For this wisdom-packed property education masterclass, Alex welcomes his biggest guest to date Mr John Howard one of the UK's most successful and influential commercial property investors. They discuss his property investment journey - how he went from working in his family's estate agency at 18 to building some of the UK's biggest commercial property developments. His latest one consists of over 150 apartments, and his next one is even bigger.

John keeps it real and talks about what you really need to be successful in today's property market. It´s a long episode, but you won´t regret listening to every word, the advice it contains is gold. Including, for example, how to get tenants who cannot pay the rent to willingly and happily leave your property without breaking any laws.

KEY TAKEAWAYS

• Be realistic, even very experienced developers have failures. But the tough times teach you the most.
• Property at its core is still a very simple business and natural entrepreneurs are good at it.
• If you are scared of failure, you will never make much money. But get the balance right, those who try to ignore reality lose money.
• Don´t be afraid of talking to agents, often you know a lot more about property than they do.
• Network and build rapport through talking to people in person. When you do, when they see a deal, it´s you they will call instead of someone else.
• People skills are huge. Push yourself to talk to people and build relationships.
• Mental health matters hugely. Protect yourself by switching off at the end of the day and giving yourself space to relax and think.
• If family members lend you money pay them the same interest you would anyone else. When you do, they will lend to you again.
• Buy below market value with enough head space so that the person you sell to can make a profit too.
• John shares a highly innovative, legal way to deal with tenants who can´t pay the rent.
• Treat investors with respect, but don´t get involved with them on a personal level and stick rigidly to your roles.

BEST MOMENTS

"My job is all about connecting with other people that I can do business with. It´s all about contacts."

“If you've got a property that you can't get vacant, it's worth 30% less than it is vacant, and you go from selling 100% of the market to 2% of the market.”

“If you say, Oh, we buy anything, you'll get nothing … Be very clear about what you want to do and how you want to do it.”

“Switch that bloody phone off at seven o'clock at night. You will feel freer, you'll feel more relaxed, and you'll be ready to switch it on at seven in the morning.”

EPISODE RESOURCES

https://www.johnhowardproperty.com/

https://www.youtube.com/@johnhoward3479

HOST BIOS

Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years.

This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle by design.’

Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.

CONTACT US

Facebook - https://www.facebook.com/alex.mannock/

Instagram - https://www.instagram.com/theairbnbnomadspodcast TikTok - https://www.tiktok.com/@theairbnbnomadspodcast

YouTube - https://www.youtube.com/@Lifebeyondbroke/

During this episode, Alex and Pooh answer a question from Jane in London. Jane has a new property ready to go, which has been decorated to a high standard and she is wondering if letting guests bring their pets with them is a good or a bad idea.

Alex and Pooh break down the pros and cons of offering pet-friendly accommodation and explain how to avoid some of the most common pitfalls.

https://airbnbconsultant.co/

KEY TAKEAWAYS

• If you are targeting the leisure market, letting people bring their pets can be a big draw.
• Relocation bookings are typically long and profitable and if you want to target this market being pet-friendly can give you an edge.
• Be realistic, there is a risk of damage, and not everybody is a responsible pet owner.
• Include a clear pet policy in your Terms and Conditions e.g. how many pets and the size or type of pets.
• Be clear about any extra pet-related fees.
• Check if your insurance covers pet damage and public liability for any accidents or incidents.
• Put in a robust checking and cleaning process to make sure the place is always pristine for the next guest.
• Finding out a bit more about the potential client and their pet will help you to make an informed decision. Alex and Pooh explain this in more detail, during the episode.

BEST MOMENTS

"The biggest question here is risk vs reward."

"Make an educated decision."

"You have to be realistic about it, there could potentially be a massive cleaning bill following every single turnover."

EPISODE RESOURCES

https://chargeautomation.com/

HOST BIO

Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years.

This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle by design.’

Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.

CONTACT US

Facebook - https://www.facebook.com/alex.mannock/

Instagram - https://www.instagram.com/theairbnbnomadspodcast

TikTok - https://www.tiktok.com/@theairbnbnomadspodcast

YouTube - https://www.youtube.com/@Lifebeyondbroke/

Today, Alex is joined by Zac Ratcliffe who at the age of 27, along with his life partner Eve, has already built a huge 70-unit serviced accommodation business. Doing so despite only having moved from Australia to the UK in 2019. They started with the rent-to-rent model and later moved into property management.

Zac shares the details of their entrepreneurial journey. In the process providing you with great information you can use to do the same. He covers closing deals in a competitive market, staying focused, building mental resilience, networking even when you are time-poor, systemising your business and much more.

https://airbnbconsultant.co/

KEY TAKEAWAYS

• Rent to rent is low-cost and is still a highly effective way to gain financial freedom.
• Sourcing deals is a numbers game.
• Be yourself, and be honest, Vendors need to trust you. Often, 20 or 30 people will be chasing the property you want.
• Understand why you are building your business. You need to know what your end game is.
• Initially you will have to work long hours. But make sure, you structure your business, so that at some point you can step back.
• You need to have lifestyle, financial and time freedom. If you lose one of those things, there is no point in running your own business.
• Education is key. Invest in yourself. Take the best courses and get a mentor.
• Business success requires mental resilience, so take care of your mental health and consider hiring a performance coach.
• Take action. Doing is the best way to learn.
• If you have a business partner, decide who does what by taking advantage of each person´s strengths.
• Zac and Eve are life partners too, so Zac also talks about keeping the relationship strong despite work pressures.
• Be clear about how you are going to scale. When you already know what your next step is you set your business up wisely so that it can grow fast.
• Journaling and manifestation practices work, they make you laser-focused.
• One over-demanding landlord can negatively impact your whole business. Be picky about the properties you manage.
• Help landlords understand how to improve their properties.
• Hire people before you desperately need them.
• Give your manager the power to make all of the reversible decisions.
• Networking is huge. Documenting your journey and sharing it on social media is a fast way to improve your networking power.

BEST MOMENTS

"People underestimate how much they can get done in one year in property if they just change their mindset."

"Get in front of the vendor rather than use agents."

"There's no point having financial freedom if you don't have lifestyle freedom."

EPISODE RESOURCES

Website- stayright.co.uk

M: +447535144940

E: zac@stayright.co.uk

Insta: zac.ratcliffe

HOST BIO

Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years.

This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle by design.’

Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.

CONTACT US

Facebook - https://www.facebook.com/alex.mannock/

Instagram - https://www.instagram.com/theairbnbnomadspodcast

TikTok - https://www.tiktok.com/@theairbnbnomadspodcast

YouTube - https://www.youtube.com/@Lifebeyondbroke/