Property Strategies Mini-Series Part 2
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In this episode of the property strategy mini-series, Shaz takes a look at serviced accommodation, HMO’s, BRR as property strategies.
\\nHe explains some of the pros and cons of the strategies and discusses the ones he uses and why, whether you are just getting into property or already on your property journey Shaz shares great content
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KEY TAKEAWAYS
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- With HMO’s individual rooms are let so the cash flow can be higher but there are more regulations \\n
- You need to be more hands-on managing HMO’s \\n
- Speak to the HMO officer at your Local Authority and make sure you are aware of the regulations \\n
- Having more than one tenant means you are spreading the risk \\n
- HMOs are time intensive in management and community but from a cashflow perspective they are very effective \\n
- Serviced accommodation is good from a tax, cash flow and business perspective \\n
- With SA you can be the owner and the operator \\n
- Sa has good tax benefits such as capital allowances \\n
- Be aware that finance and funding are different for SA \\n
- Buy, refurbish, refinance and rent, refurbish to add value, refinance to extract funds, keep the property and increase your cashflow \\n
- BRR is a fantastic opportunity and can be done on a bigger scale with commercial conversions \\n
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BEST MOMENTS
\\n‘HMO’s can generate higher returns than a single let’
\\n‘Serviced Accommodation, as a business model works really well’
\\n‘You can scale SA effectively and have a great business to sell’
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VALUABLE RESOURCES
\\nshaz@aaa-accountants.co.uk
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ABOUT THE HOST
\\nShaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
\\nShaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
\\nHe is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
\\nYou can find Shaz on:
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This show was brought to you by Progressive Media
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