In this inspiring episode of the Progressive Property Podcast, host Sean Fitzpatrick interviews Rochelle Gilburn, who transformed personal tragedy into triumph through property investing. After losing her husband in 2018, Rochelle leveraged her marketing background to build an impressive property portfolio, completing 37 refurbishments in just three and a half years!

KEY TAKEAWAYS

·       Small but consistent actions in property investment and social media presence can lead to significant results - Rochelle grew her LinkedIn connections from 250 to 15,000 in just one year through regular posting and engagement.

·       Multiple income streams are crucial for future-proofing your property business. Combining buy-to-lets, service accommodation, and property sourcing can provide stability and diverse revenue.

·       Documenting your journey is important for growth, regularly sharing property journey updates, including challenges and successes, helps build authority and attract potential investors and clients too.

·       Being adaptable with property strategy can turn challenges into opportunities. For example, when unable to sell a property due to high interest rates, Rochelle converted it to successful service accommodation.

·       Rochelle launched her LinkedIn training business by first gauging interest and then creating the content, demonstrating the power of just getting started and not waiting.

·       Building an ethical property sourcing business requires significant effort but can provide the foundation for expanding into other property strategies and growth. 

BEST MOMENTS

"I can remember pulling up at the venue and there was actually people in there and I was like, my heart was racing. I'm like, what am I doing? Why am I punishing myself like this? Cause the fear never really goes away."

"In 2020 during lockdown, I built up my connections from 250 at the beginning of the year to 15,000. So just through the consistency and figuring out what worked and what didn't work."

"Start now. And then by the new year, you're going to be hitting the ground running or start now and by Monday, you'll already be starting to get into new habits."

"We're buying houses for around 80,000 for a three bed terraced house. So we'll buy one of those and we use the BRR model of refurbishing it and then refinancing it and renting it out."

VALUABLE RESOURCES

MSOPI – Multiple Streams of Income:

https://www.progressiveproperty.co.uk

https://kevinmcdonnell.co.uk

ABOUT THE HOST

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  

CONTACT METHOD

https://www.facebook.com/kevinMcDonnellProperty/

https://kevinmcdonnell.co.uk/

TikTok: https://www.tiktok.com/@progressiveproperty

YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g

Twitter: https://twitter.com/progperty

LinkedIn: https://www.linkedin.com/company/progressiveproperty

Instagram: https://www.instagram.com/progressiveproperty/

Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity

Facebook Page: https://www.facebook.com/Progperty

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let

https://bit.ly/BUYTOLETPOD

In this episode of the Progressive Property Podcast, Kevin McDonnell interviews Disruptive Entrepreneur and Progressive Property Co-founder, Rob Moore.  

Tune in today to hear them discuss the UK’s biggest property event of the year, what you’ll learn and why you should attend. 

KEY TAKEAWAYS 

• What’s your favourite property investment strategy? 
  My personal favourite property investing strategy is commercial conversion, because that's what we do and that works for us, because it works well in Peterborough, there are good deals that need planning and we've worked out how to get the planning and we're doing one that's 85,000 square foot that could be up to 160 units. 
  
  No money down is a way of buying, rent to rent is a way of buying, a lot of people confuse strategies, they think they’re going to do rent to rent or no money down or lease options, but actually no, what you're doing is a way of buying a property. Rent to rent is just circumventing needing a deposit, lease options are circumventing needing a deposit, we use all of those strategies within the strategy of commercial conversion. 
• How many years have you been doing property now? 
  December 15, 2005, was the day my life changed. The last week of that year, I met Mark up my very first property networking event and in February 2006, I started my property investing career properly working in a property company and buying with Mark. That's 13 years nearly.  

• When was the first super conference? 
  2010 was our first really big event, there's a lot of people that start property training, who never really got much property and that's how progressive is different. The critics say there are too many people out there who teach but haven't done and maybe there are some, but how we're different is every strategy that we teach, we've done. 
• Why did you stop doing the super conference?  
  Those events got more and more expensive, like hundreds of thousands of pounds, this super conference will cost us 500 grand, half a million quid to run an event. The bigger the room, the more expensive they get. That was one thing. 
  
  The second thing was we started to think if there's a cheap strike if there's a bomb scare if something goes wrong and three to six months of our marketing and our revenue are based on this one event, massive risk. 
  
  The third thing was I like connecting with people, I'd prefer to speak to 100 people or 200 people than in 1400. I'm better in a smaller room. Every speaker loves the thought of the big stage, but I started to feel more disconnected. 
  
  We bought our own training sweet over there, what's the point in going into massive events in London when you can do in smaller events here. 

• What’s the main thing you're sort of excited about a product?  
  One of them is creating multiple streams of income. We want to teach you how to create multiple streams of income.  The second thing is we wanted the quickest cash flow strategies.  

• What is the reason you give too much content without stopping? 
  My Why is trying to earn respect and love from people and that just won't go away, I love property and I love business. 
  
  Attend the 10X super conference and learn to be the best. 

BEST MOMENTS 

• “The harder my challenges are, the more motivated I am.” 
• “All the property strategies that we teach work, otherwise it wouldn't teach them.” 

• “I did single let so many years, but when you've done loads of them, you kind of hunger to scale up and your time isn't worth just doing a single that when you can do bigger stuff.” 
• “I don’t want people to look at me and say, “Rob is doing big commercial conversions, that's what I'm going to do.” if they haven't done a single let yet.” 
• “There are too many people out there who teach but haven't done” 
• “I never teach anything unless I've done it.” 
• “You can learn something from everyone if you stay humble enough to look at someone.” 

• “To know not to do is not to know.”  
• “The easiest person to lie to is you.” 
• “It’s okay to fail and it's best to fail small and fast.” 
• “Mindset skill set strategy and tactics.” 

VALUABLE RESOURCES 

• https://robmoore.com/ 
• https://kevinmcdonnell.co.uk/ 

ABOUT THE HOST 

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom. 

CONTACT METHOD 

• Facebook: https://www.facebook.com/kevinMcDonnellProperty/  
• Official website: https://kevinmcdonnell.co.uk/  
• https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767/ref=sr_1_1?s=books&ie=UTF8&qid=1553015287&sr=1-1&refinements=p_27%3AKevin+McDonnell  

ABOUT THE GUEST 

Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor and property educator. Author of global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”  

“If you don't risk anything, you risk everything”  

CONTACT METHOD 

• Rob’s official website: https://robmoore.com/  
• Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs  
• LinkedIn: https://uk.linkedin.com/in/robmoore1979  

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let

https://bit.ly/BUYTOLETPOD

Join Kev as he explores the question of quantity -vs- quality in property investing. He talks about the quality of house, tenants, refurbs and and reveals the most important things you need to weigh up when purchasing property.

KEY TAKEAWAYS 

• You have to think about mortgage -vs- cashflow but also growth.
• You can get good tenants in all income brackets in all areas of society, just because someone has money and can pay more, it doesn’t mean they will be a higher quality tenant.
• Knowing your area is essential to finding quality tenants. They will be ‘areas within areas’ and one street can make all the difference.
• The monthly rental profit isn’t the only number to focus on, you also should look at the capital growth opportunities.
• A lower quality area means less capital growth but you probably will have a higher cash flow as your initial outlay is less.
• Whether you focus on quantity or quality, the most important thing is that you just get started and don't procrastinate!

BEST MOMENTS  

"Are you sacrificing quality for quantity?”

“You need to know your area”

“Your return in the North looks better in the South”

“What I am always focused on is cashflow, cus cashflow is the oxygen for the business”

"It doesn't matter if you go for the quality or the quantity, what matters if you go for something"

VALUABLE RESOURCES

MSOPI – Multiple Streams of Income:

https://www.progressiveproperty.co.uk

https://kevinmcdonnell.co.uk

ABOUT THE HOST

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  

CONTACT METHOD

https://www.facebook.com/kevinMcDonnellProperty/

https://kevinmcdonnell.co.uk/

TikTok: https://www.tiktok.com/@progressiveproperty

YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g

Twitter: https://twitter.com/progperty

LinkedIn: https://www.linkedin.com/company/progressiveproperty

Instagram: https://www.instagram.com/progressiveproperty/

Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity

Facebook Page: https://www.facebook.com/Progperty

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let

https://bit.ly/BUYTOLETPOD

What is the best property investment strategy this year? Join Kevin in the first episode of 2024 of the Progressive Property Podcast and learn all about no-money-down (NMD) techniques and why they could work for you in your property investing journey!

KEY TAKEAWAYS 

• Strategies vary in their success depending on the area but all strategies work all the time.
• Historically buy to let, commercial conversions, HMOs and serviced accommodation have always worked and always will.
• Before you think about which investment strategy to use you need to first get the ‘house’ or property. This is where no money-down techniques come in.
• No money-down property investment techniques allow you to scale.
• Don’t confuse property investing with property owning. Most investors own a job but don’t always have lots of properties in their ownership at one time.
• Cash and a mortgage aren’t the only ways to get into property investing.
• Time and debt are valuable resources, using no money down techniques you focus on buying these rather than focusing on the physical asset
• Those with a poor mindset follow the system of getting into debt at a young age and out of debt for retirement.

BEST MOMENTS  

“You can’t do property with your money down”

“Most property investors, they own a job”

“No money down investment techniques allow you more ideas than traditional thinking”

“The richest people on this planet have the most good debt”

“If you retire with no debt you’ll likely retire without significant wealth”

“There’s a big difference between good debt and bad debt”

VALUABLE RESOURCES

MSOPI – Multiple Streams of Income:

https://www.progressiveproperty.co.uk

https://kevinmcdonnell.co.uk

ABOUT THE GUEST

Want to Connect with Carole? This is how:

Website: https://www.clearwaterpropertypartners.com

Email: [email protected] 

If you would like to help support Judy and Abigail with finding their forever home or future Christmas Venue, please reach out to Carole using her contact details above. 

ABOUT THE HOST

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  

CONTACT METHOD

https://www.facebook.com/kevinMcDonnellProperty/

https://kevinmcdonnell.co.uk/

TikTok: https://www.tiktok.com/@progressiveproperty

YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g

Twitter: https://twitter.com/progperty

LinkedIn: https://www.linkedin.com/company/progressiveproperty

Instagram: https://www.instagram.com/progressiveproperty/

Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity

Facebook Page: https://www.facebook.com/Progperty

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let

https://bit.ly/BUYTOLETPOD

Kevin shares 9 top tips he has learnt in the past 9 years as a Property Investor. Kevin has been in the property game for over 20 years, but it was only when he came to Progressive Property 9 years ago that he really learnt how to become a professional property investor.

KEY TAKEAWAYS 

1. I am not a landlord; I am a property investor.
2. Raising finance is one of the most important aspects of property investing
3. Property is a people business
4. The right house will always find the right tenants
5. You can’t plan your week in detail
6. Become knowledgeable about your local council and regs
7. Long-term thinking is what you need in this business
8. Your network, it’s not just what you know it’s whom you know
9. Boring is best!

BEST MOMENTS  

“There’s a very big difference between a landlord and a property investor, a landlord owns a job while a property investor runs a business”

“The quicker you can become the investor the quicker you will scale your business”

“Do not pedestalise the money, the most important thing is your knowledge, your action, your time”

“Property is about collaboration; property is about your network”

“The long-term takes care of itself”

VALUABLE RESOURCES

MSOPI – Multiple Streams of Income:

https://www.progressiveproperty.co.uk

https://kevinmcdonnell.co.uk

ABOUT THE HOST

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  

CONTACT METHOD

https://www.facebook.com/kevinMcDonnellProperty/

https://kevinmcdonnell.co.uk/

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let

https://bit.ly/BUYTOLETPOD

Kev is joined by social media expert and property investor Scott Wroe in this episode. They talk about strategies anyone can follow to flip houses as well as the unique ways you can leverage social media in your property investing business.

KEY TAKEAWAYS 

• Scott’s parents were flipping houses throughout his childhood. He is only 27 but has lived in 30 houses!
• Scott focuses on the cheapest house on an average street.
• If you are starting out, don’t buy houses that need any major work, instead focus on things that need updating cosmetically.
• Look for a mentor to guide you and prevent you from making expensive mistakes.
• After just two deals, Scott made a 70k profit.
• As Scott grew, he started using contractors and even established deals with kitchen suppliers via social media.
• You would be surprised how easily brands want to gift items and products to 'house' accounts, you only need a 30k following to get noticed.

BEST MOMENTS  

"It’s knowing the difference between expensive things and things that are going to cheap [to rectify]”

“I think they could be much more successful by attending one of your courses”

“I made 40k on the first one, I was 20”

“It was so much easier having other people doing the work because then I could be doing other things”

“People will literally gift you anything”

VALUABLE RESOURCES

MSOPI – Multiple Streams of Income:

https://www.progressiveproperty.co.uk

https://kevinmcdonnell.co.uk

ABOUT THE HOST

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  

CONTACT METHOD

https://www.facebook.com/kevinMcDonnellProperty/

https://kevinmcdonnell.co.uk/

TikTok: https://www.tiktok.com/@progressiveproperty

YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g

Twitter: https://twitter.com/progperty

LinkedIn: https://www.linkedin.com/company/progressiveproperty

Instagram: https://www.instagram.com/progressiveproperty/

Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity

Facebook Page: https://www.facebook.com/Progperty

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let

https://bit.ly/BUYTOLETPOD

Rachel is a property investor in Peterborough, the same location as Progressive Property founders Rob and Mark. In this episode, she proves that there are still great deals to be found and money to be made in locations that have large investors in the area.

KEY TAKEAWAYS 

• Previously a management consultant who moved into commercial cleaning once she had a family.
• Rachel was inspired by Rob Moore’s book, Multiple Streams of Property Income to attend the MSOPI event and create her own property portfolio.
• Being someone who finds an opportunity in a problem is the reason Rachel was able to pivot during the pandemic.
• Don’t decide on one strategy to use instead look for properties and then adapt and use the strategy that suits that particular property.
• A lot of the best deals can take time and patience.
• Rachel frequently works with investors that don’t have the time to find deals or put the work in required for big returns and so she does this for them with their money.

BEST MOMENTS  

“There’s enough for everybody”

“The properties ran themselves”

“Find properties and then decide which strategy suits the property”

“They’ve got to trust you and want to work with you and understand your ethics”

“I work with investors who don’t have time”

VALUABLE RESOURCES

MSOPI – Multiple Streams of Income:

https://www.progressiveproperty.co.uk

https://kevinmcdonnell.co.uk

ABOUT THE HOST

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  

CONTACT METHOD

https://www.facebook.com/kevinMcDonnellProperty/

https://kevinmcdonnell.co.uk/

TikTok: https://www.tiktok.com/@progressiveproperty

YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g

Twitter: https://twitter.com/progperty

LinkedIn: https://www.linkedin.com/company/progressiveproperty

Instagram: https://www.instagram.com/progressiveproperty/

Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity

Facebook Page: https://www.facebook.com/Progperty

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let

https://bit.ly/BUYTOLETPOD

Kevin talks openly and factually about whether you should be selling or buying in the wake of the further BOE interest rate rise!

KEY TAKEAWAYS 

• The BOE has increased increase rates again, the base rate is now 4%. The majority of people who decide on rises are in agreement that this is close to the highest they should go.
• The 2007 crash was for completely different reasons to the struggles we are seeing now.
• As fewer people are buying, particularly amateur investors, that presents opportunities for experienced investors.
• Property investing should be about the long term, house prices will always increase in the long run.
• You can easily waste time waiting for the ‘right’ or ‘best’ property, meaning you’ll miss out on a lot of great investing opportunities.
• Everybody needs to use creative techniques and other people’s money to build a property portfolio.

BEST MOMENTS  

‘They are talking about it being pretty close to the top of the interest rate rises’

‘If it stops people spending money it also stops people buying property’

‘Less buyers, prices start to go down’

‘We know fundamentally that property prices in 2024, 2025, will be significantly higher than they are today’

‘Whilst many people are waiting for the best property, they miss just doing deals that work’

VALUABLE RESOURCES

MSOPI – Multiple Streams of Income:

https://www.progressiveproperty.co.uk

https://kevinmcdonnell.co.uk

ABOUT THE HOST

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  

CONTACT METHOD

https://www.facebook.com/kevinMcDonnellProperty/

https://kevinmcdonnell.co.uk/

TikTok: https://www.tiktok.com/@progressiveproperty

YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g

Twitter: https://twitter.com/progperty

LinkedIn: https://www.linkedin.com/company/progressiveproperty

Instagram: https://www.instagram.com/progressiveproperty/

Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity

Facebook Page: https://www.facebook.com/Progperty

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let

https://bit.ly/BUYTOLETPOD

In this episode of the Progressive Property Podcast, Kevin discusses everyone’s most hated topic, Tax! There are new tax changes incoming, and here is what you need to know. Do not fear, there have always been tax changes and people have ALWAYS made money, the key is to roll with the punches and listen to Kevin’s top tips so that you can make the most of your money!

Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!
bit.ly/Podcast-MSOPI

KEY TAKEAWAYS 

1. Run your investment property as serviced accommodation to avoid paying tax on your interest only mortgage!
2. Turn your properties into a limited company to get access to incorporation relief. (You will still have to pay stamp duty)
3. STOP PAYING TOO MUCH TAX by getting a tax advisor instead of an accountant.
4. If you run a business (and property is a business) make sure you claim for all of your deductible expenses before tax!
5. If you’re investing in a property to rent, look for properties with happy, paying tenants already in it. That way, you don’t have to risk finding potentially rubbish tenants yourself!

BEST MOMENTS 

“There have always been tax changes from the government, and people have ALWAYS made and lost money, the key is to roll with the punches”

“Accountants are tax collectors for the government, get a Tax Advisor instead!”

VALUABLE RESOURCES

https://www.progressiveproperty.co.uk

https://kevinmcdonnell.co.uk 

ABOUT THE HOST

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  

CONTACT METHOD

https://www.facebook.com/kevinMcDonnellProperty/

https://kevinmcdonnell.co.uk/

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let

https://bit.ly/BUYTOLETPOD

How can you flip properties easily and successfully? Listen in to this episode to hear Kevin’s 7 tips of flipping properties for profit. If you are new to this area or have only done one or two property deals this is the perfect episode for you.

Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!
bit.ly/Podcast-MSOPI

KEY TAKEAWAYS

1. Just get started – stop procrastinating! You will make mistakes, be aware of this and own it. Reduce the risk by educating yourself.
2. Know your numbers. Start with the end in mind.
3. There are plenty of houses to flip, don't be folder by hearsay.
4. You can flip houses with none of your own money.
5. You need to build a power team, to build success you need people around to help and support you, tap into others knowledge and expertise.
6. Speed – You have to move quickly with house flipping.
7. Don’t do the work yourself – Get the right professionals in to do the work, don’t be pennywise and pound foolish!

BEST MOMENTS

“The best time to start is right now”

“Maybe you need to be around the right kind of people…money is everywhere you just need to get out and find it”

VALUABLE RESOURCES

https://www.progressiveproperty.co.uk

https://kevinmcdonnell.co.uk 

ABOUT THE HOST

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  

CONTACT METHOD

https://www.facebook.com/kevinMcDonnellProperty/

https://kevinmcdonnell.co.uk/

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let

https://bit.ly/BUYTOLETPOD

Should I manage my own properties or outsource them to a lettings agency? This might be a question that you are asking yourself, as you start your journey in property. From his fifteen years experience in property, where he now owns his own lettings agency, Kevin McDonnell gives his take on how you should go about it. Whether it’s making sure you get experience self-managing a property, to the benefits of partnering up with an existing agency in a JV partnership, Kevin gives you all the pros and cons of Self-management vs Outsourcing.  

KEY TAKEAWAYS

When I start out in property I thought I would have to do everything. When I started I would always do everything from meeting the tenants, gaining references, prepare and write the contracts. I’d do the repairs, and deal with the day to day issues. I thought that was what an investor required. Whereas today I find great deals and my partner manages out the letting agency on a day to day basis.   

Learning what the agents need to do. Self-management is a good thing to do at least a small amount. You’ll find out what kind of problems that your tenants have. Your tenants are your clients and you are providing them with a service which you need to provide to the best of your ability. This will also save you on the management fees but cost you in time. This will make sure you have the experience so you know your agent is doing things in the right way.  

What sort of systems should you have to self manage? I used for my first ten properties, Microsoft Excel. There are loads of fancy apps, but if you have ten properties you can manage them on a spreadsheet. Just get your first house and manage it on Excel. Once it becomes too big, over ten properties, you should look at things like Arthur or GoTenant. We have now moved on to Jupix because we are running a letting agent, and my JV partner runs that but that’s too complicated and costly for if you are just starting out.   

Give your first couple of properties to an agency. Learn how to do it properly, learn how to self manage your property. Then take on property to self manage so you get an inside guide to what they go through. Learn everything that an agency does. An agency does a lot of work from people who say they are interested in that property, lodge the deposit, gaining references and sorting out contracts. 

I found a JV partner. I found a local guy who was running a satellite office but he wasn’t on the high street. He was like a virtual agent. I approached him. I asked him to move into the high street into a property that I had bought. He’s 50/50 in the letting agents. I have a JV partner and he gets 50% of the profits.  

BEST MOMENTS

‘Its about being smarter with your time.’ 

‘Be an investor rather than a landlord.’ 

‘Since outsourcing, I have more time to think.’ 

‘Make sure you see your tenants as clients.’ 

‘You don’t need fancy software to manage one house.’ 

‘Get perfect later.’ 

‘It was cheaper to manage in house.’ 

‘The management fees from other landlords pay for the fees.’ 

‘When you're starting out you don’t have a skillset.’ 

‘Agents do a lot of work.’ 

‘You can shadow an agency.’ 

‘I wanted to be a business owner.’ 

‘It’s a win, win situation.’ 

VALUABLE RESOURCES

https://www.xero.com/uk/  

https://jupix.com 

https://gotenant.co.uk 

https://www.arthuronline.co.uk  

ABOUT THE HOST   

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.     

CONTACT METHOD   

Kevin McDonnell Facebook   

Kevin McDonnell website   

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/