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This week, Mark Winship talks to Tom Lewis, a professional tennis coach who began investing in property so as to provide for his future, so as to diversify his income streams, and most importantly in order to cease trading his precious time for money.

After starting in buy-to-let, Tom now operates one of the most successful service accommodation businesses in the midlands. Tom discusses the ups and downs of SA as a strategy, how to build a power team you can rely upon, and how managing properties for other landlords has allowed him to scale quickly.

KEY TAKEAWAYS

• One of the best ways to maximise your returns on serviced accommodation is to examine the offerings of other providers in your area and identify the markets that are not being served.
• Once your SA business is up and running, another potential revenue stream can come in using your team to manage properties for other landlords.
• If serviced accommodation is your chosen strategy, then it may be wise to focus upon a single area or zone, so as to best ensure that logistically, each property can be served effectively.
• Feedback is not just given on the property itself. An important part of serviced accommodation is the service element. We must make sure the service is memorable and kept to a certain standard.

 BEST MOMENTS

'I began looking to property as something of a pension plan'

'We wanted to be able to have complete control of the experience'

'When you get a rating on Airbnb it's part based on the property and part based on the team'

'It's called serviced accommodation for a reason'

 VALUABLE RESOURCES

This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591      

ABOUT THE SHOW

This Property Life is hosted by the team at Property Wealth System. We are a collective of experienced active investors passionate about all things property.

Mark Winship is an experienced property investor and mentor with a portfolio of HMO and Serviced Accommodation properties across the UK. Mark's background in coaching high performance athletes has lead to a passion for mentoring people to achieve their life goals using property investment as a vehicle.

Caroline Claydon Caroline Claydon has over 22 years experience in investing in property but it's only the last 12 years she's operated as a professional investor.  Her and her husband have built their portfolio throughout the UK covering strategies from buy to let's, social housing, HMOs, developments and more recently a hotel.  She has travelled the world training people for the last 10 years on how to invest, scale and accelerate their UK property businesses regardless of where they are based.   Caroline loves helping people reach their full potential by changing their mindsets to money, debt, property and investing. 

James D'Souza started investing in property from a young age and now owns a significant portfolio of buy-to-let properties, professional HMO's and commercial developments. Whilst actively growing his own property business, James helps countless other people start and scale their own property journey.

CONTACT METHOD

You can join Mark, Caroline and James along with a whole host of other like-minded investors in the Property Wealth System Facebook Community:

https://www.facebook.com/groups/propertywealthcommunity

Mark Email: [email protected]

Mark Linkedin: https://www.linkedin.com/in/mark-winship-68b34833

Caroline Email: [email protected]

Caroline Linkedin: https://www.linkedin.com/in/caroline-claydon-property/

James Email: [email protected]

James Linkedin: https://www.linkedin.com/in/james-d-souza-552342104/

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