In this episode of the Scottish Property Podcast, we sit down with Michelle Wales, a dynamic entrepreneur in the Scottish property scene. Michelle shares her journey from starting as a property investor.

The discussion delves into the evolution of their property portfolio, the importance of staging in real estate, and the challenges of balancing business growth with personal life. Whether you're a seasoned property investor or just starting, this episode offers valuable insights into the diverse opportunities within the property industry.

Episode Highlights:

• Introduction and Background:

  • Michelle and her husband, Gary, started their property journey in 2019 after formal training.
  • Initially focused on owning a few buy-to-let (BTL) properties, they expanded their portfolio and ventured into short-term rentals (Airbnb).

• Property Investment and Business Evolution:

  • The couple's property journey took unexpected turns, leading Gary to become an estate agent and Michelle to launch a property staging business.
  • They temporarily paused expanding their property portfolio to concentrate on growing their respective businesses.

• Property Staging:

  • Michelle's interest in staging developed as they began furnishing their own rental properties, realising the aesthetic and financial benefits of staging.
  • Property staging has become a valuable service in enhancing the appeal and market value of properties.

• Business Insights:

  • The episode emphasizes the importance of a business mindset in the property industry, whether in investment or related ventures like staging.
  • Trends in interior design and staging are discussed, highlighting their impact on helping potential buyers or renters visualise property potential.

• Challenges and Future Plans:

  • Michelle shares the challenges of balancing business growth with personal life and the ongoing learning process in both property and staging.
  • The couple plans to continue expanding their property portfolio and staging business, with a focus on continuous learning and evolution.

Tune in to gain a deeper understanding of the property industry's multifaceted nature and the unexpected opportunities it can offer.

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