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Category: July 2020

Business Protection: Key Person Cover

What is the most common, and single-most important thing when it comes to your business? – I think most will agree that it is: people! That’s right folks, whether you are a Richard Branson-level entrepreneur with big, multiple businesses, or a small sole-trading company, the most important aspect of your business is YOU and the […]

Staveley Developments

James and Laura Muse have been investing in property in South Yorkshire since 2012. Their portfolio includes Buy to Let, HMO and Build to Rents. They decided to move into property development full time in 2018 and they’re now working on their second new build project. We asked the couple to share their experiences on […]

Development Finance 101

If you’re looking at getting into new builds as part of your property investment, you need to get to grips with a different kind of funding. You can’t get buy-to-let (BTL) mortgages for a new build, and bridging lenders see this as a specialised area.  However, there are lenders who do specialise in development finance. […]

Is this the end of ‘Rent to Serviced Accommodation’?

Rent to rent is a subleasing strategy which allows you to rent a property from a landlord and then sublet as either a single let, HMO (house of multiple occupancy) or a serviced accommodation/apartment rental model.  If you are a serviced accommodation (SA) operator and you’ve still not managed to turn your business around during […]

The importance of Specification

Simply put, a specification is stating a precise requirement or giving a detailed description. Stating exactly what you want from your project in a specification document is the only way you can ensure you get what you expected throughout your development journey. You’re probably thinking, ‘where do I start?’ Well, start with the end in […]

It’s an Option!

HAYLEY GILBERT, COMMERCIAL SOLICITOR, DISCUSSES THE POSSIBLE USE OF OPTIONS IN RESIDENTIAL PROPERTY. Caption on image: Hayley Gilbert, Commercial Solicitor/Director of BWL Consulting Ltd-Darlington The use of option agreements is fairly commonplace amongst developers, particularly to allow a developer to pursue a planning application for development safe in the knowledge that they will get first […]

Lettings Update July 2020

There have been encouraging developments within the lettings market, triggered in mid-May when Housing Secretary Robert Jenrick set out plans to restart England’s property market. With many of those involved in the sale or rent of homes left in limbo during the lockdown period, the news that lettings and estate agents could once again re-open […]

Lockdown Makeovers

Whilst many refurbishment and development projects have slowed down or come to a complete halt during the last couple of months of lockdown, some property investors have maximised on having more free time and made the most of the rare opportunity to complete projects within their own homes. Here are a few examples of some rather inspired designs. 

Victorian-inspired library

Colleen, of Pendant Financial Services and property investor

“My house was built in the late 1860s so I wanted to design something that was in keeping with the Victorian period, but with a modern twist. The wallpaper, curtains, rugs and chairs are the classic design “The Strawberry Thief” by William Morris. I painted the custom-made shelving and cupboards two-tone for a more modern look, using Dulux Lost Lake and Golden Beet. The lamp is a Tiffany-style shade and the piano is a family heirloom. The books range from the mid-1800s and I am very fussy about what order they go in!”

WC glamour 

Shalona Beaumont, nurse, cake maker and property investor

“I am quirky and wild at heart. The wallpaper is from the Decorating Centre Online and I hung it myself, my friend made bespoke panelling (before Lockdown) to fit the room correctly and tie in with the theme. I painted the waterproof MDF panels with Zinsser AllCoat tinted to Black Blue by Farrow and Ball, also made up by Decorating Centre Online. The tiles are from CDT with a dark grey grout. The mirror belonged to my late Nan and the picture of the old pear soap was my late mum’s. The whole room was decorated around these two pieces. I am now in two-minds about creating a fake-plant ceiling to make it really individual!”

Home-schooling playtime heaven

Chris Garvey of CG Joinery & Building and property investor

“I’ve been wanting to transform the garden for the kids for the last two years but, being so busy completing projects for my clients, I’ve never had the time. I’m so thankful for the time the pandemic has given me. While my projects are on hold, I’ve been able to create something that my kids absolutely love and they spend most of their time playing with. It’s allowed the kids to let their imagination run wild – the castle has been a fortnite tower, princess castle, dungeon and climbing frame. Seeing them so happy whilst being outdoors has made me the happiest dad in the world! My kids are my world and building this for them has been the most satisfying and enjoyable project I’ve ever done.”

A return to normality… maybe

A return to normality (if there ever was such a thing) – well, not quite, but we are getting there… slowly. Social distancing will stay in place for some time and will have an adverse effect on the property market. The inability of valuers to visit property has either slowed some deals or killed them off […]

Mindset Matters

The majority of people who are successful in property, business and life in general speak of the importance of mindset. And in the current climate, perhaps more than ever there’s a need to maintain a positive frame of mind as much as possible.

We asked the members of The Property Thing network group in Darlington to share their hints, tips and general nuggets on how they look after their mental health and keep on pushing forward. If you would like to join this great group you can find them on Facebook.

Mel Firth

“Make sure your ‘Why’ is massive… If you’re lacking motivation and discipline during the pandemic, then it’s probably because your ‘Why’ just ain’t big enough.”

Alan Hopkinson

“I have seven golden rules: meditation, blocking out time into 1-hour slots, goal setting, exercise, key performance indicators, reading (and I’m including listening to podcasts here) and, obviously, curry :)” 

Rachel Tasker

“Follow Mel Robbin’s 5 Second Rule… No-one else is going to sort your sh*t out, so get up and sort it yourself!”

Paul Reade

“Focus on yourself first: exercise, meditation, journaling. Then LIGHTS-bulb moment. CAMERA-focused target. ACTION – to get results. Also, have fun along the way, the journey is more important than the result! Everyone’s rainbows and goals are different so no comparing!”

Sarah Burgess

“I remind myself that bad times don’t last. The rollercoaster of property and being an entrepreneur has ups and downs but it helps to step back, see the bigger picture and put things into perspective.”

Daniel Salvato

“What works for me is being super positive and talking. Don’t get involved with negative people. Don’t ignore emails and phone calls; if they build up they can cause stress. I complete all tasks, no matter how hard, straightaway. Spend time with family. I try to be in bed by 11pm and stay off my phone. Pamper yourself – you’ll feel better. Help others: when I do this I feel brilliant, stress is reduced and I sleep better!” 

Anthony Boyce

“I meditate for ten minutes every day, but the sun helps too!”

Jonathan Reynolds 

“Stay around positive people as much as possible – those people who want you to succeed and want the best for you. Do regular exercise and talk to others.”

Andy Binns

“Meditate to calm the mind. Limit negative thoughts – your subconscious mind will soak it all in. Walk in nature; get fresh air and sun – it’s a great stress detox. Avoid processed foods and sugar – they will cloud the mind. Breathe from the diaphragm to lower blood pressure, heart rate and the stress hormone cortisol. Take a cold shower to increase circulation, reduce brain fog and send shock waves of the happy hormone endorphins to the brain. Get a good night’s sleep to reduce cortisol and to help with concentration. Be grateful for what you have right now. Help others and be kind; it will give you a great boost.”

Jeremy Smith

“Those who rest on their laurels find themselves sitting on a thorn bush”

Paul Tinker

“Fear cannot exist in the present, it can only exist if you look at the future (‘what if…’) or the past (‘remember when…’). Being present will remove fear: focus on the moment and nothing else when you feel it. If the thing you think you fear becomes a reality then it’s in the present for you to deal with. Because it’s present – there’s no fear.” 

Paul Million

“I compartmentalise my time. I use my own version of The Pomodoro Technique to ‘Keep the main thing the main thing.’ When you achieve a task it gives you a shot of dopamine (chuffedness) and energises you. Inch by inch life’s a cinch. I recite my goals daily. I meditate with Joe Dispenza techniques. I create lots of notes, it feels great to sit and organise them. It’s then TIME to take action” 

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