Episode 89: How to replace your salary with serviced accommodation

Simon and Stuart take a look at serviced accommodation and how it can be used to replace the average UK salary. Listen for a realistic exploration of the figures involved, investment required and time needed to build a serviced accommodation business. Sorry for the fluctuating audio! The chat this week includes: Replacing your salary with rent-to-rent. Replacing your salary with an HMO portfolio. Replacing your salary with a buy to let portfolio. Stuart's recent experience with serviced accommodation. Concerns about longer Airbnb bookings. Handling cleaning and maintenance during a longer SA booking. Are guests scared of free cakes? Serviced accommodation setup costs. Thinking about voids / occupancy. Dynamic pricing. Our calculations for replacing your salary with serviced accommodation. More pleasant customer contact. Serviced accommodation feels more like building a business. Please leave us a rating and review if you're enjoying the show.

Om Podcasten

The Business of Property follows the journey of two entrepreneurs working in the property world. Stuart is a property investor with a focus on HMOs, mostly for the student market. He prefers a hands-off approach with most of his investment properties being remote. Simon has a small portfolio of vanilla buy-to-let properties that he mostly self-manages. To make his property management easier he created Property and Tenant Manager (https://www.patma.co.uk/). Simon and Stuart, along with guests, discuss the ups and downs they're experiencing in their property businesses. Along the way they share property news, business tips and anything else that happens to crop up their weekly chats. Popular episodes include: Getting started in property (https://www.thebusinessofproperty.com/59) - the first in a mini series discussing topics to consider when starting in property investment. Property investment terms (https://www.thebusinessofproperty.com/12) - great if you're just getting started in property and need some help understanding the common jargon. Property strategy terms (https://www.thebusinessofproperty.com/13) - another jargon busting episode that's great if you're early in your property journey or considering changing your property strategy. Less property but relevant to everyone is a discussion on time management (https://www.thebusinessofproperty.com/10). Last but not least are a couple of episodes that talk about angel investing (https://www.thebusinessofproperty.com/14) and property finance (https://www.thebusinessofproperty.com/15) more widely.