In this podcast, Rob speaks to Gary Neilsen and Kirsty Wilson of Ormad Properties, Leeds. They talk about their buy-to-let property business and how they managed to expand their business during the CoVid period.

Gary and Kirsty explain how they have juggled corporate jobs and having children with running their property business. As well as the steps they are taking to grow their skillset and turn this business into their only job.

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KEY TAKEAWAYS

• Becoming accidental landlords opened their eyes to the potential of investing in properties.
• They invested in 3 properties before taking a break while they had 2 children.
• Having a complementary skill set really helps when running a business with a partner.
• CoVid has created issues, but it has created opportunities as well. Your mindset must be positive.
• Planning far enough ahead is essential when things go wrong you need that flex space.
• Spread your risk.
• If you work with another business, do your own due diligence.
• Plan out your personal time as well as your work time at the start of each week.
• Pay for proper advice when deciding which company structure to use.
• Never forget your tenants, you need to provide them with nice, safe, and suitable homes.
• You need to push yourself out of your comfort zone because that helps you to progress.
• Focus on one thing and avoid the shiny penny syndrome.

BEST MOMENTS

‘Having complementary skill sets, I think that's fundamental for anyone that's going into business.’

‘When you're on a project, your, your action might be in the day-to-day, but your mind needs to be in the next steps ahead.’

‘Practical experience on the ground is invaluable. There is only so much that you can learn online.’

VALUABLE RESOURCES

The Property Nomads Website 

Buy to Let: How to Get Started – By Rob Smallbone (Amazon)

GUEST RESOURCES

Instagram

Gary Neilson - Facebook

Kirsty Wilson - Facebook

kirsty@ormadpropertysolutions.co.uk

gary@ormadpropertysolutions.co.uk

ABOUT THE HOST

Rob Smallbone the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?

Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.

Buckle up, sit tight, and enjoy the ride that is life.

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