The Property by Kazy Podcast EP 65 | Dami Property Lifestyle: “£50K A Month Isn’t A Lot Of Money!”
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Aug 17, 2024 Dami Property Lifestyle, a serviced accommodation expert with over 100 properties across multiple countries, shares his insights on lucrative property management. He discusses the realities of serviced accommodation and his successful direct booking strategies. Dami reveals his thoughts on perceptions of wealth, stating, '£50K a month isn’t a lot of money.' He emphasizes the importance of systemization and effective operational strategies in the property business, alongside balancing work and personal life to avoid burnout. Tune in for inspiration and strategies for success!
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Biggest Booking
- Dami's largest booking was a one-month stay in Surrey, from a royal from Kuwait for £52,000.
- The profit from this single booking was £39,000.
Serviced Accommodation Model
- Target properties where you can add value and charge more on Airbnb than the monthly rent.
- Secure a longer lease (3-5 years) with a break clause for security.
Direct Booking Strategy
- Build trust and a strong reputation before implementing a direct booking strategy.
- Aim for around 10 positive reviews on platforms like Airbnb and Booking.com.