Meet Tokeet Channel Manager, your ultimate all-in-one property management solution. It’s the game changer designed to boost your profits while simplifying every aspect of your operations. Join 60,000 rentals across 95 countries who trust Tokeet. Click below and discover Tokeet - the business partner you never knew you were missing!
Link: https://www.tokeet.com/?ref=ztfjzgj

THE AIRBNB CONSULTANT - CONTACT US
https://airbnbconsultant.co/

DESCRIPTION
For this episode, Alex is joined by Emma Fielding, a young award-winning entrepreneur. At the age of 30, she has already flipped 12 properties, with another 3 in the pipeline, and has done this in just 6 years.

She explains how she flips properties quickly, finances her purchases, and succeeds in business despite dyslexia. Because of the way she researches each potential deal, Emma can predict within a 2% margin how much each flip will make. During the episode, she shares her exact process.

KEY TAKEAWAYS

• You don´t need as much equity as you think to get started.
• It is not too late to get started with flipping UK properties. Emma explains how.
• Emma built her property business while holding down a corporate job.
• Research and knowing the area is essential for accurately calculating the return for each project.
• Get quotes from 3 or 4 trades, question them in depth and do your own costings.
• Build your brand online, when people know your work you get more out of networking and attract investors.

BEST MOMENTS

“6 weeks later … we had added about £40 grand worth of equity from a £10 grand investment. ”
“Where there's turbulent times, there's always an opportunity in property.”

GUEST BIO

Emma has built a successful property-flipping business in her hometown of Barnsley, South Yorkshire. After renovating her own properties in 2019 & 2020 and starting with just £20,000, Emma quickly got the property bug and decided a year later to leave her corporate career behind her to pursue creating luxury high-spec family homes in her local area.

To date, Emma has flipped 12 properties with another three in the current pipeline and has raised over £2million from angel investors. Emma's second year of trading amounted to a turnover of over £1 million with a net profit of six figures.

In December last year, Emma was crowned Young Property Investor of the Year 2023. Emma has some ambitious plans for the next few years including building a buy-to-let portfolio and starting small new build developments.

Email: info@emmapropertydevelopments.co.uk
Instagram: @EmmaPropertyDevelopments

HOST BIOS

Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years.

This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle by design.’

Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.

Meet Tokeet Channel Manager, your ultimate all-in-one property management solution. It’s the game changer designed to boost your profits while simplifying every aspect of your operations. Join 60,000 rentals across 95 countries who trust Tokeet. Click below and discover Tokeet - the business partner you never knew you were missing!

Link: https://www.tokeet.com/?ref=ztfjzgj

THE AIRBNB CONSULTANT - CONTACT US

https://airbnbconsultant.co/

DESCRIPTION

For this toolbox episode, Alex talks about how to scale your Airbnb rent to rent business, to go from securing your first deal to generating income from multiple properties. To turn your side hustle into a business that enables you to give up your day job.

KEY TAKEAWAYS

• Start by mastering the management of your first property.
• If you don´t have your first property running smoothly, running more will be too much and you will fail.
• Put in place good systems that provide a flawless guest experience and keeps the property in perfect condition.
• Streamline your processes before you scale.
• Remove yourself from as many day-to-day tasks as possible e.g. cleaning or taking bookings.
• Use software and apps to automate as much as possible.
• Focus on building your network. Your network is not just agents. Cleaners, maintenance teams and other hosts can also be good sources of leads and partners.
• Treat your suppliers and team like gold, they are the ones that deliver the excellence that makes your business shine.
• Master cashflow. Short-term and long-term financial planning is crucial.
• Use the management model to start working with people who own properties that need attention. Later, they may rent to you.
• Work on the business not in the business.
• Invest in education for you and your team.

BEST MOMENTS

“Scaling isn´t about working harder. It´s about working smarter.”

“The 1st deal is always the hardest one…to scale you need to make sure you have a solid foundation in place.”

“That first property, that is your blueprint. This is where you're cutting your teeth making sure that you're getting everything right.”

“You've got to have repeatable systems in place that allow you to handle multiple properties without burning out.”

“Trust is crucial to your success.”

“In the UK, we've got this massive rental crisis. But it's not impossible.” – (finding more properties to rent and use for Airbandb)

EPISODE RESOURCES

How to secure that first R2R Airbnb deal direct to landlord episode - https://podcasts.apple.com/gb/podcast/how-to-secure-that-first-r2r-airbnb-deal-direct-to-landlord/id1725492164?i=1000675986688

Software that will make managing your property easier –

https://www.tokeet.com/?ref=ztfjzgj

https://rategenie.io

https://hello.pricelabs.co

https://turno.com

https://stripe.com

https://www.tidy.com

HOST BIOS

Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years.

This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle by design.’

Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.

Meet Tokeet Channel Manager, your ultimate all-in-one property management solution. It’s the game changer designed to boost your profits while simplifying every aspect of your operations. Join 60,000 rentals across 95 countries who trust Tokeet. Click below and discover Tokeet - the business partner you never knew you were missing!
Link: https://www.tokeet.com/?ref=ztfjzgj

THE AIRBNB CONSULTANT - CONTACT US
https://airbnbconsultant.co/

DESCRIPTION
For this episode, Alex is joined by another young and inspiring entrepreneur - Jack Smith who started investing in property about 5 years ago. Today, at the age of 27 he has flipped numerous houses and built up a large portfolio of properties. He also sources and sells deals to other developers and is in the process of creating a luxury HMO portfolio. All while sharing his knowledge via social media and other free to access materials.

KEY TAKEAWAYS

Try to make your first deal a joint venture that you do alongside someone with experience.
Education is essential. It is the starting point.
Even though it is tough, push yourself to network to find partners and people you can learn from.
If you do quit your day job, do it at the right stage.
Leverage social media to build your brand, attract investors and make it easier to change direction and monetise your business in multiple ways.
Focus on motivated sellers that need to sell to solve urgent problems.
Doing a deal that helps the buyer makes sense for both parties e.g. buy fast before repossession and help them to move into rented accommodation. Win wins work.
If a property is not suitable you can still earn something by selling the details on to another developer that does want it. Deal packaging works.
There is huge demand for HMO rooms especially at the luxury end of the market.
It is now possible to use individual electricity meters for each room, which helps to control HMO power bills.

BEST MOMENTS

“I thought there was a lot more complexity to flipping a house, and I was actually surprised at how simple it was.”
“Just off that one video, 1000 investors signed up to our email list.”
“Education is the starting point. If you're not educated, if you don't know what you're doing, or at least what you could be doing, what's the point?”

EPISODE RESOURCES
https://www.jack-smith.co.uk
https://www.youtube.com/@jackdavidsmith

https://rightval.com

HOST BIOS

Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years.

This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle by design.’

Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.