The Progressive Property Podcast

How can you flip properties easily and successfully? Listen in to this episode to hear Kevin’s 7 tips of flipping properties for profit. If you are new to this area or have only done one or two property deals this is the perfect episode for you. Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!bit.ly/Podcast-MSOPI KEY TAKEAWAYS Just get started – stop procrastinating! You will make mistakes, be aware of this and own it. Reduce the risk by educating yourself. Know your numbers. Start with the end in mind. There are plenty of houses to flip, don't be folder by hearsay. You can flip houses with none of your own money. You need to build a power team, to build success you need people around to help and support you, tap into others knowledge and expertise. Speed – You have to move quickly with house flipping. Don’t do the work yourself – Get the right professionals in to do the work, don’t be pennywise and pound foolish! BEST MOMENTS “The best time to start is right now” “Maybe you need to be around the right kind of people…money is everywhere you just need to get out and find it” VALUABLE RESOURCES https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk  ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Should I manage my own properties or outsource them to a lettings agency? This might be a question that you are asking yourself, as you start your journey in property. From his fifteen years experience in property, where he now owns his own lettings agency, Kevin McDonnell gives his take on how you should go about it. Whether it’s making sure you get experience self-managing a property, to the benefits of partnering up with an existing agency in a JV partnership, Kevin gives you all the pros and cons of Self-management vs Outsourcing.   KEY TAKEAWAYS When I start out in property I thought I would have to do everything. When I started I would always do everything from meeting the tenants, gaining references, prepare and write the contracts. I’d do the repairs, and deal with the day to day issues. I thought that was what an investor required. Whereas today I find great deals and my partner manages out the letting agency on a day to day basis.    Learning what the agents need to do. Self-management is a good thing to do at least a small amount. You’ll find out what kind of problems that your tenants have. Your tenants are your clients and you are providing them with a service which you need to provide to the best of your ability. This will also save you on the management fees but cost you in time. This will make sure you have the experience so you know your agent is doing things in the right way.   What sort of systems should you have to self manage? I used for my first ten properties, Microsoft Excel. There are loads of fancy apps, but if you have ten properties you can manage them on a spreadsheet. Just get your first house and manage it on Excel. Once it becomes too big, over ten properties, you should look at things like Arthur or GoTenant. We have now moved on to Jupix because we are running a letting agent, and my JV partner runs that but that’s too complicated and costly for if you are just starting out.    Give your first couple of properties to an agency. Learn how to do it properly, learn how to self manage your property. Then take on property to self manage so you get an inside guide to what they go through. Learn everything that an agency does. An agency does a lot of work from people who say they are interested in that property, lodge the deposit, gaining references and sorting out contracts.  I found a JV partner. I found a local guy who was running a satellite office but he wasn’t on the high street. He was like a virtual agent. I approached him. I asked him to move into the high street into a property that I had bought. He’s 50/50 in the letting agents. I have a JV partner and he gets 50% of the profits.   BEST MOMENTS ‘Its about being smarter with your time.’  ‘Be an investor rather than a landlord.’  ‘Since outsourcing, I have more time to think.’  ‘Make sure you see your tenants as clients.’  ‘You don’t need fancy software to manage one house.’  ‘Get perfect later.’  ‘It was cheaper to manage in house.’  ‘The management fees from other landlords pay for the fees.’  ‘When you're starting out you don’t have a skillset.’  ‘Agents do a lot of work.’  ‘You can shadow an agency.’  ‘I wanted to be a business owner.’  ‘It’s a win, win situation.’  VALUABLE RESOURCES https://www.xero.com/uk/   https://jupix.com  https://gotenant.co.uk  https://www.arthuronline.co.uk   ABOUT THE HOST    Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.      CONTACT METHOD    Kevin McDonnell Facebook    Kevin McDonnell website   progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Kev is interviewed by MJ, who is doing a dissertation around AI and wants to quiz Kev on what he thinks the impact will be on the property world. They talk about the real-life implications and applications of AI and VR including relationships with clients, costs and convenience. KEY TAKEAWAYS  VR and AI present a unique opportunity to build better relationships. There will be huge time savings to be had once AI has been established within a workflow. Virtual reality means that staff and people other than the landlords can review accommodation, sending the recording to the landlord to review at their convenience. Communication is essential if AI and VR are to work in any industry, individuals and companies need to be educated with realistic expectations. MJ believes that real estate agents haven’t been told or educated about why and how AI and VR could work for them. You don’t have a business unless you have happy customers, if you can make your customers happier then you can generate more income, Kev would want AI or VR to aid in this. BEST MOMENTS   “I’m really excited about this and also really scared” “Relationship building is important between a real estate agent and a customer” “Any relationship starts with trust in the first place” “Would you buy a house on the back of a virtual reality tour?” “You know way more about the technology than the actual client that would be using it” “If you want to sell me on virtual reality you need to sell me the benefits not ask me why I would use it” VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ TikTok: https://www.tiktok.com/@progressiveproperty YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g Twitter: https://twitter.com/progperty LinkedIn: https://www.linkedin.com/company/progressiveproperty Instagram: https://www.instagram.com/progressiveproperty/ Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity Facebook Page: https://www.facebook.com/Progpertyprogressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Lethttps://bit.ly/BUYTOLETPOD Kevin joins Jessen James on the Mind Over Money podcast to talk about the power of property investing itself, as well as his own personal journey in business, and the part that mind-set has played in his incredible rise to success. KEY TAKEAWAYS Inspiration can take many forms, but nothing stirs us or empowers us more than seeing others who have succeeded, and hearing the stories of how they did so. When our backs are against the wall, we usually discover how strong and resourceful we can be. Never be afraid of pressure, because it can serve to highlight our strengths. Often, we tell ourselves that success is elusive. We are afraid to take the risks for fear that they won't work out. Taking that first step towards action is crucial. Accountability is important when it comes to our business journey. We must take responsibility for the choices we make, even if they are wrong ones. BEST MOMENTS 'Within 12 months I'd replaced my income' 'I had no choice but to think creatively' 'It's not difficult to raise money. It's difficult to try' 'Stop looking back and look forward' VALUABLE RESOURCES Mind Over Money Podcast - https://omny.fm/shows/mind-over-money ABOUT THE GUEST Jessen James Jessen has spoken to and trained thousands of entrepreneurs all over the world, and has featured on Channel 5's Rich House Poor House. Having built, bought and sold multiple businesses himself, Jessen has had some amazing wins and some rather spectacular fails too! He now dedicates his time to serving others to better their lives and businesses by sharing his learnings. Get in touch today. ABOUT THE HOSTKevin McDonnell Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.     CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/