Property FAQ's 3 - Multiple Streams, Power Teams + Top Tips - The Property Nomads

Property FAQ's 3 - Multiple Streams, Power Teams + Top Tips

In this episode, Rob answers more of the most common questions he and his business partner get asked. He covers entrepreneurship, property investment and how to build multiple streams of income. Importantly, Rob also talks about how to build a power team, which is essential if you want to grow your business. He shares more than a dozen ways landlords, developers and property investors can diversify their income sources.

Here is a round-up of some of the specific questions he answers in this podcast, along with a few of the tips he shares.

KEY TAKEAWAYS

How can you have multiple streams of property investments?
What are the typical running costs for a property?
Open a separate account and put a % of your profits into it each month, so you can dip into it during quiet periods.
How do you source good tradespeople?
Lettings agents want to work with reliable people. So, often, they can put you in touch with good tradespeople.
What do you need to successfully obtain the relevant property certificates and carry out the necessary tenant checks?
What do I need to make the buy to let business model work?
What types of professionals, tradespeople and employees will I need to run my business?
What’s the difference between freehold and leasehold?

BEST MOMENTS

‘Become focused on one pillar, build it up, then outsource it and build another.’

‘You have to calculate for void periods that may happen.’

‘If the van is in good condition, the chances are that their work is going to reflect their van.’

‘If something goes wrong it goes wrong…don’t worry just deal with it.’

VALUABLE RESOURCES

The Property Nomads Website

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

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.

CONTACT METHOD

BOOKS

Buy To Let: How To Get Started = https://amzn.to/3genjle

101 Top Property Tips = https://amzn.to/2NxuAQL

WEBSITE

www.tpnpodcast.com

SHOP

www.tpnpodcast.com/shop

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