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Keep Calm and Carry On - Where There is Adversity There is Opportunity
Manage episode 411194416 series 2462848
This episode is Kevin´s initial reaction to the UK´s Spring Budget of 2024 and other reforms. Including the Renter´s Reform Bill, the abolition of section 24, changes to the furnished holiday let tax regime, new short-term rental regimes, enhanced fire safety standards, the Tour Operators Margin Schemes (TOMS) and more. Kevin explains why despite the changes, building and running a property portfolio is still an excellent business option, especially the various SA models.
Listen to find out how to navigate these changes and turn them to your advantage.
KEY TAKEAWAYS
- Changes to legislation, the market etc. are inevitable. No matter what that change is the answer is always to stay calm, adapt and carry on.
- Lots of people are put off by change, so will leave the sector, which creates more opportunities for those who persevere.
- Often, seemingly negative changes actually generate more opportunities e.g. SA went nuts during CoVid.
- There are always ways around things. New ways to do business.
- Most of the SA-related changes do not affect hotels or B&Bs.
- The rent to SA playing field just got better.
- More Buy to Let landlords are going to say yes to rent to SA.
- The VAT changes creates more opportunities.
- Commercial conversion to SA is not affected by the new legislation.
BEST MOMENTS
‘When more people pull out of the sector that just creates opportunities.’
‘The Renter´s Reform Bill is actually going to help serviced accommodation.’
‘Hysterical headlines are going to help.’
VALUABLE RESOURCES
Discovery Day Sign-Up Page -
https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676
The Serviced Accommodation Property Podcast- https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2
https://propertysoldier.co.uk/
Serviced Accommodation Success by Kevin Poneskis
Rich Dad, Poor Dad by Robert T Kiyosaki
ABOUT THE HOST
Your host Kevin Poneskis enjoys public speaking, travelling, exercising, and keeping fit. He also enjoys working with a charity called STOLL which provides accommodation and training for homeless veterans.
Kevin was in the British Army serving 24 years, mostly in a Commando unit and retired at the rank of Regimental Sergeant Major. He left the Army in 2011 and became a full-time property investor. During most of his Army career, Kevin was investing in property and has been a property investor now for over 27 years.
CONTACT METHOD
https://en-gb.facebook.com/propertysoldier
118 episodios
Manage episode 411194416 series 2462848
This episode is Kevin´s initial reaction to the UK´s Spring Budget of 2024 and other reforms. Including the Renter´s Reform Bill, the abolition of section 24, changes to the furnished holiday let tax regime, new short-term rental regimes, enhanced fire safety standards, the Tour Operators Margin Schemes (TOMS) and more. Kevin explains why despite the changes, building and running a property portfolio is still an excellent business option, especially the various SA models.
Listen to find out how to navigate these changes and turn them to your advantage.
KEY TAKEAWAYS
- Changes to legislation, the market etc. are inevitable. No matter what that change is the answer is always to stay calm, adapt and carry on.
- Lots of people are put off by change, so will leave the sector, which creates more opportunities for those who persevere.
- Often, seemingly negative changes actually generate more opportunities e.g. SA went nuts during CoVid.
- There are always ways around things. New ways to do business.
- Most of the SA-related changes do not affect hotels or B&Bs.
- The rent to SA playing field just got better.
- More Buy to Let landlords are going to say yes to rent to SA.
- The VAT changes creates more opportunities.
- Commercial conversion to SA is not affected by the new legislation.
BEST MOMENTS
‘When more people pull out of the sector that just creates opportunities.’
‘The Renter´s Reform Bill is actually going to help serviced accommodation.’
‘Hysterical headlines are going to help.’
VALUABLE RESOURCES
Discovery Day Sign-Up Page -
https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676
The Serviced Accommodation Property Podcast- https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2
https://propertysoldier.co.uk/
Serviced Accommodation Success by Kevin Poneskis
Rich Dad, Poor Dad by Robert T Kiyosaki
ABOUT THE HOST
Your host Kevin Poneskis enjoys public speaking, travelling, exercising, and keeping fit. He also enjoys working with a charity called STOLL which provides accommodation and training for homeless veterans.
Kevin was in the British Army serving 24 years, mostly in a Commando unit and retired at the rank of Regimental Sergeant Major. He left the Army in 2011 and became a full-time property investor. During most of his Army career, Kevin was investing in property and has been a property investor now for over 27 years.
CONTACT METHOD
https://en-gb.facebook.com/propertysoldier
118 episodios
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