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Mileage/Tax Expense Advice
Good evening everybody, I recently started using MileIQ to track all of my mileage. For those that don't know, you can claim 45p per mile as a tax expense for the first 10,000 miles per tax year, then 25p per mile for anything after that. MileIQ works in the background so you don't have to constantly go on the app and manually track everything. You go on the app and swipe left or right for personal or business use and it's as simple as that. 45 per doesn't sound like much but it certainly adds up - I've only been using the app since mid May and I've already racked up £144 as a tax expense
An extra £1,059 earned for the host! For free
A Virtual Assistant (VA) hired through us informed the host about deposit waivers, which allow guests to pay a smaller, non-refundable deposit instead of pre-authorizing a larger amount. With the host's approval, the VA set up the deposit waiver system. In June alone, this generated an additional £1,059 for the host! The VA service costs the host just under £200 per month, meaning this strategy covered the VA's fee and provided an extra £800+ in profit. 🤩 If you’re not using deposit waivers, you’re missing out should seriously be looking into implementing it! It's literally extra money for you the host!
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An extra £1,059 earned for the host! For free
I Didn’t Get Into Property for Cash Flow…
When I started in property over 25 years ago, my goal wasn’t income, it was capital growth. I wanted to own real assets, watch them rise in value, and one day pass something meaningful on to my family. Fast forward to today, and I see a new generation doing Rent-to-SA. It’s smart, lean, and can generate fantastic income. But here’s the truth: If all you’re building is cash flow, you’re still trading time for money. There’s nothing wrong with that, but don’t stop there. Use that cash flow to: - Buy your first asset - Clear personal debt - Fund your education - Or build a war chest for future investments The SA units you manage today are your training ground, but what you’re really doing is learning how to run a business, and how to spot real value when it shows up. My advice? Think bigger than bookings, think equity, not just earnings, and think about who else you’re building this for, because income dies with you, but legacy doesn’t. Keep going. The best foundations are the ones you don’t see straight away. — Tim Haq Legacy Builder, Contact Cultures Properties Ltd
R2R Landlord Letters Template
Feel free to use this template, which I made with the help of @Adam Hindley Dear Landlord/Tenant, We hope you're well. We just wanted to say how much we like the area and your street. We’d be genuinely interested in renting a property here if one becomes available. If you’re a tenant and thinking of moving out at any point, or if you’re the landlord and the property might be coming up for rent, we’d really appreciate it if you could let us know. The same goes if you hear of anything else nearby that might be coming up. Thanks very much for your time, and all the best. Kind regards,
🔸 New blog launched at Contact Cultures Properties Ltd 🔸
At Contact Cultures, we believe property should serve people, not just profit. We’ve just launched our blog to share how we’re building with purpose, legacy, and a bit of grit along the way. Whether you're an investor, a fellow landlord, or just someone who values honest business, we’d love for you to follow along. 🧱 First post: more than bricks — why we build at Contact Cultures 🌐 Read here: www.contactcultures.com/blog 💬 Thoughts welcome, this is just the beginning
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