In this episode of This Property Life Podcast, we delve into the magic of collaboration in the property business. Host Nick, alongside his friend Rick Blaney, share their journey and experiences in working together to achieve greater success. From forming a dynamic partnership and building a specialized team to leveraging each other's strengths and making savvy property investments, this episode is packed with insights into the power of working together. Tune in to hear stories of friendly competition, the importance of setting ground rules, and the incredible benefits of an abundance mindset.

• Collaboration vs. Competition
• : Contrary to popular belief, property investment doesn't have to be a solitary endeavor dictated by secrecy and competition. Collaboration can lead to more significant rewards by leveraging each other's experiences and networks.
• Networking
• : Building strong relationships and networking are crucial. Both formal events and casual meet-ups can be powerful ways to connect and share resources.
• Learning from Others
• : Rather than reinventing the wheel, learning from and replicating successful models can provide a strong foundation for new ventures.

• [05:10] - The Formation of a Dynamic Partnership
• : Nick and Rick discuss how their friendship since their twenties evolved into a successful business collaboration.
• [12:45] - Friendly Competition
• : The speakers share anecdotes about their friendly competition and how it pushed them toward better deals and innovations.
• [25:00] - Networking Essentials
• : Insightful tips on building connections, integrating social elements into work, and turning casual meetups into productive engagements.
• [40:20] - Upcoming Events
• : Announcements about property workshops in Edinburgh, keynotes in Singapore, and opportunities for further learning and networking.

This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591      

www.thispropertylife.co.uk

This Property Life is hosted by the team at Property Wealth System. We are a collective of experienced active investors passionate about all things property and helping and inspiring others to start their own property business.

Caroline, Nick, Rick and Sarah have over 50 years combined experience in investing in property as professional investors. Caroline and Nick have built their portfolio throughout the UK covering strategies from buy to let’s, social housing, HMOs, developments and more recently boutique automated hotels. Sarah and Rick have built their experience investing in BTL, HMOs, Hotels and more recently commercial serviced office space. Caroline has travelled the world training people since 2011 on how to invest, scale and accelerate their UK property businesses regardless of where they are based.

You can join Caroline, Nick, Rick and Sarah along with the rest of our team and a community of like-minded investors in the Property Wealth System Facebook Community:

https://www.facebook.com/groups/propertywealthcommunity

Caroline Instagram: https://www.instagram.com/carolineclaydon.property/

Caroline Linkedin: https://linkedin.com/in/caroline-claydon-property/

Hosted on Acast. See acast.com/privacy for more information.

In this episode of This Property Life Podcast, our hosts delve into the resilience needed to navigate the ever-changing landscape of property investment. They share valuable insights from their own 15-year journey in the field, shedding light on the importance of adaptability, long-term planning, and seeking expert advice. Listeners are encouraged to view real estate investment as a long-term venture rather than a get-rich-quick scheme.

• It is vital to get tax advice and consider asset protection when starting out in property investment.
• Real estate is not a quick-rich scheme. It requires a long-term perspective and an ability to adapt to policy and economic changes.
• Fluctuating interest rates, rising wages, and housing undersupply present both challenges and opportunities in the property market.
• Having a long-term plan and seeking advice from experienced individuals is essential for navigating unexpected challenges and government changes.
• Personal anecdotes about adapting to hurricanes and economic crises underline the importance of resilience and proactive planning.

• [08:47] Adapting to Market Fluctuations:
• "Interest rates will go up and down, wages will change, and housing will always be in demand. This is part of the business, and you need to pivot accordingly."
• [15:30] Resilience During Government Changes:
• "Resilience is key. Policies will change, and there will be new challenges. Long-term planning and getting advice from experienced professionals are crucial."
• [28:10] Surviving Economic Crises:
• "We survived the 2008 financial crisis, and it taught us a lot. Our recruitment business failed, but we found new opportunities in property investment."
• [37:45] Reflecting on Past Challenges:
• "Being hit by Hurricane Beryl during a holiday made us reflect on the stormy weather we’ve faced in the property business. It’s all about resilience and planning."

This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591      

Property Wealth System YouTube - https://www.youtube.com/c/PropertyWealthSystem  

Caroline, Nick, Rick and Sarah have over 50 years combined experience in investing in property as professional investors. Caroline and Nick have built their portfolio throughout the UK covering strategies from buy to let’s, social housing, HMOs, developments and more recently boutique automated hotels. Sarah and Rick have built their experience investing in BTL, HMOs, Hotels and more recently commercial serviced office space. Caroline has travelled the world training people since 2011 on how to invest, scale and accelerate their UK property businesses regardless of where they are based. Caroline loves helping people reach their full potential by changing their mindsets to money, debt, property and investing. Nick specialises as a property mentor, working with both new and experienced investors.

You can join Caroline, Nick, Rick and Sarah along with the rest of our team and a community of like-minded investors in the Property Wealth System Facebook Community:

https://www.facebook.com/groups/propertywealthcommunity

Caroline Instagram: https://www.instagram.com/carolineclaydon.property/

Caroline Linkedin: https://linkedin.com/in/caroline-claydon-property/

Hosted on Acast. See acast.com/privacy for more information.

Nick and Caroline discuss their experiences weathering various storms in their 15 years of property investing and business ownership. They reflect on challenges such as the 2008 financial crisis, changing government policies, and unpredictable banking practices.

They also look at the importance of resilience, adaptability, and long-term planning in navigating the uncertainties of the property market

KEY TAKEAWAYS

• Caroline and Nick share how setbacks like the 2008 financial crisis led to new opportunities and growth, highlighting the importance of staying motivated and seeking solutions.
• Challenges like rent caps and fluctuating interest rates can affect the moment, but they also underscore the long-term viability of property investing due to undersupply and increasing demand.
• You have to learn from experienced investors, staying informed about market changes, and being prepared to pivot strategies when needed.
• Always have a long-term plan in property investing, remaining focused on goals, and not giving up easily despite challenges.

BEST MOMENTS

"I think when you start now, it's easy to see a bit of weather as a hurricane. It actually very rarely is. It's just about, you know, having a good network, I think, understanding that these things are always going to happen."

"Nobody's trying to do and don't deviate from it and don't give up too easily." 

"I do think whenever you're hit by a curveball, like a bank pulling out or a surveyor downvaluing or tenant trouble, whatever it might be, maintenance issues, everything's a lesson."

VALUABLE RESOURCES

This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591       

Property Wealth System YouTube - https://www.youtube.com/c/PropertyWealthSystem    

ABOUT THE SHOW

This Property Life is hosted by the team at Property Wealth System. We are a collective of experienced active investors passionate about all things property.

Caroline Claydon has over 22 years experience in investing in property but it’s only the last 12 years she’s operated as a professional investor.  Her and her husband have built their portfolio throughout the UK covering strategies from buy to let’s, social housing, HMOs, developments and more recently a hotel.  She has travelled the world training people for the last 10 years on how to invest, scale and accelerate their UK property businesses regardless of where they are based.   Caroline loves helping people reach their full potential by changing their mindsets to money, debt, property and investing. 

CONTACT METHOD

You can join Caroline and James along with a whole host of other like-minded investors in the Property Wealth System Facebook Community:

https://www.facebook.com/groups/propertywealthcommunity

Caroline Email: [email protected]

Caroline Linkedin: https://www.linkedin.com/in/caroline-claydon-property/

Nick and Sarah talk to Siana from Price Labs, about the dynamic world of property investment and short-term rentals.

Siana shares insights into Price Labs, a revenue management solution for the hospitality industry, and explains how dynamic pricing works to optimise revenue and occupancy levels. They also delve into the challenges facing the industry, such as fluctuating occupancy rates and increasing competition in the UK market, and highlight emerging trends in hotel tech, including the use of AI and the focus on creating unique experiences for guests

KEY TAKEAWAYS

• Price Labs offers a revenue management solution for short-term rental and hospitality industry, helping increase revenue by combining human control with automation, market data, and customisability.

• Dynamic pricing is not just about matching competitors' prices but involves considering demand, seasonality, and specific property features to optimise pricing.

• Price Labs provides tools like Revenue Estimator Pro and Market Dashboards to help operators estimate potential earnings and analyse market trends before investing in a new area.

• Price Labs is suitable for various types of properties, including short-term rentals, hotels, villas, and service departments, with tailored settings for different property types.

• The future of hotel tech involves trends like AI, mobile technology, sustainability, and creating unique experiences for guests, emphasising the importance of adapting to changing market dynamics and customer preferences

BEST MOMENTS

"I think it's about partnering with other hospitality businesses in your local area that can add to that experience whether that's food or theatre."

"I used Price Labs previously for the Southport property, but I didn't use it in Edinburgh."

"AI is used in so many different things, or it's starting to be used in so many different things at the moment, either to provide very fast 24-7 responses to guests."

VALUABLE RESOURCES

This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591       

Property Wealth System YouTube - https://www.youtube.com/c/PropertyWealthSystem    

ABOUT THE SHOW

This Property Life is hosted by the team at Property Wealth System. We are a collective of experienced active investors passionate about all things property.

Caroline Claydon has over 22 years experience in investing in property but it’s only the last 12 years she’s operated as a professional investor.  Her and her husband have built their portfolio throughout the UK covering strategies from buy to let’s, social housing, HMOs, developments and more recently a hotel.  She has travelled the world training people for the last 10 years on how to invest, scale and accelerate their UK property businesses regardless of where they are based.   Caroline loves helping people reach their full potential by changing their mindsets to money, debt, property and investing. 

CONTACT METHOD

You can join Caroline and James along with a whole host of other like-minded investors in the Property Wealth System Facebook Community:

https://www.facebook.com/groups/propertywealthcommunity

Caroline Email: [email protected]

Caroline Linkedin: https://www.linkedin.com/in/caroline-claydon-property/

Hosted on Acast. See acast.com/privacy for more information.

Nick and Sarah dive deep into the upcoming general election and its implications on the property market, specifically focusing on the housing policies proposed by the main political parties in the UK.

They discuss the policies of the Conservative Party and the Labour Party, highlighting the impact on property investors, and analyse the similarities and differences in the housing policies of the two major parties, emphasising the need for a long-term view in property investing amidst changing political landscapes.

KEY TAKEAWAYS

• The Conservative and Labour parties have similar housing policies, focusing on building more homes and reforming the rental sector. However, the Conservatives are less biased towards tenants compared to Labour.
• The example of rent caps in Scotland highlights how poorly thought-out policies can lead to unintended consequences, such as a 30% increase in rents. This demonstrates the importance of understanding the market dynamics before implementing regulations.
• Property investing is a long-term wealth-building strategy that requires taking a 10 to 20-year view. By buying the right type of property and understanding the market, investors can ride out short-term fluctuations and policy changes.
• Property investors need to adapt to market changes and government policies. While it's essential to stay informed and react to new regulations, having a solid understanding of the fundamentals of property investing can help navigate uncertainties.

BEST MOMENTS

"You can't officially change it I don't think. So many governments have tried to control housing, you can't, you have to let it just be as it is." 

"You've got to take a free market approach, you can't, so many governments have tried to control housing, you can't, you have to let it just be as it is." 

"It's a pity that the social housing market that is not the private part doesn't have to adhere to the same standards as the private rental sector." 

VALUABLE RESOURCES

This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591       

Property Wealth System YouTube - https://www.youtube.com/c/PropertyWealthSystem    

ABOUT THE SHOW

This Property Life is hosted by the team at Property Wealth System. We are a collective of experienced active investors passionate about all things property.

Caroline Claydon Caroline Claydon has over 22 years experience in investing in property but it’s only the last 12 years she’s operated as a professional investor.  Her and her husband have built their portfolio throughout the UK covering strategies from buy to let’s, social housing, HMOs, developments and more recently a hotel.  She has travelled the world training people for the last 10 years on how to invest, scale and accelerate their UK property businesses regardless of where they are based.   Caroline loves helping people reach their full potential by changing their mindsets to money, debt, property and investing. 

CONTACT METHOD

You can join Caroline and James along with a whole host of other like-minded investors in the Property Wealth System Facebook Community:

https://www.facebook.com/groups/propertywealthcommunity

Caroline Email: [email protected]

Caroline Linkedin: https://www.linkedin.com/in/caroline-claydon-property/

Hosted on Acast. See acast.com/privacy for more information.

Sarah and Nick delve into the topic of inflation in the property market on their podcast episode, and discuss how inflation can actually be a friend to property investors.

They emphasise the positive relationship between property and inflation, highlighting how inflation can lead to increased rental income and property values over time. By sharing their own experiences and insights, they aim to dispel common myths and fears surrounding inflation in the property industry. 

KEY TAKEAWAYS

• Don't fear inflation in property investment; it can lead to increased property values and rental income.
• Utilise leverage in property investment to benefit from inflation eroding the real value of debt.
• Stay informed about swap rates and mortgage rates to secure good fixed rates with your broker.
• Regularly review rents to ensure they align with market rates and wage inflation.
• Consider potential impacts of rent controls and government policies on the housing market.

BEST MOMENTS

"I get a lot of questions about, oh, aren't you worried about high inflation? My answer is, I love it. Basically, my entire business and life plan almost depends on it."

"It's very much a long-term strategy and it doesn't happen overnight. We are talking about years of holding portfolios."

"But what it's also meant is that inflation is in the system now. And it was always going to happen if you look back at all the money that's pumped into the economy to keep it afloat during the last 10 years."

"It's a win-win. It's you get the property, the inflation erodes the real value of the debt, your equity rises as the years go through."

 VALUABLE RESOURCES

This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591       

Property Wealth System YouTube - https://www.youtube.com/c/PropertyWealthSystem    

ABOUT THE SHOW

This Property Life is hosted by the team at Property Wealth System. We are a collective of experienced active investors passionate about all things property.

Caroline Claydon Caroline Claydon has over 22 years experience in investing in property but it’s only the last 12 years she’s operated as a professional investor.  Her and her husband have built their portfolio throughout the UK covering strategies from buy to let’s, social housing, HMOs, developments and more recently a hotel.  She has travelled the world training people for the last 10 years on how to invest, scale and accelerate their UK property businesses regardless of where they are based.   Caroline loves helping people reach their full potential by changing their mindsets to money, debt, property and investing. 

CONTACT METHOD

You can join Caroline and James along with a whole host of other like-minded investors in the Property Wealth System Facebook Community:

https://www.facebook.com/groups/propertywealthcommunity

Caroline Email: [email protected]

Caroline Linkedin: https://www.linkedin.com/in/caroline-claydon-property/

Hosted on Acast. See acast.com/privacy for more information.

This time, we look into the world of property investment and explores the use of AI tools in property careers. Sarah and Nick talk about their personal experiences with AI in their property portfolios, including using AI for marketing, guest communications, and property location research. They highlight the time-saving benefits and creative structuring capabilities of AI tools, emphasising the importance of combining AI efficiency with boots-on-the-ground research and human interaction in property investing. 

KEY TAKEAWAYS

Using AI tools like OpenAI and ChatGBT can help streamline tasks, create content, and provide valuable insights in a fraction of the time it would take manually.

AI tools can help structure ideas, brainstorm content, and provide suggestions that can spark creativity and improve the quality of work.

AI can provide valuable information and insights to help in making informed decisions, such as property investment locations, rental rates, and investment strategies.

While AI can be a powerful tool, it is essential to remember that it does not replace the need for boots-on-the-ground research, talking to people, and taking action in property investment.

Embracing AI tools, learning how to use them effectively, and continuously adapting to new technologies can help property investors stay ahead in the industry.

BEST MOMENTS

"I think it's real powerful. Property investors are saving a load of time on things like marketing, like you described. But you can be really simple." 

"It's not going to help you implement it, haven't you? You've got to get off your bum, get out there." 

"I use it all the time. I use it now instead of Google. I don't really Google anything anymore." 

"Time efficiency is huge. And for me, in the hotel hospitality industry, the cost savings are immense." 

"Hopefully, for those who haven't tried using AI in their property business, or in any business, hopefully, we've inspired you to just go on and start that process." 

VALUABLE RESOURCES

This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591       

Property Wealth System YouTube - https://www.youtube.com/c/PropertyWealthSystem    

ABOUT THE SHOW

This Property Life is hosted by the team at Property Wealth System. We are a collective of experienced active investors passionate about all things property.

Caroline Claydon has over 22 years experience in investing in property but it’s only the last 12 years she’s operated as a professional investor.  Her and her husband have built their portfolio throughout the UK covering strategies from buy to let’s, social housing, HMOs, developments and more recently a hotel.  She has travelled the world training people for the last 10 years on how to invest, scale and accelerate their UK property businesses regardless of where they are based.   Caroline loves helping people reach their full potential by changing their mindsets to money, debt, property and investing. 

CONTACT METHOD

You can join Caroline and James along with a whole host of other like-minded investors in the Property Wealth System Facebook Community:

https://www.facebook.com/groups/propertywealthcommunity

Caroline Email: [email protected]

Caroline Linkedin: https://www.linkedin.com/in/caroline-claydon-property/

Hosted on Acast. See acast.com/privacy for more information.

This week, the team talk about the reasons why people fail in property investment and how they can overcome these challenges. Caroline and Nick look into the importance of having a clear vision, seeking help from mentors, and prioritising property investment in one's life. They also discuss the need to embrace failure as a learning opportunity and to take action despite the fear of failure. 

KEY TAKEAWAYS

• Having a clear vision and understanding of why you are pursuing a goal is crucial to success in property investment.
• Acknowledging the need for assistance and building a strong network of mentors and professionals can accelerate progress and prevent costly mistakes.
• Embracing failure as a learning opportunity and understanding that it is a necessary part of growth can help individuals move forward and achieve their goals.
• Focusing on cash flow properties rather than getting distracted by other investment opportunities is essential for sustainable financial success.
• Taking consistent action, staying focused on the end goal, and persisting through challenges are key factors in achieving success in property investment.

BEST MOMENTS

"I think the biggest mistake is attitude going in is, you know, I want to be wealthy now, rich now, well, okay, property probably isn't for you." 

"I love psychology. And I love like human studying human behaviour and why we do what we do and take the actions that we take." 

"Life can throw you curveballs and knock you off course."

"I think that word failure, if you can reframe that in your mind, will help you as well to just take the baby steps."

VALUABLE RESOURCES

This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591       

Property Wealth System YouTube - https://www.youtube.com/c/PropertyWealthSystem    

ABOUT THE SHOW

This Property Life is hosted by the team at Property Wealth System. We are a collective of experienced active investors passionate about all things property.

Caroline Claydon has over 22 years experience in investing in property but it’s only the last 12 years she’s operated as a professional investor.  Her and her husband have built their portfolio throughout the UK covering strategies from buy to let’s, social housing, HMOs, developments and more recently a hotel.  She has travelled the world training people for the last 10 years on how to invest, scale and accelerate their UK property businesses regardless of where they are based.   Caroline loves helping people reach their full potential by changing their mindsets to money, debt, property and investing. 

CONTACT METHOD

You can join Caroline and James along with a whole host of other like-minded investors in the Property Wealth System Facebook Community:

https://www.facebook.com/groups/propertywealthcommunity

Caroline Email: [email protected]

Caroline Linkedin: https://www.linkedin.com/in/caroline-claydon-property/

Hosted on Acast. See acast.com/privacy for more information.

In this podcast episode, we talk to Dan, Director of Your Save Management, who shares his journey in the property industry, starting from his teenage years when he initially got into property investment.

Dan discusses his experiences with various property strategies, including rent to HMO and service accommodation, and emphasises the importance of work ethic, integrity, and reputation in achieving long-term success in the industry.

KEY TAKEAWAYS

• Building a strong reputation through honesty, integrity, and delivering on promises is crucial for long-term success in the property industry.
• Traits such as a strong work ethic, a willingness to do whatever it takes, and a focus on helping others are essential for success and longevity in the industry.
• Success in the industry comes from solving people's problems, which leads to long-term relationships and financial rewards.
• Your Stays offers comprehensive service accommodation management services to help property owners maximize income and reduce management headaches.

BEST MOMENTS

“The biggest advice I'd give around that subject is that your first couple of years is so incredibly difficult to get off the ground if you're starting with very little capital."

"I think the glory days of opening something up, chucking it on one of the portals and sitting back and watching that money roll in, that was a short time frame."

"If you can solve someone's problem, then there's longevity in that and everything else will come along as a result of it."

 VALUABLE RESOURCES

This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591       

Property Wealth System YouTube - https://www.youtube.com/c/PropertyWealthSystem    

ABOUT THE SHOW

This Property Life is hosted by the team at Property Wealth System. We are a collective of experienced active investors passionate about all things property.

Caroline Claydon Caroline Claydon has over 22 years experience in investing in property but it’s only the last 12 years she’s operated as a professional investor.  Her and her husband have built their portfolio throughout the UK covering strategies from buy to let’s, social housing, HMOs, developments and more recently a hotel.  She has travelled the world training people for the last 10 years on how to invest, scale and accelerate their UK property businesses regardless of where they are based.   Caroline loves helping people reach their full potential by changing their mindsets to money, debt, property and investing. 

CONTACT METHOD

You can join Caroline and James along with a whole host of other like-minded investors in the Property Wealth System Facebook Community:

https://www.facebook.com/groups/propertywealthcommunity

Caroline Email: [email protected]

Caroline Linkedin: https://www.linkedin.com/in/caroline-claydon-property/

Hosted on Acast. See acast.com/privacy for more information.

In this episode, Nick and Caroline delve into the topic of couples working together in business while maintaining romance.

They discuss the importance of having a shared vision and goals as a couple, drawing from their own experiences in property investing. The conversation touches on the challenges of balancing work and romance, as well as strategies for communication and alignment in relationships where one partner may not be fully on board with the property business

KEY TAKEAWAYS

• Maintaining a shared vision and goals as a couple is crucial for working together in business and keeping the romance alive.
• Communication dates, where couples set aside time to talk about feelings and personal matters, can help strengthen the relationship.
• Personality differences can complement each other in a partnership, leading to successful outcomes in property investing.
• It is possible to pursue property investing even if one partner is not actively involved, as long as there is support and alignment in the life plan.
• Networking and being part of a like-minded community can provide valuable support and guidance for individuals pursuing property investing on their own.

BEST MOMENTS

"It's very challenging though to actually remain a married couple with the romance as well as all the business and talking vision and all of that stuff."

"I think the message here is very clear that you can absolutely do this on your own, without your partner helping you or hindering you in some cases. And equally, you can get the partnership aligned, ultimately, if the vision is in the similar vein."

 VALUABLE RESOURCES

This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591       

Property Wealth System YouTube - https://www.youtube.com/c/PropertyWealthSystem    

ABOUT THE SHOW

This Property Life is hosted by the team at Property Wealth System. We are a collective of experienced active investors passionate about all things property.

Caroline Claydon Caroline Claydon has over 22 years experience in investing in property but it’s only the last 12 years she’s operated as a professional investor.  Her and her husband have built their portfolio throughout the UK covering strategies from buy to let’s, social housing, HMOs, developments and more recently a hotel.  She has travelled the world training people for the last 10 years on how to invest, scale and accelerate their UK property businesses regardless of where they are based.   Caroline loves helping people reach their full potential by changing their mindsets to money, debt, property and investing. 

CONTACT METHOD

You can join Caroline and James along with a whole host of other like-minded investors in the Property Wealth System Facebook Community:

https://www.facebook.com/groups/propertywealthcommunity

Caroline Email: [email protected]

Caroline Linkedin: https://www.linkedin.com/in/caroline-claydon-property/

Hosted on Acast. See acast.com/privacy for more information.