Ready to grow your property business without the hype? Start your free two-month membership trial with This Property Life today! https://bit.ly/this-propertylife-memebership——————————————————————In this episode of This Property Life, host Sarah Blaney sits down with Michael Langley, a small-scale property developer who has built his business through smart partnerships and a clear vision. What You'll Learn:How Michael’s architectural skills contribute to the development processHow Michael and Christian structured their JV to leverage their combined skill setsThe process Michael uses to evaluate sites, including market research and feasibility studiesHow to mitigate risks related to planning, cost overruns, and managing timelinesSubcontractor management, cost of materials, and dealing with unexpected delaysTimestamps[02:12] - Michael's transition from architecture to property development[06:22] - Michael discusses meeting his business partner, Christian[11:57] - How profit and project responsibilities are split in their JVs[19:13] - Explanation of Special Purpose Vehicles (SPVs) and their operational structure[23:55] - The cost breakdown of building in different areas[31:24] - Case study of their current development project in Forest Hill, London[42:03] - Challenges in construction costs and subcontractor management[46:34] - Planning delays and the frustrations with under-resourced planning departments[57:26] - Stress-testing deals to ensure investor returns even with market fluctuations[59:47] - Michael’s advice for new developersThis Episode is Kindly Sponsored by:Visit thispropertylife.co.uk for more resources, networking events, and industry insights.Follow Michael Langley Socials:LinkedIn: https://www.linkedin.com/in/michael-langley-mla/?originalSubdomain=ukInstagram: https://www.instagram.com/mlangleyproperty/Follow MLA Architecture Ltd:Website: https://mla-architecture.co.uk/Instagram: https://www.instagram.com/mlaarchitecture/Follow Turnkey Developments Ltd:Website: https://www.turnkey-developments.co.uk/Instagram: https://www.instagram.com/turnkey_developments/Follow This Property Life Podcast on Socials:Website: https://thispropertylife.co.uk/  Hosted on Acast. See acast.com/privacy for more information.

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