Airbnb Blueprint

Diversifying Your Property Portfolio: Commercial Strategies with Wendy Brumwell

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Alex interviews Wendy Brumwell, a former professional figure skater turned commercial property developer. Wendy shares her incredible journey from the ice rink to the boardroom, offering invaluable insights into the world of commercial property development. Wendy's story of resilience, adaptability, and success will inspire you to chase your dreams and think big in the world of real estate.

https://airbnbconsultant.co/ 

KEY TAKEAWAYS

  • Commercial property development can be a game-changer for financial freedom, but it requires education, confidence, and relationship-building with agents to source the best deals.
  • Starting with smaller commercial projects, like shop conversions or barn developments, can be a great way to gain experience and build credibility before tackling larger developments.
  • Diversifying your property portfolio with a mix of cash-flowing strategies (like serviced accommodation) and long-term commercial projects can provide a balanced approach to property investing.
  • Building relationships with agents is crucial in commercial property development, as many lucrative deals never make it to the open market.
  • The mindset and discipline learned from professional sports can be successfully applied to business and property development, as explored in Wendy's book "A Successful State of Mind."
  • Women in business can benefit greatly from networking and support groups, like Wendy's "Ladies Latte" meetups, which provide encouragement, accountability, and valuable connections.
  • Commercial property development projects typically take longer to complete (12-18 months), so it's important to have strategies in place for cash flow during the development process.
  • Mental health and personal challenges are a normal part of the entrepreneurial journey, even for successful individuals, and it's important to acknowledge and work through these issues.

    • BEST MOMENTS 

     "I think for me, when I was at school, I was kind of like doing my school work and I was at school during the day, but then I had no time really to do anything else apart from go to the rink outside of school."

    "I think you almost want a cash flowing strategy and also your commercial running alongside it. And I think that's where there's probably a nice opportunity in like service accommodation combined with commercial."

    "I think we're often kind of limited, aren't we? By our own financial thermostat. But sometimes when we see it from the other side, actually, it's going to be worth it for an investor, for them to invest."

    "I honestly believe that to me, there is absolutely no logical explanation as to why kids right up to leaving high school, don't know what a credit card is, don't know what mortgages are, don't know what cash flow is."

    "I have up and ups and downs in my journey. Like most of us, because, you know, sometimes things go really well. Sometimes they don't, and you know there's kind of things that not just go on in your property and your business world, but also like your, your, your private, your personal and your private life as well."

    ABOUT THE GUEST

     

    HOST BIO

    Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years. 

    This AirBnB Business has allowed each of them to create their own tailor made ‘lifestyle by design’.

    Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.

    CONTACT US

    Facebook - https://www.facebook.com/alex.mannock/ 

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    TikTok - https://www.tiktok.com/@theairbnbnomadspodcast  

    YouTube - https://www.youtube.com/@Lifebeyondbroke/

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    Airbnb BlueprintBy Alex Mannock