Does Serviced Accommodation Still Work In 2024?

In this podcast episode, we talk to Dan, Director of Your Save Management, who shares his journey in the property industry, starting from his teenage years when he initially got into property investment. Dan discusses his experiences with various property strategies, including rent to HMO and service accommodation, and emphasises the importance of work ethic, integrity, and reputation in achieving long-term success in the industry. KEY TAKEAWAYS Building a strong reputation through honesty, integrity, and delivering on promises is crucial for long-term success in the property industry. Traits such as a strong work ethic, a willingness to do whatever it takes, and a focus on helping others are essential for success and longevity in the industry. Success in the industry comes from solving people's problems, which leads to long-term relationships and financial rewards. Your Stays offers comprehensive service accommodation management services to help property owners maximize income and reduce management headaches. BEST MOMENTS “The biggest advice I'd give around that subject is that your first couple of years is so incredibly difficult to get off the ground if you're starting with very little capital." "I think the glory days of opening something up, chucking it on one of the portals and sitting back and watching that money roll in, that was a short time frame." "If you can solve someone's problem, then there's longevity in that and everything else will come along as a result of it."  VALUABLE RESOURCES This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591        Property Wealth System YouTube - https://www.youtube.com/c/PropertyWealthSystem     ABOUT THE SHOW This Property Life is hosted by the team at Property Wealth System. We are a collective of experienced active investors passionate about all things property. Caroline Claydon Caroline Claydon has over 22 years experience in investing in property but it’s only the last 12 years she’s operated as a professional investor.  Her and her husband have built their portfolio throughout the UK covering strategies from buy to let’s, social housing, HMOs, developments and more recently a hotel.  She has travelled the world training people for the last 10 years on how to invest, scale and accelerate their UK property businesses regardless of where they are based.   Caroline loves helping people reach their full potential by changing their mindsets to money, debt, property and investing.  CONTACT METHOD You can join Caroline and James along with a whole host of other like-minded investors in the Property Wealth System Facebook Community: https://www.facebook.com/groups/propertywealthcommunity Caroline Email: caroline@propertywealthsystem.co.uk Caroline Linkedin: https://www.linkedin.com/in/caroline-claydon-property/ Hosted on Acast. See acast.com/privacy for more information.

Om Podcasten

Welcome to This Property Life podcast.In this one-of-a-kind podcast we tell the stories of ordinary people doing extraordinary things in the world of property investment. No gurus. No big egos. Just life-changing success achieved by real people just like you. Our weekly interviews give you a rare and unique insight into the lives of successful property investors who share their wins, their challenges and their top tips to help you in your own property investment journey. Look out for our special edition Panel Shows in which a group of experienced investors get together to take a deep-dive into a specific property topic with invaluable, real-life advice from a guest panellist with a proven track record in that area. This Property Life is brought to you by Property Wealth System. We are a collective of active investors and we are passionate about helping you to achieve financial security for yourself and your family through safe and sensible investments in property.  Hosted on Acast. See acast.com/privacy for more information.