Aparthotels & Elite Sport Coaching - with Mark Winship

The Property Nomads Podcast

Property investor Mark Winship of Gateway Accommodation shares his journey from elite sports coaching to property investment. Mark discusses how his background in coaching tennis and performance coaching has influenced his approach to property.

He explains the concept of apart hotels, which are converted guest houses that offer self-catering facilities and automated self-check-in. Mark also shares his experience with planning applications and the importance of building a strong power team.

KEY TAKEAWAYS

• Mark's background in elite sports coaching has influenced his approach to property investment, particularly in terms of goal setting, discipline, and resilience.
• Apart hotels are a type of accommodation that involves converting guest houses or bed and breakfasts into self-contained studios or apartments with self-catering facilities.
• Apart hotels straddle the line between hotels and serviced accommodation, offering a more flexible and modern approach to short to medium-term stays.
• Planning permission may be required for converting properties into apart hotels, but targeting guest houses with existing C1 planning use class can simplify the process.
• Building a strong power team and surrounding oneself with experts in various areas is crucial for success in property investment and management.

BEST MOMENTS

"I think some of it's lacks the substance, like just willing something into existence isn't necessarily going to make it a reality."

"It's about having the right team around you. It's having a power team that you can lean on, that as investors we don't need to know the answers to."

"I think there are lots of opportunities out there. I like it because it's not a crowded market. It's not a particularly competitive market. So there's scope to do some quite creative deals."

"The main ethos is to create a community of like-minded investors who are there to support each other."

VALUABLE RESOURCES

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ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

BOOKS

Property FAQs = https://amzn.to/3MWfcL4

Buy To Let: How To Get Started = https://amzn.to/3genjle

101 Top Property Tips = https://amzn.to/2NxuAQL

WHERE TO FIND US

https://linktr.ee/thepropertynomadspodcast

uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast