The Business of Property
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.
Episodes
May 1, 2024 • 21 mins
In the latest episode of the Business of Property podcast, host Simon delves into his process for evaluating properties from his desktop. He shares valuable insights on assessing floor plans, scrutinizing photos, and the benefits of virtual tours for a better grasp of a property's layout and condition. Simon also discusses using Google Street View and Maps to understand the property's surroundings and highlights the importance of r...
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April 24, 2024 • 44 mins
In the latest episode of the Business of Property podcast, host Simon is joined by Stuart French, co-owner of Pineapple Group. Stuart imparts his expertise on navigating the myriad of challenges in the property investment landscape, from tax hurdles to financial planning and property management.
Stuart's journey in property investment is nothing short of inspiring. Imagine achieving an infinite return on your first property invest...
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April 17, 2024 • 37 mins
Host Simon is joined by Simon Glastonbury, a seasoned independent mortgage broker. They note an uptick in available properties but a corresponding dip in buyer urgency, and round-up the latest mortgage rates.
They delve into the nuances of the UK property market, noting an uptick in available properties but a corresponding dip in buyer urgency, which may lead to transaction delays. Simon G sheds light on the high fall-through rates...
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April 10, 2024 • 38 mins
In this insightful episode of the Business of Property podcast, Simon chats with Philip Mallourides, a seasoned property investor, to unravel his unique property journey from rent-to-rent (before it was) to blocks of auction purchased flats.
Philip recounts how he inadvertently became a landlord in 1996, a move encouraged by market conditions. He shares his early experiences in property management and the evolution of the rent-to-r...
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April 3, 2024 • 35 mins
In this episode of The Business of Property podcast, co-hosts Simon and Stuart delve into the realities of managing property businesses.
Stuart reflects on the lessons learned throughout his property journey so far. The discussion provides valuable insights into the challenges and successes of running a property business, as shared by Stuart from his personal experience.
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March 27, 2024 • 25 mins
In this episode of the Business of Property podcast, co-hosts Stuart and Simon engage in a lively debate about the meaning of a "real property business".
Simon presents a scenario where a property business makes a loss initially due to investment and maintenance costs but still generates income through rentals. Stuart stresses the importance of real-world profitability and is sceptical about a business that only shows a 5.1% return...
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March 20, 2024 • 28 mins
Simon and Stuart engage in a detailed conversation about the complexities of managing a diverse property portfolio.
They discuss the unique challenges that come with different types of properties, such as buy-to-let, commercial spaces, serviced accommodation, and HMOs. They stress the importance of having a clear strategy and understanding what 'freedom' and 'legacy' mean to you, and within the realm of property investment. Stuart ...
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March 13, 2024 • 33 mins
In this episode, Stuart, Simon, and resident mortgage broker Simon Glastonbury discuss the recent budget's impact on property businesses.
They cover the VAT threshold increase, the capital gains tax reduction for property sellers, and the decrease in the tax-free allowance. Stuart welcomes tax reductions, while Simon Glastonbury highlights how the lower allowance might negate tax rate benefits for some. They address the budget's ef...
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March 6, 2024 • 21 mins
Stuart and Simon delve into the UK house price index, discussing its meaning for the property market and examining regional price variations.
They note a slight national decrease in property prices but highlight significant regional disparities. Personal anecdotes from Simon and Stuart reveal a more complex market situation than the statistics suggest, with properties still attracting offers near or above the asking price. The conv...
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February 28, 2024 • 17 mins
Stuart and Simon explore the financial journey of Simon's property business.
They start with the 2016-2017 tax year, where Simon's three buy-to-let properties yielded £36,000 in revenue and £29,000 in pre-tax profit. The conversation then covers the challenges posed by Section 24, which affected mortgage interest tax relief, increasing costs and reducing profits. Despite this, Simon remains focused on the long-term advantages of pr...
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February 21, 2024 • 33 mins
Stuart and Simon share strategies for landlords on finding and selecting tenants for rental properties.
They discuss the importance of preparing the property, taking quality photos, and writing effective listings. They explore options for advertising on rental portals and the benefits of self-managing the process versus using agents. The duo also talks about using automated emails to screen enquiries and the use of software to grad...
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February 14, 2024 • 20 mins
Simon and Stuart discuss the significant growth of Stuart's property business over four years, focusing on revenue and strategic shifts, particularly the move into the rent-to-rent market. Stuart shares his initial challenges and the evolution of his business from a £10,000 monthly revenue to a projected £35,000, emphasizing the importance of profitability, not just revenue. They reflect on the journey's lessons, the importance of ...
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In this episode of the Business of Property podcast, Stuart, Simon and Simon discuss the Bank of England's decision to maintain the base rate and the impact on the mortgage market. They highlight recent rate drops, plus the rise in some lenders' rates! Not to mention the significant fees associated with mortgages and their effect on LTV. The conversation also covers the quiet state of the market, with fewer people seeking mortgage ...
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January 31, 2024 • 26 mins
In this episode, Simon and Stuart explore the importance of aligning property strategies with personal preferences and strengths when growing a property business. Stuart shares his experience with HMOs and the necessity of adaptability, while Simon reflects on his slow, steady approach to building a property portfolio. They conclude that the best strategy is... (you'll need to listen!).
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January 24, 2024 • 31 mins
In this episode Stuart and Simon interview Luke Blakemore. Luke shares his journey from starting with buy-to-let properties to engaging in larger development projects. He discusses the importance of using investors' money wisely, ensuring a minimum 20% return, and building a trustworthy team. Despite challenges like problematic builders and the COVID-19 lockdown, Luke and his partner have successfully grown their portfolio. The epi...
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January 17, 2024 • 20 mins
Stuart and Simon discuss strategies for managing mortgages, as fixed rates come to an end. They emphasize the importance of tracking end dates, exploring options with current lenders or other banks, and understanding the long-term effects of fees and interest rates on mortgages.
They advise against waiting for lower rates and suggest using tools to monitor mortgage details. They also highlight the flexibility borrowers have in lock...
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January 10, 2024 • 22 mins
Stuart and Simon explore reasons for selling, such as releasing capital or divesting mismatched properties, and the financial implications, including tax considerations for personal versus company-owned properties.
They delve into challenges in property valuation, market unpredictability, and the importance of flexibility in decision-making. Consider your unique situations when deciding to sell, especially that putting a property o...
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January 3, 2024 • 36 mins
Special guest Julia Scoville joins Simon and Stuart to talk about her approach to starting, scaling and selling her specialist HMO lettings agency.
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The property talk this week includes:
* Why start an HMO letting agency?
* Learn from the corporate world.
* Managing HMO relationships.
* Being a mum to tenants!
* Packaging a business for a sale.
* Li...
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December 27, 2023 • 20 mins
Stuart and Simon review their 2023 predictions on the Bank of England base rate, mortgage rates and house prices.
Join our email newsletter (http://eepurl.com/icl-1f) for extra, exclusive resources.
The property talk this week includes:
* Our 2023 predictions episode (https://www.thebusinessofproperty.com/165).
* Base rate prediction vs reality (https://www.bankofengland.co.uk/boeapps/database/Bank-Rate.asp)
* BTL rates (https://ww...
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December 20, 2023 • 25 mins
Simon and Stuart discuss the practicality of using a limited company for property investments - tax, mortgages, and capital investment.
Join our email newsletter (http://eepurl.com/icl-1f) for extra, exclusive resources.
The property talk this week includes:
* Simon's last investment (https://www.thebusinessofproperty.com/180).
* Setting up a company is easy, direct on the government site (https://www.gov.uk/set-up-limited-company)...
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