YouTube video (Mark Simpson, Feb 24, 2023) advising hospitality/property investors on common mistakes. Emphasizes a pervasive misconception that one can randomly pick properties or rely on roles (arbitrage, property manager, co-host) to avoid due diligence. Stresses geographic micro-variation in returns — even properties on the same street in London can produce very different outcomes.
What are the most common mistakes that you could say you see across the board? I think number one is people think that they can just throw a dart at the map and invest into a property. When I say that everybody's in a default. Oh well, I arbitrage or I'm a property manager or I'm a co host so I don't have to worry about that bullshit. I mean there's pockets of London, London's a big, a big city and there's pockets that are going to produce one property on the same street can do completely different returns. Right. And that's what people don't understand.
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