Managing 1,000 properties, Grade II Listed conversions at £15m GDV and cost-efficient Education with Daniel Gibson

Daniel studied as a surveyor at university, he was on a sport scholarship and worked part time so was able to buy his first house whilst at uni aged 18, he didn’t want to become chartered so when he graduated he set up my own surveying company but didn’t enjoy it and sold it fairly quickly.  Daniel took a job within a national letting agency to gain some experience within the property market, from there he went on to work in recruitment to develop his sales skills.  

After a year being employed Daniel launched my own letting agency aged 22.  That company, Daniel Craig Residential, still runs today, they specialise in portfolio development and management.  Today they own over 300 properties and have over 1,000 properties on their books for other investors.

Over the last three years Daniel has been involved in three grade 2 listed conversions with a total value of circa £15m.  One they have retained and currently let as a block for serviced accommodation in Durham city centre, the second project he sold my share in this year and the third project in Newcastle city centre he is currently working on with an investor.

They deal with everything from low value housing benefit properties to purpose built student accommodation to luxury housing and cover just about every market in the UK.  This year has seen the biggest change to the industry, with the introduction of the tenant fee ban.  It’s hit landlords hard, they have a number of our properties managed by other agents in areas too far away for us to look after themselves so I have a very good understanding of what agents are doing in response to the fee ban.  The main response has been to increase a landlords fee to make up for the loss in money from the tenant.  They have taken a different approach and kept our fee structure the same, the result has been we have taken on a number of landlords who otherwise would have seen their profits diminish further after years of attacks on mortgage allowances and increased legislation.  

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