DiscoverThe Business of Property
The Business of Property
Claim Ownership

The Business of Property

Author: The Business of Property

Subscribed: 23Played: 364
Share

Description

The Business of Property follows the journey of two entrepreneurs working in the property world.
Stuart is a property investor with a focus on HMOs, mostly for the student market. He prefers a hands-off approach with most of his investment properties being remote.
Simon has a small portfolio of vanilla buy-to-let properties that he mostly self-manages. To make his property management easier he created Property and Tenant Manager (https://www.patma.co.uk/).
Simon and Stuart, along with guests, discuss the ups and downs they're experiencing in their property businesses. Along the way they share property news, business tips and anything else that happens to crop up their weekly chats.
Popular episodes include:
Getting started in property (https://www.thebusinessofproperty.com/59) - the first in a mini series discussing topics to consider when starting in property investment.
Property investment terms (https://www.thebusinessofproperty.com/12) - great if you're just getting started in property and need some help understanding the common jargon.
Property strategy terms (https://www.thebusinessofproperty.com/13) - another jargon busting episode that's great if you're early in your property journey or considering changing your property strategy.
Less property but relevant to everyone is a discussion on time management (https://www.thebusinessofproperty.com/10).
Last but not least are a couple of episodes that talk about angel investing (https://www.thebusinessofproperty.com/14) and property finance (https://www.thebusinessofproperty.com/15) more widely.
81 Episodes
Reverse
Simon and Stuart are covering a couple of pieces of property news this week. They introduce Rent Repayment Orders and chat about an article covering recent court cases; then talk about the latest changes to Section 21 based evictions. The chat this week includes: * Rent Repayment Orders (RRO) (https://en.wikipedia.org/wiki/Rent_Repayment_Order). * Replacing your salary with rent-to-rent (https://www.thebusinessofproperty.com/80). * Some recent RRO court cases (https://nearlylegal.co.uk/2021/05/the-inferno-of-the-private-rental-sector/). * Crazy things dodgy landlords and rent-to-rent operators do! * Are you the legal owner? * Agents can't absolve your legal liability. * Right to rent (https://www.gov.uk/check-tenant-right-to-rent-documents). * The Tsunami of evictions (https://www.thebusinessofproperty.com/46) is active! * Changes to Section 21 eviction notice periods. * Section 21 validity flow chart (https://nearlylegal.co.uk/section-21-flowchart/). * Stuart's current Section 21 experience. * The principle vs practical effort and cost. * The eviction process takes so much time and effort. * Life's too short. Please leave us a rating and review if you're enjoying the show.
Stuart and Simon take a realistic look at the numbers involved in creating a rent-to-rent (R2R) property portfolio designed to replace your salary. They answer questions such as "What capital do you need?" and "How long will it take?". The discussion this week includes: * Are Stuart and Simon trying to replace their salary? * The average UK salary. * Why replace your salary - what would it mean to you? * Multi-million pound portfolios. * Income from a typical / example rent-to-rent property. * Costs to setup a rent-to-rent property. * Don't forget the time (and work) involved to get started. * It's going to take longer than you think! If you've enjoyed this podcast, please tell someone else about it.
Listen in this week for (yet more) chat about flats in Redhill and investments outside property, including an adventure in cryptocurrency investment! The chat this week includes: * A previous episode about a block of flats (and a spreadsheet) (https://www.thebusinessofproperty.com/77). * That block of flats (https://auctions.allsop.co.uk/lot-overview/investment-freehold-semidetached-building-in-redhill/r210216-025). * The flat up for auction (again) (https://www.barnardmarcusauctions.co.uk/auctions/18-may-2021/303123/). * Leasehold reform. * Extending a lease. * Returns from freehold block investment. * Investments outside property. * The Landlord reports on his cryptocurrency journey (https://www.propertyinvestmentproject.co.uk/blog/property-vs-bitcoin-cryptocurrency/). * Volatility of cryptocurrencies. Please leave us a rating and review if you're enjoying the show.
Join Stuart and Simon for another updates episode - chatting about the latest ups, downs and changes in their property businesses. The discussion this week included: * Stuart's bad news. * Continuing from our last updates episode (https://www.thebusinessofproperty.com/75). * Making the hard phone calls. * The pain is the lost time. * PaTMa property price history browser extension (https://www.patma.co.uk/page/property-tools-browser-extensions/). * How many viewings in two weeks? * Getting agents attention in a hot market. * You can also sell privately with Visum (https://www.visum.co.uk/). * The benefit of agents. * A great studio flat in Kingston (https://www.rightmove.co.uk/properties/94671296#/). * Slow valuations. * Investment options on a block of flats (https://www.thebusinessofproperty.com/77). * Recruiting an admin assistant. * The Government Kickstart scheme (https://www.gov.uk/guidance/apply-for-a-kickstart-scheme-grant). * Software to manage property (https://www.patma.co.uk/property-manager/). If you've enjoyed this podcast, please tell someone else about it.
Simon and Stuart have made a property investment spreadsheet! Follow the link in the notes to have a look. Then listen for a full walk through and analysis of the investment scenarios. The chat this week includes: * A previous episode about a block of flats (https://www.thebusinessofproperty.com/66). * That block of flats (https://auctions.allsop.co.uk/lot-overview/investment-freehold-semidetached-building-in-redhill/r210216-025). * The flat up for auction (https://mchughandco.com/Auctions/Details.aspx?aid=1142&pid=786c0f41-cc20-4a71-9b78-65e9a4acf55e). * (No these notes aren't just a duplicate of last week (https://www.thebusinessofproperty.com/76)!) * Investment scenarios spreadsheet (https://docs.google.com/spreadsheets/d/1uPN7dtrD79qHs2jv7-7DXjjSkkO13XCOPiV6L_Xy80o/edit?usp=sharing). * Explaining someone else's spreadsheet is harder than it looks! * Follow along a step by step investment scenario spreadsheet walk-through - spreadsheet here (https://docs.google.com/spreadsheets/d/1uPN7dtrD79qHs2jv7-7DXjjSkkO13XCOPiV6L_Xy80o/edit?usp=sharing). * Rental cover (https://docs.patma.co.uk/glossary/rental-cover/). * Jam today or jam tomorrow. * Knowing your own objectives. * Thinking about what we want. * The spreadsheet (again) (https://docs.google.com/spreadsheets/d/1uPN7dtrD79qHs2jv7-7DXjjSkkO13XCOPiV6L_Xy80o/edit?usp=sharing). Please leave us a rating and review if you're enjoying the show.
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 (https://www.thebusinessofproperty.com/66). * That block of flats (https://auctions.allsop.co.uk/lot-overview/investment-freehold-semidetached-building-in-redhill/r210216-025). * The flat up for auction (https://mchughandco.com/Auctions/Details.aspx?aid=1142&pid=786c0f41-cc20-4a71-9b78-65e9a4acf55e). * Different and unexpected property strategies. * BRRR (https://blog.patma.co.uk/2021/03/property-investment-strategies-revealed-buy-refurbish-refinance-rent/). * Self managing a change of tenants - what's involved. * Using PaTMa to help with new tenancy paperwork (https://blog.patma.co.uk/2018/11/feature-focus-new-tenancy-checklist/). * 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 (https://www.patma.co.uk/property-manager/). * 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 (https://viewber.co.uk/). If you've enjoyed this podcast, please tell someone else about it.
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 (https://www.thebusinessofproperty.com/37). * 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.
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 (https://www.thebusinessofproperty.com/72). * Property market reports: Nationwide (https://www.nationwide.co.uk/about/house-price-index/report-archive#xtab:2021), Halifax (https://www.halifax.co.uk/media-centre/house-price-index.html), e.surv (http://www.acadata.co.uk/assets/uploads/2021/04/e.surv-Acadata-House-Price-Index-England-and-Wales-March-2021.pdf), and Hamptons rental index (https://www.hamptons.co.uk/research/articles/rental-divide/). * Chris asked about the next 5 years (https://twitter.com/Art_Of_Property/status/1382705412751917067). * 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 (https://www.thebusinessofproperty.com/51) 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 (https://propertyinsider.info/this-crazy-property-market-how-long-will-it-last/). * Cheap and easy money. * Using PaTMa (https://www.patma.co.uk/) stats to further investigate price changes in the Redhill area. If you've enjoyed this podcast, please tell someone else about it.
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 (https://www.thebusinessofproperty.com/39). * 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.
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 (https://www.gov.uk/government/statistics/monthly-property-transactions-completed-in-the-uk-with-value-40000-or-above/uk-monthly-property-transactions-commentary). * 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 (https://www.rightmove.co.uk/press-centre/busiest-ever-day-as-buyers-rush-to-make-use-of-stamp-duty-holiday-5-deposits/). * How long will the current level of demand last? * Lots of local variation in the property market. * ROI (https://docs.patma.co.uk/glossary/buy-to-let-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.
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 (https://www.openrent.co.uk/) and Visum (https://www.visum.co.uk/). * Crazy single-let demand - nearly 30 enquiries in a week. * Perhaps not actually looking for a short term let (https://www.thebusinessofproperty.com/69). * Making the most of auto-responses and pre-screening on Visum and OpenRent - but beware! * PaTMa (https://www.patma.co.uk/). * DocuSign's witnessed service (https://www.docusign.co.uk/electronic-signature-witnessing) - some more details available here (https://www.docusign.co.uk/blog/everything-you-need-to-know-about-electronic-witnessing-agreements). If you've enjoyed this podcast, please tell someone else about it.
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 (https://www.patma.co.uk/property-prospector/). * "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 (https://docs.patma.co.uk/glossary/buy-to-let-roi/) effects from repair work investment. * The advantage of home owners living through repairs. Please get in touch (https://www.thebusinessofproperty.com/contact) with your recent viewing experiences.
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.
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 (https://www.thebusinessofproperty.com/contact) If you've enjoyed this podcast, please tell someone else about it.
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.
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 (https://mchughandco.com/Auctions/Details.aspx?aid=1141&pid=148a868c-bbe3-437c-959e-0ce17a8b316b) - multiple bidders, sold for £278k from a £180k guide. * Block of flats in Redhill (https://auctions.allsop.co.uk/lot-overview/investment-freehold-semidetached-building-in-redhill/r210216-025) - one bid, sold for asking at £550k. * Using PaTMa to quickly evaluate property investment scenarios (https://www.patma.co.uk/property-prospector/). If you've enjoyed this podcast, please tell someone else about it.
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 (https://www.thebusinessofproperty.com/64). The chat this week includes: * How to find angel investors. * Pam & Tania's Deal Diaries (https://www.facebook.com/groups/191836064905248). * 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 (http://www.crawleypropertymeet.com/). * A wandering goose. Please leave us a rating and review if you're enjoying the show. Special Guests: Pam Mackenzie and Tania Carson.
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 (https://www.thebusinessofproperty.com/65). 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 (http://www.crawleypropertymeet.com/). * 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.
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.
Taking a quick break from the getting started in property (https://www.thebusinessofproperty.com/59) 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 (https://www.dclane.co.uk/property/residential/for-rent/devon/plymouth/mutley/lisson-grove/30317619) and some photos at the end of this weeks show notes, including the custom artwork. * Stuart's Executive Juice (https://executivejuice.com/) 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 (https://www.interbay.co.uk/). * Leasehold / managing agent battles. * Leasehold reforms (https://commonslibrary.parliament.uk/leasehold-reform-in-england-and-wales/). * 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: HMO artwork https://files.fireside.fm/file/fireside-uploads/images/4/4a645fba-0a8c-45c3-8a71-d0ae7c83b867/Kgb9RajU.jpg (https://files.fireside.fm/file/fireside-uploads/images/4/4a645fba-0a8c-45c3-8a71-d0ae7c83b867/Kgb9RajU.jpg) HMO artwork https://files.fireside.fm/file/fireside-uploads/images/4/4a645fba-0a8c-45c3-8a71-d0ae7c83b867/hoJeYcx6.jpg (https://files.fireside.fm/file/fireside-uploads/images/4/4a645fba-0a8c-45c3-8a71-d0ae7c83b867/hoJeYcx6.jpg) HMO artwork https://files.fireside.fm/file/fireside-uploads/images/4/4a645fba-0a8c-45c3-8a71-d0ae7c83b867/9Xh2egRo.jpg (https://files.fireside.fm/file/fireside-uploads/images/4/4a645fba-0a8c-45c3-8a71-d0ae7c83b867/9Xh2egRo.jpg)
loading
Comments 
Download from Google Play
Download from App Store