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In this episode of the Property Investors Podcast, hosts Anna and Russell Leeds welcome special guest Patricia Kilty. Patricia shares her intriguing journey of owning and managing large service accommodation (SA) properties, specifically party houses. She discusses the appeal and challenges that come with these properties, including a personal experience where a small village's complaints led to a council shutting down her property. The discussion also covers strategies for managing guest behavior, the importance of exit strategies, and the potential of investing in party houses in locations like Blackpool. With practical insights and entertaining stories, this episode provides valuable lessons for property investors.

00:00 Welcome to the Property Investors Podcast

00:10 Introducing Patricia Kilty and Her Party Houses

00:44 Challenges with Local Councils and Neighbors

04:55 Lessons Learned and Future Plans

12:24 Dealing with Party House Issues

15:43 Exploring the Party House Market

16:59 Challenges and Opportunities in Party House Rentals

17:37 Niche Markets: From Party Houses to Love Hotels

19:46 Managing Expectations and Incentives

22:55 Seasonality and Location for Party Houses

24:51 Blackpool: The Ideal Party House Destination?

28:27 Investing in Up-and-Coming Areas

31:17 Conclusion and Final Thoughts