In this episode of the property strategy mini-series, Shaz takes a look at serviced accommodation, HMO’s, BRR as property strategies.
He 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
 
KEY TAKEAWAYS
With HMO’s individual rooms are let so the cash flow can be higher but there are more regulations
You need to be more hands-on managing HMO’s
Speak to the HMO officer at your Local Authority and make sure you are aware of the regulations
Having more than one tenant means you are spreading the risk
HMOs are time intensive in management and community but from a cashflow perspective they are very effective
Serviced accommodation is good from a tax, cash flow and business perspective
With SA you can be the owner and the operator
Sa has good tax benefits such as capital allowances
Be aware that finance and funding are different for SA
Buy, refurbish, refinance and rent, refurbish to add value, refinance to extract funds, keep the property and increase your cashflow
BRR is a fantastic opportunity and can be done on a bigger scale with commercial conversions
 
BEST MOMENTS
‘HMO’s can generate higher returns than a single let’
‘Serviced Accommodation, as a business model works really well’
‘You can scale SA effectively and have a great business to sell’
 
VALUABLE RESOURCES
[email protected]
 
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz 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.
He 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.
You can find Shaz on:
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