Podcasts about best commercial

This week, we're shaking things and diving into some of your questions. In this light-hearted episode, Megan and I take on your customer enquiries sharing our thoughts and experiences along the way. We cover:

Imagine possessing a superpower that allows you to see what others can't - a power that could revolutionise your approach to investing in commercial properties. But in this realm, your power isn't about extraordinary abilities like flying or shooting lasers.  It's about getting your hands dirty with market research... So, what do I mean by that? When you first start out, you may be on the lookout for sale signs, rental listings, and online postings to grasp what's happening in your local area. Yet, it feels like you're not quite seeing the full picture, like something crucial is missing

Once upon a time, back in 2004, while Google was busy revolutionising email storage and Mark Zuckerberg was blissfully unaware of the social media titan he was creating, I stumbled into my very first commercial property deal. Fast forward 20 years, and while I'm no Facebook expert

In today's episode, we're shifting gears from our usual focus on commercial property investing to delve into the world of flat roofs. You might not know this, but I've spent over 25 years in the flat roofing industry. I've installed countless roofs over the years and have been running a company that supplies roofing products for over two decades. Needless to say, I've learned a thing or two along the way. While today's topic might seem a bit out of the ordinary, flat roofs can significantly impact property valuations and ongoing maintenance. My goal is to share insights from my industry experience that I hope you'll find valuable.We'll cover the basics of what makes up a flat roof, explore the various types of systems that can be installed, and discuss their unique features. Plus, we'll tackle some important questions, like: Why do flat roofs leak so much? Are warranties really worth the paper they are written on? Is the product more important than quality of labour? Is ponding of water really the kiss of death? What do blisters mean? (It's not a scary as it sounds, I promise

"How do you borrow money to buy a commercial property in the UK?" This is a question I get asked A LOT, especially by those new to commercial property investment. If you've been wondering about this yourself or need a refresher on the various options that are out there, then this episode is for you. We'll tackle some of the crucial questions every aspiring commercial property investor needs to know: How do you borrow money for a commercial property in the UK? How much deposit is needed? The ins and outs of bank finance and alternative lending options What factors affect your borrowing potential? Tips for overcoming the challenges of securing finance We'll explore the basics of high street lending, including loan-to-value and deposit requirements, income serviceability, and the crucial role of demonstrating your own experience. And as many of you might be thinking right now... If you lack experience in commercial property, don't discount your experience in other areas like residential property or business. It's all about effectively showcasing your skillset, building relationships, and earning trust through your results. We all have to start somewhere. Be sure to tune in to learn about the different ways to borrow money in the UK and enhance your knowledge, so that you can make the best decisions for your property investments. For more support or to dive deeper into the world of commercial property, make sure to join the CPI community and get in the swim. JOIN THE NETWORKIf you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours. Useful Links:CPI Website - https://commercialpropertyinvestor.co.uk/Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/    Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

Keep your business cool and your customers happy with First Mechanical's (321-521-4080) commercial HVAC repair services! Go to https://firstmechanical.com/mastering-comfort-the-ultimate-guide-to-commercial-air-conditioning-services-in-tampa-fl/ for more details. First Mechanical City: Melbourne Address: 2825 Business Center Boulevard Website: https://firstmechanical.com/

Do you already have some Residential and you're on the fence? Is Commercial for you? Today we are going to discuss some key differences between Residential and Commercial property investing to help answer these two questions for you (and help you make a decision on your investing strategies). It's important to know a Pension pot can make a serious difference to your Property strategies.  If you have a residential property and you have a pension (SSAS or a SIP); investing in residential is problematic and difficult. However, commercial property can sit inside a SSAS Pension. I am not a pension expert, but I do know how to make a CMO work in conjunction with a SSAS Some of the Key Differences at a glance; Commercial Vs. Residential Commercial Investing; Differences getting into the deal; such as Theres no additional Dwelling Supplement (ADS) with Commercial Land & Buildings Tax does apply VAT - it might be applied – but you could claim it back (including refurb). Can be up to 75% Loan to Value (LTV) The Valuations, Surveys and lawyers fees are generally more expensive. The contracts can also be more complex comparatively. So what about the Finance? LTV dependant on Vacant Possession Value (value of the bricks & Mortar) or Open Market Value (value of the income/quality of your tenant). Experience is important to lenders too (they want to know you've got it!) Less lenders in this sector Some will lend when the Commercial property is within a mixed portfolio, but your residential lenders might not. Return on Investment (ROI) and Cashflow can be much higher. Strategies- Commercial is not a single strategyTheres lots of strategies in Commercial just like in Residential. Buy to Let (B2L)Rent to Rent (R2R)Deal SourcingFlippingLease optionsSingle lets & Multi-letsHMO - CMOSA – Serviced offices There are many different locational differences; and values that will change depending on which sector you're in; what location you're in and what strategy you're in. ValuationsOne of the key things is comparable properties to yours. This is to directly evidence the valuation given. In commercial, the comparable are there but they're looking on the yields (What is the yield rate that the investors are expecting and paying for?), the covenants (quality of the tenant) & the length of the agreement (the security of the income). Make sure to listen in to get an overview on all the differences as well as help develop your own knowledge and research further to make the right decision for you and your property investing. If you'd like to know more and delve deeper, make sure to join the CPI community and get engaging now Key Moments “Commercial is not a single strategy; So strategies could be things you're very used to i.e. Buy 2 Let,Deal Sourcing, Flipping, Lease options, Single lets & Multi-lets, HMO - CMO & Serviced offices” “There are many different locational differences; and values that will change depending on which sector you're in; what location you're in and what strategy you're in.” “…You do have a choice of being passive or active as an investor; and ongoing as potentially an operator” “Most of the industry is geared up to people coming into the sector, to invest their money that they need somewhere else (rather than coming into commercial to try and develop equity & income and a living from commercial” “If you can double the yield… then you might actually be able to double the price.” “Why wait for the market to go up when you can force your own property value up (no matter what the market is doing” “It's a subtle difference” JOIN THE NETWORKIf you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours. Useful Links:CPI Website - https://commercialpropertyinvestor.co.uk/Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/  Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

Today we are diving into what's absolutely crucial to overcoming challenges and getting more success in commercial property investing (or any industry for that matter!). Maintaining a growth mindset is key for experts or beginners and this is best done through listening & learning yourself. It may seem strange as an expert as you're often seen as or treated like a leader or font of knowledge around your expertise; but there's still so much to learn. Do you manage to maintain your mindset when things become difficult? Or does it go by the wayside?  For instance, during tough times I have seen many investors get discouraged. Leading to a fixed mindset, where they cannot see out of the box (where they see their current difficulties are permanent and insurmountable. This mindset can stifle growth and innovation (it can be hard to come back) How to avoid a Fixed - Mindset Compartmentalising - this is where you treat things or process tasks and challenges separately. It is knowing when to park it to move on and deal with the next problem or task. The key is to recognise the things you can change or control to take pressure away from those that you have zero control or ability to affect in the immediate future. Along side this is the recognition of time; Rome was not built in a day and some things require time for others to act, processes to adhere to and stages to complete. Networking - Putting yourself out there to meet and see others working (which is inspiring and counterbalances & can really make the difference). Know when to Back Off (or when to push ahead). Its not an exact science. Its knowing when to go all in at the clutch, but equally when to step back and cruise to reserve energy. Embrace Challenges - see them as opportunities (Check out last weeks episode for more on this!). A chance to learn, rather than an obstacle. Acknowledge and learn from Criticism - use feedback as a tool for improvement. Recognise efforts and perseverance as well as the wins “ A growth mindset is the belief that abilities and intelligence can be developed; through dedication, hard work and continual learning" - Carol Dweck KEY MOMENTS "Mindset is simple; when you think or claim you know everything, your knowledge is limted to what you've achieved so far. thats it. finito!" "When you're focused on learning more & more every day; your mindset is set on growth" “This moment right there, is what I am talking about; The mountains have closed in, the weather's taken a turn and the navigation system is failing. “Some will give up, right here-and-now; most will push on. Some will then, when required, push on again. But even the strongest willed begin to have doubt…” “Even the strongest willed begin to have doubts… survival becomes the key focus, and not growth.” “A growth mindset fosters resilience, creativity and a willingness to take on challenges & to find out the best solution” “Challenges are inevitable, of course; but how we respond to them can make all the difference” “ I cannot overstate the power of focussing on one-to-one conversations with those around you (your mentors or mentees) as this is key to growth” Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

We are talking all about Perspective today; “Every now and then we need to step back from the coal face and review.” Whats working? what's not producing the right results? Systems and processes are always vastly important but sometimes neither of these are helping you past a roadblock to help. Are you making headway or are you stuck in a loop? Commercial property ebbs and flows, often feeling in one moment like wading through treacle then immediately bombarded by everything all at once. KEY TAKEAWAYS Successful property investment is a mix of three key things Access to funds - You need to access money to invest in property generally (either now, or later in some circumstances). Raising money could even be the key component you are missing. Access to money allows you to be agile and take opportunities as they arise. All is not lost if you don't have enough money, however it will help in future when you're prepared. Knowledge & Experience - Experience helps remind you of when and what to action; where you've perhaps had a pitfall before, or prior successes, will always lay a foundation on how to proceed in the future. This brings with it the knowledge on what to do next and is fundamental in successful property investment. However without taking action, it will always be difficult to start to gain and learn both knowledge & Experience (regardless of how many courses or trainings you may have sat- its the action that provides that last lesson). You need to build up some knowledge, and in time as we go on we gain experience. We can use other peoples experiences, but you will always need to ‘take the wheel' some time. & Opportunity - Opportunities are often subject to both of the above (access to funds and Knowledge & experience). Additionally, one investors opportunity is another investors nightmare. People often bring to me information on potential properties for sale; perhaps they don't have the knowledge or experience yet? An opportunity isn't necessarily a ‘building for sale'; it's a building for sale, with some upside. By looking for opportunities, you'll also be adding to your knowledge & experience All three of these mean nothing, if you're not taking action. If you're lacking in any three of these, networking will help you bridge the gap. A lot of people don't have all three, and will often use networking with purpose, to produce positive results. "Networking with purpose, backed up with action, will produce positive results." JOIN THE NETWORK - https://commercialpropertyinvestor.co.uk/work-with-me/ As we get better & better, each of these three components rise and mesh together. Key Moments “Opportunity without access to funds, or experience, is not really a true opportunity is it? An opportunity with access to money, but no experience, could end in disaster. Rarely does anyone have all three.” “Without access to money or opportunity, Knowledge and Experience is like a jam sandwich; without the bread.” “We've all met the course junkies; been on many courses, spent lots of money, but took no action. “ “Finding buildings for sale is one thing; but finding opportunities is harder” “If you've not prepared the ground work for investors, that opportunity may not wait” If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours. Useful Links: CPI Website - https://commercialpropertyinvestor.co.uk/Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/ Commercial Property Investor, properties, investment, Domestic, finance, how to, networkingProperty Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

This time I'm talking to Alexandra Livesey from Clockwise, a company specialising in transforming historical buildings into flexible workspaces. Alexandra discusses Clockwise's rapid growth from 3 to 16 buildings (and counting) across four countries in just a few years. She emphasises the importance of understanding and respecting the local community and heritage of each building, and shares insights on incorporating hospitality experience into the real estate sector, the importance of transparency in business, and the utilisation of the metaverse for virtual meetings.  KEY TAKEAWAYS Clockwise focuses on creating flexible workspaces that honour the history and community of each building they operate in. Clockwise's approach to building out spaces involves incorporating the local community's heritage and values, allowing for individuality and creativity among its members. Clockwise leverages transparency, scenario planning, and a strong team to drive success in the flexible workspace industry. The use of the Metaverse by Clockwise showcases innovation in connecting geographically dispersed members and enhancing emotional connections in virtual meetings. Alexandra emphasises the importance of aligning personal brand values with business ventures to ensure long-term success and growth. BEST MOMENTS "I think every building has a purpose... So what works in Exeter doesn't work in Glasgow or in Antwerp or Brussels."  "I think it will become more and more ingrained in what we do... this new generation is growing up intuitively using not only the real world, but also this virtual world."  "You always need to know what's the worst case and how you're going to deal with it."  "The thing about the metaverse is you actually have the ability to connect better because you're not only seeing the face... The exchange of and display of emotion in that environment seemed greater." JOIN THE NETWORK If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours. Useful Links: CPI Website - https://commercialpropertyinvestor.co.uk/ Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

Steel Masters is a professional commercial miscellaneous steel and iron fabrication and installation company located in New York. Steel Masters NYC City: Brooklyn Address: 135 Liberty Ave Website: https://www.steelmastersnyc.com/ Phone: +18885778335 Email: steelmastersnyc@gmail.com

I look into the question of whether one should go full-time in property investment. I have seen this question a few times lately and it is not about "should i quit my job", but rather should I ever go full time in property even if I have the income to do so. Drawing from personal experience and observations, I talk about the different perspectives on this topic, emphasizing the importance of understanding one's goals and circumstances before making such a decision. I'll share my own journey of transitioning to full-time property investment, the potential challenges and benefits of doing so, and the considerations regarding income, experience, and opportunities in the property industry.  KEY TAKEAWAYS Going full-time in property should be a decision based on individual circumstances, including financial stability and long-term goals. It is essential to have a clear understanding of one's financial situation and goals before transitioning to full-time property investment. Balancing day-to-day income with long-term investment growth can be achieved through a dual strategy approach. Seeking advice and gaining experience in the property industry is crucial, especially for individuals with significant income from other sources. Collaboration and support from individuals with diverse backgrounds and experiences can be beneficial in navigating the commercial property investment landscape. BEST MOMENTS "I've come across one or two podcasts and commentators saying that you should not be full-time in property, ever. And it made me think..." "Full-time is the end goal and the starting point all in one. They want to be free from a boss or another business with the annoying customers and challenges it brings." "For a lot of people, getting started in residential, they're sold, this is the outcome you're after. Get yourself free." "The big difference for me was that I could choose to work in the business rather than invest from the outside of the business." "It's just really important to understand where you're at and where those gaps are and try and fill them." JOIN THE NETWORK If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavors. Useful Links: CPI Website - https://commercialpropertyinvestor.co.uk/ Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

This time, I share the top five business expenses of running a multilet commercial flexspace portfolio, incurred by our business over the past financial year. I'll provide you with a detailed breakdown of costs, including energy, staffing, interest payments, maintenance, and cleaning. Through a comparison with the previous year, I highlight the significant increases in energy costs due to price increases and also touch on strategies for managing costs, projections for the upcoming year, and the impact of various factors on the business's financial performance.  KEY TAKEAWAYS The top five expenses for the business were energy, staffing, interest payments, maintenance, and cleaning. Energy costs saw a significant increase from the previous year, with wood pellets and electric expenses notably higher. Staffing costs remained relatively stable, while interest payments saw a substantial increase. Maintenance costs included both regular maintenance and improvements to the properties. Cleaning expenses are surprisingly high, with additional costs for waste management. BEST MOMENTS "Energy didn't used to be our most expensive part of our business, but it is now and has been last year." "I can't believe how much money we spend on cleaning." "Our turnover is increasing. It's not quite where we've projected, but hopefully we're going to get somewhere near that." VALUABLE RESOURCES JOIN THE NETWORK If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours. Useful Links: CPI Website - https://commercialpropertyinvestor.co.uk/ Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

I welcome back Bryn Walker, who on his return to the podcast is focusing on Small Self-Administered Scheme (SSAS) pensions and their intersection with commercial property investments. Bryn, an experienced SSAS advisor, shares insights on the flexibility and advantages of SSAS pensions for entrepreneurs. The discussion delves into topics such as the application process with HMRC, the potential pitfalls of pension scams, considerations for lending money from a SSAS, and the minimum financial requirements for setting up a SSAS.  KEY TAKEAWAYS  A SSAS pension offers flexibility for SME owners to invest in various assets beyond traditional pension options. Bryn is launching a new SSAS administration company called SSAS UK in May. Lending money back to the sponsoring employer in a SSAS comes with strict rules and considerations, such as security and interest rates. Lending money to third parties in a SSAS is seen as an investment and requires thorough due diligence and trust. The decision to set up a SSAS should be based on whether the investment justifies the annual running cost, rather than a specific minimum amount. BEST MOMENTS "I tend to find directors of small limited companies have requirements that are over and above normal because they're entrepreneurs and they tend to look for a more interesting type of pension arrangement."  "Anything that's put in place to reduce the likelihood of a pension scam, I would have to favour." "Everybody's circumstances are separate and different, and the way that SSAS works is complicated, and there's lots of, that lovely word, nuances, and you really need to get full and proper advice based around your circumstances."  JOIN THE NETWORK If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours. Useful Links: CPI Website - https://commercialpropertyinvestor.co.uk/ Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

I talk to special guest Gary Wilson, about all aspects of project development in the construction industry. Gary shares his extensive experience in construction, project management, and sales, providing valuable insights and lessons learned from his career. We look at topics such as the challenges of managing larger developments, the importance of trust and honesty in business relationships, and the significance of meticulous planning and attention to detail in project management. Gary also shares personal stories, including his background in kickboxing and his ventures into the alcohol business.  KEY TAKEAWAYS Gary has extensive experience in project development, starting from his background in construction and sales to his current role as a Construction Development Director at Taymouth Castle. Gary learned the hard way about the importance of trust and partnerships in business, especially from a past partnership that did not go as planned. This experience taught him to be cautious and selective in choosing business partners. Gary's involvement in various projects, such as the directional drilling under the River Tay, showcases his persistence and problem-solving skills. He faced challenges head-on and found creative solutions to ensure project success. Carefully assess opportunities, collaborate with industry experts, and take calculated risks to achieve success in all projects. BEST MOMENTS "So the only way we can make this work is I become equity in my equity sweat, and I make this work for you, but you cut me in the deal."  "So the offer's been concluded. It's been accepted and concluded. So we've now got to put the meat on the bones and take it from there."  "If I can teach you anything about developments, it's never, ever give up. Keep going. If you've got a dream, if you've got a belief, keep going, keep at it." JOIN THE NETWORK If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours. Useful Links: CPI Website - https://commercialpropertyinvestor.co.uk/ Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

In this episode, I interview Stephen Gallagher, a commercial property investor, who shares insights into his background in aerospace engineering and financial services, as well as his journey into property investment. He discusses his investment model with SSAS and details a successful project in Wishaw near Glasgow, where he transformed a CMO (Commercial Multiple Occupancy) property into a thriving serviced office space. Stephen elaborates on the financial aspects, including valuation, rental income, and the SSAS syndication strategy used for funding. He also touches on some future projects involving boutique apartments and aparthotels. KEY TAKEAWAYS Stephen's investment strategy with SSAS is the prime example of how to get good returns within a pension scheme. Stephen emphasises the importance of collaborating with others in the industry, sharing knowledge, and building relationships with professionals and investors. Starting with smaller projects, like the one in Hamilton, can build confidence and provide a stepping stone for larger commercial property investments. Utilising professional services like quantity surveyors and other experts can help in navigating construction costs, planning permissions, and other challenges in property development. BEST MOMENTS "I think engage with some folks that are doing it. I found quite a few individuals dotted around the country, around the UK, who are doing similar things who are incredibly helpful."  "I think one of the things I noticed as well going around yours, because you're getting great rates for your spaces, is when you have a very large building it's difficult to have scarcity."  JOIN THE NETWORK If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours. Useful Links: CPI Website - https://commercialpropertyinvestor.co.uk/ Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

Jeff & Linc give a quick recap of March Madness and the failure of Lincoln's once promising bracket, get into a pointless discussion as to if Victor Wembanyama should be DPOY (and give their picks for their NBA MVP predictions, and wrap it up with a draft of the best commercial jingles! Let us know what jingles we forgot, and do something nice for someone today!

Join me in this exciting episode as I sit down with Miro Miroslavov from OfficeRnD, a renowned prop tech software company. Together, we uncover the fascinating evolution of their software and highlight its crucial role in tackling the unique challenges of managing flexible workspace. Miro guides us through the company's growth and their strategic approach of integrating with top-tier solutions, rather than striving to be an all-encompassing platform. We also explore the significance of member experience, seamless data integration, and the future of AI in the industry. KEY TAKEAWAYS OfficeRnD is dedicated to offering an integrated platform that empowers various teams within an organisation to make decisions and easily replace specific components of the entire solution. OfficeRnD Flex offers prop tech solutions for flexible and co-working spaces, addressing challenges such as billing, member experience, and day-to-day operations. The company is prioritising the implementation of a Data Hub to analyse and centralise data for future AI integration to enhance business decision-making. They are working on improving the member experience by streamlining on-demand product purchases and integrating with various marketplaces for increased exposure. BEST MOMENTS "The first step for implementing AI is having very robust data. So we decided to use a new concept in the platform, something that we call Data Hub, to integrate different data pieces into one centralised place."  "One of the things that I'm still amazed at is a customer can go on our website, book up a space or a desk, pay the monies in the bank account before they turn up. It's amazing."  "Everything goes back to the culture of the organisation." "It's going to be interesting to come back to this in like two, three years' time, just to see where we're at, particularly the AI stuff. I just think some people's impression with AI is this all-seeing, all-thinking thing."     JOIN THE NETWORK If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours. Useful Links: OfficeRND - https://commercialpropertyinvestor.co.uk/meet-our-partners-officernd/ Book a Demo - https://ofrnd.com/flex-demo Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/ CPI Website - https://commercialpropertyinvestor.co.uk/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

I talk to Will Mallard about social housing in the commercial property sector. Will shares insights into the complexities of the sector, including the various categories of social housing and supported housing. He discusses how he got involved in social housing and provides examples of projects he has worked on. The conversation delves into the financial aspects of social housing, including the challenges and opportunities for investors. Will also highlights the importance of understanding the needs of local authorities and care providers when considering social housing projects.  KEY TAKEAWAYS The social housing sector is complex, with various categories and different interpretations and applications by local authorities and NHS areas. Lenders in the social housing sector may increase interest rates and impose stricter loan-to-value ratios due to uncertainty, making it crucial to secure a stable income stream for financing. A strategy in the social housing sector involves finding the ideal customer first, purchasing properties under market value, creating paper-based uplift, and potentially holding properties long-term for income. No English local authority has ever defaulted on long lease residential or supported housing payments, providing a level of stability for investors in the sector. For more information on the social housing sector and property investment, listeners can access the "My Property World" podcast hosted by Will Mallard on various platforms like Apple Podcasts and Spotify. BEST MOMENTS "There's approximately 200,000 people currently in supported housing of one form or another. And there's at least another 100,000 in terms of demand."  "One of the top points in this is around temporary accommodation, where there's a statutory obligation for a local authority to provide housing for anyone who presents with a housing need."  "No English local authority has ever defaulted on a long lease residential or supported housing payment. Not once."  "People are holding it for income, or the end owner, and that there's an appeal which is, I suppose, backable by a vision of a mortgage or some other lending product."  VALUABLE RESOURCES JOIN THE NETWORK If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours. Useful Links: CPI Website - https://commercialpropertyinvestor.co.uk/ Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

I'm joined once again by the marvellous Dean Booty, to discuss the ins and outs of the self-storage industry. Dean shares insights into his successful self-storage business, including the expansion from three to six sites in a short period. We delve into topics such as site acquisitions, revenue management, pricing strategies, and the impact of COVID-19 on the industry. Dean also introduces his comprehensive online course covering all aspects of self-storage operations, offering a special discount for CPI-podcast listeners! KEY TAKEAWAYS The online course offered by Dean covers a comprehensive range of topics related to self-storage business, from finding locations to operations and marketing strategies. Dean's course provides valuable insights into revenue management, pricing strategies, and customer acquisition techniques specific to the self-storage industry. The course includes practical tools and resources, such as population and self-storage data spreadsheets, to aid in decision-making and site selection. Dean's newsletter, mrselfstorage.com, offers daily updates on revenue, quotes, conversions, move-ins, self-storage tips, and industry news, providing a valuable resource for self-storage operators. BEST MOMENTS "That's the difference between being a super successful self-storage company or being a successful one."  "I genuinely look back and think, I am so proud of that. I'm so proud that I've done it."   _______________________   JOIN THE NETWORK If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours. Useful Links:DEAN'S COURSE ➡️  https://dean-booty.mykajabi.com/self-storage-secrets-2 CPI Website - https://commercialpropertyinvestor.co.uk/Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

I'm joined once more by Adam Lawrence, to focus on the impact of the recent budget on property investors. We discuss various aspects such as tax thresholds, capital gains tax, multiple dwellings relief, and the potential effects of upcoming elections on the property market. Adam shares his insights on navigating the current economic landscape and offers strategic advice for property investors.  KEY TAKEAWAYS Election Year Opportunities: Adam suggests that election years tend to offer opportunities for property transactions, especially when the election date is announced, as transactions tend to drop, presenting a window for contrarian investors to ramp up activity. Inflation and Property Ownership: Adam highlights that property owners are in a favourable position to take advantage of inflation, as property ownership is the second-best position in the economy to benefit from inflation. Commercial Property Outlook: Adam expresses a bullish outlook for commercial property, emphasising that leverage and asset acquisition in the face of inflation should ultimately work in favour of property owners. BEST MOMENTS "I think realistically, election years as a rule tend to offer opportunities right and where the budget you can you can imagine how some of that stuff we've discussed with the budget can be used in your communication with vendors." "The forecast looked magnificent, right? Second best people to take advantage of inflation, second best position in the economy, property owners. Very bullish, really."  "I think be ready, be ready to transact, be financially attractive. It's not the worst time in the world to be re-gearing stuff." VALUABLE RESOURCES JOIN THE NETWORK If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours. Useful Links: CPI Website - https://commercialpropertyinvestor.co.uk/ Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

I share insights into why I ventured into commercial real estate, how I found the project through networking and the process of financing the property. I delve into the specifics of the building, its initial condition, and the gradual transformation it underwent to increase its income and value, reflecting on the lessons learned from this project, emphasising the importance of networking, not solely relying on commercial agents' advice, and the impact of increasing income on property value.  KEY TAKEAWAYS Networking was key in finding the first commercial project, emphasising the importance of building relationships and connections in the industry. Don't solely rely on commercial agents' advice if they are not supportive, as their perspective may not align with your goals and opportunities. Luck played a role in finding a property that was the right size to afford a full-time person to manage it, allowing for scalability and growth. Increasing income can directly impact the value of the property, showcasing the potential for leveraging and enhancing returns. BEST MOMENTS "The income affects value. So the more you can increase the income, the more down the track you can affect value and possibly leverage against that." "I think, I'm hoping that by sharing a bit more details about that particular one, that you can see that actually there's a logic to it." "I was scared. And the reason why I wanted a joint venture partner was because I didn't want to do it on my own. I wasn't sure if it was going to work." "Our job on the consulting side of CPI, Commercial Property Investor, is to hold your hand through the process, to minimise the mistakes, and critically, to speed up the process." JOIN THE NETWORK If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours. Useful Links: CPI Website - https://commercialpropertyinvestor.co.uk/Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

I answer the crucial question of determining the optimal pricing for commercial spaces. I examine the significance of differentiation in setting prices and the importance of continuous testing to find the sweet spot in the market, and share insights on observing competition, exploring unique selling points, and adapting pricing strategies to suit the specific needs of the target market.  KEY TAKEAWAYS Importance of Differentiation: Emphasise the need to differentiate your offer from the competition to justify charging a higher price. Continuous Testing: Advocate for ongoing testing of different price points and product mixes to find the optimal market price. Open-minded Pricing: Encourage flexibility in pricing strategies and avoiding rigid adherence to market norms. Utilise Scarcity and FOMO: Suggest leveraging scarcity and fear of missing out to drive decision-making and urgency among potential clients. Brand Building: Highlight the significance of building a strong brand identity to command higher prices and attract discerning clients. BEST MOMENTS "Testing is key. Try different price points and product mixes to find the optimal market point."  "Differentiate your offer to charge a different price. Personality, design, and quality matter."  "Don't follow the market blindly. Be brave, test, and push for the optimal price."  "Scarcity, time-sensitive offers, and FOMO can drive decisions. Use these tools wisely." "React strategically, gather information, and test again. It's a fun part of the business."    JOIN THE NETWORK If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours. Useful Links: CPI Website - https://commercialpropertyinvestor.co.uk/Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

As a follow on from the episode from the 8th of Feb about hidden transaction costs, I talk through the costs and actions that need to be factored from the date of the transaction until the commercial property is refurbished and let out.  It is all the little things that add up and some new investors are not aware of when they calculate the project viability. I cover 3 distinct parts: Considerations when carrying out a transaction, as a buyer. Costs to account for between the purchase and build-out, essentially for professionals, which may have to come out of your pocket. Ongoing costs once you have the keys, even while the property is empty and nobody is using it. This episode is for those who want to know about any hidden costs once they are holding an unoccupied commercial property, whilst waiting for planning, building works or for a client to move in.  JOIN THE NETWORK If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours. Useful Links: CPI Website - https://commercialpropertyinvestor.co.uk/Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

What are the differences between traditional asset management and the unique approach taken by CMO property development. I'll discuss the importance of adding long-term value through active redevelopment and ongoing refurbishment of neglected buildings, urging you to consider the long-term implications of certain buy and hold investment strategies and highlight the importance of actively driving value creation.  KEY TAKEAWAYS Value Addition Over Asset Management: Add value through redevelopment and repositioning rather than just managing existing assets. Active vs. Passive Investment: This stresses the choice between actively managing the property post-redevelopment or passing it on to an agent for management. Resilience and Confidence: Develop resilience and confidence in their investment strategies despite industry norms. Control Over Market: It's vital to be in control of the value of the property rather than relying on market growth. CMO Strategy for Growth: CMO strategy allows investors with smaller pools of money to grow their asset base and leverage for future investments. BEST MOMENTS "Asset management is the normal approach to investment properties. But some of the stuff we're buying is not graded as an investment property, investment stock."  "I'm sick of reading and hearing about asset management, or worse still, the suggestion of speculatively investing in assets that maybe in an up and coming area."  "The real business is finding older buildings that don't suit modern requirements, reconfiguring them, repositioning them for modern demand. That's the adding value bit."  "CMO for me is a fantastic strategy and it allows investors with smaller pools of money to grow up their asset base and to use leverage to then buy the next one."  JOIN THE NETWORK If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours. Useful Links: CPI Website - https://commercialpropertyinvestor.co.uk/Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

I am joined by Michael Crookson to delve into the world of tech solutions for commercial properties. With over 20 years of experience, Michael shares insights on managed data, voice, and cabling solutions offered by Datel Solutions. The conversation covers the evolution of telephone systems from traditional lines to cloud-based solutions, emphasising the importance of infrastructure planning and integration for seamless operations. We give practical advice on optimising connectivity, future-proofing buildings with Cat6 cabling, and the benefits of embracing AI and automation in property management.  KEY TAKEAWAYS Proper planning and consideration of connectivity options are crucial before investing in a property to avoid costly infrastructure challenges later on. Emphasise the importance of future-proofing buildings by installing Cat6 cabling and structured infrastructure to support evolving technology needs. Highlight the significance of early engagement with telecom experts to streamline operations and enhance tenant experiences. Encourage developers to prioritise maintenance and refurbishment planning to avoid costly and disruptive issues in the future. BEST MOMENTS "Technology has evolved. Back in those times, a telephone system was there to simply make and take calls. But now we're speaking to businesses about integration with third-party solutions." "We still provide what are called SIP channels for on-premise solutions, but a SIP channel is essentially using the internet to deliver voice." "Businesses don't pay for calls any longer. That's a thing of the past. So essentially, what we provide is a cloud license with a minutes bundle attached to it and a handset." "I think a real buzzword at the moment is automation. It's integrating systems so that businesses can simplify operations and really enhance a customer, a client experience." JOIN THE NETWORK If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours. Useful Links: CPI Website - https://commercialpropertyinvestor.co.uk/Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

The real cost of looking after properties long term is so overlooked. It's a crucial yet often overlooked aspect of long-term property investment and it frustrates me to see investors who fail to properly consider the inevitable need for property refurbishment over time. Some base their numbers on the initial purchase and some refurbishment but no follow up costs for the medium to long term. KEY TAKEAWAYS Consider long-term maintenance and refurbishment costs: Investors should factor in the inevitable need for property refurbishment over time, including major expenses like boiler replacements and roof repairs. Mitigate costs through dilapidations clauses: Landlords can protect themselves by including strong dilapidations clauses in leases, ensuring tenants are responsible for maintaining the property's condition. Take deposits and set expectations: Collecting deposits from tenants and setting clear expectations for property upkeep can help cover wear and tear costs when tenants vacate the space. Establish a sink fund for maintenance: Setting aside a portion of rental income for a sink fund can help cover big-ticket maintenance items like full property refurbishments in the future. Stay proactive with maintenance: Regularly maintaining the property, addressing issues like water damage promptly, and keeping communal areas in good condition can help prolong the need for major refurbishments and preserve rental income. BEST MOMENTS "It just frustrates me a little bit that people don't really think properly about long-term investment." "There's some really cast iron dilapidation clauses." "At some point you're going to need a chunk of change for a full refurb." JOIN THE NETWORK If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours. Useful Links: CPI Website - https://commercialpropertyinvestor.co.uk/Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

This time I'm joined by my CPI co-conspirator Megan Brown. We talk through the lessons we have learned from operating shared coworking spaces over the last 5 years and share some of the customer facing stories that have stuck with us. We discuss the membership models we offer and how we have responded to customer demand. Our offer has evolved over time as we have learnt what works and what hasn't worked for us. If you are starting out on a coworking journey then this episode should give you lots to think about. If you are already operating in this space then this episode will either have you laughing and nodding along to our trials and tribulations or at least laughing at our progress  

I discuss the importance of optimising space in commercial properties, specifically focusing on the layout and placement of toilets. I look at the value of windows in office spaces and suggest considering the relocation of toilets to free up window space, as rooms with windows can be rented out at higher rates. I also highlight the practical considerations involved in moving toilets, such as plumbing and drainage, and share my experiences and strategies for successfully reconfiguring spaces to maximise their potential. KEY TAKEAWAYS Optimising space in commercial properties is crucial for maximising value and attracting higher rental rates. Toilets with windows can be a wasted opportunity for valuable office space, so consider relocating toilets to free up window space. Plumbing and drainage considerations are important when moving toilets, as gravity and proper connections are necessary for effective waste management. Partitioning and designing toilets with multiple doors can help alleviate awkwardness and improve privacy for users. Utilising windows for offices can provide natural light and ventilation, reducing the need for additional ventilation systems and enhancing the overall quality of the space. BEST MOMENTS "But the more you go through the numbers and the longer you hold on to this building, the more important it becomes that you optimise your space as best as possible."  "So, one of the things I try and do is stack the toilets, not on top of each other but per floor, so that you've got this service void that you can put your new plumbing in."  "I would really, really encourage you to try and do that because it's so important."  "When we reorganised everything, put the toilet core into a different area, opened up all those windows, changed the whole feel of that space, we're getting five times that amount." VALUABLE RESOURCES If you want to learn more about investing in Commercial Property why not consider joining the CPI-Network of commercial property investors, who are working, learning and supporting each other on the Get in The Swim Membership https://commercialpropertyinvestor.co.uk/get-in-the-swim/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

This time, I talk about the importance of market research and due diligence when entering a new market location. I'll share six vital numbers that investors should know, including local area square foot rates, competitor occupancy levels, operating costs, build-out costs, market capital costs, and cap rates. I also provide methods for gathering this information, such as online searches, talking to agents, reviewing competition, checking out developments, and networking.  KEY TAKEAWAYS It is important to gather information about the local area, including the square foot rate or desk rate, competitor occupancy levels, operating cost per square foot, build-out costs, market capital costs, and cap rates or yields investors are seeking. Methods to gather this information include online research, talking to agents, reviewing competition, checking out developments in the area, looking at the requirement list, placing ads, and networking. It is crucial to physically visit the area and observe what is happening on the ground and where investments are going. Negative or positive findings about an area should not immediately rule it out, as problems may lead to better opportunities. Ultimately, it is up to the individual to gather and analyse the information to make informed decisions about investing in a new market location. BEST MOMENTS "What are the steps to ascertaining market demand in a new market location that you haven't owned anything in before?"  "Nothing beats getting in the car or on your bike if you're that way inclined, and taking a look about on the streets. Only then do you see what sidenof the tracks are better and where the investments are going."  "If an area is up and coming, there are developments going on, but maybe not too much, then you know those are some big ticks ✅ in the boxes."  VALUABLE RESOURCES If you want to learn more about investing in Commercial Property why not consider joining the CPI-Network of commercial property investors, who are working, learning and supporting each other on the Get in The Swim Membership https://commercialpropertyinvestor.co.uk/get-in-the-swim/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

I talk about the various costs involved in buying a commercial building, highlighting the importance of considering VAT, land and buildings tax, lawyer fees, title searches, finance fees, and accountant projections. I also look at the need for surveys, feasibility studies, and insurance, and tell you why you need to be aware of ongoing costs such as utilities, fibre installation, and business rates.  KEY TAKEAWAYS VAT (Value Added Tax) is a significant cost to consider when buying a commercial building, as it can add an additional 20% to the purchase price. Land and buildings tax, or stamp duty, is another cost to factor in when buying a commercial property. It is a progressive tax that increases with the price of the building. Lawyer fees, both for the buyer and the bank, are necessary expenses when purchasing a commercial building. Additionally, if the building costs over a certain amount, separate legal firms may be required. Accountant projections may be needed when seeking bank financing for a commercial property. These projections provide a professional assessment of the financial viability of the project. Ongoing costs to consider after purchasing a commercial building include utilities, insurance, business rates, and water charges. These costs can vary depending on the size and usage of the property. BEST MOMENTS "One of the key ones that a lot of people actually forget about, and if they're working with the same advisors they do with residential, their advisors may not necessarily bring this up until the last minute, when they remember, it's actually the big one: VAT."  "Land and buildings tax could be less than RESI, might be slightly more depending on what the size is, but VAT does need to be included in that."  VALUABLE RESOURCES If you want to learn more about investing in Commercial Property why not consider joining the CPI-Network of commercial property investors, who are working, learning and supporting each other on the Get in The Swim Membership https://commercialpropertyinvestor.co.uk/get-in-the-swim/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

We start with talk on new Iowa OC Tim Lester, Super Bowl talk, and the first ever Rosie's award show presented by Elrays bar in Iowa City. Awards include: Hottest take of the year, Elrays athlete of the year, Thrilling moment, Foodie of the year, Iowan of the year, Big Ten Relegation, NFL rookie of the year, Brian Ferentz call of the year, Myth of the year, Moment of the year, Best Commercial, Most Conservative, Best under, Best Press Conference, PJ Fleck of the year, Heisman Trophy. 

I explore the importance of trusting your gut as a savvy investor, emphasising the need to pay attention to signals and cues from potential clients, particularly in terms of communication and decision-making.  I highlight the significance of clear vision and business acumen in successful deals, urging you to trust your instincts when something doesn't feel right. I also discuss the importance of mutual respect in professional relationships and the value of saying no when necessary.  KEY TAKEAWAYS Trust your gut. Your gut can pick up on signals and red flags that may indicate potential issues with clients or deals. Pay attention to the consistency and clarity of communication from potential clients. Smooth and transparent communication is a positive sign, while sporadic and vague communication may be a cause for caution. Clients who constantly change their minds or can't settle on what they want can be a red flag. A clear vision is important for a successful deal, so if a potential client is indecisive, it may be time to reassess. Look for clarity in what potential clients do and their level of business acumen. While startups can be a good addition, it's important to assess if they have a clear plan and understanding of their business. BEST MOMENTS "Get through the pain of saying no as quickly as you can."  "Your gut knows that that clear vision is really important for a successful deal."  "And every no is a lesson, right? Every successful deal is a testament to your growing instincts."  "Trust your instinct. In the business world, clarity is really important." VALUABLE RESOURCES If you want to learn more about investing in Commercial Property why not consider joining the CPI-Network of commercial property investors, who are working, learning and supporting each other on the Get in The Swim Membership https://commercialpropertyinvestor.co.uk/get-in-the-swim/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

This time, I address a common question: what is the best commercial property investment strategy for beginners? I share my own experiences in the world of commercial property investing, dispelling any glamorous notions and highlighting the practical challenges i've faced. I also discuss the importance of taking action and getting started, even if it means starting with a simple buy-to-let property or a small-scale mixed-use development, and encourage you to tailor your initial investments to your comfort level and goals KEY TAKEAWAYS The best commercial property investment strategy for beginners may vary depending on their comfort level and aspirations. Starting with a simple buy-to-let property with a tenant already in place can provide confidence and help get things moving. Consider exploring more interesting options, such as small mixed-use developments or commercial multiple occupancy, to add value and gain experience. Overcoming inertia and taking action is crucial, even if it means starting with a safer and less risky investment. Building a network, earning street cred, and gaining experience are valuable benefits that come with taking action in the commercial property market. BEST MOMENTS "What is the best commercial property investment strategy for beginners?"  "Baby steps might be the right answer."  "A straightforward buy to let with no tenant will give you that ability to add value."  "The most expensive thing though, the thing that will cost you the most is actually probably doing nothing." VALUABLE RESOURCES If you want to learn more about investing in Commercial Property why not consider joining the CPI-Network of commercial property investors, who are working, learning and supporting each other on the Get in The Swim Membership https://commercialpropertyinvestor.co.uk/get-in-the-swim/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

I'm joined by Paul Million to discuss the importance of mindset in achieving a higher level of success. We delve into the challenges and tips for maintaining a positive mindset, even in the face of distractions and setbacks, touching on personal experiences, childhood traumas, and the power of belief coding. As we discuss, there's a need to be kind to oneself and to embrace self-acceptance. We also explore the concept of setting goals and finding a balance between ambition and contentment.  KEY TAKEAWAYS Having a positive mindset is important for personal and professional growth. Mindset can be developed through education, self-belief, and positive self-image. Setting goals and visualising success can help in maintaining a positive mindset. It's important to be kind to oneself and practice self-compassion, especially during challenging times. BEST MOMENTS "I've been doing some energy healing lately. I've been doing some belief coding and I believe that life's an exploration."  "It's all down to belief. And Richard Perry, he has a great book, Strategy Navigation." "I'm not a grinch, but I just don't enjoy Christmas as much as I should."  "I felt like I had a wrecking ball on my chest, not knowing which way to turn."    Find Paul on Linkedin: https://www.linkedin.com/in/paul-million   VALUABLE RESOURCES If you want to learn more about investing in Commercial Property why not consider joining the CPI-Network of commercial property investors, who are working, learning and supporting each other on the Get in The Swim Membership https://commercialpropertyinvestor.co.uk/get-in-the-swim/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

This week, I'm exploring the topic of identifying signs that a customer may be considering moving on to a different property partner. Drawing parallels to personal relationships, I talk about the importance of recognising subtle clues that indicate a client's potential unfaithfulness. From changes in behavior and communication patterns to secretive property searches and hesitations during lease or license negotiations, I'll provide you with a playful guide to interpreting these signs.  KEY TAKEAWAYS Pay attention to signs of a wandering eye: Look for signs such as ignoring messages, cutting short conversations, or avoiding eye contact, which may indicate that a customer is considering other options. Changes in behaviour can be a red flag: If a tenant's behaviour takes a different turn, such as using different types of communication or showing hesitations or reluctance to discuss lease renewals, it could be a sign that they are exploring other options. Look out for secretive property searches: Similar to hidden dating profiles, tenants may discreetly search for other properties or have discussions with other landlords about breaking their agreement early. Unusual requests or inquiries about breaking a lease or license can be indicators of potential unfaithfulness. Build relationships with local agents and competition: Fostering relationships with local agents and competitors can provide valuable information about clients who may be considering a move. Sharing information about difficult clients and maintaining open communication channels can help stay ahead of potential departures. BEST MOMENTS "Sometimes they find it really hard not to give off that signal. It might be that they just care for you and they want to let you down gently."  "Those secret property searches are like hidden dating profiles. They're out there. They've maybe searched with a local agent or they've maybe searched with a national agent."  "Do you confront or do you inquire? This depends on your relationship. Do you have one of your staff members perhaps or yourself who has an ear of an employee or a business director in the said business?" VALUABLE RESOURCES If you want to learn more about investing in Commercial Property why not consider joining the CPI-Network of commercial property investors, who are working, learning and supporting each other on the Get in The Swim Membership https://commercialpropertyinvestor.co.uk/get-in-the-swim/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

Let's address the question on every investor's mind: Is 2024 a good year to dive into commercial real estate? Turns out, the answer to this question is highly personal and depends on each investor's circumstances. I'll share my observations of the market, noting that while there were some challenges towards the end of last year, the new year has brought positive signs with increased inquiries and viewings.  KEY TAKEAWAYS The dynamics of the commercial property market are shifting, creating both challenges and opportunities. The decision of whether 2024 will be a good year for investing in commercial real estate depends on each individual investor's circumstances. Optimism, planning, and action are key factors in navigating the market and making the most of opportunities. Different sectors of commercial real estate, such as office space, industrial, storage, and retail, have varying trends and dynamics. Investors have control over their own commercial property journey and can shape their success through active participation, knowledge gathering, and decision-making. BEST MOMENTS "It's kind of a loaded question, really, isn't it? Should investors be getting into commercial in 2024? Well, The truth is, it's incredibly specific to each investor's circumstances."  "The dynamics of the market are shifting, right? It's creating both challenges and opportunities, but that uncertainty and some of the financial hurdles and different things might be causing problems, but they're also driving down some prices."  "I think optimism planning and action are the three key factors here. And sure, if you're maybe a wee bit of a You're finding it difficult to have optimism. As long as you're taking action and you're planning, then that's going to make a big difference."  "So is 2024 going to be a good year? The answer lies in your hands. It's more about making plans, taking necessary actions and being prepared for the opportunities that will undoubtedly arise." VALUABLE RESOURCES If you want to learn more about investing in Commercial Property why not consider joining the CPI-Network of commercial property investors, who are working, learning and supporting each other on the Get in The Swim Membership https://commercialpropertyinvestor.co.uk/get-in-the-swim/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

This time, I talk about the challenges and opportunities facing high streets in the UK, sharing my own experiences as a commercial property investor and operator, as well as insights from working with other investors in the industry. I'll talk you through various factors affecting high streets, such as business rates, parking, transport, planning, and the changing retail landscape, emphasising the need for a holistic approach to revitalising town centres, including a mix of uses, experiences, and residential spaces.  KEY TAKEAWAYS The high street is facing challenges, but there are opportunities for investors and operators. Each town and high street has unique circumstances and requires a tailored approach to regeneration. Business rates and inflexible rate systems are a major obstacle for businesses and landlords. Parking, transport, and planning policies play a significant role in the success of high streets. Bringing more residential spaces into town centres can contribute to their revitalisation BEST MOMENTS "The new minimum wage. Whatever the logic for £11.44 an hour, whether it's political, social, whatever, the result, or one of the results, is that food and beverage establishments and retail are going to find it incredibly difficult not to put prices up considerably."  "The levers are similar, but the combinations can be quite different."  "The income generation for government in city centres is through business rates. Now, OK, maybe through parking tickets too. But it's through a business rate system. And it's all about retail space."  "The new high streets won't just be about selling goods. The mix will include shops, but could also include housing, offices, sport, schools or other social, commercial and cultural enterprises and meeting places." VALUABLE RESOURCES If you want to learn more about investing in Commercial Property why not consider joining the CPI-Network of commercial property investors, who are working, learning and supporting each other on the Get in The Swim Membership https://commercialpropertyinvestor.co.uk/get-in-the-swim/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

This time, I'm talking to John McCauley, the founder of Grit Studios, a unique niche in the commercial property market. John shares his journey of merging his passion for art with his property expertise, creating a thriving community of artists in Stockport and Manchester. He discusses the challenges and successes of building a brand and community, the importance of finding the right buildings and locations, and the potential for scaling the Grit Studios model.  KEY TAKEAWAYS Building a strong brand and telling a compelling story can open doors and attract potential partners and landlords. Focusing on a specific niche or target audience can create a sense of community and provide unique value to tenants. Transparency and open communication with tenants about pricing and expectations is important for building trust and maintaining a sustainable business model. Scaling the business may require hiring additional staff to manage operations and foster community growth. Engaging with local councils and community groups can help create partnerships and opportunities for placemaking and community development. BEST MOMENTS "I think as we get more sophisticated, moving forward that maybe we don't want to sell our soul but maybe there's bigger businesses who've got bigger budgets who would pay a little bit more to be around." "We're very anti-establishment, I think, in the way we operate"  "I think, we probably do a little bit too much in some respects in terms of, if we calculated our hourly rate, it probably isn't fantastic because we probably do throw the kitchen sink at it sometimes."  "As we start to scale, those are two recruits that we'll be looking to bring."  VALUABLE RESOURCES If you want to learn more about investing in Commercial Property why not consider joining the CPI-Network of commercial property investors, who are working, learning and supporting each other on the Get in The Swim Membership https://commercialpropertyinvestor.co.uk/get-in-the-swim/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

In response to a recent question in the Commercial Property Investor Facebook Group I asked Anthony Boyce join me to discuss our experiences of redeveloping listed buildings including the processes and challenges we have had to deal with over a combined number of projects  We look at the importance of allowing extra time for the planning process and highlight the need to invest in thorough documentation and research into the history of the building. We also discuss the financial benefits and unique features of listed buildings that make them attractive projects to work on, sharing our experiences and offering advice on how to navigate the additional requirements and considerations that come with working on listed buildings.  KEY TAKEAWAYS Listed buildings require additional time and planning due to their historical significance and the need for conservation. Working with listed buildings can offer unique and interesting projects with financial benefits. It is important to work with heritage consultants or conservation architects to navigate the additional requirements and documentation needed for listed building consent. There may be grants or funding available for certain aspects of the project, but it is important to carefully consider the long-term sustainability of the building. Detailed analysis and upfront investment in drawings and statements can help streamline the planning process and minimise restrictive conditions. VALUABLE RESOURCES If you want to learn more about investing in Commercial Property why not consider joining the CPI-Network of commercial property investors, who are working, learning and supporting each other on the Get in The Swim Membership https://commercialpropertyinvestor.co.uk/get-in-the-swim/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

In this episode I thought it was time to review the goals we had for 2023 and share my plans and expectations for the upcoming year. There were a few including increasing monthly turnover, improving energy costs, finding a new location, and developing The CPI network. Have listen to seemhow they all turned out. I also talk through our plans  for the 2024, including further redevelopment of office space, finding an eighth building, reorganising finance, and growing The CPI Network   KEY TAKEAWAYS The goal for 2023 was to increase the monthly turnover to 125k by June 2024, and we are currently roughly on target

https://www.instagram.com/ashleylaurenofficial/ Ashley-Lauren Elrod is an award-winning triple-threat, versatile professional with proven acting, producing, casting, directing, and production design expertise. Her unique approach to media, film, and marketing makes her a highly sought-after industry dynamo who is known for her exceptional thought leadership and nonprofit advisory work. She is the CEO and Founder of Visionary Woman Productions, a diverse female-owned production company helping to change the world one project at a time by consciously partnering with brands and productions who are aiming to do the same, while supporting her non-profit partners, The Chicago Children's Advocacy Center to help battle child abuse and trafficking in the United States. Recently, her team worked on the Dove Cost of Beauty Campaign for the Kids 2023 Online Safety Act which was nominated for an Emmy award for Best Commercial of 2023. Ashley-Lauren is a true champion of diversity, safety, and inclusivity in all aspects of entertainment, media, marketing, and advocacy. She brings fresh perspectives, energy, and spirit to every project she takes on. Her passion is to impart the tools and knowledge to help people lead a fruitful and audaciously authentic life and to assist clients in achieving their creative vision through bold, audacious moves. .

I talk to Anthony from Rocket Group, a multi-disciplinary property development company, who shares his experiences of developing and running multiple businesses within Rocket group. From investing & developing to architecture and even archaeology.  He talks about his background in architecture and his transition into property development., and then we delve into specific projects, such as a church conversion and a mixed-use development, highlighting the planning process and the importance of delegation.  KEY TAKEAWAYS Anthony has experience in developing listed buildings and sees opportunities in this area due to less competition. Anthony shared his experience with a church conversion project, highlighting the importance of involving conservation officers early on and presenting extreme versions of the proposed plans to negotiate and find a middle ground. There are challenges in finding properties where the conversion costs are higher than the resale value, which reinforces the need to consider the pound per square foot sale rate in an area. There could be potential impact of future market changes, such as interest rates and inflation, but we should have confidence in the property market's resilience and our ability to adapt to new circumstances. BEST MOMENTS "I've said yes to a lot of things and maybe regretted some of them afterwards."  "I think with the free money that was given out basically over COVID, I think that's set a precedent now, hasn't it?"  "I just go to sites or go to projects and then try and think of how best to make money on them." "Certain conservation officers would rather see something fall down... it's a very odd environment sometimes."  VALUABLE RESOURCES If you want to learn more about investing in Commercial Property why not consider joining the CPI-Network of commercial property investors, who are working, learning and supporting each other on the Get in The Swim Membership https://commercialpropertyinvestor.co.uk/get-in-the-swim/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

I talk to Chris and Andrew from Brightstone Spaces who discuss their journey in the property industry and their recent projects, sharing how they transitioned from residential property to commercial property, and highlighting the challenges and opportunities they encountered along the way. They delve into the details of two specific projects, including a shop and uppers conversion and a large office space in Falkirk, as well as the process of finding and securing these properties, the refurbishment work involved, and their plans for generating cash flow through serviced accommodation and office rentals.  KEY TAKEAWAYS It's important to find stagnant or fresh properties in the market to maximise opportunities. Chris and Andrew, have been friends for over a decade but decided to go into business together during the pandemic. They initially focused on residential property but later shifted their attention to commercial property. Chris and Andrew successfully completed a flip project in the residential market, which gave them the confidence to continue in property investment. They then ventured into buy-to-let properties and serviced accommodation, which provided higher cash flow compared to traditional residential buy-to-lets. Funding for the commercial property project was initially planned through a bridge loan, but Chris and Andrew were fortunate to connect with potential angel investors who were interested in providing funding. This allowed them to secure the property and proceed with the refurbishment at a better rate. They highlight the power of networking and building relationships in the property investment industry. BEST MOMENTS "It felt like a lot of money, a lot of effort, and a lot of time."  "We're talking about 2,200 basically is the number we've got in terms of cash flow."  "It's like starting a new business." "We were very lucky that a couple reached out and said they were interested in being part of it."  VALUABLE RESOURCES If you want to learn more about investing in Commercial Property why not consider joining the CPI-Network of commercial property investors, who are working, learning and supporting each other on the Get in The Swim Membership https://commercialpropertyinvestor.co.uk/get-in-the-swim/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

This week, I'm talking with Adam Lawrence, a property investor with a vast portfolio and an economics background. While the conversation touches on Lawrence's property ventures, the focus is primarily on the economics, particularly the Bank of England and interest rates. We discuss the concept of forward guidance and its effectiveness, as well as the accuracy of economic forecasts. Adam provides insights into the factors influencing inflation, such as external events like the Ukraine crisis and their impact on commodity prices. We also delve into the role of interest rates in controlling inflation and the challenges faced by the Bank of England in making decisions.  KEY TAKEAWAYS The Bank of England's forward guidance has been criticised for its lack of accuracy in predicting economic outcomes, such as recession and interest rate changes. The Bank of England uses market forecasts to inform its own predictions and decision-making, but this approach can lead to uncertainty and confusion in the markets. External factors, such as global commodity prices and geopolitical events, can have a significant impact on inflation and the economy, making it challenging for the Bank of England to control inflation solely through interest rate adjustments. The Bank of England's communication and clarity of strategy have been questioned, with concerns about the effectiveness of forward guidance and the lack of coordination between the bank and the government. BEST MOMENTS "I think people kind of missed the point with that Jerry because that's good central banking in my book because ultimately there's a Ben Bernanke phrase where he said good central banking is 98% talk and 2% action and that's what you want."  "I think they've used models that are great while everything is chugging along relatively stably, right? And the problem is things have not been chugging along with stability at all. This has been a relatively unprecedented cycle."  "People suffer with sunk cost ideologies and stuff all the time."  "When the facts change, I change my mind, sir. What do you do? People definitely get stuck in ruts and don't want to admit that they're fallible. There's definitely a part of that. They are human, as you said." VALUABLE RESOURCES If you want to learn more about investing in Commercial Property why not consider joining the CPI-Network of commercial property investors, who are working, learning and supporting each other on the Get in The Swim Membership https://commercialpropertyinvestor.co.uk/get-in-the-swim/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

This time, we explore the relationship between flexible office spaces and startups. Are Flexible spaces really full of start ups and new businesses?  Drawing from my own experiences running business accelerators, I discuss the benefits and downsides of working with startups in commercial properties, and emphasise the importance of balance and the need for a mix of startups and mature businesses in creating a harmonious ecosystem.  KEY TAKEAWAYS Startups are not the exclusive customers of flexible office spaces. While startups do find a nurturing environment in flexible spaces, there are also many established businesses and corporates that use these spaces. Startups bring an infectious energy and innovative spirit to the workspace, making them fun to be around and inspiring for other businesses. Supporting startups in their journey to become sustainable businesses is crucial. This can be done by providing flexible solutions as they grow and evolve, such as offering private spaces and meeting rooms. It is important to have a balance between startups and established businesses in a flexible space. This prevents constant churn and ensures a more stable cash flow. BEST MOMENTS "While it's true that startups do often find a nurturing environment in flexible spaces, particularly ours, of course, it's far from the whole story."  ""Startups are limited to the tech realm". Well, that's just not true. They can be found in lots of different sectors, each offering unique benefits to us as providers of space."  "And I think it's just part of life's ever-expanding tapestry, right? Sometimes when you put things out into the universe, it does pay you back."  "So, if you're thinking about your own premises and you're thinking, right, I need to find loads of new businesses and startups, that's my focus, that is not strictly correct. You need a good balance and established businesses and corporate business will take space with you." VALUABLE RESOURCES If you want to learn more about investing in Commercial Property why not consider joining the CPI-Network of commercial property investors, who are working, learning and supporting each other on the Get in The Swim Membership https://commercialpropertyinvestor.co.uk/get-in-the-swim/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

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Tenny Tolofari is the director of acquisition at XSITE Capital Investment, which has over $168 million multifamily units in assets under management. In this episode, Tenny discusses how to find a great commercial real estate broker, what his industry projections are for the coming year, and what XSITE's business plan is for acquiring commercial properties.   Tenny Tolofari | Real Estate Background Director of Acquisition at XSITE Capital Investment Based in: Charlotte, NC Portfolio: $168MM AUM multifamily Say hi to him at:  www.xsitecapital.com LinkedIn Best Ever Book: The Go Giver by Bob Burg and The Compound Effect by Darren Hardy Greatest Lesson: Don't do things by yourself, leverage other people's strengths.     Click here to learn more about our sponsors: MFIN CON

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