Alex interviews SA expert Tommy Gan, who shares his journey from pharmacist to running a successful service accommodation business. Tommy shares insider knowledge on business rates, marketing strategies, and the future of SA.

https://airbnbconsultant.co/

KEY TAKEAWAYS

• Transitioning from a stable career to SA can be challenging but frequently offers greater financial potential and flexibility.
• Understanding business rates and tax efficiencies is crucial for maximising profits in the SA industry.
• Diversifying booking sources beyond OTAs is essential for long-term success and stability in the SA business.
• Focusing on a specific target market and building direct booking channels can significantly improve profitability.
• Proper systems, processes, and local market knowledge are vital for managing a successful SA portfolio.
• The future of SA likely involves more purpose-built properties and increased regulation, benefiting those who adapt early.
• Collaboration with other operators and continuous education is key to staying competitive in the evolving SA landscape.

BEST MOMENTS

"I think there's a very bright future for service accommodation for the people that know how to do it. If you understand where the ball's going”.

"Life always throws things at you, you know, and it depends on what you want to do with it. You know, life can throw you lemons and you can be sour about it, or you can make lemonade."

"It's good to work with someone that brings to the table what you don't have”.

ABOUT THE GUEST

tommy@sleepezee.co.uk

https://www.instagram.com/sleepezee_shortstays

HOST BIO

Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years.

This AirBnB Business has allowed each of them to create their own tailor made ‘lifestyle by design’.

Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.

CONTACT US

Facebook - https://www.facebook.com/alex.mannock/

Instagram - https://www.instagram.com/theairbnbnomadspodcast

TikTok - https://www.tiktok.com/@theairbnbnomadspodcast

YouTube - https://www.youtube.com/@Lifebeyondbroke/