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Understanding the Challenges and Opportunities of Party Houses with Patricia Kilty

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.

Time Stamps

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

65: The Council Closed Down My Serviced Accommodation!

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