So many great videos Saj! thank you to both you and Sam for the Quality content on this one!! To say the very least Saj the time and effort you have spent making these videos shows and definitely isn't unnoticed, i appreciate and value your commitment to spreading awareness :D been a pleasure to watch and take notes, a pleasure as always! Kind regards, Luis Prew
Trouble is if renting a flat for serviced accommodation. You have to charge about £100 a night just to cover bulk of your costs. That's before making any money. It simply isn't viable unless you own somewhere outright. It would be near impossible to get 30 bookings a month. The initial investment in furniture alone is massive and hard to get back quickly. And with you not owning the place, that could end up being tricky. You are basically improving something that isn't yours. While paying off someone else's mortgage. And taking all the risk. Imagine even having 16 nights booked each month. Sometimes odd days and weekends. Changing the sheets, cleaning. People losing keys or whole heap of problems? Where would most stand on planning permission? Business rates and their mortgage? Seems too good to be true? Looking at my local Travelodge this evening it's less than £35 tonight. There is a pizza place and couple of other take aways downstairs and you are right in town. Especially as things get tight. Companies won't rent flats for staff. They'll put people in twin rooms on a Monday night till Friday morning
Thank you Saj. Now I have a better understanding to get into service accommodations. After the lockdown I started a bnb. Getting different guests everyday and yeah it's the cleaning services that got me mad. So to think better it's always good to have guests staying a bit longer. Need to learn more
£100 a night on a £750 rental? Probably 15 nights a month? Leaves you £750. Council tax on a band B, £150? Up to £200 in heating/electric/water/tv license. £50 a month minimum for a broadband and TV package. Total of £5000-10000 for furniture/electricals probably split over the 5 years? I am starting to lose net profitability? Then you've got to get someone to clean it? Change sheets? Top up the coffee and shower gel? Then if the door jams or the keys get lost? Or someone steps on a water pipe? Where would insurance and cost of that come in? Just seems a total minefield? What is the cost of even getting customers to stay?
Hi Saj.. I am interested in starting in the property business.. I'm from Coventry Not sure at the moment whether to just buy a flat etc to rent out or find out more about serviced property.. Need some advice! Thanks for this informative video.. Naheed
Your cleaners are key to a successful operation, ask for recommendations in the local area. It's worth having at least 2 that you can call upon in case one is unable to clean for whatever reason. You can either buy or hire the linen or towels.
Hi Saj, I’ve already got a number of single lets in Reading and have just got approval for my first serviced building. It’s 9 units in total, a mix of one and 2 beds close to central Reading, RG1 2QP. I have zero experience in this area and would prefer someone to manage the building. Any ideas where to find a suitable management company?
I run a small mentoring programme with 3 levels, depending on your experience. It is not for everybody and is application based. You can get more details and the application form here www.sajhussain.com/let-me-mentor-you/
Great video but how are you getting permission to do SA in a modern flat when most developers / sales agents ensure there is a clause to ban holiday lettings?
There are ways round this, i will not disclose all of them but many people have serviced accommodations in greater london running all year round, 1 of which is changing property use from c3 to c1, what i will say is look at the way its worded very carefully! If youre smart youll figure it out..
Just what ive been looking for, very informative Saj respect brother
Awesome! I have newer videos on Serviced Accommodation you can check out
Brilliantly presented Saj! Thank you.
Breath of fresh air in terms of quality content and the way it was presented. Very informative! Thank you so much for sharing! 👍😊
Glad you enjoyed it!
thank you a good video what people can watch at their own pace. not like hard selling seminars with quick buy discounts
So many great videos Saj! thank you to both you and Sam for the Quality content on this one!! To say the very least Saj the time and effort you have spent making these videos shows and definitely isn't unnoticed, i appreciate and value your commitment to spreading awareness :D been a pleasure to watch and take notes, a pleasure as always! Kind regards, Luis Prew
Thank you Luis, much appreciated.
Greetings Saj
Thanks very much for this very informative video - great interview and presentation. I have learnt so much.
Trouble is if renting a flat for serviced accommodation. You have to charge about £100 a night just to cover bulk of your costs. That's before making any money. It simply isn't viable unless you own somewhere outright. It would be near impossible to get 30 bookings a month.
The initial investment in furniture alone is massive and hard to get back quickly. And with you not owning the place, that could end up being tricky. You are basically improving something that isn't yours. While paying off someone else's mortgage. And taking all the risk.
Imagine even having 16 nights booked each month. Sometimes odd days and weekends. Changing the sheets, cleaning. People losing keys or whole heap of problems? Where would most stand on planning permission? Business rates and their mortgage?
Seems too good to be true?
Looking at my local Travelodge this evening it's less than £35 tonight. There is a pizza place and couple of other take aways downstairs and you are right in town.
Especially as things get tight. Companies won't rent flats for staff. They'll put people in twin rooms on a Monday night till Friday morning
It was very informative and professionally done thank you the more we learne the wizer we are become
Great piece of infos for those looking to start sa
Thank you Saj. Now I have a better understanding to get into service accommodations. After the lockdown I started a bnb. Getting different guests everyday and yeah it's the cleaning services that got me mad. So to think better it's always good to have guests staying a bit longer. Need to learn more
Glad it helped!
Amazing Video Saj . Great tips from both yourself and Sam to get into service’s accommodation. You need to continue this vlog series for sure
Thank you Emad. I really appreciate your support.
Thanks for watching Emad :)
Great refresher. I've been running SA nearly three years. Always something to learn.
Thank you Joan. You and Simon are doing great things. Let me know if there is anything I can do to help you both.
Where would your advertise your SAs?
Hello
@@delsingh2577 Airbnb BDC are the 2 big players
Great video thanks Saj and Sam some real insight to this strategy
Thanks. I'm glad you found it useful Gurdeep.
Thanks Gurdeep, good to hear you found it useful
Really Great video, I've been wanting to do this but was put off by letting agent and I see now I don't need to worry about that
Get in touch, we can help sajhussain.com/contact-us
Hi Saj great video very good tips will look up your other video’s.
Regards. Christopher Barker
Thank you Christopher, make sure to subscribe and turn on the bell notification so you don't miss any uploads!!
Great informative blog!
Very useful and informative Thanks!
Hi Sam, 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 ?
Yes, we do short stays with houses.
Have learnt a lot today
Great content! Thank you so much for this video and others. Very interested in regulation using SA strategy please. 🙏
Thank you for the comment. I might cover SA & regulations in the future SajDaily videos
Hi, I am interested in learning about it and start working on it but have no idea how it works.
Great video thanks Saj.
Glad you liked it Resh.
It was a great video Saj.
Great video thanks.
Plenty of information in the SA field.
Glad it was helpful!
£100 a night on a £750 rental? Probably 15 nights a month? Leaves you £750. Council tax on a band B, £150? Up to £200 in heating/electric/water/tv license. £50 a month minimum for a broadband and TV package. Total of £5000-10000 for furniture/electricals probably split over the 5 years?
I am starting to lose net profitability? Then you've got to get someone to clean it? Change sheets? Top up the coffee and shower gel?
Then if the door jams or the keys get lost? Or someone steps on a water pipe? Where would insurance and cost of that come in?
Just seems a total minefield? What is the cost of even getting customers to stay?
Grateful 🙏 keep up the good work
Thank you 🙌
What about council tax with serviced accommodation can you explain that further
Tx a mil Saj. Excellent
Thank you
Great video!
Really appreciate the support.
Hi Saj
which networking events are you currently going too or running?
regards Peter
Here's where I am updating the details.
www.sajhussain.com/networking/
Have u got video about how to get the agents on your side please what do I need do for rent to rent
This video should help th-cam.com/video/u7-vTM4yCt4/w-d-xo.html
Thank you! This is great!
Glad it was helpful!
Hi Saj.. I am interested in starting in the property business.. I'm from Coventry Not sure at the moment whether to just buy a flat etc to rent out or find out more about serviced property.. Need some advice! Thanks for this informative video.. Naheed
Naheed contact us here sajhussain.com/contact-us
Hi Great video, finding a good cleaning company and supplier for the sheets, towel etc is worrying me! The cost of this too ! Any advice please?
Joanne I would find other local operators in your area and ask who they can recommend that they are working with.
Your cleaners are key to a successful operation, ask for recommendations in the local area. It's worth having at least 2 that you can call upon in case one is unable to clean for whatever reason. You can either buy or hire the linen or towels.
Hi Saj, I’ve already got a number of single lets in Reading and have just got approval for my first serviced building. It’s 9 units in total, a mix of one and 2 beds close to central Reading, RG1 2QP. I have zero experience in this area and would prefer someone to manage the building. Any ideas where to find a suitable management company?
Check who else operates in your area on AirBNB and Booking.com
Really useful thanks - are you aware of any companies that will work with you to buy SA properties and manage them in the north?
Sorry, not in the north.
Are you aware of any companies who help buying SA properties and manage in manchester area?
Do you need to be qualified to rent rooms out? Ie arla property mark??
No, but there is lots of regulation to be aware of. This video will help you th-cam.com/video/QrPxDNXN34M/w-d-xo.html
Thankyou Saj- really informative film
How do i get in touch with you for mentoring if you do that?
I run a small mentoring programme with 3 levels, depending on your experience. It is not for everybody and is application based. You can get more details and the application form here www.sajhussain.com/let-me-mentor-you/
Great video but how are you getting permission to do SA in a modern flat when most developers / sales agents ensure there is a clause to ban holiday lettings?
Get consent from the developer of the builder or the current Freeholder.
@@TheSajHussain any tips on that approach - i've tried many times in mid end new build flat blocks and the answer is always no chance !
@@TheSajHussain yeah had the same problem
Isn't service accommodation limited to how many days you rent it?
Do people hold SA's / holidays lets in there personal name?
Thank you!
You're most welcome and I appreciate the comments.
Can you name the software you use “channel manager is broader term but must have a specific name”.
We use a channel manager called 'SuperControl' but there are lots out there, you can get free trials with most platforms.
We use Kigo.
www.kigo.net
Good advise
Thank you
I like it
Would you say parking was essential? Ie 4 spaces for four bed sa? Thanks
This depends on the type of guest you will be having for instance contractors with vans will require parking.
I want to buy an apartment and set up a SA. Big problem is most lease hold flats state no holiday let’s.
Yes, it can be a challenge finding ones where it is not restricted.
!
Where would you advertise your S/As?
Hi Del, I would recommend Airbnb and Booking.com
How does the council tax work with this serviced accommodation? Who’s names that in
There are different ways to set this up. It may even be business rates and not council tax
Thx😀
You're welcome 😊
How much money I need to start off?
You can start with very little. However, starting with 10K will make it much easier for you.
I am interested in buying a Holiday lets property in Cornwall near St.Austell area. Any leads will be appreciated
I want more course training for the property you smarter then me
where do you get the legal rights on the property? i.e Lease agreement or planning permission and mortgage type
The lease agreement or management agreement will determine what rights you have over the property.
Serviced accommodation is basically Air BnB. There is a 90 day rule in Greater London for this type of rental - something to be aware of
There are ways round this, i will not disclose all of them but many people have serviced accommodations in greater london running all year round, 1 of which is changing property use from c3 to c1, what i will say is look at the way its worded very carefully! If youre smart youll figure it out..
@@Scouseanticsif your changing it to a C1, does this also need a HMO licence if renting to unrelated individuals ?
Great video. Love the content. But please learn how to say “Specific” instead of “Pacific” 😂
Lol, one of my daily struggles
That comment was rude
Thx 😀