The Business of Property

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 18, 2022 31 min

Simon has been out viewing houses - this week he's chatting to Stuart about the viewing process with Strike and Purple Bricks. Plus his verdict on the two properties themselves (as potential buy-to-let investments).

The discussion this week includes:

  • Strike.
  • Purple Bricks.
  • Viewings with "online" agents.
  • We previously talked about the experience of arranging viewings with Strike and Purple Bricks.
  • Visum.
  • Property 1.
  • Property...
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    Property doesn't always go smoothly and this week Stuart and Simon are chatting about a long running sale attempt, taking drastic measures and refocusing.

    The chat this week includes:

  • Pulling out of a sale.
  • Reasons behind the sale.
  • Back to rental.
  • Visum.
  • First come first served in such a hot rental market.
  • Bills-inclusive at the moment?
  • Being open with prospective tenants.
  • The future is uncertain.
  • Find us on Twitter or LinkedIn: Stua...
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    The good, the bad and the ugly of recent estate agent experiences! Simon and Stuart chat about a few of their recent interactions with estate agents as they try to buy properties.

    The discussion this week includes:

  • Estate agent experiences from a buyer perspective:
  • Strike
  • Purple Bricks
  • Local agents
  • Comparing with commercial agents.
  • Market conditions for letting agents.
  • Find us on Twitter or LinkedIn: Stuart, Simon.
  • Please leave us a...

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    Stuart and Simon are taking on the 18-year property cycle! Does it matter and how should/is it affecting their investment plans.

    The chat this week includes:

  • Car parts (bear with us)!
  • The need to take charge of situations.
  • Fred Harrison (Not Frank, sorry Stuart mis-spoke).
  • The 18-year property cycle.
  • Property Hub recently talked about the 18-year cycle.
  • How we view the 18-year property cycle.
  • Property is (mostly) long-term.
  • Digging int...
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    Simon and Stuart are talking about fraud and rent-to-rent this week - two things that some people have linked but are actually very distinct.

    The discussion this week includes:

  • Should fraudsters be considered business people?
  • More details on some of the fraud we're discussing can be found here and here.
  • 30% interest rates.
  • Large amounts of money.
  • Do due diligence!
  • Paying rent late (and hampers).
  • Gauranteed rent from traditional age...
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    Stuart has been exploring online auctions as a way to purchase his next deal. This week he chats with Simon about his most recent experience, and the properties that took him there.

    The chat this week includes:

  • Interesting auction properties.
  • Viewing with care!
  • A wonky house and another.
  • An online auction experience.
  • Pre-auction registration by Essential Information Group.
  • We chatted with David from EIG.
  • Auction spying!
  • Overall auction ...
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    This week is all about measuring your property returns. Stuart and Simon are chatting about the metrics they use, with a focus on ROE and ROCE.

    The discussion this week includes:

  • Return on Equity (ROE) is now shown in Property Manager.
  • Some property terms defined in episode 12.
  • Simon had trouble with rent.
  • How to calculate ROE.
  • Return on Investment (ROI).
  • How to calculate ROCE.
  • Estimating a property value.
  • Rightmove sold prices.
  • Mousepri...
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    March 30, 2022 26 min

    Simon and Stuart are talking about their recent property headaches - maintenance and mortgages are the main focus of their ranting!

    The chat this week includes:

  • Boiler trouble.
  • Plumber trouble.
  • Parts trouble.
  • Alpha do fixed price boiler repairs.
  • It's worth having backups!
  • Further borrowing with a hurdle or two.
  • HMO planning permission in an Article 4 area.
  • PaTMa provides licensing and article 4 data across England.
  • Certificate of law...
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    March 23, 2022 25 min

    The Expat Property Guy joins Stuart and Simon for a chat about buying in Hong Kong as well as buying remotely back in the UK. Make sure you listen for the crazy raffles!

    The discussion this week includes:

  • Expat Property Story.
  • (Problems with) financial advisors!
  • Buying in Hong Kong.
  • The shape/size of a Hong Kong development.
  • Off-plan capital growth in Hong Kong.
  • £100k in 3 years.
  • Property sourcer failures.
  • Buying new build, off-plan, re...
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    This week Simon and Stuart are running through some updates in their property businesses. Thinking about a share of freehold, rent increases, issuing notices and debt recovery.

    The chat this week includes:

  • Offered a share of freehold (as a leaseholder).
  • How is a freehold price split between leaseholders? Let Stuart know on Twitter.
  • Risks from a share of freehold.
  • Selling, hopefully!
  • Increasing rents.
  • Tenant debt and difficulty communi...
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    Jamie joins Stuart and Simon for an inspirational introduction to a property business sector that's set to grow dramatically in coming years.

    The discussion this week includes:

  • Inspired Villages.
  • Find a passion in business.
  • Empathetic and intentional design.
  • How Inspired Villages got started.
  • Being Net Zero.
  • Applying Net Zero to existing buildings and villages.
  • The ownership and occupancy model for Inspired Villages.
  • The current cha...
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    Simon and Stuart's chat this week covers losing money, big utility bills, extracting equity via a remortgage and increasing rents.

    The chat this week includes:

  • Losing £10k.
  • Portfolio.
  • Increasing energy (gas and electricity) costs.
  • Trying, but failing, to pay for water.
  • A very large bill.
  • Remortgaging - Loan to value (LTV) and Rental cover / ICR.
  • Increasing rent, or not.
  • Find us on Twitter or LinkedIn: Stuart, Simon.
  • Please leave u...

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    Be a fly on the wall for an exploratory property investor conversation.

    The discussion this week includes:

  • Should it be a JV?
  • What is long term?
  • How putting money in could work.
  • How money might be withdrawn.
  • How a JV agreement might end.
  • Revaluations and increasing equity during a JV.
  • (Sorry about the sound quality after Stuart had to change location!)
  • Find us on Twitter or LinkedIn: Stuart, Simon.
  • Please leave us a rating and review i...

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    This week Stuart and Simon are joined by special guest Wayne Greenway to get a professional oppinion on a hypothetical flat conversation and chat about all things planning and architecture.

    The chat this week includes:

  • How Covid has changed typical architecture work.
  • Follow-up to episode 109.
  • The potential flat conversion property.
  • Considering planning and changes within councils.
  • Planning restrictions on parking.
  • Prioritising garden ...
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    Simon and Stuart are talking about how investor relationships can be structured and the investments Stuart has been looking at recently.

    The discussion this week includes:

  • Continuing from episode 114
  • Possible structures for investors.
  • Loan / angel funding.
  • Joint ventures.
  • Sourcing, deal packaging and adding value.
  • Being flexible in approaching investors.
  • Investor relationships can be long term (perhaps longer than marriage)!
  • Having clar...
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    Stuart and Simon chat about the new PaTMa interface, their property searches and thinking about investors.

    The chat this week includes:

  • PaTMa has a great new interface - making it even faster and easier to use.
  • Simon has been collecting interesting properties in PaTMa Prospector.
  • Getting back to searching for property deals.
  • A slight change of property direction.
  • Considering investors.
  • We were in The Times (just in case you missed it)...
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    Simon and Stuart discuss some of the challenges facing landlords in the future and whether they should be putting property investors off in 2022.

    The discussion this week includes:

  • The Times article.
  • Are we mad (to be property investors)?
  • Mortgage interest relief.
  • Cost of legislative changes.
  • Stamp duty surcharge.
  • Increasing tenant rights.
  • Are property investors taking homes?
  • Find us on Twitter or LinkedIn: Stuart, Simon.
  • Please send t...

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    Stuart and Simon are talking about property yield, inspired by a recent article in The Times. Plus a chat on tax returns and how they approach their own.

    The chat this week includes:

  • The Times article.
  • Track Capital yield map.
  • PaTMa yield explorer.
  • What are the Track Capital yield figures based on?
  • Landlords need to file a tax return.
  • Filing your self assessment tax return.
  • Making tax returns easier with PaTMa.
  • HMRC are delaying late fi...
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    Simon and Stuart chat about what they might have done differently in their property investment careers and how things could have turned out differently.

    The discussion this week includes:

  • Doing our property careers again - how would they be different.
  • Going faster.
  • £3 million property portfolio.
  • Sorry, no spreadsheet! Get in touch if you think it should be shared.
  • Going slower.
  • Paying attention to the numbers in the properties.
  • Only on...
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    January 5, 2022 23 min

    Stuart and Simon realise that quite a lot has happenned in 2021. This weeks chat covers a few of the things that have stood out for them.

    The chat this week includes:

  • Not reviewing our 2021 goals!
  • New R2R properties.
  • Completing on a sale.
  • Maisonette refurbishment.
  • Two properties sold subject to contract.
  • Three failed sales.
  • PaTMa improvements:
  • Making Tax Digital
  • Open Banking
  • Improve planning applications data
  • Better data integration
  • Newly...
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