jamie, I think the reason it's attractive to newbies like myself is it makes doing BTL more cost efficient if you live in an expensive part of the country like me in the south east. Yes you can buy houses way up north for nothing in comparison, but being a newbie I would like to be able to get to the house easily if i needed to or do work on it easily during voids. Do you think serviced accommodation is the best way to go if you want to keep your BTL nearby-ish in an expensive area and stay cost efficient?

@geoffreywhittaker4108 2 года назад

Excellent and informative presentation Jamie. Keep on making videos.

@Tom58498 Год назад

Super informative - and nice to have some UK specific content - keep it up please! 🤝

@dominicormonroyd8973 2 года назад

Great presentation Jamie, certainly confirmed my concerns re P&L and grief! 👍

@JamieYork 2 года назад

Thanks :)

@amirgholizadeh6644 3 года назад

Thanks for the advice, Jamie. Keep up the good work.

@JamieYork 3 года назад

Thanks mate. Really hope it helps!

@mandreeaarotaritei1317 2 года назад

Thank you. Great info!

@jonnytidd9747 2 года назад

great video i have been looking at buying a few serviced accommodation places or starting to do one with rent to rent but a lot of landlords want you to sign up to a 3 year deal i may just buy one of my own and see how i get on if it don't work i will just let it out long term

@Shodan_AI 2 года назад

extremely thorough. brill. hopefully chat tomorrow on our first webinar! cheers

@JamieYork 2 года назад

Fantastic!

@charukawijesinghe176 Год назад

Forgot to factor in council tax and gas/elec and Wifi bills 😅

@JamieYork Год назад

Bills bills bills!

@joebacchetti5890 Год назад

Thanks Jamie, really appreciate this. I will still learn more about SA but for now I'm on the right path with BTL's. 😋

@JamieYork Год назад

Great to hear! Do whatever works best for you!

@tonypeirson6282 2 года назад

The one thing not mentioned is the utility bills. With a normal single let the tenant pays them. With S/A the landlord pays them.... and also the council tax. This is more of an issue now as gas and electricity prices are rocketing. Thoughts ???

@jessicaalejandria485 2 года назад

Hi Jamie, love your channel! Could you make a video on R2R properties?

@timmorse931 Год назад

Great video I’ve started deal packaging but I live south London /Kent and the prices are very high so struggling to find deals to add value and serviced acc seems like you say alit off risk

@KingKong-rb6xj 3 года назад

Another great video Jamie, bit disappointed you didn’t draw a picture of the van! Question please, can you do BTL’s and SA’s from the same ltd company? (Obviously with the correct contracts/mortgage for each property). Thanks. I have also just subscribed!

@JamieYork 3 года назад

Haha, next time! You can indeed, just make sure you've got a great management agent in place!

@bensmith5791 3 года назад

Good video bro. Any guy who actually explains almost everything. Much better than Samuel Leeds who people believe but tells them the most vague things. SA also costs you utilities bills and council tax. When that’s factored in its peanuts for the extra effort and risk. I’ve done and will never do again. Keep up the great work

@JamieYork 3 года назад

Ben, Thanks for your kind words. I always think it's better to know all the information before doing anything

@xoxo.SheDoesArt Год назад

Great Video, I Just want to clarify and apologies if I have missed it, you have not mentioned bills? I believe as an owner that comes to us and is a cost as well. your thoughts, please. Thansk

@tonykelly1679 Год назад

I got 10k taken off me from TS education…… For S.A models and more saying if I could not make my money back with in 6 months with what they give me it’s a full money back guarantee….. 🤔 Guess what you never see your money again…. You are left feeling it’s your fault as the modules they give you can be very over whelming…. Bit like Reading a book on how to build a house then told to build on yourself.📕🤔 All people learn in different ways and sometimes education is a two way thing instead of a sells pitch… Stay away from people who promises you the world but only really in it for them self. Great video Jamie like always. Education should be free I’ve learnt that the hard sorry to say.

@JamieYork Год назад

Hey Tony, it’s a mixed bag to be honest. I try to give as much away for free but also have programs that took me thousands of hours to put together so I too believe in investing with yourself. BUT, it should be mutually beneficial for the client of course 💪❤️ Glad you like the videos :)

@amokraneaittaleb5774 2 года назад

Brilliant mate

@JoeMarine 3 года назад

Fantastic video- I know an investor who has a number of SAs he has agreements with companies to provide accommodation for professionals for 3-6months etc. Similar to the contractor model but longer term. Great video again! Really interested in understanding more about your deal packaging operations. Happy to chat.

@JamieYork 3 года назад

Thanks Joseph. I'll add to do a video about my operations!

@JoeMarine 3 года назад

@@JamieYork - Thanks, Jamie.

@Delightfullala 7 месяцев назад

Hey what sort of professionals ? Just asking as I am starting my own SA journey and definitely need some tips and tricks as from research and this video it can be risky with the areas and finding customers, how did your friend go about finding his source

@ginageorgiou3793 Год назад

Thanks very helpful

@s14vko Год назад

I think this is worth doing if you have a big house in a good central area that cannot afford direct rent or hmo license. Room by room sa is probably worth doi g as it's similar to hmo.

@denizadagoren2419 2 года назад

Who would you recommend for a SA course based in UK?

@amandakeane8652 2 года назад

I know you have based this video on a 2 bed flat, but I have a 7 bedroom house and have considered letting out as an SA for multi-generational holiday let. Do the figures differ for larger properties?

@JamieYork 2 года назад

Yes they do! Usually less ROCE

@7jassal 3 года назад

ANOTHER GREAT INSIGHT ON SA. I HAVE WASTED YEAR AND HALF ON SA RESEARCH AND MAKING IT WORK AND ALSO AQUIRING WHICH IS NOT EASY AT ALL. CHANGED MY STRATEGY TO BRRR NOW AFTER THE PANDEMIC HIT. THANKS JAMIE.

@JamieYork 3 года назад

Thanks mate. Glad you got value!

@jimmygill1635 3 года назад

Brilliant video

@JamieYork 3 года назад

Thanks Jimmy! Glad you got some value!

@abrabosea3917 2 года назад

awesome vid

@roathripper 3 года назад

Thanks for the advice, SA one for the bargepole only methinks.

@JamieYork 3 года назад

Completely depends. Some people really manage to make it work for them. For me, I just like it as boring as possible

@bensmith5791 3 года назад

To add SA in a house or flat breaks planning permission law, building control fire laws, council tax laws, usually insurnace policy, usually mortgage policy, and tenancy / lease or freehold agreements. Too risky if there a fire , gas leak or theft etc. Nearly everyone I know ignores this. So 100% no money in it if it’s done properly.

@JamieYork 3 года назад

All these to consider as well! Thanks Ben

@LearnEarn247 3 года назад

dear jamie in £675 you have not deducted 15% air b n b cost. and council tax or business rates .?

@harrypalmer6228 3 года назад

Can SAs can be held by a SSAS and possibly claim Capital Allowances? Might make them more attractive if they can?

@JamieYork 3 года назад

Capital allowance claims - yes! Hmmmm, I THINK SSAS may be an option. Hotels definitely can do if you get the planning change I see no reason

@user-tu5xe7eh7q Год назад

Jamie, can you recommend the best SA courses in the UK, more so relevant to Scotland? Thanks

@JamieYork Год назад

They're all pretty good! It's finding the one that suits your learning style too!

@harshmehta7363 3 года назад

Thanks Jamie, one video that helped me cross this off my list

@JamieYork 3 года назад

No worries, Harsh! Glad you got some value :)

@harshmehta7363 3 года назад

I have signed up for EPTA starting 31st May so waiting for more knowledge before going for it fully

@oakplankmemes8176 3 года назад

Didn’t take long for all the scammers to take over your comments 😂 Might want to put a warning pinned in the comments so people don’t fall for them.

@JamieYork 3 года назад

Haha, I know right! I keep trying to just report the spam

@sprint420 2 года назад

Great video

@JamieYork 2 года назад

Thanks!

@VII_PILLARS_ENTERTAINMENT 2 года назад

You are good Jamie, thanks for all the education, can i leave APG here

@JamieYork 2 года назад

Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)

@timlawrence7117 2 года назад

What about those tenants that don't pay??

@garylane1362 Год назад

What about Gas electricity council tax water rates

@JamieYork Год назад

Depends on how you wish to pay/set it up

@Ericohanmu 2 года назад

when you buy a flat on BLT the lease knows you are renting the flat so I do not see vans issue here.I have a friend who is making £2k a month and rent out for 6 months. serviced accommodation is way better than monthly rent.I have seen landlord who's tenant trashed his house after their tenancy. It's on tv program so both SA and monthly rent got their pros and cons simple

@JamieYork 2 года назад

It would come under holiday let or short let’s which most lease packs prohibit unfortunately

@191246mann1 Год назад

what about council tax or small business tax ,,,if you rent you don't pay gas electric water or council tax

@Air51 11 месяцев назад

Flats in Scotland are freehold

@JamieYork 11 месяцев назад

Are you sure?!

@thethinkingman2005 2 года назад

Great video... Can you message me recommending managing companies. Thanks

@murtazakhan7331 Год назад

Hi Jamie, what is the best way to get a hold of you?

@JamieYork Год назад

Instagram @jamieyorkoffical

@mo9507 Год назад

@samuel Leeds can u make a video like this?

@JamieYork Год назад

No doubt he’ll have knowledge around this, or one of his team will 😊

@xman750dotcodotuk Год назад

I think you forgot to take into account bills and council tax...

@JamieYork Год назад

Its a rough estimate mate 👍

@stjohnsilver9538 2 года назад

Hi Jamie. I saw on Rightmove a hotel room (investment) for sale. It looks interesting, but I don't know about it. On face value, it sounds like a more hassle free version of service accommodation. Do you know anyone who has invested in this? Would you be able to do a video on this?

@alexknight4198 Год назад

Would also be very interested in this. I've seen one too.

@elka7823 3 года назад

So you saying my first invesment be 150k with returns like 700£ a month from rent ? Why cant i buy a lik house or a flat for 40-50k as my first invesment and get a few like these and rent them out for 350-400£ a month for new investors how am i supposed to save 150k its stupid explain

@JamieYork 3 года назад

You use mortgages to leverage El. 50k properties are okay but most have poor growth and poor tenant profiles. Typically a slightly higher purchase price areas attractive higher profiles and growth. Hope this helps explaib

@elka7823 3 года назад

@@JamieYork i live in a little flat for 4 years and caused no troubles to the owner so idk why you think we are bad tenants.

@celiahall6168 3 года назад

Hmm... You can do the math and write on your board... and you’ve done a bit of research ... but it really doesn’t sound like you have experience here. You’ve not been able to give any real live examples. I manage my own holiday lets remotely and I’m 4 hours away and I also have BTLs and demanding full time job and I wouldn’t present it the way you do. It’s superficial information and doesn’t sound like you’ve done it yourself 🤨 If you knew your stuff you would know that you can’t do a 3 month holiday let then a 9 month SHT as not allowed to mix with mortgage.

@JamieYork 3 года назад

Thanks for the comment. Just my opinion on the matter and yes I do actually like SA in the right situation, just not how most people do it. Also I never said about using mortgage lending for it. There are a couple of lenders available or people and hold on cash if they wish. It’s definitely not my chosen strategy but it definitely has its place. I just prefer the vanilla and boring 😂

@house9464 20 дней назад

Your video comparing the two didn't factor in utilities .. IE air BnB Yiu will pay for the utilities all the time which will cost stupid money especially in the dead times whereas renting the whole flat , the tennant pays so yiur 600 profit will get swallowed up to the point where it's pointless especially if Yiur not in the best area

@sankeys9 Год назад

What about Electric, Gas and Council Tax costs. ?? you forgot them. if you pay for these then there will be no profit.

@nickvint8211 3 года назад

Hiya Jamie, have to agree and disagree with the video, due diligence and numbers are so important and the example you put up I wouldn't take it on, some real life examples would of been better, yes it is hard however a great deal sourcer would have all those answers, would introduce you to all the right people and systems required. SA is not for everyone but can be done by anyone, you don't need 25% deposits, you need to to do research, talk to the right people and complete your due diligence which I will repeat repeat repeat, speak soon nick vint

@JamieYork 3 года назад

Nick, you are right. I know many people who get SA's right but I just don't think they are quite right for me

@gosskamperis2016 Год назад

The problem with contractors is they turn-up in vans !!!! VANS !!!! Do you really want vans all over the street? The neighbours would love it (NOT) !!!!

@JamieYork Год назад

Sorry, I genuinely don’t get what the issue would be with a couple of vans on the street. Never had a neighbour get annoyed with that

@samsamboi4042 Год назад

Knew samuel leeds was a fake guru as he promotes rent to SA

@ThatAnnoyingStepdad 3 года назад

Simple answer...No

@JamieYork 3 года назад

Or yes 🙌 haha, it depends on where you’re at in your investment journey and your current education levels. There’s plenty of money to be made from them if they’re done in the right way

@ThatAnnoyingStepdad 3 года назад

@@JamieYork personally I don't like them. Market is oversaturated with them, they require too much active management for the ROI.