Michael Andrews

Company name 

Capital Places

Profession

Short term let property management

Power group

Property

Our story

Capital Places was set up in 2013 by myself and Seth Ward. The concept of short-term letting struck us when one of our housemates moved out of our house. We were able to rent the room out on a nightly basis for far more than we would have got from a conventional long-term tenancy agreement. From there the company grew to have properties in Birmingham, London & Paris. We were able to attract around £100K investment to grow the business. The company started off doing corporate sub-lets of properties, but it soon became apparent that that business model was untenable. The company pivoted, with the help of BNI, into property management and joint ventures with property owners, sellers & agents. The company is now steadily growing its portfolio of properties and working in conjunction with complimentary service providers to provide a 360 24/7 service to our guests and homeowners.

What we bring to the table 

We offer our clients a comprehensive service and insurance for the biggest asset in their life. We allow them to make money from their home, when it would be otherwise costing them money. Our insurance cover is specialised for short-term lets and offers peace of mind to our property owning partners.

About me

Likes: Networking, SCUBA Diving, Rugby League, Cycling

Dislikes: Negative individuals who only offer problems without possible solutions

One thing you might not know about me

I was a producer on the original Sky One flagship series ‘An Idiot Abroad’

What word or phrase best sums you up ?

Holding a sense of wonder allows one to seize opportunities as they arrive.

What’s your greatest achievement to date

Singlehandedly rescuing the property company from ruin and bringing it to stable profitability

Quick fire questions:

How long have you been a BNI member? 

Since October 2015

What does your company do?

Our company offers property management solution for owners in need of flexible short to medium term management.

What is your job title?

Head of Business Marketing & Operations

What does your role entail, in a nutshell? 

I acquire new properties and foster relations with agents who can be a great source of properties. I also manage the day to day running of the company.

Why did you decide to take that direction?

It is currently the most cost efficient way of managing and growing the company.

Why did you join BNI?

I joined BNI to invigorate our newly pivoted property business.

What has BNI done for you? 

BNI has been the catalyst for a transformation of my business. It has shown me how best to network effectively. It’s also brought me some firm friends.

Any pearls of wisdom for fellow entrepreneurs / Business Professionals? 

In the words of Sir Winston Churchill: if you’re going through hell, keep going.