Residential Estates are a team of specialist estate agents based in Chester. Today, we are pleased to introduce Paul Winder, an investment consultant, who joins us to discuss the work that Residential Estates do and his role within the company. This interview will be published in segments over the next few weeks and focussed mainly on Paul's core area of expertise which is serviced accommodation and how investors can work with and profit from that property investment model.
Paul Winder From Residential Estates
Robert Jones: Hello and welcome. I'm Rob, director of Property Investments UK. In today's interview, we are going to be discussing how to invest in serviced residences in the UK and by the end of all of this, we hope to have put together something that will perform as a complete guide to how that investment model is put together.
Firstly, I am very pleased to introduce Paul, an investment consultant, specialising in serviced accommodation from Residential Estates in Chester who is here to help us understand this all works. Hello Paul.
Paul Winder: Hello.
Robert Jones: So, coming up in this series we're going to be looking at exactly what serviced accommodation is, how to find properties that suit that model, what to consider, what to expect, how to structure those deals and a whole lot more.
We, at Property Investments UK, have been working with Residential Estates for the last year and I'm pleased to say we've had some pretty big wins with the portfolios we've been working on.
I should say, at this point, that Residential Estates do not just work with serviced accommodation, far from it. But Paul is going to be the best person to give you an insight into that.
Paul Winder: Residential Estates was formed, many moons ago, as a lettings agency and moved into the serviced accommodation sector in around 2008. We saw a lot of potential in it but also, with the market going down at that time, we knew we had to pivot a little from lettings to investment.
Currently, we look after resale and lettings for domestic properties, normal residences and serviced accommodation in Chester, Manchester and down to Luton. We also specialise in investment properties for investors of all stripes.
Robert Jones: The serviced accommodation model is quite unique and separate though, isn't it? Certainly, it stands out in terms of the returns that investors can make from using it.
Paul Winder: It is. It's very different from other property investment models.
Robert Jones: Thank you, Paul.
Stay tuned. Over the next few weeks, we will have another fifteen articles where Paul and I will discuss the work of Residential Estates, his role in that company and the benefits (and the downsides) of investing in the serviced accommodation model.