Description
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/
Meet Tokeet Channel Manager, your ultimate all-in-one property management solution. It’s the game changer designed to boost your profits while simplifying every aspect of your operations. Join 60,000 rentals across 95 countries who trust Tokeet. Click below and discover Tokeet - the business...
Published 11/21/24
Meet Tokeet Channel Manager, your ultimate all-in-one property management solution. It’s the game changer designed to boost your profits while simplifying every aspect of your operations. Join 60,000 rentals across 95 countries who trust Tokeet. Click below and discover Tokeet - the business...
Published 11/18/24