Mark hosts an informal session answering attendees' questions on property investing and business. Topics covered include managing tenant arrears, using AI systems, recovering securing finance, choosing property strategies and leveraging technology to remove reliance on people. Mark provides his famous direct, no-nonsense advice, drawing on his extensive experience. The session offers valuable insights for property investors and business owners alike. 

KEY TAKEAWAYS
Pursue former tenants with county court judgments using options like winding-up petitions to pressure payment, despite the costs involved.
Expect Bank of England base rates to remain around 4-4.5% through 2025 before dropping, according to trading market predictions.
Resolve cladding issues for financiers by providing EWS1 reports showing remediation works address combustible materials.
Get multiple assessments when handling property contamination like asbestos to determine actual risks and remediation needs.
Institute gradual rent increases for retained tenants to keep pace with market rates and offset rising mortgage costs.
Leverage technologies like AI wherever possible to remove reliance on staff and minimise people management headaches.
Seek out self-motivated employees requiring minimal oversight to avoid poor performance issues plaguing growth.

BEST MOMENTS

"I issued a winding up petition on a care company...it probably cost four or five grand, but it's existential for them."

"I check our rents once a month...I look back and a block we finished two years ago...Those rents are now going up 40%."

"When you attack landlords...then rents have to go up to a level where it works again. That's the adjustment that's taking place."

"I'm looking forward to that because apparently this can remove quite a bit of admin. I would put as much technology in as possible."



VALUABLE RESOURCES

https://www.youtube.com/user/progressivepropertyhttps://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

CONTACT METHOD

Email: Markhomer@progressiveproperty.co.uk

LinkedIn: https://www.linkedin.com/in/markhomer1

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive

Mark hosts an informal session answering attendees' questions on property investing and business. Topics covered include managing tenant arrears, using AI systems, recovering securing finance, choosing property strategies and leveraging technology to remove reliance on people. Mark provides his famous direct, no-nonsense advice, drawing on his extensive experience. The session offers valuable insights for property investors and business owners alike.  KEY TAKEAWAYS
<ul>
<li>Pursue former tenants with county court judgments using options like winding-up petitions to pressure payment, despite the costs involved.</li>
<li>Expect Bank of England base rates to remain around 4-4.5% through 2025 before dropping, according to trading market predictions.</li>
<li>Resolve cladding issues for financiers by providing EWS1 reports showing remediation works address combustible materials.</li>
<li>Get multiple assessments when handling property contamination like asbestos to determine actual risks and remediation needs.</li>
<li>Institute gradual rent increases for retained tenants to keep pace with market rates and offset rising mortgage costs.</li>
<li>Leverage technologies like AI wherever possible to remove reliance on staff and minimise people management headaches.</li>
<li>Seek out self-motivated employees requiring minimal oversight to avoid poor performance issues plaguing growth.</li>
</ul>
BEST MOMENTS   "I issued a winding up petition on a care company...it probably cost four or five grand, but it's existential for them."
"I check our rents once a month...I look back and a block we finished two years ago...Those rents are now going up 40%."
 "When you attack landlords...then rents have to go up to a level where it works again. That's the adjustment that's taking place."
"I'm looking forward to that because apparently this can remove quite a bit of admin. I would put as much technology in as possible."
 
VALUABLE RESOURCES 
<a href="https://www.youtube.com/user/progressiveproperty">https://www.youtube.com/user/progressiveproperty</a> <a href="https://www.progressiveproperty.co.uk/the-progressive-co-founders/">https://www.progressiveproperty.co.uk/the-progressive-co-founders/</a>
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
CONTACT METHOD
Email: Markhomer@progressiveproperty.co.uk
LinkedIn: <a href="https://www.linkedin.com/in/markhomer1">https://www.linkedin.com/in/markhomer1</a>
Facebook: <a href="https://www.facebook.com/markprogressive">https://www.facebook.com/markprogressive</a>
Twitter: <a href="https://twitter.com/markprogressive">https://twitter.com/markprogressive</a>

Investing, business, finance &economics - Mark Homer has the experience to help you with many of your questions & challenges. Mark My Words is a successful, eccentric & introverted businessman’s experience of 20 years with no waffle, ads, bravado or big pitches. Mark will interview the worlds most successful business, finance & money experts as well as impart his knowledge in a factual, direct manner. Mark runs & owns multiple businesses & property portfolios so teaches you what he does on a daily basis. A contrarian investor & capitalist, Mark will help you raise more finance, make more money & grow your business empire.

Advertisement