How to Fill Your SA Properties & Serve the Community — Tsen Wharton

I interviewed Tsen Wharton about how to fill your Serviced Accommodation properties with direct bookings from the local council.
Scroll down for the show notes.

KEY TAKEAWAYS

• Relying on tourism for Serviced Accommodation leads to a feast in the summer and famine in the winter.
• Contractor guests can provide more stability.
• Working with the council’s emergency accommodation department can provide direct bookings of 3-12 months for homeless people. They have much greater demand than supply of properties.
• It may take multiple meetings to get the council on board.
• Be clear on which types of council guests you are willing to accept.
• Tsen has found that 2 bedroom properties work best for the council.
• Make sure you still do weekly cleaning, so you can monitor the property and guests.
• Tsen has a Serviced Accommodation property available for an investor which provided a 13% return on cash last year.

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To follow or get in touch with Tsen Wharton

Website: http://www.devenirplus.co.uk

Facebook: https://www.facebook.com/tsen.wharton

Do you think this strategy sounds interesting? How have your SA bookings been during the COVID-19 lockdown? Let me know in the comments below.

Live your Dreams,
George Choy & Sarah Choy (Financially Free at 39)
Authors of the Amazon #1 Bestsellers:

• 📚 STEALTH MILLIONAIRE: How to Save Money and Manage Your Money Like the Rich

• 📚 RETIRE NOW! Your Blueprint to Financial Freedom Through Property

By George Choy & Sarah Choy | 12 June 2020