Afleveringen
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In this episode of the Scottish Property Podcast, we sit down with Neil Dymock, founder of Dymock Properties and co-host of the Dundee monthly networking event. Neil shares his expertise on the Dundee property market, discussing its investment potential, unique challenges, and the opportunities for landlords and investors.
Episode Highlights:
Why Dundee is an Underrated Market:
Neil explains why Dundee, with its two universities and expanding economy, is a strong investment choice with high rental demand and affordable entry-level property prices. He discusses the impact of recent developments like the V&A Museum and the anticipated Eden Project, which are set to boost Dundee’s reputation and market potential.Property Prices and Rental Yields in Dundee:
Current property prices for two-bedroom flats range from £80,000 to £180,000, with rental yields often reaching 10% or higher. Neil emphasises the importance of targeting a 10% yield in Dundee to ensure profitable investments, particularly in unfactored properties where maintenance costs can be higher.Challenges in Dundee’s Property Market:
Neil addresses the risks associated with unfactored tenement buildings in Dundee, where maintenance on older properties can be costly. The discussion touches on the need for responsible property management, especially in buildings without factoring arrangements, as they may face costly repairs over time.The Role of Networking and Local Knowledge:
As co-host of the Dundee networking event, Neil underscores the importance of connecting with local experts and investors.Navigating Local Housing Allowance (LHA) Rates and Rent Affordability:
Neil explains how Dundee’s LHA rates impact tenants' ability to afford average rents, particularly in light of rising rental costs. He outlines the gap between current LHA rates and actual market rents, which often leaves tenants on benefits struggling to secure adequate housing.Tips for New Investors:
Neil offers advice for aspiring landlords and investors, such as using social media for market positioning, providing valuable content, and networking to build trust and visibility. He also encourages investors to be mindful of property compliance, ensuring long-term rental stability by maintaining property standards and up-to-date legal requirements.Tune in to this episode for a comprehensive guide on Dundee’s property market from an experienced local investor. Whether you're a new investor or a seasoned landlord, Neil’s insights offer practical guidance on navigating one of Scotland’s most promising property markets.
Follow Dymock Properties:
Website: https://dymockproperties.com/
Instagram: www.instagram.com/dymockproperties/
---------------------------------------------------------Prime Property Auction: www.instagram.com/primepropertyauctions/
John: www.instagram.com/john_property_auctioneer/
Luis: www.instagram.com/luis_property_auctioneer/
Visit Prime Property Auction website: https://primepropertyauctions.co.uk/
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Follow us on all of our social media accounts: https://linktr.ee/scottishpropertypodcast
**DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise.
🤝 Visit one of our monthly networking meet-ups. We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 Book your place at the networking events here
⭐️⭐️⭐️⭐️⭐️ Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify.
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In this special post-budget episode of the Scottish Property Podcast, we’re joined by returning guest Adam Lawrence to break down the recent UK budget announcements and their potential effects on the Scottish property market.
With insights into tax changes, inflation, interest rates, and market trends, Adam shares his expert analysis on what investors and property owners should expect in the coming months. If you’re navigating the shifting property landscape, this episode is packed with actionable information and predictions for the year ahead.
Episode Highlights:
Budget Recap and Key Changes:
Adam discusses the new National Insurance tax hike for employers and how it will impact small- and medium-sized businesses, especially those in real estate and property management. The conversation delves into capital gains tax adjustments and the additional dwelling supplement, analysing how these changes could affect property investors across Scotland.Impact on Inflation and Interest Rates:
With rising inflation and interest rates now around 5%, Adam explains the budget’s role in potentially stabilising these figures. Predictions for upcoming interest rate cuts are explored, and Adam shares his outlook on how these could influence property prices and demand.Rental Market Insights:
Adam provides an overview of the rental market in Scotland, where rent caps and tenant legislation are adding complexity for landlords. He discusses the ongoing demand for rental properties and the implications of these policies on rental rates, tenant security, and long-term property investment strategies.Property Tax Changes:
The episode explores how the additional dwelling supplement increase to 5% for English properties aligns with Scotland’s 6% rate, potentially levelling the playing field for cross-border investors. The team discusses whether this will impact investor interest in Scottish properties compared to English markets.Predictions for 2024 and Beyond:
Looking to the future, Adam shares predictions for property demand, inflation, and government policy changes impacting the Scottish housing market. He offers advice for property investors on managing portfolios in the current economic climate, including tips on dealing with regulatory changes and finding growth opportunities.Tune in to hear Adam Lawrence’s expert insights on navigating the property market post-budget, with valuable advice on managing investments in a changing landscape.
Follow Adam Lawrence on Instagram and also listen to his podcast, Propenomix.
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Prime Property Auctions – Sell your property with no upfront costs and control the reserve price.
Prime Property Auction: www.instagram.com/primepropertyauctions/
John: www.instagram.com/john_property_auctioneer/
Luis: www.instagram.com/luis_property_auctioneer/
Visit Prime Property Auction website: https://primepropertyauctions.co.uk/
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Follow us on all of our social media accounts: https://linktr.ee/scottishpropertypodcast
**DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise.
🤝 Visit one of our monthly networking meet-ups. We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 Book your place at the networking events here
⭐️⭐️⭐️⭐️⭐️ Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify.
Connect with us on social media:🔗 Join our private Facebook group
🔗 Follow us on Instagram
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Zijn er afleveringen die ontbreken?
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In this relaxed and candid episode of the Scottish Property Podcast, Nick and Steven catch up on their latest adventures—both in life and business. From thrilling personal experiences, like road trips and skydiving in the US, to the challenges of managing property portfolios, the hosts share insights, stories, and hard-earned lessons.
This episode offers an honest look at the highs and lows of property investing, including staffing issues, rising mortgage rates, and portfolio restructuring.
Episode Highlights:
Nick’s US Adventure:
Nick talks about his two-week trip across the West Coast, riding Harleys, driving a Dodge Challenger, and even winning big at the casino—only to learn the IRS takes a hefty 30% tax cut.Taking a Break from Business:
For the first time in a long while, Nick was able to step away from work and fully disconnect, highlighting the importance of trusting your team to keep things running smoothly.Portfolio Restructuring Challenges:
Steven shares his struggles with managing his large Aberdeen-based property portfolio, including challenges with staffing, maintenance, and increasing interest rates. They discuss scaling operations, hiring full-time staff, and dealing with the frustrations of finding reliable contractors.The Impact of Rising Interest Rates:
With mortgage rates soaring from 3% to 7%, Steven reflects on how these changes have affected his portfolio’s profitability and forced him to cut costs on maintenance and management.Staffing Struggles:
Steven recounts his efforts to hire the right team, sharing stories of employees who didn’t meet expectations and how finding the right fit is essential for managing properties efficiently.Insights on the Rental Market:
They discuss the changing dynamics in Scotland’s rental market, including the shift towards more international tenants and the continuing demand for rental properties despite a correction in rental prices.The Value of Systemisation:
Nick and Steven stress the importance of having the right processes and systems in place, with tips on using tools like Loom videos to train staff remotely and improve efficiency.Networking and Community Engagement:
They talk about the importance of networking events, including updates on their monthly meetups across Scotland, with special mention of speakers and topics from recent events.Tune in to this episode for a fun and insightful conversation covering personal experiences, property management tips, and reflections on running a business amidst changing market conditions.
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Prime Property Auctions – Sell your property with no upfront costs and control the reserve price.
Prime Property Auction: www.instagram.com/primepropertyauctions/
John: www.instagram.com/john_property_auctioneer/
Luis: www.instagram.com/luis_property_auctioneer/
Visit Prime Property Auction website: https://primepropertyauctions.co.uk/
------------------------------------
Follow us on all of our social media accounts: https://linktr.ee/scottishpropertypodcast
**DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise.
🤝 Visit one of our monthly networking meet-ups. We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 Book your place at the networking events here
⭐️⭐️⭐️⭐️⭐️ Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify.
Connect with us on social media:🔗 Join our private Facebook group
🔗 Follow us on Instagram
📩 Email us:
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In this episode of the Scottish Property Podcast, we chat with Lindsay Yuill, founder of Rent Locally, to explore her incredible journey from working in social care to becoming a successful letting agent and property investor.
Episode Highlights:
Lindsay's Career Journey:
Lindsay shares how she "fell into property by accident" after a career in social care. She reflects on founding Rent Locally in 2008 during the financial crash and how this challenging period helped shape her business acumen.Building and Scaling Rent Locally:
Lindsay discusses the early challenges of running a letting agency and how networking played a crucial role in growing the business. Rent Locally now manages over 2,200 properties, covering Central Scotland and areas like Fort William and Oban. The agency has expanded into estate agency services, focusing on off-market and landlord-to-landlord property sales.Insights on Property Investment:
Lindsay talks about managing her own buy-to-let portfolio, highlighting the importance of strategic purchases and flexible exit strategies. She emphasises the benefits of holding larger family homes for long-term tenants and cautions against being overly leveraged in the current market climate.Challenges in the Rental Market:
The episode explores the shift in the landlord landscape, with smaller landlords exiting the market and professional investors stepping in. Lindsay addresses the challenges posed by legislation, including lead pipe testing, increased compliance costs, and the impact of potential capital gains tax changes.The Importance of Systemisation:
Lindsay explains how building automated systems has been crucial for scaling operations, saving time, and ensuring compliance. Her agency uses custom-built software to streamline processes like rent payments and maintenance management.Advice for Aspiring Letting Agents and Investors:
Lindsay offers valuable tips for those looking to start a letting agency, emphasising the importance of understanding the market, building strong networks, and being adaptable to change. She discusses the human element of property management, sharing the importance of balancing business goals with ethical considerations when working with tenants.Tune in to this insightful episode for a deep dive into Lindsay Yuill’s career, expert advice on property management, and practical tips for navigating Scotland’s evolving rental market.
Follow Lindsay Yuill and Rent Locally:
Website: https://rentlocally.co.uk/
Instagram: www.instagram.com/rentlocally_ltd
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Prime Property Auctions – Sell your property with no upfront costs and control the reserve price.
Prime Property Auction: www.instagram.com/primepropertyauctions/
John: www.instagram.com/john_property_auctioneer/
Luis: www.instagram.com/luis_property_auctioneer/
Visit Prime Property Auction website: https://primepropertyauctions.co.uk/
------------------------------------
Follow us on all of our social media accounts: https://linktr.ee/scottishpropertypodcast
**DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise.
🤝 Visit one of our monthly networking meet-ups. We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 Book your place at the networking events here
⭐️⭐️⭐️⭐️⭐️ Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify.
Connect with us on social media:🔗 Join our private Facebook group
🔗 Follow us on Instagram
📩 Email us:
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In this episode of the Scottish Property Podcast, we sit down with Michael Paton, founder of MAP Short Stays, to explore his incredible journey from a challenging upbringing to becoming a successful property investor and short-term rental manager.
Michael shares his personal story, from his troubled youth and early brushes with the law to turning his life around and building a thriving property management business. Now managing properties across Scotland, Michael specialises in short-term rentals, particularly in the contractor market, and reveals the systems, processes, and strategies that have allowed him to scale his business successfully.
Episode Highlights:
Michael’s Early Life:
Michael shares his upbringing, where he moved around frequently with his mother, struggled in school, and was expelled twice before being sent to a residential school. He reflects on how his rebellious youth, shaped by peer pressure and a lack of positive influence, eventually gave way to a sense of responsibility and a desire to build a better future for himself.Turning Point and Career Shift:
After working for nearly 20 years in social care, including roles with at-risk youth and people with mental health challenges, Michael realised he wanted more flexibility to spend time with his family. His first experience as an accidental landlord in 2014 sparked his interest in property, though the traditional buy-to-let model didn’t initially excite him. By 2021, he shifted focus to the short-term rental market, seeing an opportunity in holiday homes and caravans.Building a Short-Term Rental Business:
Michael discusses how he scaled his short-term rental management business, starting with holiday caravans and lodges and growing into managing a portfolio of properties across Scotland. He explains the importance of having strong systems and processes in place, from automated guest communication to efficient cleaning protocols and contractor management.Challenges and Lessons Learned:
Michael reflects on the challenges of finding the right business partners and emphasises the importance of thorough due diligence before entering into any business relationship. He also talks about the difficulties of scaling a business and the need for consistent hard work—working 16-18 hours a day, ensuring properties are managed to the highest standard.The Contractor Market:
Michael has found a niche in managing short-term lets for contractors, offering long-term bookings and consistent income for landlords. He breaks down how to manage contractor bookings, the key amenities contractors look for (e.g., parking and laundry facilities), and how to achieve high occupancy rates.Managing Short-Term Let Licences:
With Scotland’s evolving legislation on short-term lets, Michael outlines the licensing process and how long it can take depending on the council area.Revenue and Profitability:
Michael gives a realistic overview of the potential earnings in short-term lets, sharing that a well-managed three-bedroom property can generate around £4,000 a month in gross revenue. He stresses the importance of occupancy rates and setting realistic expectations for returns.Tune in to hear Michael Paton’s inspiring story of transformation and learn practical strategies for scaling a successful short-term rental business in Scotland!
Follow Michael Paton on Instagram:
www.instagram.com/michaelpatonproperty/Map Short Stays: www.mapshortstays.com/
Map Short Stays Instagram:
www.instagram.com/mapshortstays/
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Follow Prime Property Auction on Instagram:Prime Property Auction: www.instagram.com/primepropertyauctions/
John: www.instagram.com/john_property_auctioneer/
Luis: www.instagram.com/luis_property_auctioneer/
Visit Prime Property Auction website: https://primepropertyauctions.co.uk/
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Follow us on all of our social media accounts: https://linktr.ee/scottishpropertypodcast
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In this episode of the Scottish Property Podcast, we sit down with Labour MSP Mark Griffin, Shadow Minister for Housing and Local Government, to discuss Scotland's ongoing housing crisis.
Mark dives into the key issues plaguing the sector, including the shortage of affordable homes, the growing number of children in temporary accommodation, and the challenges facing the housing market after the 2008 financial crash. He shares his views on how to accelerate housebuilding, tackle land banking, and improve the planning system to meet Scotland's growing housing demands.
Episode Highlights:
Scotland's Housing Crisis:
Over 10,000 children are currently living in temporary accommodation, a figure Mark calls "absolutely appalling." The root cause of the housing emergency is a 20-year shortfall in housing completions, with the market never fully recovering after the 2008 financial crisis.Need for More Homes:
Mark stresses that the solution to the crisis is straightforward: build more homes across all tenures (private, social, and affordable). He highlights that Scotland needs approximately 700,000 new homes to meet current demand, according to research by Homes for Scotland.Affordable Housing and Government Investment:
While the Scottish Government has built more social housing than the rest of the UK, Mark argues that it's not enough. He believes that more investment is needed across all housing sectors to address the broader crisis. He criticizes recent cuts to the affordable housing supply budget, which have prevented social landlords from fulfilling their affordable housing commitments.Planning System and Land Availability:
Mark advocates for an overhaul of Scotland's planning system, which he says is under-resourced and bogged down in bureaucracy. He suggests increasing the scope of permitted development to speed up the process. He also discusses the issue of land banking by developers, calling for reforms to ensure more land is released for housing.Incentives for Renovating Empty Homes:
Mark introduces the idea of a "£1 home" scheme, where first-time buyers can purchase an empty property for £1, provided they commit to renovating it. He also proposes loan financing to support renovations.Short-Term Lets Legislation:
Mark discusses the controversial short-term lets legislation, which he feels is a "blanket approach" affecting areas that don’t need it. He believes the focus should be on localised issues, rather than imposing regulations across all of Scotland.Tune in to hear Mark Griffin's take on how Scotland can overcome its housing crisis, the future of government policy, and what changes we need to see in the planning and rental sectors.
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Follow Prime Property Auction on Instagram:
Prime Property Auction: https://www.instagram.com/primepropertyauctions/
John: https://www.instagram.com/john_property_auctioneer/
Luis: https://www.instagram.com/luis_property_auctioneer/
Visit Prime Property Auction website: https://primepropertyauctions.co.uk/
------------------------------------Follow us on all of our social media accounts: https://linktr.ee/scottishpropertypodcast
**DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise.
🤝 Visit one of our monthly networking meet-ups. We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 Book your place at the networking events here
⭐️⭐️⭐️⭐️⭐️ Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify.
Connect with us on social media:🔗 Join our private Facebook group
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In this episode of the Scottish Property Podcast, we welcome back Michael Maloco for the September market update. Michael, a seasoned property consultant, offers valuable insights into the current trends shaping Scotland’s property market. From mortgage rates to house prices and rental demand, this episode covers the latest news and analysis for investors, homeowners, and property professionals alike.
Episode Highlights:
Bank of England and Mortgage Rates:
The Bank of England has kept the base rate steady at 5%. However, there is a prediction of gradual rate drops, with future rates expected to settle around 3.5%. Lenders are starting to offer competitive mortgage rates under 4%, and there is a noticeable battle among lenders in the market.House Prices:
Scotland’s house prices have risen by 6% year-on-year, with Aberdeen being the only area seeing a decline. While the property market shows strong growth, larger detached homes are slower to sell compared to smaller properties, particularly in areas like Dunfermline.Rental Market:
Rental inflation has slowed to 5.4%, the lowest in three years, though demand remains high. Fewer rental properties are available compared to pre-pandemic levels, and landlords are slowly exiting the market due to potential tax changes. Rents are predicted to rise further in 2024 and 2025 due to limited supply.Impact of Government Policies:
The episode discusses the effects of rent caps and other government measures on the rental and buy-to-let markets, with a focus on how these policies are driving landlords away from the sector. Developers in Edinburgh are shifting from building homes to student flats due to legislative challenges in the private rental sector.Aberdeen Market:
While Aberdeen continues to experience lower property prices due to the oil market downturn, it presents opportunities for investors seeking long-term capital growth.Global and Political Influences:
Global factors like the geopolitical situation and potential changes in the UK government are seen as potential influencers on the property market’s direction. The upcoming UK budget may also impact the market, with possible tax adjustments on the horizon.Tune in to hear expert analysis from Michael Maloco and stay informed on the latest developments in Scotland's property market!
----------------------------------Follow Prime Property Auction on Instagram:Prime Property Auction: https://www.instagram.com/primepropertyauctions/John: https://www.instagram.com/john_property_auctioneer/Luis: https://www.instagram.com/luis_property_auctioneer/Visit Prime Property Auction website: https://primepropertyauctions.co.uk/------------------------------------Follow us on all of our social media accounts: https://linktr.ee/scottishpropertypodcast
**DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise.
🤝 Visit one of our monthly networking meet-ups. We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 Book your place at the networking events here
⭐️⭐️⭐️⭐️⭐️ Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify.
Connect with us on social media:🔗 Join our private Facebook group
🔗 Follow us on Instagram
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In this episode of the Scottish Property Podcast, we chat with Emma Watson, property investor and social media influencer behind “Renovate with Emma.” Emma shares her inspiring journey from a successful corporate career in PR to becoming a full-time property investor. She discusses how she started during lockdown, her experiences with DIY renovations, and the challenges of managing projects with limited budgets. Emma also shares how her social media presence has grown, attracting opportunities and followers who are inspired by her creative, hands-on approach to property investment.
Episode Highlights:
Emma’s Start in Property:
• Emma started her property journey in January 2020, buying her first auction property with her ex-partner just before the COVID-19 pandemic hit.
• Initially, the couple had no experience in DIY, but when lockdown affected tradesmen availability, Emma had to roll up her sleeves and learn skills like plastering to keep the project moving.
Transition from Corporate to Property:
• Emma worked as Head of Communications and PR for THG in Manchester before deciding to leave her corporate job and pursue property investment full-time.
• A combination of personal and professional challenges, including the passing of her sister, led Emma to re-evaluate her priorities and make the bold move to focus on her passion for property.
Creative DIY Projects:
• Emma shares stories of her creative approach to property renovations, including how she sourced free kitchens, upcycled materials, and maximised budgets on her projects.
• Her attention to detail and passion for interior design helped her properties stand out, even landing one of her projects on Channel 5’s “Dream Kitchens and Bathrooms.”
Challenges of DIY and Bridging Finance:
• Emma reflects on the stress of managing projects under tight deadlines with bridging finance during lockdown.
• She also discusses the importance of learning hands-on skills and being resourceful when tradesmen are unavailable.
Building a Social Media Brand:
• Emma’s Instagram account “Renovate with Emma” has grown to nearly 40,000 followers, where she shares her renovation journey, DIY tips, and creative interior design ideas.
• She credits her success to building strong relationships with her audience and focusing on quality content over quantity.
Advice for Aspiring Property Investors:
• Emma encourages new investors to take risks, be resourceful, and find joy in the process, even when faced with challenges.
• She also discusses the importance of developing skills, managing trades, and taking control of project management to ensure successful outcomes.
Tune in to this episode for an inspiring conversation with Emma Watson, packed with valuable insights for both new and experienced property investors. Learn how she transformed her passion for property into a full-time career and built a thriving social media brand along the way.
Follow Emma Watson:
Instagram: @renovate_with_emma
Don’t forget to subscribe to the Scottish Property Podcast for more property tips, expert insights, and inspiring stories from the world of property investing!
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In this episode of the Scottish Property Podcast, we are joined by Jerry Alexander, an experienced commercial property investor, to dive deep into the Commercial Multiple Occupancy (CMO) strategy. With over 20 years of experience, Jerry shares valuable insights on how this model works, the benefits of reducing risk with multiple tenants, and the potential for significant cash flow. Whether you’re new to commercial property or looking to scale, this episode is packed with practical advice and strategies.
Episode Highlights:
- Introduction to the CMO Strategy:
- CMO involves renting a single commercial property to multiple tenants who share common areas.
- The model reduces risk by spreading the income across multiple tenants, unlike FRI (Full Repair and Insurance) leases, where one tenant occupies the entire property.
- Benefits of CMO:
- The CMO model provides flexibility, allowing investors to adjust rental prices and quickly fill vacancies.
- It generates better cash flow and reduces vacancy risk, as losing one tenant doesn’t significantly impact overall income.
- Challenges of Managing CMO:
- CMO properties require active management, as investors need to handle day-to-day operations and tenant management.
- Scaling is essential to making CMO more manageable, as smaller properties can become time-consuming and operate like a full-time job.
- Tips for Getting Started with CMO:
- Jerry advises new investors to start with a building that houses their own business, making them both tenant and landlord.
- He suggests looking for properties that are partially tenanted to secure income while completing renovations.
- Financing and Scaling CMO:
- Investors should engage brokers early and explore private finance options for greater flexibility.
- Larger properties tend to generate more profit as they spread operational costs over more tenants, making them easier to manage and scale.
- Common Mistakes to Avoid:
- Jerry stresses that size matters—smaller projects can become a job, while larger ones offer better returns.
- He also warns against neglecting to reinvest in properties, as failing to upgrade can lead to lower rental returns over time.
- Future Projects and Long-Term Goals:
- Jerry shares his passion for historical and character buildings, which he’s focusing on for future projects.
- His goal is to build a property portfolio that runs independently, allowing him to step back from day-to-day operations.
Tune in to hear Jerry’s expert advice on mastering the CMO strategy and learn how to build a profitable, scalable commercial property portfolio!
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Follow Jerry Alexander on Instagram @jerryalexander.commercial for more insights, and check out his Commercial Property Investor Podcast for additional resources and episodes on commercial property investing.
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In this episode of the Scottish Property Podcast, we sit down with Barry John Cole, a former professional footballer turned successful property investor. Barry John shares his remarkable journey from the football field to building a seven-figure buy-to-let property portfolio in Glasgow. He dives into the strategies he used to fund his investments, how he leveraged creative financing, and his advice for aspiring property investors. Whether you’re just starting out or looking to scale your investments, this episode offers valuable insights and practical tips.
Episode Highlights:
Barry John’s Football Career:
Starting as a goalkeeper, Barry John recounts his time playing for teams like Celtic and Motherwell. A back injury ended his football career, pushing him to transition into property.Transition to Property:
After leaving football, Barry John began working in tiling and bathroom renovations, eventually leading him to property flipping and buy-to-let investments. He started small with flips but quickly realised the potential of building a rental portfolio for long-term financial stability.Creative Financing:
Barry John explains how he funded his property investments using various methods, including joint ventures, bridging loans, credit cards, and private investment. He shares a detailed case study of buying a portfolio of 16 flats in Glasgow, negotiating the deal, and refinancing to pull out all of his initial investment.Property Investment Strategies:
Focus on prime locations: Barry John discusses why he prefers investing in Glasgow due to its strong rental demand and potential for capital growth. Avoid small towns and villages: He advises against investing in areas with low demand and minimal capital appreciation, even if they offer high cash flow. Building relationships: Barry John stresses the importance of building good relationships with surveyors to ensure accurate property valuations.Challenges and Successes:
Barry John candidly shares the challenges he faced, from managing properties to handling difficult tenants and dealing with market fluctuations. He discusses how he built his portfolio without using his own capital by leveraging deals and raising private funds.Personal Insights:
Barry John talks about balancing his business with family life, raising four children while expanding his portfolio. He also shares his thoughts on potentially moving to Dubai and managing his properties remotely.Social Media and Private Investment:
Barry John highlights the power of social media in attracting private investors, showcasing his projects, and building credibility in the property industry.Tune in to hear Barry John’s inspiring journey, learn how he built a seven-figure portfolio, and gain valuable insights into property investment strategies that work. Whether you’re new to property or looking to expand, this episode is packed with actionable advice.
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In this Market Update episode, we're joined by Mark Shanta, a seasoned estate agent and letting agent, to explore the latest trends in the Scottish property market.
We discuss the key developments from August, including changes in mortgage rates, fluctuations in house prices, and the latest shifts in the rental market. Whether you’re an investor, a first-time buyer, or simply interested in the property landscape, this episode offers valuable insights into what’s happening across Scotland.
Episode Highlights:
Mortgage Rates:
The Bank of England has reduced interest rates slightly, leading to a decrease in mortgage rates, which is positive news for the property market. First-time buyers are showing increased confidence, with many properties selling above home report values and frequently going to closing dates.House Prices:
The average property price in Scotland has risen by 4.3% over the past year, reaching £192,000. Both hosts predicted a 5% increase in house prices at the start of the year, and the market appears to be on track to meet that prediction.Rental Market Trends:
Rental prices in Glasgow have seen a decline after sharp increases last year, with some areas experiencing rent reductions. The decline is attributed to the unsustainable rent increases seen in the previous year, leading to a market correction.Political and Economic Impacts:
The episode discusses the potential implications of Labour’s proposed tax policies, including an increase in capital gains tax, which could affect property investors. The impact of Scotland’s rent control policies is also explored, with a significant rise in rent adjudication requests following the end of the rent cap.Census Data Insights:
A nearly 30% increase in the number of Scottish homeowners who have paid off their mortgages over the past decade reflects an aging population. The number of households renting privately has risen by 9.5% since 2011, while social renting has slightly decreased.Student Accommodation:
There has been a 68% increase in the number of people living in student accommodation, driven by the growing demand from international students.Challenges in Property Investment:
The process of obtaining buy-to-let mortgages through limited companies remains challenging, with extensive paperwork and delays. Potential changes in capital gains tax could impact the decisions of property investors and slow down the market.Tune in to this insightful episode as Mark Shanta and the hosts delve into the latest market updates, offering expert analysis and practical advice for navigating the current property landscape in Scotland.
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**DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise.
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In this episode of the podcast, we are joined by Willie Rennie, MSP for North East Fife, to discuss the ongoing housing crisis in Scotland. With a severe shortage of affordable homes, especially in areas like St. Andrews, many people are struggling to find suitable accommodation.
The conversation covers the key challenges contributing to the crisis, including planning issues, the impact of short-term lets, and the difficulties faced by those with disabilities in securing adequate housing. Willie Rennie shares his insights on what can be done to address these issues, offering practical solutions and highlighting the need for both government and private sector involvement in building more homes.
Housing Crisis in Scotland:
A severe shortage of affordable housing is affecting many parts of Scotland, particularly in high-demand areas like St. Andrews. The increased demand for both rental properties and homes for purchase has left many people, including those on housing lists, struggling to find suitable accommodation.Challenges in the Housing Market:
Factors such as inadequate planning, economic recessions, and the complexities of building homes to modern standards are contributing to the crisis. The conversation highlights the particular difficulties faced by people with disabilities in obtaining suitable housing.Impact of Short-Term Lets and Second Homes:
Short-term lets and second homes are exacerbating the housing crisis in local communities, making it harder for residents to find affordable housing. Willy Rennie supports control areas to cap the number of short-term lets but criticizes the Scottish Government's licensing system as overly burdensome.Proposed Solutions:
Rennie suggests a rural housing bond to encourage landowners to develop properties for local people rather than for short-term lets or second homes. The discussion also covers the need for a more efficient planning system, with Rennie advocating for speeding up the planning process to increase the supply of housing.Government Policy and the Housing Market:
The hosts express frustration with the Scottish Government's approach, particularly the rent cap legislation, which they argue has discouraged investment and led to higher rents. Rennie and the hosts agree on the importance of partnership between the government and private landlords and investors to tackle the housing crisis.Call to Action:
Building more homes is essential to addressing the housing crisis, but this requires a collaborative effort between the government and the private sector, as well as a more streamlined and responsive planning system.Tune in to this insightful episode as we explore the pressing issues behind Scotland's housing crisis and discuss potential solutions with Willy Rennie, MSP.
----------------------------------Follow Prime Property Auction on Instagram:Prime Property Auction: https://www.instagram.com/primepropertyauctions/John: https://www.instagram.com/john_property_auctioneer/Luis: https://www.instagram.com/luis_property_auctioneer/Visit Prime Property Auction website: https://primepropertyauctions.co.uk/------------------------------------
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**DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise.
🤝 Visit one of our monthly networking meet-ups. We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 Book your place at the networking events here
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In this episode of the Scottish Property Podcast, we sit down with Michelle Wales, a dynamic entrepreneur in the Scottish property scene. Michelle shares her journey from starting as a property investor.
The discussion delves into the evolution of their property portfolio, the importance of staging in real estate, and the challenges of balancing business growth with personal life. Whether you're a seasoned property investor or just starting, this episode offers valuable insights into the diverse opportunities within the property industry.
Episode Highlights:
Introduction and Background:
Michelle and her husband, Gary, started their property journey in 2019 after formal training. Initially focused on owning a few buy-to-let (BTL) properties, they expanded their portfolio and ventured into short-term rentals (Airbnb).Property Investment and Business Evolution:
The couple's property journey took unexpected turns, leading Gary to become an estate agent and Michelle to launch a property staging business. They temporarily paused expanding their property portfolio to concentrate on growing their respective businesses.Property Staging:
Michelle's interest in staging developed as they began furnishing their own rental properties, realising the aesthetic and financial benefits of staging. Property staging has become a valuable service in enhancing the appeal and market value of properties.Business Insights:
The episode emphasizes the importance of a business mindset in the property industry, whether in investment or related ventures like staging. Trends in interior design and staging are discussed, highlighting their impact on helping potential buyers or renters visualise property potential.Challenges and Future Plans:
Michelle shares the challenges of balancing business growth with personal life and the ongoing learning process in both property and staging. The couple plans to continue expanding their property portfolio and staging business, with a focus on continuous learning and evolution.Tune in to gain a deeper understanding of the property industry's multifaceted nature and the unexpected opportunities it can offer.
----------------------------------Follow Prime Property Auction on Instagram:Prime Property Auction: https://www.instagram.com/primepropertyauctions/John: https://www.instagram.com/john_property_auctioneer/Luis: https://www.instagram.com/luis_property_auctioneer/Visit Prime Property Auction website: https://primepropertyauctions.co.uk/------------------------------------
Follow us on all of our social media accounts: https://linktr.ee/scottishpropertypodcast
**DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise.
🤝 Visit one of our monthly networking meet-ups. We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 Book your place at the networking events here
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#scottishpropertypodcast #propertyinvestment #realestate #investmentstrategies #scottishproeprty #propertystaging
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In this episode, we sit down with Tomas Robertson, a seasoned property investor who started his journey at the age of 25. Over nearly a decade, Tomas successfully flipped properties, strategically adding value and selling to avoid capital gains tax. When the short-term rental market caught his attention, Tomas ventured into Airbnb, where he achieved remarkable success—exceeding income estimates and thriving even during the pandemic.
Key Takeaways:
Starting in Property: Tomas began investing in property at 25, using a strategy that allowed him to grow his earnings by flipping properties every two years. Airbnb Success: Tomas transitioned into the short-term rental market, where he managed to exceed income expectations through hands-on management. Scaling the Business: With four properties under his belt, Tomas was able to semi-retire and enjoy the fruits of his labor. Personal and Business Growth: Life changes led Tomas to rethink his business strategy, balancing personal fulfillment with financial goals. New Ventures: In response to upcoming regulations, Tomas has diversified his portfolio by launching a luxury glamping site, aiming to provide a unique and high-end experience in Portpatrick. Navigating Regulations: The episode also discusses the impact of new short-term rental licensing regulations in Glasgow and how Tomas is adapting to these changes.----------------------------------Follow Prime Property Auction on Instagram:Prime Property Auction: https://www.instagram.com/primepropertyauctions/John: https://www.instagram.com/john_property_auctioneer/Luis: https://www.instagram.com/luis_property_auctioneer/Visit Prime Property Auction website: https://primepropertyauctions.co.uk/------------------------------------
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**DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise.
🤝 Visit one of our monthly networking meet-ups. We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 Book your place at the networking events here
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#scottishpropertypodcast #propertyinvestment #realestate #investmentstrategies #glamping #airbnb
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In this episode, we sit down with Stephen Gallagher to explore his impressive journey in property investment and the formation of SAS Scotland.
Key Discussion Points:
SAS Scotland:
Stephen and Derek's hands-on network for property investors. Practical learning through live projects.Stephen’s Background:
From aerospace engineering to oil and gas, then banking and finance. Transition to property investment starting with residential and moving to commercial properties.Property Investment Strategy:
Using SAS pensions for tax-efficient investments. Importance of market understanding, due diligence, and trusted partners.Case Study - Hamilton Property:
Purchase and refurbishment of an office building. Investment of £70,000 leading to a market rent of £122,000 and offers of £1 million.Commercial Lending:
Providing loans with first-charge security. Emphasis on thorough due diligence.Challenges and Opportunities:
Rising costs in the property market. Opportunities in secondary market towns.Future Plans:
Scaling up investments with private equity. Potential expansion into the hotel sector.Brokerage Business:
Futurity offers real estate, asset finance, and business loans.Advice for Aspiring Investors:
Conduct thorough research. Network with experienced investors. Be bold in pursuing opportunities.----------------------------------Follow Prime Property Auction on Instagram:Prime Property Auction: https://www.instagram.com/primepropertyauctions/John: https://www.instagram.com/john_property_auctioneer/Luis: https://www.instagram.com/luis_property_auctioneer/Visit Prime Property Auction website: https://primepropertyauctions.co.uk/------------------------------------
Follow us on all of our social media accounts: https://linktr.ee/scottishpropertypodcast
**DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise.
🤝 Visit one of our monthly networking meet-ups. We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 Book your place at the networking events here
⭐️⭐️⭐️⭐️⭐️ Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify.
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In this episode, hosts Steven Clark and Nick Ponty are joined by Davy Hutton to discuss the latest market updates for August 2024. They cover a range of topics affecting the Scottish property market, including inflation, economic outlook, property market dynamics, planning system inefficiencies, and the impact of government policies.
UK Inflation and Taylor Swift Effect:
UK inflation stayed at 2% in June, partly attributed to Taylor Swift's tour increasing demand and prices in local services, particularly hotels. The Bank of England's base rate is 5.25%. Despite expectations for a cut, the "Taylor Swift effect" and other factors create uncertainty.Economic Outlook and Government Stability:
Discussion on the fragility of the economy and potential for a positive shift post-election with Keir Starmer's leadership. Reflection on the previous government's impact and optimism with the new administration.Property Market Dynamics:
Landlords are selling properties, affecting the rental market as they are not being bought by other landlords. House prices and rents are rising due to inflation and market demand, with regional variations noted. Areas like the West End of Glasgow are performing well due to lower mortgage levels and high cash transactions.Planning System and Government Intervention:
Inefficiencies in the planning system and the need for reform are discussed. Importance of competent and trustworthy government intervention is emphasized.Buy-to-Let Mortgages and Investment Strategies:
The number of new buy-to-let mortgages has halved, with fewer landlords entering the market. Larger companies and cash buyers remain active, impacting the market differently. Debate on the benefits of investment properties and effective debt management.Affordability and Rental Market:
Home affordability in Scotland has decreased, with the average home now costing 5.2 times the typical salary, up from 3.8 times in 2003. Despite rising rents, affordability remains a challenge. The balance between protecting tenants and not over-regulating landlords is discussed.Airbnb and Short-Term Rentals:
Potential impact of banning Airbnb in Edinburgh is debated, considering the balance between tourism benefits and housing availability for residents. The impact of the internet on the reach and influence of short-term rentals on local communities is discussed.----------------------------------
Follow Prime Property Auction on Instagram:Prime Property Auction: https://www.instagram.com/primepropertyauctions/John: https://www.instagram.com/john_property_auctioneer/Luis: https://www.instagram.com/luis_property_auctioneer/Visit Prime Property Auction website: https://primepropertyauctions.co.uk/
------------------------------------
Follow us on all of our social media accounts: https://linktr.ee/scottishpropertypodcast
**DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise.
🤝 Visit one of our monthly networking meet-ups. We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 Book your place at the networking events here
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In this episode, we are joined by Natalia Maria as she shares her extensive experience in property investment, bookkeeping, and the balancing act of managing a full-time career alongside being a mother of two.
Introduction and Background:
Natalia shares her unique background, growing up in Aberdeen with Polish and English parents. She studied accountancy and finance in Edinburgh and became a chartered accountant.Early Property Investment:
Natalia's property journey began with purchasing a flat in Edinburgh before the financial crisis. Despite challenges with tenants and market fluctuations, she persevered and leveraged her properties for further investments.Property and Financial Strategy:
Emphasis on the importance of refinancing and using equity to grow her property portfolio. Benefits and challenges of service accommodation (Airbnb) versus long-term rentals, particularly in the saturated Aberdeen market.Bookkeeping Business:
Natalia runs a successful bookkeeping business, serving clients in construction, property management, and other small businesses. Importance of good bookkeeping practices and utilizing technology like Xero and Hubdoc to streamline processes.Balancing Multiple Roles:
Insights on managing her career, businesses, and family life with a supportive partner and good time management.Future Plans and Vision:
Plans to expand her service accommodation business to cities like Dubai, London, and Barcelona. Moving to Slovenia with her family while continuing to manage her businesses remotely.Advice for Entrepreneurs:
Significance of financial education, planning, and flexibility. Encourages leveraging support networks and technology to manage multiple responsibilities effectively.Tune in to hear Natalia's inspiring journey and valuable advice for balancing business, family, and property investment. Don't miss her insights on financial strategy and the future of her expanding ventures!
Follow Natalia on Instagram: https://www.instagram.com/natalia.maria.s/Beyond Bookkeeping: https://www.instagram.com/beyondbookkeepinguk/----------------------------------Follow Prime Property Auction on Instagram:Prime Property Auction: https://www.instagram.com/primepropertyauctions/John: https://www.instagram.com/john_property_auctioneer/Luis: https://www.instagram.com/luis_property_auctioneer/Visit Prime Property Auction website: https://primepropertyauctions.co.uk/Follow us on all of our social media accounts.
**DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise.
🤝 Visit one of our monthly networking meet-ups. We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 Book your place at the networking events here
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Join us in this engaging episode with Scott Dunsmore as he shares his invaluable experiences and lessons learned in the property investment world. Whether you're a seasoned investor or just starting, there's something for everyone in this episode.
First Property Investments:
Initial Investments: Scott discusses his first buy-to-let properties, the challenges with troublesome tenants, and low-value properties. Learning Curve: He explains how he learned from these experiences and adjusted his investment strategies over time.Commercial Property and New Builds:
Transition to Commercial: Scott details his shift into commercial property investment. New Build Project: He talks about the challenges and successes of a new build project, particularly during the COVID-19 pandemic.Business Challenges and Shifts:
Family Business: Scott shares the struggles with his dad's door company, including losing a major contract. Capital Reallocation: He discusses winding down the business and using the capital to fund his property investments.Current Portfolio and Strategies:
Current Holdings: A mix of residential and commercial properties. Recent Acquisitions: Scott highlights recent property acquisitions and his focus on sourcing and scaling his business.Personal Growth and Future Plans:
Personal Development: Scott reflects on his personal growth through his property journey. Importance of Education: He emphasizes the value of continuous learning and networking. Future Plans: Exploring commercial property courses and further scaling his property business.Challenges and Reality of Property Investment:
Realities of Investment: The discussion covers the hard work and challenges inherent in property investment. Resilience: Scott stresses the importance of resilience and adaptability in overcoming setbacks.Follow Scott Dunsmore on Instagram: https://www.instagram.com/scottdunsmoreproperty__
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Visit Prime Property Auction website: https://primepropertyauctions.co.uk/
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**DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise.
🤝 Visit one of our monthly networking meet-ups. We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 Book your place at the networking events here
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In this episode, we welcome David Liddell, a young and energetic property investor, to discuss his journey, strategies, and recent projects. David shares his transition from an engineering career to property investment, highlighting key lessons, successful projects, and his plans for the future.
David's Background:
Grew up in Dunfermline, now based in Glasgow Former hydraulic design engineer in the oil and gas industry Shifted to property investment during the COVID-19 pandemicFirst Property Investment:
Location: Peterhead Type: Buy-to-let Outcome: Sold at a profit, igniting interest in property investmentTransition to Full-Time Property Investment:
Began focusing on property during the pandemic while working part-time in engineering Educated himself about property investment Left engineering job in April 2022 to pursue property full-timeProperty Strategies and Projects:
Involved in flips, assisted sales, deal sourcing, and service accommodation (SA) Advocates for focusing on one strategy at a time Manages properties with his partner, Samantha, including setting up service accommodationsNotable Projects:
Service Accommodation in Coatbridge:
Converted his home into a service accommodation Self-managed, resulting in cost savings and increased profitabilityThurso Property (Marine Inn):
Overlooks Thurso Beach Purchased for £385,000 (home report value: £425,000) Plan: Convert into a high-quality apart-hotel with six self-contained units Financing: Bridging finance and investor fundsProject in County Durham:
Large property bought at a discount (valued at £600,000, secured for £475,000) Plan: Refurbish and set up for group staysFinancing and Investors:
Raised approximately £700,000 in investor funds for various projects Stresses the importance of building a personal brand and maintaining a social media presence Most investors are connections from networking and business groupsConclusion:
David is dedicated to growing his property business and emphasizes delayed gratification and discipline. Future plans include expanding his property portfolio and continually improving business strategies.Listen to the full episode to hear David's insights and advice for aspiring property investors!
Follow David on Instagram!
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Visit Prime Property Auction website: https://primepropertyauctions.co.uk/
🔗 Subscribe and watch episodes on our YouTube channel
**DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise.
🤝 Visit one of our monthly networking meet-ups. We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 Book your place at the networking events here
⭐️⭐️⭐️⭐️⭐️ Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify.
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In this episode, Nick, together with Mark Shanta, dives into the Scottish property market, covering monthly updates, government policies, and their impacts on landlords and investors.
Episode Highlights
Impact of UK Election on Scottish Housing
Discussion of the upcoming UK election on July 4. Explanation that housing policies are devolved to the Scottish government, with elections set for 2026. Predictions on a potential shift in Scottish politics if Labour wins the UK elections.Scottish Government Policies
Critique of SNP's handling of rent controls and emergency legislation. Speculation on Labour's potential governance in Scotland post-2026 elections.Section 24 and Landlord Challenges
Discussion on Section 24, preventing landlords from claiming mortgage interest as a tax deduction. Impact of Section 24 on small landlords and the rental market. Comparison of SNP's policies and UK-wide policies affecting landlords.Housing Market Dynamics
Discussion on housing supply and demand issues leading to increased prices. Institutional investors like Blackstone buying properties due to high demand. Call for more housing stock and government incentives for building.Government Blunders and Temporary Housing
Discussion on Glasgow's expenditure on temporary accommodation due to housing shortages. Inefficiencies and the need for better allocation of resources to build affordable housing.House Price Statistics and Market Trends
Latest land registry stats show a 4.5% annual price increase in Scotland. Local market trends and predictions on house price stability. Impact of supply and demand on house prices.Rental Market Insights
Report on the slowing pace of rent increases. Observations on current rental market trends and tenant demand. Discussion on rental market dynamics and pricing strategies.Challenges and Experiences in Property Sales
Personal experiences of the hosts in property sales. Instances of price negotiations and challenges faced with solicitors and buyers.Future Outlook and Planning Policies
Need for better planning policies to incentivize building and regeneration. Discussion on the potential impact of future elections on housing policies.Follow Mark Shanta on Instagram: www.instagram.com/mshanta5------------------------------------------------------------------------------------------------
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Visit Prime Property Auction website: https://primepropertyauctions.co.uk/
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**DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise.
🤝 Visit one of our monthly networking meet-ups. We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 Book your place at the networking events here
⭐️⭐️⭐️⭐️⭐️ Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify.
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