http://www.ispeech.org
Today, I wanted to share a little bit about my day out on site yesterday with some members of my community just to give you something of a fly on the wall insight into how that went.
Podcast: Play in new window | Download
Join me as I share how a two-day site visit went, where we looked at a commercial conversion, a retail to HMO conversion, a residential to HMO conversion, a farm development, a serviced accommodation unit and finally a bungalow flip project along with some people from my inner circle community.
Resources mentioned
Property Deal Tips & How to Reach me By Telephone
Link to the Podcast feedback survey
Today’s must do’s
Subscribe to and review the show in iTunes…and while you are at it please help us to spread the word by telling all your friends too!
Send in your property stories, questions or moans to podcast@thepropertyvoice.net and we will try and feature YOU on the show too!
#PropTech: A guide to how property technology is changing how we live, work and invest – a link to the latest book.
Property Investor Toolkit – here is the book link on amazon.co.uk & amazon.com in case you would like to get yourself a copy to accompany this series
Get talking!
Join in the discussion, either here in the comments section below, or by emailing us at podcast@thepropertyvoice.net
Start a conversation on Twitter with us @PropertyVoiceUK or on our Facebook page
Transcription of the show
Hello, and welcome to another episode of The Property Voice podcast. My name is Richard Brown and as always, it’s a pleasure to have you join me on the show again today.
I have been living out of a suitcase for several weeks now already, which was highlighted to me my a US-based property manager who started chuckling when he asked what time it was were I was. He then said, I have spoken to you about 3-4 times over the past couple of weeks and you have been in Brazil, a couple of US cities and now the UK. So, I guess you could say that my agenda and body clock is a little out of kilter right now.
As a result, I am literally recording today’s podcast episode on the morning before my producer usually gets into work, which is cutting fine, even by my standards!
Today, I wanted to share a little bit about my day out on site yesterday with some members of my community just to give you something of a fly on the wall insight into how that went.
Property Chatter
Attendees: 3 Apprentices (Dominick & Lisa, Richard & Sion), 2 Earn & Learn Investor (John & Damian), 1 Private Investor (Ian) and my project manager (Phil)
Visits
Day 1 - Stoke on Trent
Coronation Court – Commercial Conversion
Liverpool Road – Retail to HMO Conversion
Newton Street – HMO Conversion
Farm Building – Conversion & Development Potential
Day 2 – Ripley, Derbyshire & Wisbech, Cambridgeshire
Thomson Drive, Ripley – Residential plus garage conversion to serviced accommodation property
St Pauls Close, Wisbech – Residential extend, refurb & flip project
Key points
Role of a developer – visualise something beautiful when looking at something pretty ugly! But also commercialise it as well.
Dealing with issues that arise on site: asbestos, groundwork issues, such as the discovery of a bottle kiln on site, challenges in getting utilities installed on development sites and being quoted £30k for the privilege, looking for ways to improve the value of a project, such as additional units being added in and of course discovering that not all projects go 100% to plan, which is why all projects have a contingency line in them…such as the 9-bed HMO that had to become a 7-bed when planning refused our application.
The value of a great project manager.
Learning how to run such days from my point of view.
So, if you like the idea of joining me on a day that looks a little like that then drop me a line. However, I don’t offer ‘investor days’ in the same way that some people do in the industry, but I do like to invite people from what you might call my inner circle to join me.
These are people that I mentor or are part of the TPV Apprentice programme or invest with me either as private funders, Earn & Learn or JV investment partners. I prefer to work with just a small group of people at any one time that I can get to know well and so I do not look to monetise such days when I run them. So, if you would like to lift the hood on some of the 8-12 projects that I run a year, then get in touch.
OK, so that’s me done from Stateside again this week. I am off to enjoy the après-ski proper right now, but don’t forget the show notes are available on our website www.thepropertyvoice.net, including how you can reach me by telephone. Or, if you want to talk about anything from today’s show, or just talk property investing more generally, email me at podcast@thepropertyvoice.net, I would be happy to hear from you!
All that is left to say, is thank you very much for listening once again this week and until next time on The Property Voice Podcast…it’s ciao-ciao.