Investing In Property In Sandbanks: I recently sat down with Laila, founder of the renowned Silverbirch Boutique Letting Agency. We dived deep into the world of luxury properties in the prestigious Sandbanks in Dorset. We spoke about managing high-end rentals for the rich and famous, as well as offering personalised services for discerning clients.
In the video, Laila shared her journey, the unique charm of Sandbanks, and her innovative approach to property letting. If you want to see the full interview, you can find the video at the top of this page or on my YouTube channel. In this article, I will give you 3 tips for investing in property in Sandbanks from Laila’s story.
My mission is to get financial and property education to as many people as possible. If you find this article helpful, please consider sharing it with your friends on social media. With your help, we can spread financial education across the UK and the world.
1. Investing In Property In Sandbanks: Location, Location, Location!
Sandbanks is a luxury market, but even within that market there are different levels of luxury. It is very important to understand the area, right down to the street level. Properties that have beach access and that are located near local amenities are always in high demand, for example. Work to understand the area in detail and ensure you have a honed perception of what high-end renters and holidaymakers value most.
Laila is an expert in the Sandbanks area. She knows what people are looking for, and where demand is the highest. If you are investing in property in Sandbanks, you need to become a local expert too to get the best returns. Study the area and get to know the people, locations, and businesses that call Sandbanks home.
2. Investing In Property In Sandbanks: Long Term Rentals And Serviced Accommodation!
Laila spoke about the importance of having diversified revenue streams. She spoke about how the market can change, and how it is important to be resilient to those changes. Laila has therefore built a portfolio of both long-term tenants and short-term serviced accommodation clients. This allows her to benefit from strong cash-flow, regardless of market conditions.
When investing in property in Sandbanks, consider having a mix of income streams. This will allow you to take advantage of trends in the market, while having consistent revenue from long-term tenants. If you get this right, you will be able to hold strong, even when the competition is struggling.
3. Investing In Property In Sandbanks: Build Relationships With Estate Agents
When investing in property, relationships with estate agents are key. This is particularly true in high-end markets like Sandbanks, because the best properties are not on the market for long! If you can become trusted by local agents, you will be able to find out about deals as soon as they do!
The best way to build a relationship with an agent when investing in property in Sandbanks is to consistently buy with them. Over time, agents that you are loyal to will come to you first with the best deals. Laila has excellent contacts with local estate agents, and has built relationships throughout the Sandbanks community via her luxury letting agency.
Investing In Property In Sandbanks And Across The UK
Do you want to start investing in property in Sandbanks or elsewhere in the UK? Why not learn from a property expert? Join me at my next £1 training event!
On the course, you will learn how to:
-
Become a property investor using other people’s money so that you can get started straight away
-
Utilise the 5 different types of raised finance so that you know exactly what to offer and when
-
Find the perfect properties for the BRRR strategy
-
Recycle your money so that you can ‘rinse and repeat’
-
Build a power team you can trust, so that you can save time and money
-
And much more!
Tickets are only £1, and you can get yours here. If you are ready to take action, I hope to see you very soon!
