For this episode, Paul is joined by Alistaire Handyside MBE the chair of the Professional Association of Self Caterers (PASC UK Ltd). He and his team support the self-catering, short-term lets, holiday lets and serviced accommodation sectors in England and Wales. This includes successfully lobbying the government for reforms that enable these industries to thrive and continue to significantly contribute to the UK economy at a local and national level.
Alistair’s unique position within the industry means that this is a true state of the nation episode for SA entrepreneurs. It provides valuable insights into how recent and upcoming legislative changes will have on serviced accommodation and its profitability.
KEY TAKEAWAYS
The people who work for PASC all have highly relevant experience of the industry and/or the writing of legislation, the way parliament works and how legislation is likely to be interpreted and enforced.
PASC got some amendments made to the Furnished Holiday Lettings (FHL) abolition legislation. Details can be found on their website, so you can assess the impact on your taxes.
Statutory registration is messy, but progressing fast, so is likely to be in effect across all authorities within a couple of years.
Longer term contracts that do not give tenancy rights may still be possible, but only under certain circumstances.
Alistair outlined the changes surrounding drip pricing and fake reviews.
PASC is actively trying to prevent you from having to publicly share your name and contact details for your product.
The plan is that by 2028 all private rental and short-term rental properties will need to be EPC C. PASC is galvanising relevant organisations to effectively challenge this.
BEST MOMENTS
‘Today's presentation is a State of the Union type address on all things serviced accommodation.’
‘We´ve (PASC) got advocacy experts in the Labour, Conservative and Liberal Democrat parties.’
‘They won't be able to implement a levy without a statutory registration scheme.’
‘We are really trying to make the case against this kind of non-standardisation.’
‘We've managed to get the Energy Council to write a short paper about why the whole proposed EPC metrics don't work for short term rentals.’
’There is, I believe, the beginnings of a market readjustment.’
GUEST AND EPISODE RESOURCES
https://www.pascuk.co.uk
https://www.linkedin.com/in/alistair-handyside-mbe-4170b216
VALUABLE RESOURCES
Discovery Day Sign-Up Page -
https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676
The Serviced Accommodation Property Podcast - https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2
https://propertysoldier.co.uk/
Serviced Accommodation Success by Kevin Poneskis
Rich Dad, Poor Dad by Robert T Kiyosaki
ABOUT THE HOST
Your host Kevin Poneskis enjoys public speaking, travelling, exercising, and keeping fit. He also enjoys working with a charity called STOLL, which provides accommodation and training for homeless veterans.
Kevin was in the British Army serving 24 years, mostly in a Commando unit and retired at the rank of Regimental Sergeant Major. He left the Army in 2011 and became a full-time property investor. During most of his Army career, Kevin was investing in property and has been a property investor now for over 27 years.
CONTACT METHOD
https://en-gb.facebook.com/propertysoldier
kevin@propertysoldier.co.uk