Listen "Seven UK Property Lessons I Learned This Year"
Episode Synopsis
#187This is the first instalment of a special season of daily episodes celebrating the 12 days of Christmas.But, this content has been designed to be consumed at any time of any year!For the next 12 days, we're giving you Seven Gifts a Day.Today's episode is Seven lessons I learned in 2024.In the spirit of brutal honesty, here are seven things I’ve learned in the past year:Lessons that have come from either failure or perhaps just things that need improving…The Seven Lessons Learned:1: To Be More Careful at the StartOptimism vs. cautionImportance of attention to detail in arrangementsExamples of oversight with service accommodation and business partnerships2: To Take Action QuickerBalance between analysis and momentumReference to Benjamin Hardy’s approachCombining quick action with careful analysis3: DelegationImportance of hiring and delegating tasksHiring experience and benefitsOnlinejobs.ph recruitment platform4: Financial ControlEssential for scalable property investmentsNeed for detailed financial analysis beyond an accountant's roleExample of discovering cost issues within the portfolio5: No More Coffee in the EveningsPersonal changes for better productivityImpact of evening caffeine on sleepAlternative: Chamomile or peppermint tea6: To Pay More Attention to the Motivations of OthersUnderstanding motivations behind advice or opinionsExample of property commentators on stamp dutyAwareness of potential biases7: To Think About the IRR (Internal Rate of Return)Reconsideration of investment metricsImportance of IRR alongside ROCE (Return on Capital Employed)Example involving ROI and project timelineOur investor list is full right now, but we'll be doing more projects in the year ahead.Schedule a callto see if we're a good fit for each other.I'd Like Help With Setting My GoalsLeave an honest review of Expat Property StoryJoin our Mailing List to join our WhatsApp group AND access our 37 Question Due Diligence Checklist AND our 23 Step Guide to Buying Property at Auction AND our Monthly NewsletterFollow Us on InstagramWhat's the one thing you’re struggling with in UK propertyDetails of where to meet Expat Property Investors (For FREE):Hong Kong: Pacific Coffee, 2/F, Central Building, Central (1st Saturday each month from 11:30 am)Dubai: Holiday Inn, Science Park (1st Wednesday each month from 7pm)Singapore: The Providore at VivoCity (1st Saturday each month from 10:30 am)Keywordsinvesting tips, property investment, expat property story, Christmas podcast, business relationship, optimism in entrepreneurship, property management, service accommodation, financial control, property portfolio, management fees, hiring process, delegation, property strategies, UK property market, stamp duty, renters rights bill, interest rates, property legislation, property motivation, internal rate of return (IRR) return on capital employed (ROCE), property commentator, expat property challenges, investor list, podcast review, future planning.
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