Over the years I’ve appointed many managing agents across my various buy to let portfolios, and one thing I’ve noticed is that some understand building construction and building defects, but many don’t. And those that don’t often give what I consider to be crazy advice (when it comes to repairs and the cost…
One of the many things I’ve learned over the last 40 years in property, and 25 years in buy to let, is that having the right systems and processes in place can save a lot of time, and potentially a lot of money, even if there’s some initial investment to get the system set…
Property is a people business. So it follows that Buy to Let property investing is also a people business. If you are more ‘details minded’, and like to think of property investment success in terms of a ‘formula’, this will be frustrating. The reason why a ‘formula’ would almost certainly never work (completely) is because,…
This is one of the main misconceptions in property: that great deals are found. Yes, it’s true you may stumble across a great deal from time to time. But much more likely is that you’ll find a property (deal) which doesn’t quite work, and you’ll tweak it and make it work. …
After I was made redundant, I spent many years working on my own, as a classic “solo-preneur” building my buy to let, property investment business. I then found the power of working with other people. But, if I am to be totally honest, I don’t enjoy working with people all that much. It has…
Fashions come and go in property as in any other part of the economy. Over the last 40 years we’ve seen Irish theme pubs, Internet cafes, the rise of coffee shops and Self storage facilities, and so on and so forth. And at the same time we’ve seen the demise of the…
If you want a quiet life, then property probably isn’t for you. The reality is, if you want to be successful in property investing, whether that’s in Buy to let, HMOs, SA, Flips or even Commercial Conversions, you need to be able to solve problems. In a simplistic sense it’s your ability…
Is the Private Rental Sector Losing Landlords? Since December 2021, we’ve been hearing a lot about landlords exiting the Private Rental Sector. The narrative goes that rising interest rates, increased mortgages, and political factors have led to this trend. But is this really the case? According to analysis conducted by estate agents…
Who is the most important member of your power team? Well, on the basis that you won’t do many deals if you don’t have any money, I’d have to say it is your mortgage broker. But be aware that not all mortgage brokers are the same. Some are very good, and…
There’s one thing we all need to do, but not everyone wants to do it. I’m ashamed to say, I’m one of them or, at least, I find it hard to do. What is it? It’s setting goals. Like it or not, whatever you want to achieve (in property or in…