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The Business of Property
37 minutes | 4 days ago
Episode 76: Unexpected property strategy
Simon and Stuart start with a chat about a flat they've seen before and what someone else's strategy might be for it. They also discuss what's involved in self managing a tenant change and some property maintenance - including the actual amount of money and time - plus how it could be improved. The discussion this week included: A previous episode about a block of flats. That block of flats. The flat up for auction. Different and unexpected property strategies. BRRR. Self managing a change of tenants - what's involved. Using PaTMa to help with new tenancy paperwork. A long list of maintenance tasks! Considering the costs (time and money) of the process - listen for actual numbers. Using software to track property expenses. Recovering costs of damage from a deposit. Increased costs from tradespeople via agents. What and how much can you outsource in property? How much should you? What a good managing agent will do. Valuing your own time. Improving (VA) processes and integration. Viewber. If you've enjoyed this podcast, please tell someone else about it.
22 minutes | 11 days ago
Episode 75: Applying significant desire
Stuart and Simon cover some recent updates in their property businesses - from renting rooms to issues selling properties and the cost of an EWS1 survey. The chat this week includes: Results from changing letting agent. Advertising on different channels. "Can you put a hot tub in the garden?" Increased rent following a design-led refurbishment. Re-opening lines of communication. Problems two days before exchange! Ground rent doubling every 25 years vs inflation. Mortgage companies "dislike" doubling every 15 years or less. Leasehold reform. Coincidental timing. Three EWS1 quotes and ball-park costs. Please leave us a rating and review if you're enjoying the show.
27 minutes | 18 days ago
Episode 74: As optimistic as reality
Simon and Stuart respond to a request for their thoughts on the next 5 years in the property market - along with reviewing recent price index reports. The discussion this week included: Our recent chat about the property market. Property market reports: Nationwide, Halifax, e.surv, and Hamptons rental index. Chris asked about the next 5 years. Why do we/people try to predict the property market. Focussing on financial fundamentals. "The longer term outlook remains highly uncertain" - Robert Gardner, Nationwide's Chief Economist. We were talking about down valuations six months ago. "It's staggering how much the property market is increasing right now". A lot of regional variation. Income to house price multiples. Article about what might end the crazy property market. Cheap and easy money. Using PaTMa stats to further investigate price changes in the Redhill area. If you've enjoyed this podcast, please tell someone else about it.
34 minutes | 25 days ago
Episode 73: Realities of property investing
Stuart and Simon provide updates on their recent property business experiences. They chat about property maintenance, tradespeople, and knowing your market. The chat this week includes: Tenants leaving. Dealing with leaks and resulting mould. Maintenance, maintenance, maintenance. EICR deadline and electrician availability. Tradespeople availability. Materials availability. EWS1 saga. Beware of your managing agent and your ability, or not, to replace them. Not accepting search indemnity insurance. Changing letting agents. Knowing your market. Benefits of finding your own tenants. Please leave us a rating and review if you're enjoying the show.
35 minutes | a month ago
Episode 72: Going up! Then what?
Simon and Stuart talk about recent news of some unusually high numbers in the property market. The discussion this week included: UK residential transactions in February 2021 is 147,050, 48.5% higher than February 2020. Pressure from the stamp duty holiday vs real market demand. Pandemic effects on the property market. What might the property market look like over the next year. Over 9 million Rightmove visits in a day. How long will the current level of demand last? Lots of local variation in the property market. ROI. Timing the market for your re-mortgage. Zombie mortgages. Look out for standard variable rate! Recycling investment cash. Valuation flukes. Please leave us a rating and review if you're enjoying the show.
30 minutes | a month ago
Episode 71: Tenant demand and witnessed e-signatures
Stuart and Simon chat about their varied experiences with recent tenant demand for rooms and properties they've let. The chat this week includes: A lack of tenants. Choosing your channel to match your market. 13 of 15 new rooms filled. Beating the HMO oversupply around Gatwick. OpenRent and Visum. Crazy single-let demand - nearly 30 enquiries in a week. Perhaps not actually looking for a short term let. Making the most of auto-responses and pre-screening on Visum and OpenRent - but beware! PaTMa. DocuSign's witnessed service - some more details available here. If you've enjoyed this podcast, please tell someone else about it.
23 minutes | 2 months ago
Episode 70: Enjoy your new home without delay
This week Simon and Stuart talk through a recent viewing experience, putting in a low offer, and how basic repairs can disproportionately affect ROI. The discussion this week included: Looking for a new investment property. Taking advantage of an empty house for a Covid-safe viewing. PaTMa property price monitoring. "enjoy your new home without delay". Teardown from viewing a property. Putting in a low offer. Repair work can't be leveraged by an initial mortgage. ROI effects from repair work investment. The advantage of home owners living through repairs. Please get in touch with your recent viewing experiences.
27 minutes | 2 months ago
Episode 69: Holiday let gone wrong!
Stuart and Simon start out this week with a tale about a holiday let that isn't going as planned. This leads the conversation to a past story about council involvement. The chat this week includes: Holiday let gone wrong! Why people want short term lets. Open communication. Trusting people. Council support, or lack of, for evictions. Conflicting council incentives. Wasted public costs and emotional turmoil. Mitigating risk as the start of a tenancy. If you've enjoyed this podcast, please tell someone else about it.
25 minutes | 2 months ago
Episode 68: Stamp duty holiday extension effects
Simon and Stuart discuss what the stamp duty holiday extension means for them and end up telling a tale of new-build woe. Sorry for the lower than normal sound quality. The discussion this week included: Changing plans from the stamp duty holiday extension. House builders hedging their bets. Visiting your new (pre-)build. Seeing the "insides". A troublesome new-build completion tale. Short notice to completion. What are your experiences and effects from the stamp duty holiday? Let us know If you've enjoyed this podcast, please tell someone else about it.
24 minutes | 2 months ago
Episode 67: Selling four properties
This week Stuart and Simon talk about the four properties that Stuart currently has on the market, in various stages of the selling process. Including one property that's a fully tenanted HMO. The chat this week includes: Selling a fully tenanted HMO. Releasing equity to reduce finance burdens. Comparing single dwelling value to fully licensed HMO. Reconfiguring back to a single dwelling. Children cooking! Influence of the street/location on property uses. Offers without viewing. Investing on numbers alone. Reducing revenue to increase business profit percentage. Trying to solve EWS1 problems. Offers accepted. Please leave us a rating and review if you're enjoying the show.
32 minutes | 2 months ago
Episode 66: Starting in property series - evaluating two potential investment properties
Follow along as Simon walks through his thoughts from evaluating two potential investment properties that were recently available at auction. The discussion this week included: Simon's investment criteria. Considering flats (a block of) vs houses. Deep dive into two evaluating two auction properties: Detached house in Redhill - multiple bidders, sold for £278k from a £180k guides. Block of flats in Redhill - one bid, sold for asking at £550k. Using PaTMa to quickly evaluate property investment scenarios. If you've enjoyed this podcast, please tell someone else about it.
46 minutes | 3 months ago
Episode 65: Starting in property series - locations and funding with Pam and Tania, part 2
Pam and Tania continue their recent conversation with Stuart and Simon, with a focus on angel investing and choosing locations. The chat also covers the changing world and property market, along with adapting to cope with it. This is part 2 of the discussion, you can find part 1 here. The chat this week includes: How to find angel investors. Pam & Tania's Deal Diaries. Discussing potential deals. Learning while you earn. Being confident the deal and business are strong enough. It's lovely to understand why people invest. Pam and Tania's location selection strategy. Shoe leather investigations. Benefits of working with others. Similar values rather than similar skills. Demand analysis is hard at the moment. Shifting investment strategies. Distance to train stations. Forced change of tenant type (still the same people). Crawley Property Meet. A wandering goose. Please leave us a rating and review if you're enjoying the show.Special Guests: Pam Mackenzie and Tania Carson.
31 minutes | 3 months ago
Episode 64: Starting in property series - locations and funding with Pam and Tania, part 1
Pam and Tania join Stuart and Simon to chat about how they've very deliberately chosen their investment locations. They also talk about their investment strategy, how they got started and their approaches to funding from external investors. Part 2 of this chat can be found here. The discussion this week included: Choosing investment location deliberately. Demand, transport links, cash flow. Investing with minimal money-in. 5 bedrooms was a game changer. Crawley Property Meet. 5 HMOs in 18 months. Demand going down from oversupply. Keeping your ears open. Never buy a ready made house. On the edge of Article 4. Maximising bedrooms (with windows!). Desperation! Joint venture vs angel financing. Getting the JV balance/structure right. Interest rates for angel investors. If you've enjoyed this podcast, please tell someone else about it.Special Guests: Pam Mackenzie and Tania Carson.
26 minutes | 3 months ago
Episode 63: Starting in property series - Considering funding
Property investment needs money - funds to invest when getting started and also to fuel growth. Simon and Stuart chat about their own considerations and approaches to using external funds for their property investment. The chat this week includes: Being offered money. The stress of other peoples money. Individuals vs banks. Overcoming fears for business growth. Difficult investor conversations. Coping with unexpected change. Friends and family as investors. Requirements from investors. Life savings. Driving faster. If you've enjoyed this podcast, please tell someone else about it.
35 minutes | 3 months ago
Episode 62: Updates - Leaving things to the last moment
Taking a quick break from the getting started in property series, Stuart and Simon run through the latest updates from their property businesses. The discussion this week included: Stuart's design led refurbishment has it's first tenant. View the agent listing here and some photos at the end of this weeks show notes, including the custom artwork. Stuart's Executive Juice podcast. Doubling income from a property. The downward pricing spiral. Reviewing the refurbishment process. Trusting your building team. Falling through. Swallow the frog! Pro-active support from Interbay. Leasehold / managing agent battles. Leasehold reforms. Tenant eviction for a sale. Avoiding viewings to reduce Covid19 risks. Leaving things to the last moment. Please leave us a rating and review if you're enjoying the show. After refurbishment:
39 minutes | 4 months ago
Episode 61: Starting in property series - Inputs and location
Simon and Stuart continue their series on starting in property, this week continuing on being aware of your inputs and moving on to a discussion around choosing your investment location. The chat this week includes: How/why we invested the way we did. Low time commitments. Investment matrix - strategies available from low/medium/high inputs. Utilising external support. Self-refurbishment (with children). Knowledge can collapse the time required. What you're interested in, is another important input. Key learnings slide from Stuart. Considering location Price Knowing the area Tenant types / demand Hotspots Proximity Research (Power!) team Diversification Backup property uses. If you've enjoyed this podcast, please tell someone else about it.
32 minutes | 4 months ago
Episode 60: Starting in property series - Considering your inputs
Stuart and Simon try to look at resources that you need to consider when planning property investment and get a little sidetracked into discussing personal vs limited company ownership of investment property. The discussion this week included: The resources needed to invest in property. Time. Money. Knowledge/expertise/experience. The best knowledge comes through doing. Doing means walking the streets. Using agents, or not. Self listing properties - OpenRent, LettingAProperty, UPad, Visum. Differing costs and effort between buying in personal names or a limited company. Section 24. Tax! Some of the company vs personal tax considerations. Capital Gains Tax rates. Transferring property into a limited company. Please leave us a rating and review if you're enjoying the show.
31 minutes | 4 months ago
Episode 59: Starting in property series - Reasons
Responding to listener feedback, Simon and Stuart are starting a series of discussions about starting property investment. Initially with reasons and why this week, then covering early decisions, processes and even real potential properties. The chat this week includes: Why we chose property. Our property back story, part 1 Our property back story, part 2 A lot of effort for passive income. Property vs stocks and shares. "Imaginary" stocks and shares. Considering property funds. Asset liquidity. Property Partner - as not remembered by Simon. Get rich quick? Getting early cash out. Long-term decision making is better. Long term wealth growth. Property values double every ten years. ROI / Return On Investment. BRR (Buy Refurbish Refinance) has challenges. PaTMa Prospector now includes BRRR scenario calculation. If you've enjoyed this podcast, please tell someone else about it.
24 minutes | 4 months ago
Episode 58: Getting 2021 started
Stuart and Simon are looking ahead to what their 2021 might hold and more specifically how they're getting it started. The discussion this week included: Looking to buy. Simon's property type preference. Considering buying with existing tenants in place. Rent from day one. Considering the risks - with restricted eviction options. Section 21 vs Section 8. ROI / Return On Investment. Calculating ROI. Simon's target ROI. Stuart's yield hurdle. Looking to consolidate. 2021 should be a year with plenty of excitement. Please leave us a rating and review if you're enjoying the show.
19 minutes | 5 months ago
Episode 57: News and reviewing our 2020 goals
This week is a mix of news, updates and reviewing the goals Simon and Stuart set themselves for 2020. The chat this week includes: Welsh stamp duty increase - use the PaTMa buy-to-let profit calculator to see the latest figures. Stamp duty increase for overseas investors. Prime London property as a store of money. Sold! Stuart's design led refurbishment. Financial challenges. We hope you've had an enjoyable Christmas and wish you well for 2021.
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