Short Term Social Housing with Bronwen Vearncombe

The Property Nomads Podcast

Rob is with Bronwen Vearncombe who discusses the niche and very successful property strategy that she invests in.

Short term social housing provides a roof over someone’s head in an emergency situation from a week to several months depending on the particular circumstances.

Bronwen shares the business model she has developed and explains why getting involved in providing social housing can be very worthwhile for everyone involved if you know how to approach it and what you can offer that will make a difference.

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KEY TAKEAWAYS

• Local authorities have a demand for this type of short term let.
• Look at large bed and breakfast type properties and alongside this do your research about the demand.
• A purchase lease can be a good strategy for this type of purchase.
• It’s a commercial trading business and the property is commercial.
• It’s a transactional relationship and the council is our customer.
• We have a live-in manager on site and there are cooking facilities available.
• Our costs include cleaning and ongoing maintenance and this is a significant amount
• Providing a practical home instead of hostel-type accommodation has proved very successful.
• People are able to successfully move through short term temporary housing and onto longer-term solutions.
• It’s providing a service that is very much needed.
• The positives outweigh the negatives and any occasional issues are supported by the local authority.

BEST MOMENTS

‘We have driven and implemented significant change in the properties’

‘We wanted to house people in a decent way’

‘It’s not going to be a person’s home but it can be a practical and decent step along the way’

VALUABLE RESOURCES

The Property Nomads Website

https://podcasts.apple.com/gb/podcast/the-property-nomads-podcast/id1440016017

The Property Nomads - Stitcher

Buy To Let: How To Get Started – By Rob Smallbone (Amazon)

101 Top Property Tips Rob Smallbone, Aaron Devoy

Property Investing Foundation

Bronwen’s Facebook Page - https://www.facebook.com/propinvfoundation

Email Bronwen at [e-mail]

Bronwen Vearncombe LinkedIn

ABOUT THE HOST

Rob Smallbone the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?

Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business and life and to inspire you to achieve your goals, dreams and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.

Buckle up, sit tight and enjoy the ride that is life.

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