Serviced Apartments A Successful Strategy For London Property? | Serviced Accommodation Deep Dive

Ranjan Bhattacharya - Succeed In Property

Подписаться 71 тыс.

Просмотров 11 тыс.

50% 1

Today I'm on the outskirts of London, vlogging my Serviced Accommodation Deep Dive with specialist Dave Goodfellow. In this video, Dave & I discuss the viability of serviced apartments with London Property & the required changes to my studios, to make this a successful investing strategy.
You can contact Dave via Linkedin Here:
/ davejamesgoodfellow
Register For this Sunday's Commercial Property 90 Minute Webinar at 7pm:
www.succeedinproperty.com/fre...
Share this video: • Serviced Apartments A ...
❓ Have a question about property? Join my Property Facebook Group: / 1705743386350825
🗣️FOLLOW ME ON SOCIAL MEDIA:
Instagram: / ranjanproperty
Facebook Page: / ranjanproperty
LinkedIn: / ranjanproperty
For speaking or collaboration enquires only, please email admin@bakerstreetpropertymeet.com
🔔 Subscribe for weekly content: / @ranjanbhattacharya-su...
How To Build A Successful Commercial Property Portfolio - Workshop
++++++++++++++++++++++++++++++++++++++++++++++++++++++
www.succeedinproperty.com/workshop
#commercialproperty
#buytolet
#propertyinvestment
#propertyinvesting
#bakerstreetpropertymeet
#ranjanproperty
#ranjanbhattacharya
#succeedinproperty

Опубликовано:

7 июл 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 44

@ranjanbhattacharya-succeed7617 3 года назад

@davegoodfellowofficial 3 года назад

Love this video, wasn’t expecting to be YouTubing with Ranjan but really enjoyed it 😍

@gosskamperis2016 3 года назад

It's refreshing that you guys have discussed the downside as well as the upside.

@foxbridge01 3 года назад

Two key points on SA have been missed here. It is vital to have a mortgage that allows specifically for Air b n b. You cannot run Sa off a standard BTL mortgage. The second point is getting permission from the free holder and management company ( assuming it is a block of flats) that you can run this business. Many flat owners rightfully object to neighbouring properties getting different visitors every night. The majority of SA operators contravene mortgage stipulations.

@Nonegiven14582 Год назад

Don't tell people that. They won't buy these waste of money courses? I had a flat I was buying and the solicitor had to negotiate the lease. Freeholder wanted to take the place back if I couldn't get a tenant out. Do it themselves. Which would have cost me £124,000

@OfficialRyanLuke 3 года назад

Great video guys, serviced accommodation is going to be huge for the foreseeable and with good systems and processes it can be a game changer of a strategy for property investors wanting to dramatically increase their cash flow 🔥

@robmurphy1558 2 года назад

Definitely the best content I have found so far on SA, thank you for taking the time to do it.

@ranjanbhattacharya-succeed7617 2 года назад

Glad it was helpful!

@nag9439 3 года назад

Thank you so much Ranjan.. All your viedos are so informative!

@ranjanbhattacharya-succeed7617 3 года назад

My pleasure 😊

@tyronnemcewen-mason6767 3 года назад

Hi Ranjan, I recently discovered your channel and I’m loving your videos! I am 20 years old and looking to start my property investing journey. If possible, I would like to discuss with you directly, about the best ways to approach it.

@whome5810 2 года назад

Great information as always! The title questions if this is a good strategy for London, but the video doesn't mention the 90 day maximum let rule for serviced accommodation in London? Some advice on this would be great! ......if anyone has any advice regarding the 90 day rule please leave a comment below! Ie is it possible to get planning to be able to let it for more than 90 days? Are there any other options? Cheers.

@vvwalker7261 2 года назад

Great video Ranjan

@pauldavies5655 3 года назад

i am doing exactly the same as this chap !

@mdove9109 3 года назад

Very useful info. Thank you.

@Yoda.. Год назад

Very helpful video. I have a property which meets almost all the criteria in this vid: close to hospital, close to university, business in the area, transportation (takes 20 mins to reach central London and less than an hour to reach Oxford). I'm thinking about experimenting with SA, letting out two (ensuit) bedrooms and seeing what sort of income I can generate from this.

@Daisy-kp9lv 2 года назад

This is fantastic. Very informative. I laughed a lot with the car parking emergency!

@ranjanbhattacharya-succeed7617 2 года назад

Glad you enjoyed it!

@stefanoG4i 3 года назад

Great video, although my main Property journey has been in RRr, we now will be looking into hands off SAs for passive income.👍

@carolinescaranello8610 2 года назад

I just love your content. Thank you

@ranjanbhattacharya-succeed7617 2 года назад

Glad you enjoy it!

@christopherbarker976 3 года назад

Hi Ranjan good video thanks very much Regards Kit Barker

@ayeshakhan-gd9is 3 года назад

This is a great video, very informative! Many thanks

@ranjanbhattacharya-succeed7617 3 года назад

Glad it was helpful!

@Nonegiven14582 Год назад

Surely if a town centre or seaside place needed 100/200/300 more accommodation places. Then a Premier Inn or hotel chain would build a big hotel with parking. Cheap rooms/suites? Everything? Bar/restaurants? And the fact it's all in same location would keep costs down. Renting a place as a stand alone could be £25-50 on a one night booking just to change the beds and clean the place? For me to even rent a new build studio as serviced. For one night I would need to charge £100 or more. Travelodge in town was £33.99 on Sunday

@ianh9871 3 года назад

Serviced apartments are a very small part of the UK's whopping £59.6 bn hospitality sector, Huge revenue from SA; in the right location

@davegoodfellowofficial 3 года назад

Where are you based? Huge opportunity this year for SA operators

@FaizanMunawar 2 года назад

Hi , Ranjan nice one.plz what’s the best way to analyse location? can we put any semi detached or terraced as well please if it’s near city ?

@shaonmukherjee1389 3 года назад

Great Video..is that somewhere is Islligton?

@ranjanbhattacharya-succeed7617 3 года назад

possibly...😉

@johnporcella2375 Год назад

Good video, but how did it address the issue of whether it is a "Successful Strategy For LONDON Property"? Does London not have a "ninety day maximum" policy?

@nikkion2140 3 года назад

What is the website of Dave?

@nickonick6536 3 года назад

Is there any planning conflict using a C3 property which may or may not also be a principal residence, (eg in c london where max 90 days a year is a normal shortterm occpancy planning restriction) and how does that affect tax planning, ownership structures, council rates etc ?

@ranjanbhattacharya-succeed7617 3 года назад

London rules are slightly different to rest of country

@celiahall6168 3 года назад

Blimey... you guys are really making this sound far more complicated than it actually is! I have a few AirB&Bs (and other properties) and this is pretty simple stuff...mines lite touch as I live 4 hours away and I work full time! Must be ‘bloke’ thing to make it sound this complex 🤣🤣🤣

@davegoodfellowofficial 3 года назад

Interesting we can over complicate things sometimes 🤣🤣 it’s really not that bad once you have all the systems set up or outsource the management

@nikkion2140 3 года назад

Can you please give a pointer how to start on AirB&b. Only interested to do this for a few months a year. Thanks in advance. God Bless

@celiahall6168 3 года назад

@@nikkion2140 OK, dead easy! Presumably you’ve stayed in a couple of them before so so you the drill in terms of self check in options... suggest your familiar with the App to. Get good photos and list using a desktop version Airb&b. Takes about an hour to add all the info and prices (research your local competitors). Ideally set to instant bookings and off you go. Check the guest side of the App that it’s all correct... I have to change location in mine by their Helpdesk as doesn’t come up local enough for mine. Anyone can do it... top ratings are a must so you get to Superhost and higher on search results. It’s the best App ever and it prompts you every step of the way 🙂 Good luck 🤞

@celiahall6168 3 года назад

@@davegoodfellowofficial there are a few differences to BTLs and BRRR, Commercial to residential... that you might have highlighted as I don’t think serviced accommodation is for everyone; you need to be a good communicator, be very customer focused and want your guests to have a great time you need to possess the ability to make your properties clean and homely. And you need constant high standards as you’re only as good as your last public review. This would have been worth highlighting for Ranjan’s normal audience. I could cover this as I have a mix of properties investments and can see the different skills needed... but I still work very full time, I’m a single mum, horse, always buying and renovating properties... busy blah blah. Ranjan could do with a female voice as is it’s all incredibly ‘Blokey’ 😆

@keirdoubas 3 года назад

@@davegoodfellowofficial I've a flat in central London that would make a great SA unit but resisted due to the 90 day rule. How will you be approaching that with Ranjan's properties in the clip?

@mdove9109 3 года назад

Do you do serviced accommodations in Derby?

@mprty Год назад

I do

@maclal2099 3 года назад

Too much work for little financial award all eaten up by workers

@davegoodfellowofficial 3 года назад

SA success really depends on the location and making sure the area works. It can be the most rewarding strategy or the biggest pain in the butt you will ever get involved in, it’s not for everyone 😎