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Acquire a property process SA - Coggle Diagram
Acquire a property process SA
Check vision and business plan - what we want - why?
What
Type of property - no. of rooms, max occupation, configuration, sofabed in LR or reception room is bedroom
Garden - think of use and maintenance
Performance of SA - financially affected by configuration/occupancy
how many bathrooms? 4 people ok with 1
Funding - source of funding - and monitor set up and running costs/leasing of items - furniture and electrical
How?
Deal win:win with property owner
Direct to LL sourcing -FB, Gumtree, Openrent, Sparerooms, networking
Via agents
HOMEPOINT - DISTRESSED LANDLORDS
Purchase - to operate as SA
Lease options
Local or remotely
When?
Timescales dictated from numbers - schedule with LL
Viewings in person - CV 19 difficult time
Utilities - Broadband is essential check first!!
Agreement - whenever that is signed and agreed start date will begin main process
Who - target market
Comfort levels - vary per guest type
Corporate - lack lately
Contractors
Low "maintenance"
Cost - nightly rate
Parking - security for vans
Location compared work site - 30mins
Leisure
Families/friends/visiting - possibly events
Pros and cons
Higher expectations
Good revenue
Pets allowed or not, gap in the market
Where?
Goldmine area
Demand - point of interest - why would you stay - drive guests to stay
Competition - Travelodge, Premier SA units & numbers
Location near station, tube, bus routes, main roads, industrial estates, sites, developments, easy access