Property Sourcing ProfitsConfusion, Overwhelm, Time Management is the Key
When you are starting out in deal packaging the organisation of your day with the many tasks that need to be completed can quickly led to feelings of overwhelm and confusion but there is an answer and in this episode, David shares exactly how you can organise your day and achieve more.
He explains the primary strategies that you can start with and how these can be built on
to quickly establish positive relationships, deals and a successful business.
KEY TAKEAWAYS
- Choose a small geographical area to work within.
- A big part of time management is understanding and knowing how you work
- Any networking is about forging relationships because it’s those working relationships that bring in the deals.
- Plan to work alternate weeks, finding deals one week and then sourcing investors for those deals in the alternate week.
- Time management is key, you can do a lot if you chunk your time.
- Have a physical diary and then block your day into 30-minute time slots to achieve the most.
- Begin with the priorities you want to achieve in the day.
- Pattern interrupt – do something else in the middle and plan to mix up tasks - to use different areas of your brain.
- Diarise your day for every working day.
- If you diarise your journey you will have a record of how you built your deal packaging business, a hugely valuable marketing tool.
- With time blocking you have the potential to achieve more in your key priority activities every day.
BEST MOMENTS
‘If I can do it you can do it too’
‘Seeing estate agents is about sowing the seeds and I did this daily’
‘Across all my businesses I try to talk to people in the morning’
VALUABLE RESOURCES
Property Sourcing Profits Podcast
https://www.progressiveproperty.co.uk/
https://unlimited-success.co.uk/
https://www.facebook.com/groups/progressivepropertycommunity/
ABOUT THE HOST
David is a property expert with over 25 years’ experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004.
In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him, and he enjoys empowering other landlords by sharing the knowledge he has gained.
The ultimate purpose when sourcing properties in this sector for investors is to minimise risk while maximising profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring rents are paid and the transition to Universal Credit. These are strategies he uses in his own business and also on behalf of investors. His investor clients regularly achieve annual gross yields of over 20% with high occupancy rates and voids resolved, sometimes within hours.
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