How To Make The Most From Serviced Accommodation

In today's episode, Mark will be discussing how to earn a high income through serviced accommodations.

When done correctly, serviced accommodations can provide the highest return. To make sure you get it right, you'll first need to know which niche you are trying to attract, such as tourists, government workers, or families.

There are many different tax efficiencies to consider when engaging in serviced accommodations, such as claiming capital allowances. Always ensure that your properties are registered as a business to avoid getting a massive tax bill.

One essential thing to keep in mind is to make sure your mortgage broker allows serviced accommodations. If you have a lease, it's crucial to notify your lender. Transparency is key in business, so it's essential that your lender is aware of your plans to avoid any potential problems.

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