I hear a lot of complaints about landlords and buy to let investors.
The amount of hatred that goes out to these folks who are providing much needed housing is astounding.
Talk about biting the hand the feeds you.
But the continual harassment of buy to let landlords isn't helping tenants in the long run.
It's driving landlords out, which means less property to rent which means prices are rising.
Take a listen, and see what you think,
Property Sourcing is very popular these days.
But whats the most efficient way to source a deal, and whats the most efficient way to sell a deal ?
Take a listen.
Self investment and self development is vital if you want to keep moving forward.
This podcast was recorded via Facebook Live after a weekend in London watching Grant Cardone.
A thoroughly enjoyable weekend (that literally took 14 hours of travelling to get from Stansted to Spain!) and a great reminder of how far one has come compared with when I first started 20 years ago.
Oh, and some examples of 'sheepage' (Yes, Ive made that word up - but it's people acting though 'sheep like')
Take a listen.
The 'Serviced Apartment' business model is a relatively 'new' model (although we were doing these around 12 years ago before AirBnB).
According to Wikipedia, a serviced apartment (also known as a service apartment or an extended stayapartment) is a fully furnished apartment available for short-term or long-term stay, providing hotel-like amenities such as room service, house keeping, a fitness center, a laundry room, and a rec room.
The issue is that they're being marketed as the latest and greatest way to get into property. And whilst I would agree they are a business model that can generate a lot of cash quickly, I have concerns over the longevity of this business model.
More so because recently in London, they have been given a maximum of 90 days lettings only.
Take a listen and see what you think.
Yep - you can systemise it, and we've done a great job of it (running it from the villa in Spain)
But I still have to be the one to make the decision as to buying a new boiler or repair, to evict the dickhead tenant (no dickheads allowed, but we cant put it in the clause unfortunately), or which handyman to recruit into the system we use.
It's not passive. Or it is. Like driving a car is passive.
Or a better example, getting on an airplane is probably a better way of putting it.
You see to get on the plane you have to go through all the checks. And while yes once you;re on the plane you can sit back and relax and let those miles roll in - you still have to pee, and follow the rules, and evict the dickhead in the wrong seat (remember our no dickhead rule?)
Anyway - I think I may be taking the example too far
1. Property isnt passive (unless you literally buy a hands off 'armchair investment' with full management and someone ELSE makes the decisions (If you're in an armchair investment and you still have to say 'yay' or 'nay' to the boiler - it ain't passive buddy)
2. employ the no dickhead rule with your tenants.
3. Understand what you're buying. If you're buying a property to rent out then go and a goddam training course for f'cks sake. I'm fed up with explaining why you cant just walk into a property just because you own it. This goes for letting agents.
We had a tenant who had to put a chair under the door handle as the letting agent kept coming iin - she was in the shower once.
Passive income DOES exist. It's just not in buy to let, rent to rent or serviced accomodation. There's work involved.
Know what you're buying.
In this hour long podcast, I interview Property Entrepreneur Barry Davies about his rise to wealth through property investing in the UK.
I ask him about his 3 tips for getting results (which you can apply to anything you want to get results in), we discuss some of the pitfalls to avoid and he describes how he went from no money left to how his top 5 properties earn him a whopping 6 figure income each year. He's done this in a relatively short space of time.