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How to Avoid Financial Pitfalls Of Serviced Accommodation
Manage episode 421243455 series 2882375
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Could your serviced accommodation business be unknowingly hurtling towards financial pitfalls? In this episode, I, Mark Fitzgerald, reveal the critical mistakes that many entrepreneurs make when establishing their operations, focusing particularly on the often-overlooked mortgage restrictions. Learn how to ensure your business is legitimate and avoid costly breaches by navigating these challenges with the help of an independent mortgage broker.
We also dive deep into strategies for effective communication with landlords, ensuring their mortgage terms are understood and respected without causing unnecessary alarm.
Running a serviced accommodation business isn't just about having a property; it’s about creating an experience.
Discover how to attract the right guests by identifying your target clientele and tailoring your marketing efforts accordingly. We’ll explore the importance of building efficient systems to streamline your operations, so you can focus on what really matters—securing more deals and delivering exceptional guest experiences.
From maintaining a proactive approach to guest satisfaction to leveraging valuable resources and training, this episode equips you with the tools to optimize your business and stay ahead of potential issues.
VALUABLE RESOURCES:
- Visit www.thepropertyunleashed.com to explore are free Property Ebooks and guides in Rent-to-Rent, Serviced Accommodation, Deal Sourcing and and also our FREE training masterclasses to help you generating a sustainable income through property.
- https://www.facebook.com/groups/816926952556608 to meet like-minded property investors and be a part of the community.
- Attend your first property investors network (pin) Meeting for free by using the voucher code “Mark31”
CONNECT WITH ME:
Facebook: https://www.facebook.com/mark.fitzgerald.7921
Instagram: https://www.instagram.com/markfitzgeraldentrepreneur/
Linkedin: https://www.linkedin.com/in/mark-fitzgerald-59200079/
YouTube: https://www.youtube.com/channel/UCgwQNC72nEJQ0tKkKERdQOQ
Threads: https://www.threads.net/@markfitzgeraldentrepreneur
Capíttulos
1. Avoid Costly Mistakes in Serviced Accommodation (00:00:00)
2. Optimizing Service Accomodation Business (00:11:35)
293 episodios
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