Episodios
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This week, I sit down with Jose McClure from Unit Management, a family-run 👨👩👧👦 flex space provider with nearly 60 years of history.
Founded by Jose's father, the company has steadily expanded over the years and now operates 22 buildings across 20 locations.
After 20 years in residential property, Jose joined the family business four years ago. He now shares what it’s like to step into a company with deep roots and navigate the fast-changing world of flex space.
In this episode, Jose dives into:
The challenge of proving yourself in a family business How Unit Management unintentionally became flex space pioneers Why some buildings buzz with life and others just don’t ⚡🤷He also sheds light on the not-so-glamorous side:
The constant headache of business rates 💸 The complexity of pricing flexible space The "organised chaos" that is commercial property management 🤯Whether you're curious about the flex space industry or the shift from residential to commercial property, Jose’s story gives a candid peek behind the curtain.
Tune in for a lively chat about family, business, property, and the unpredictable world of flexible workspace! 🎧✨
JOIN THE NETWORK If you want to learn more about investing in Commercial Property (and avoid some of these heating headaches), why not consider joining the CPI Network? We're a community of active investors who collaborate, share experiences, and empower each other in our Commercial Property endeavours.
Useful Links:
Jose's LinkedIn: https://www.linkedin.com/in/jose-manuel-mcclure-uml/
Unit Management Website: https://www.unitmanagement.co.uk/
CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/
See omnystudio.com/listener for privacy information.
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In this episode, we're pulling back the curtain on a nail-biting two-year journey that tested my resolve, creativity, and sanity...
Yep, it's the one you've been waiting for; our refinance.
We dive into:
Our journey refinancing millions of £££s in loans 💸 My financial wish list vs. reality check ✅ The CFADS conundrum and why it sent us searching for new lenders 🔍But it's not all number-crunching! We also share:
Surviving the emotional rollercoaster of endless loan extensions 🎢 Maintaining (or not maintaining) sanity under pressure 🧠 The hidden toll on family life and creativity 👨👩👧👦 Nuggets of wisdom for fellow property investors navigating choppy financial waters.This journey was by far one of the most challenging experiences of my business career to date. But we got what we wanted in the end, learned invaluable lessons along the way and now we're passing that knowledge on to you.
We hope this story resonates with you, whether you're facing similar challenges or just curious about the realities of property investment. If any part of this episode strikes a chord, we'd love to hear from you.
After all, we're all in this to grow, learn, and succeed. 🚀💪
JOIN THE NETWORK If you want to learn more about investing in Commercial Property, why not consider joining the CPI Network? We're a community of active investors who collaborate, share experiences, and empower each other in our Commercial Property endeavours.
Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/
See omnystudio.com/listener for privacy information.
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In this episode, Megan and I dive into a candid conversation about the key lessons we've learned over the past 18 months while managing our commercial property portfolio. And trust me, there’s been a lot to navigate.
Here’s what we discuss:
Developing a healthy scepticism towards promises made by professionals (contractors, lawyers, accountants) and the importance of thorough due diligence 🥸🔍 The benefits of focus - knowing when to put projects "on ice" to concentrate on top priorities, rather than trying to juggle too much Recognising when to bring in outside help, even if it feels challenging, in order to overcome personal roadblocks more efficiently. Understanding the nuances of balancing a desire for premium service/experience with financial realities and maintaining healthy margins.As they say, every day is a school day… and that couldn’t be more true here 😅.
We hope you enjoy this honest conversation! Our goal with these episodes is to share the real-world challenges and insights we encounter day to day, believing that our transparency can help others on their own paths. So if there’s a topic you’d like us to explore - whether it’s property, business strategy, or personal growth - let us know. We'd love to hear from you.
JOIN THE NETWORK If you want to learn more about investing in Commercial Property, why not consider joining the CPI Network? We're a community of active investors who collaborate, share experiences, and empower each other in our Commercial Property endeavours.
Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/
See omnystudio.com/listener for privacy information.
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In this episode, I'm tackling a question I get asked all the time:
Who actually rents commercial space these days? 🤔💭
Turns out, it's not just start ups and freelancers 🤷 I'll walk you through the surprising variety of tenants we've had over the years - from international brands to some truly unexpected local businesses...
We'll cover:
Traditional office users (with some twists) Unconventional tenants you might not expect The growing health and wellbeing sector 💇💆♀️ How employees are becoming space consumers themselvesI'll also share my thoughts on why targeting specific sectors might not always be the best strategy, and what actually brings these diverse tenants together.
Ready to find out who might be knocking on your property's door next? Tune in and find out some useful insights about the ever changing landscape of commercial property tenants 🎧😊
JOIN THE NETWORK If you want to learn more about investing in Commercial Property, why not consider joining the CPI Network? We're a community of active investors who collaborate, share experiences, and empower each other in our Commercial Property endeavours.
Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/
See omnystudio.com/listener for privacy information.
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In this episode, I pull back the curtain on some of the red flags 🚩 I've encountered when vetting potential commercial tenants over the years.
From subtle cues like eye contact, to more overt behaviours like a false sense of urgency, I outline the key signs that may indicate a tenant is not quite the right fit. But it's not all doom and gloom - I also highlight the positive indicators to look for, like transparency and professionalism .
Ultimately, it's about finding that delicate balance between filling vacant spaces and protecting your investment. And believe me, I've navigated that tightrope 🤸♀️ more times than I can count.
Key Takeaways:
Common red flags to watch for when evaluating potential tenants 🚨 Positive signs that indicate a tenant may be a good fit ✅ Balancing the need to fill spaces with the importance of thorough vetting.JOIN THE NETWORK If you want to learn more about investing in Commercial Property, why not consider joining the CPI Network? We're a community of active investors who collaborate, share experiences, and empower each other in our Commercial Property endeavours.
Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/
See omnystudio.com/listener for privacy information.
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"I want to get into commercial property, but I'm worried about vacancy costs."
Sound familiar? 🤔
In this eye-opening episode, we're tackling one of the biggest mental blocks for aspiring commercial property investors. We're diving into:
Why the fear of vacancy is so prevalent The hidden opportunities in the "invisible" commercial property market 🕵️♀️ Why the residential property mindset might be holding you back 🏘️ ➡️ 🏢 Two game-changing strategies to mitigate vacancy risks: The power of buying tenanted properties 🤝 Finding the customer first, then the building 🎯Don't let the fear of vacancy freeze you out of fantastic opportunities. This episode is your guide to navigating the commercial property landscape with confidence. We'll help you shift your mindset, ask the right questions, and take those crucial first steps.
Ready to see commercial property through a new lens? Tune in and discover how to turn those vacancy worries into your next big win! 🚀🏢
JOIN THE NETWORK If you want to learn more about investing in Commercial Property, why not consider joining the CPI Network? We're a community of active investors who collaborate, share experiences, and empower each other in our Commercial Property endeavours.
Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/
See omnystudio.com/listener for privacy information.
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In this episode, Graeme and I dive into the latest updates across the world of commercial property finance.
We cover:
The recent interest rate changes from the Bank of England, and what that means for your borrowing 📉 The mixed bag of fixed vs variable rate options, and how lenders are responding 🏦 The challenges of finding financing for smaller loan amounts, and where the opportunities lie 💸 The nuances of vacant possession value vs open market value, and how that impacts your options 🏪 The surprising ways some lenders are now incentivising eco-friendly properties 🌿Plus, Graeme shares his predictions on when we might see the next interest rate adjustment - spoiler alert, it's anyone's guess! 🔮🤷
As always, we're providing an honest, insider's view on the realities of commercial property investing. Whether you're a seasoned pro or just getting started, this episode is packed with the latest intel to help you navigate the ever-evolving financial landscape.
So grab a pen and paper, it's time to get up-to-date on what's happening in the world of commercial property finance.
JOIN THE NETWORK If you want to learn more about investing in Commercial Property, why not consider joining the CPI Network? We're a community of active investors who collaborate, share experiences, and empower each other in our Commercial Property endeavours.
Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/
See omnystudio.com/listener for privacy information.
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"I'm new to Commercial Property, how do I get started?" 🤔
It's the million-dollar question we get asked time and time again. This week, Megan and I are tackling it head-on, and spoiler alert: there's no one-size-fits-all answer!
Here's what we're unpacking in this episode:
Why your starting point depends on YOU (sorry, no magic formula here!) The importance of defining your long-term goals (where do you see yourself in 5, 10, 20 years?) Money talks: How your available capital shapes your options Active vs. Passive: Choosing your level of involvementWe're breaking down some popular routes for newbies:
Single let units 🏠 Value-add strategies The CMO approach: For those who like to roll up their sleeves.Remember, it's easy to get distracted when you see what others are doing. But the key is figuring out what YOU want, taking that first step, and building your confidence and credibility in the market.
JOIN THE NETWORK If you want to learn more about investing in Commercial Property, why not consider joining the CPI Network? We're a community of active investors who collaborate, share experiences, and empower each other in our Commercial Property endeavours.
Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/
See omnystudio.com/listener for privacy information.
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Ever had one of those projects where everything that could go wrong, does go wrong?
Well, buckle up, because we're diving into the world of commercial property heating mishaps, and let me tell you, we've had quite the learning curve over the past two decades!
In this episode, I'm pulling back the curtain on some recent challenges we've faced with our own property portfolio. Today's star of the show? A heating system that's quite literally been giving us the cold shoulder 🥶
Here's a sneak peek of what we're covering:
The saga of two boiler rooms and ten gradually failing boiler heads Balancing professional advice with hands-on problem-solving A creative solution involving a local blacksmith The ongoing search for reliable heating expertise 🤷 What happened when we thought we'd found "the one".But it's not all doom and gloom! We're also sharing some hard-earned wisdom:
Why scheduling plumbing work on Fridays is a risky move The importance of always putting customers first And the fine art of sniffing out BS 💩 in the world of commercial heating.Whether you're knee-deep in commercial property or just dipping your toes in, this episode offers both laughs and lessons. So remember, when life gives you lemons, make lemonade. And when your heating system fails? Well, that's what podcast material is made of🎙️.
JOIN THE NETWORK If you want to learn more about investing in Commercial Property (and avoid some of these heating headaches), why not consider joining the CPI Network? We're a community of active investors who collaborate, share experiences, and empower each other in our Commercial Property endeavours.
Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/
Property Investing, Commercial Real Estate, Heating Systems, Property Management, Maintenance Issues, Problem-Solving, Commercial Property Challenges, Landlord Experiences, Property Portfolio, Heating Engineers, Boiler Problems, Plumbing Disasters,
See omnystudio.com/listener for privacy information.
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This week, we’re shaking things and diving into some of your questions.
In this light-hearted episode, Megan and I take on your customer enquiries sharing our thoughts and experiences along the way.
We cover:
🛋️ Furniture: "Do you provide furniture for CMO customers?" 💸 Deposits: "Do you take deposits and is there a scheme I need to use?" 📝 Contracts: "Why do you prefer licenses over leases?" 🚀 Customer Onboarding: "Can you give me some ideas to get started?" 🏢 To Staff or Not to Staff: "Do I need to have a staff member on site?"We hope you enjoy this episode and if you have any questions of your own, we’d love to hear from you. Connect with us on social media, join our Facebook group, drop us an email, or simply leave a review.
So make sure you tune in for some quick fire questions and a little bit of fun!
JOIN THE NETWORK
If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours.Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/
See omnystudio.com/listener for privacy information.
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Imagine possessing a superpower that allows you to see what others can't - a power that could revolutionise your approach to investing in commercial properties.
But in this realm, your power isn't about extraordinary abilities like flying or shooting lasers. It's about getting your hands dirty with market research...
So, what do I mean by that?
When you first start out, you may be on the lookout for sale signs, rental listings, and online postings to grasp what's happening in your local area. Yet, it feels like you're not quite seeing the full picture, like something crucial is missing 🤷
The answer lies in understanding the deeper market dynamics beyond what's obvious. True market insight means:
analysing current demand, identifying thriving sectors, and uncovering hidden opportunities.Join us in this episode as we explore how to go beyond surface-level observations and make informed investment decisions. Discover the essentials of mastering market research and turning your curiosity into successful investments.
So, what do you say?
Let's team up to cultivate a new superpower...
Seeing the unseen in commercial property investing 🦹♂️✨.
JOIN THE NETWORK
If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours.Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/
See omnystudio.com/listener for privacy information.
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Once upon a time, back in 2004, while Google was busy revolutionising email storage and Mark Zuckerberg was blissfully unaware of the social media titan he was creating, I stumbled into my very first commercial property deal.
Fast forward 20 years, and while I’m no Facebook expert 😅 I do have a pretty good grasp on commercial property investing. So, I thought, what better way to celebrate the past two decades than by sharing my learnings with all of you?
All jokes aside, this list might be one of the most important episodes I've done to date. It’s packed with things I wish I knew before getting started in commercial property.
Now, I'm not claiming to have all the answers. Even after all this time in the industry, I’m still learning too. In fact, some of these insights are fairly fresh epiphanies. However, they do all stem from years of real life experience and countless encounters - and some of them, just like point number 2 from my list, are just my professional opinion 😉
So, without giving away too much more, I hope you find this episode useful! Make sure you hit that play button and soak in some of my hard-earned lessons from over the years.
Let's dive in...
JOIN THE NETWORK
If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours.Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/
See omnystudio.com/listener for privacy information.
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In today's episode, we're shifting gears from our usual focus on commercial property investing to delve into the world of flat roofs.
You might not know this, but I've spent over 25 years in the flat roofing industry. I've installed countless roofs over the years and have been running a company that supplies roofing products for over two decades. Needless to say, I've learned a thing or two along the way.
While today's topic might seem a bit out of the ordinary, flat roofs can significantly impact property valuations and ongoing maintenance. My goal is to share insights from my industry experience that I hope you'll find valuable.
Why do flat roofs leak so much? Are warranties really worth the paper they are written on? Is the product more important than quality of labour? Is ponding of water really the kiss of death? What do blisters mean?
We'll cover the basics of what makes up a flat roof, explore the various types of systems that can be installed, and discuss their unique features. Plus, we'll tackle some important questions, like:(It's not a scary as it sounds, I promise 😂)
The key point to note is that, despite popular belief, well-installed flat roof systems should last a very long time without frequent replacements or leaks.
The secret lies in skilled craftsmanship.
Make sure to tune in and expand your knowledge. Whether you're viewing a Commercial Property or dealing with that dreaded tap-tap-tapping sound of a leak, being informed can help you make better decisions and possibly save you from costly repairs further down the road.
JOIN THE NETWORK
If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours.Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/
See omnystudio.com/listener for privacy information.
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"How do you borrow money to buy a commercial property in the UK?"
This is a question I get asked A LOT, especially by those new to commercial property investment. If you’ve been wondering about this yourself or need a refresher on the various options that are out there, then this episode is for you.
We'll tackle some of the crucial questions every aspiring commercial property investor needs to know:
How do you borrow money for a commercial property in the UK? How much deposit is needed? The ins and outs of bank finance and alternative lending options What factors affect your borrowing potential? Tips for overcoming the challenges of securing financeWe’ll explore the basics of high street lending, including loan-to-value and deposit requirements, income serviceability, and the crucial role of demonstrating your own experience.
And as many of you might be thinking right now...
If you lack experience in commercial property, don't discount your experience in other areas like residential property or business. It's all about effectively showcasing your skillset, building relationships, and earning trust through your results. We all have to start somewhere.
Be sure to tune in to learn about the different ways to borrow money in the UK and enhance your knowledge, so that you can make the best decisions for your property investments. For more support or to dive deeper into the world of commercial property, make sure to join the CPI community and get in the swim.
JOIN THE NETWORK
If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours.Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/
See omnystudio.com/listener for privacy information.
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Do you already have some Residential and you’re on the fence? Is Commercial for you? Today we are going to discuss some key differences between Residential and Commercial property investing to help answer these two questions for you (and help you make a decision on your investing strategies).
It's important to know a Pension pot can make a serious difference to your Property strategies.
If you have a residential property and you have a pension (SSAS or a SIP); investing in residential is problematic and difficult. However, commercial property can sit inside a SSAS Pension. I am not a pension expert, but I do know how to make a CMO work in conjunction with a SSAS
Some of the Key Differences at a glance; Commercial Vs. Residential
Commercial Investing; Differences getting into the deal; such as There's no additional Dwelling Supplement (ADS) with Commercial Land & Buildings Tax does apply VAT - it might be applied – but you could claim it back (including refurb). Can be up to 75% Loan to Value (LTV) The Valuations, Surveys and lawyers fees are generally more expensive. The contracts can also be more complex comparatively.So what about the Finance?
LTV dependant on Vacant Possession Value (value of the bricks & Mortar) or Open Market Value (value of the income/quality of your tenant). Experience is important to lenders too (they want to know you’ve got it!) Less lenders in this sector Some will lend when the Commercial property is within a mixed portfolio, but your residential lenders might not. Return on Investment (ROI) and Cashflow can be much higher.Strategies- Commercial is not a single strategy
There's lots of strategies in Commercial just like in Residential.Buy to Let (B2L)
Rent to Rent (R2R)
Deal Sourcing
Flipping
Lease options
Single lets & Multi-lets
HMO - CMO
SA – Serviced officesThere are many different locational differences; and values that will change depending on which sector you’re in; what location you’re in and what strategy you’re in.
Valuations
One of the key things is comparable properties to yours. This is to directly evidence the valuation given. In commercial, the comparable are there but they’re looking on the yields (What is the yield rate that the investors are expecting and paying for?), the covenants (quality of the tenant) & the length of the agreement (the security of the income).Make sure to listen in to get an overview on all the differences as well as help develop your own knowledge and research further to make the right decision for you and your property investing. If you’d like to know more and delve deeper, make sure to join the CPI community and get engaging now
Key Moments
“Commercial is not a single strategy; So strategies could be things you’re very used to i.e. Buy 2 Let,Deal Sourcing, Flipping, Lease options, Single lets & Multi-lets, HMO - CMO & Serviced offices” “There are many different locational differences; and values that will change depending on which sector you’re in; what location you’re in and what strategy you’re in.” “…You do have a choice of being passive or active as an investor; and ongoing as potentially an operator” “Most of the industry is geared up to people coming into the sector, to invest their money that they need somewhere else (rather than coming into commercial to try and develop equity & income and a living from commercial” “If you can double the yield… then you might actually be able to double the price.” “Why wait for the market to go up when you can force your own property value up (no matter what the market is doing” “It’s a subtle difference”JOIN THE NETWORK
If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours.Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/
See omnystudio.com/listener for privacy information.
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Today we are diving into what's absolutely crucial to overcoming challenges and getting more success in commercial property investing (or any industry for that matter!).
Maintaining a growth mindset is key for experts or beginners and this is best done through listening & learning yourself. It may seem strange as an expert as you're often seen as or treated like a leader or font of knowledge around your expertise; but there's still so much to learn.
Do you manage to maintain your mindset when things become difficult? Or does it go by the wayside?
For instance, during tough times I have seen many investors get discouraged. Leading to a fixed mindset, where they cannot see out of the box (where they see their current difficulties are permanent and insurmountable. This mindset can stifle growth and innovation (it can be hard to come back)
How to avoid a Fixed - Mindset
Compartmentalising - this is where you treat things or process tasks and challenges separately. It is knowing when to park it to move on and deal with the next problem or task. The key is to recognise the things you can change or control to take pressure away from those that you have zero control or ability to affect in the immediate future. Along side this is the recognition of time; Rome was not built in a day and some things require time for others to act, processes to adhere to and stages to complete. Networking - Putting yourself out there to meet and see others working (which is inspiring and counterbalances & can really make the difference). Know when to Back Off (or when to push ahead). Its not an exact science. Its knowing when to go all in at the clutch, but equally when to step back and cruise to reserve energy. Embrace Challenges - see them as opportunities (Check out last weeks episode for more on this!). A chance to learn, rather than an obstacle. Acknowledge and learn from Criticism - use feedback as a tool for improvement. Recognise efforts and perseverance as well as the wins“ A growth mindset is the belief that abilities and intelligence can be developed; through dedication, hard work and continual learning" - Carol Dweck
KEY MOMENTS
"Mindset is simple; when you think or claim you know everything, your knowledge is limted to what you've achieved so far. thats it. finito!" "When you're focused on learning more & more every day; your mindset is set on growth" “This moment right there, is what I am talking about; The mountains have closed in, the weather’s taken a turn and the navigation system is failing. “Some will give up, right here-and-now; most will push on. Some will then, when required, push on again. But even the strongest willed begin to have doubt…” “Even the strongest willed begin to have doubts… survival becomes the key focus, and not growth.” “A growth mindset fosters resilience, creativity and a willingness to take on challenges & to find out the best solution” “Challenges are inevitable, of course; but how we respond to them can make all the difference” “ I cannot overstate the power of focussing on one-to-one conversations with those around you (your mentors or mentees) as this is key to growth”Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/
See omnystudio.com/listener for privacy information.
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We are talking all about Perspective today; “Every now and then we need to step back from the coal face and review.”
Whats working? what’s not producing the right results? Systems and processes are always vastly important but sometimes neither of these are helping you past a roadblock to help.
Are you making headway or are you stuck in a loop?
Commercial property ebbs and flows, often feeling in one moment like wading through treacle then immediately bombarded by everything all at once.
KEY TAKEAWAYS
Successful property investment is a mix of three key things
Access to funds - You need to access money to invest in property generally (either now, or later in some circumstances). Raising money could even be the key component you are missing. Access to money allows you to be agile and take opportunities as they arise. All is not lost if you don’t have enough money, however it will help in future when you’re prepared. Knowledge & Experience - Experience helps remind you of when and what to action; where you’ve perhaps had a pitfall before, or prior successes, will always lay a foundation on how to proceed in the future. This brings with it the knowledge on what to do next and is fundamental in successful property investment. However without taking action, it will always be difficult to start to gain and learn both knowledge & Experience (regardless of how many courses or trainings you may have sat- its the action that provides that last lesson). You need to build up some knowledge, and in time as we go on we gain experience. We can use other peoples experiences, but you will always need to ‘take the wheel’ some time. & Opportunity - Opportunities are often subject to both of the above (access to funds and Knowledge & experience). Additionally, one investors opportunity is another investors nightmare. People often bring to me information on potential properties for sale; perhaps they don’t have the knowledge or experience yet? An opportunity isn’t necessarily a ‘building for sale’; it’s a building for sale, with some upside. By looking for opportunities, you’ll also be adding to your knowledge & experienceAll three of these mean nothing, if you’re not taking action. If you’re lacking in any three of these, networking will help you bridge the gap. A lot of people don’t have all three, and will often use networking with purpose, to produce positive results. "Networking with purpose, backed up with action, will produce positive results." JOIN THE NETWORK - https://commercialpropertyinvestor.co.uk/work-with-me/
As we get better & better, each of these three components rise and mesh together.
Key Moments
“Opportunity without access to funds, or experience, is not really a true opportunity is it? An opportunity with access to money, but no experience, could end in disaster. Rarely does anyone have all three.” “Without access to money or opportunity, Knowledge and Experience is like a jam sandwich; without the bread.” “We’ve all met the course junkies; been on many courses, spent lots of money, but took no action. “ “Finding buildings for sale is one thing; but finding opportunities is harder” “If you’ve not prepared the ground work for investors, that opportunity may not wait”If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours.
Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/Commercial Property Investor, properties, investment, Domestic, finance, how to, networking
Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/
See omnystudio.com/listener for privacy information.
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This time I'm talking to Alexandra Livesey from Clockwise, a company specialising in transforming historical buildings into flexible workspaces. Alexandra discusses Clockwise's rapid growth from 3 to 16 buildings (and counting) across four countries in just a few years. She emphasises the importance of understanding and respecting the local community and heritage of each building, and shares insights on incorporating hospitality experience into the real estate sector, the importance of transparency in business, and the utilisation of the metaverse for virtual meetings.
KEY TAKEAWAYS
Clockwise focuses on creating flexible workspaces that honour the history and community of each building they operate in. Clockwise's approach to building out spaces involves incorporating the local community's heritage and values, allowing for individuality and creativity among its members. Clockwise leverages transparency, scenario planning, and a strong team to drive success in the flexible workspace industry. The use of the Metaverse by Clockwise showcases innovation in connecting geographically dispersed members and enhancing emotional connections in virtual meetings. Alexandra emphasises the importance of aligning personal brand values with business ventures to ensure long-term success and growth.BEST MOMENTS
"I think every building has a purpose... So what works in Exeter doesn't work in Glasgow or in Antwerp or Brussels."
"I think it will become more and more ingrained in what we do... this new generation is growing up intuitively using not only the real world, but also this virtual world."
"You always need to know what's the worst case and how you're going to deal with it."
"The thing about the metaverse is you actually have the ability to connect better because you're not only seeing the face... The exchange of and display of emotion in that environment seemed greater."
JOIN THE NETWORK
If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours.
Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/
Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/
See omnystudio.com/listener for privacy information.
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I look into the question of whether one should go full-time in property investment. I have seen this question a few times lately and it is not about "should i quit my job", but rather should I ever go full time in property even if I have the income to do so. Drawing from personal experience and observations, I talk about the different perspectives on this topic, emphasizing the importance of understanding one's goals and circumstances before making such a decision. I'll share my own journey of transitioning to full-time property investment, the potential challenges and benefits of doing so, and the considerations regarding income, experience, and opportunities in the property industry.
KEY TAKEAWAYS
Going full-time in property should be a decision based on individual circumstances, including financial stability and long-term goals. It is essential to have a clear understanding of one's financial situation and goals before transitioning to full-time property investment. Balancing day-to-day income with long-term investment growth can be achieved through a dual strategy approach. Seeking advice and gaining experience in the property industry is crucial, especially for individuals with significant income from other sources. Collaboration and support from individuals with diverse backgrounds and experiences can be beneficial in navigating the commercial property investment landscape.BEST MOMENTS
"I've come across one or two podcasts and commentators saying that you should not be full-time in property, ever. And it made me think..."
"Full-time is the end goal and the starting point all in one. They want to be free from a boss or another business with the annoying customers and challenges it brings."
"For a lot of people, getting started in residential, they're sold, this is the outcome you're after. Get yourself free."
"The big difference for me was that I could choose to work in the business rather than invest from the outside of the business."
"It's just really important to understand where you're at and where those gaps are and try and fill them."
JOIN THE NETWORK
If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavors.
Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/
Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/
See omnystudio.com/listener for privacy information.
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This time, I share the top five business expenses of running a multilet commercial flexspace portfolio, incurred by our business over the past financial year. I'll provide you with a detailed breakdown of costs, including energy, staffing, interest payments, maintenance, and cleaning.
Through a comparison with the previous year, I highlight the significant increases in energy costs due to price increases and also touch on strategies for managing costs, projections for the upcoming year, and the impact of various factors on the business's financial performance.
KEY TAKEAWAYS
The top five expenses for the business were energy, staffing, interest payments, maintenance, and cleaning.
Energy costs saw a significant increase from the previous year, with wood pellets and electric expenses notably higher.
Staffing costs remained relatively stable, while interest payments saw a substantial increase.
Maintenance costs included both regular maintenance and improvements to the properties.
Cleaning expenses are surprisingly high, with additional costs for waste management.
BEST MOMENTS
"Energy didn't used to be our most expensive part of our business, but it is now and has been last year."
"I can't believe how much money we spend on cleaning."
"Our turnover is increasing. It's not quite where we've projected, but hopefully we're going to get somewhere near that."
VALUABLE RESOURCES
JOIN THE NETWORK
If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours.
Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/
Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/
See omnystudio.com/listener for privacy information.
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