PROPERTY: 8 Tips For Remote Property Investing With Sean The Property Tax Accountant
In this episode, Rob sits down once again to talk with Sean Billington – The Property Tax Accountant. Sean is a qualified chartered accountant who has 20+ years of experience. He specialises in providing advice to all kinds of landlords. Including, HMO, Buy to Let, serviced accommodation, and more. His is a digital business, Sean splits his time between the UK and Mexico while advising people from across the world and running his property portfolio. Today, he and Rob, focus on running an investment property portfolio while travelling or living abroad. The subjects they cover include choosing the right strategy, managing time-zone differences, tax implications, solving funding challenges, and remote landlord technology.
The Property Nomads Podcast · Rob Smallbone & Aaron Devoy
Audio is streamed directly from the publisher (traffic.megaphone.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
In this episode, Rob sits down once again to talk with Sean – The Property Tax Accountant. Sean is a qualified chartered accountant who has 20+ years of experience. He specialises in providing advice to all kinds of landlords. Including, HMO, Buy to Let, serviced accommodation, and more. His is a digital business, Sean splits his time between the UK and the Caribbean while advising people from across the world and running his property portfolio.
Today, he and Rob, focus on running an investment property portfolio while travelling or living abroad. The subjects they cover include choosing the right strategy, managing time-zone differences, tax implications, solving funding challenges, and remote landlord technology.
KEY TAKEAWAYS
- Being clear about what you want to get out of property investing will help you to choose the right property investment strategy.
- Long-term simple tenant agreements are ideal for remote managing.
- Think about the tax implications of being abroad for long periods. Some of which are discussed in the podcast.
- If you are abroad long enough you can end up as a non-resident taxpayer meaning lenders will treat you as an Expat, which creates challenges.
- For remote buyers, comprehensive surveys are invaluable.
- Have someone trusted on the ground to liaise and carry out certain high trust tasks.
- Tap into the power of technology. In the podcast, Sean shares some apps and systems he uses.
BEST MOMENTS
‘Choose the right strategy for your circumstances.’
‘Lenders will typically see those individuals (non-resident taxpayers) as higher risk.’
‘Go with an agent that does lettings only.’
‘Making Tax Digital is coming down the line in a couple of years.’
ABOUT THE HOST
Rob Smallbone, the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?
Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.
Buckle up, sit tight, and enjoy the ride that is life.
EPISODE RESOURCES
Sean The Property Accountant
Instagram: https://www.instagram.com/property_tax_accountant_uk/
Website: https://propertytaxaccountant.uk
Hammock: https://www.usehammock.com/
QuickBooks Online: https://quickbooks.intuit.com/online/
BOOKS
Buy To Let: How to Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
WEBSITE
SHOP
SOCIAL MEDIA
Instagram - https://www.instagram.com/thepropertynomadspodcast/
Facebook - https://www.facebook.com/ThePropertyNomadsPodcast
YouTube - https://www.youtube.com/channel/UCejNnh8OEUXSrdgFDFraWxg
PODCAST
The Property Nomads Podcast:
I-Tunes = apple.co/3bHNn5G
Stitcher = bit.ly/3cFQVqe
Spotify = spoti.fi/2XaZliP