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Content provided by Rick Gannon / Lorraine Gannon. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Rick Gannon / Lorraine Gannon or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
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The New Era Property Podcast
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Content provided by Rick Gannon / Lorraine Gannon. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Rick Gannon / Lorraine Gannon or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
Hi - we are Rick Gannon and Lorraine Gannon. We are property investors focused on creating a legacy for our family and creating wealth for our retirement. Having achieved huge success in our own property portfolios, we now help others to do the same. We give back, as others before us, shared their insights and learnings about property investing. New Era Property Training helps you and your family help the housing crisis in the UK, whilst creating an income for you and your family to enjoy financial freedom. Rick is the best selling Author of Number 1 best seller property books; 1. 45 Ways to buy property 2. House Arrest 3. The Property Millionaire Method (Co-authoured with Lorraine Gannon). Both Lorraine and Rick are Mentors for Peter Jones Foundation (from BBC Dragons Den) In our show we interview some very inspiring people that have achieved great things through business and property, and chat about current property topics. Remember its not all about lamorgunins but about the time property can buy you to spend doing the things you wanted to with your partner and family. If you like the podcast please don't forget to leave a review. You can Purchase our Books on Amazon Kindle - Paperback or Audible by clicking the below link. https://amzn.to/3Gybx21 You can learn more with our flagship property training academy https://www.newerapropertytraining.co.uk/vip-academy
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156 episoade
Marcați toate (ne)redate ...
Manage series 1851584
Content provided by Rick Gannon / Lorraine Gannon. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Rick Gannon / Lorraine Gannon or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
Hi - we are Rick Gannon and Lorraine Gannon. We are property investors focused on creating a legacy for our family and creating wealth for our retirement. Having achieved huge success in our own property portfolios, we now help others to do the same. We give back, as others before us, shared their insights and learnings about property investing. New Era Property Training helps you and your family help the housing crisis in the UK, whilst creating an income for you and your family to enjoy financial freedom. Rick is the best selling Author of Number 1 best seller property books; 1. 45 Ways to buy property 2. House Arrest 3. The Property Millionaire Method (Co-authoured with Lorraine Gannon). Both Lorraine and Rick are Mentors for Peter Jones Foundation (from BBC Dragons Den) In our show we interview some very inspiring people that have achieved great things through business and property, and chat about current property topics. Remember its not all about lamorgunins but about the time property can buy you to spend doing the things you wanted to with your partner and family. If you like the podcast please don't forget to leave a review. You can Purchase our Books on Amazon Kindle - Paperback or Audible by clicking the below link. https://amzn.to/3Gybx21 You can learn more with our flagship property training academy https://www.newerapropertytraining.co.uk/vip-academy
…
continue reading
156 episoade
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1 How did I Get Started In Property? 31:47
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I get asked a LOT how I managed to start my own property business with little money. It started around 30 ish years ago and I explain all on this podcast. I actually didn't want to be a Landlord it wasn't something that I had set my sights on, so it all happened by accident. If you would like any further information about how I can help you in your property journey then please email info@newerapropertysolutions.co.uk…
If you had 30k to invest what would the best strategy be for you? Join Rick and Lorraine to chat about strategy and how to maximise on your investment of 30k If you have any comments then please email them to info@newerapropertysolutions.co.uk
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1 Where on Earth Do I Start In Property?! 32:18
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Welcome to the New Era Podcast! In this episode, Lorraine Gannon and Sam Lawson will be discussing the practical aspects of running a property business. They’ll take a closer look at Selective Licensing, reviewing whether it’s just a money-grab for landlords or if it actually does make improvements to rental housing quality. Additionally, they will introduce a great resource for managing properties and tenants that can save you time and money. Finally, they will address some of the most common questions from those new to property investment. The podcast’s theme is “Where On Earth Do I Start?!” so get ready to kickstart your property journey! We start with today’s news article, in which landlords are slamming Liverpool’s shockingly slow licensing application process. At the current rate of processing, it will take a staggering 150 years to process all applications received thus far. Is this fair to property owners in the area? Tune in to today’s episode of the New Era Podcast for an insight into the issues and an analysis of what this means for property owners in Liverpool and beyond! Full Article here - https://www.landlordzone.co.uk/news/landlords-slam-liverpools-shockingly-slow-licence-application-process/ Then we move on to tackle some of the most frequently asked questions from those looking to make their first property investment. Together they answer questions such as whether it’s better to invest in personal or company name, if a BTL mortgage is needed when residential rates are cheaper, how to stay on top of document renewals, and much more. Additionally, they take a look at how much time goes into managing rental properties and the importance of capital growth versus cashflow. Finally, they offer advice on how to decide if being a landlord is the right fit for you. There's some really helpful thoughts in this section that'll benefit experienced and new landlords alike. Now each episode we try to share with you a free (or very affordable resource) to sign the session off - partly sharing tools we love but also as a thankyou for listening along! This episode’s resource is pretty close to home - we actually mentioned it in passing earlier - but it’s GoTenant! So, GoTenant! Was created by Rick Gannon as a one stop shop for all of your property and tenant management leads - designed by a private landlord with similar business in mind. So what does GoTenant! Actually do? It’s a property management system that covers everything that you need in order to manage your properties such as - document renewal reminders, maintenance reporting, being able to share this information with your team. BUT it also has everything that you need to manage your tenants and tenancies - booking viewings, tenant onboarding, e-signatures for contracts, communications, auditable trails, rent tracking and it even integrates with Xero’s booking keeping platform! All in one place! You can find Gotenant ! At gotenant.co.uk and best of all they offer a free 1 month trial! This’ll give you a chance to get on the platform and take it for a spin before deciding if it’s for you! We hope you've enjoyed today's episode and please do like, subscribe and share it with a friend! We'll look forward to seeing you on the next episode!…
Welcome to today’s episode of the New Era podcast where we discuss all things property and hopefully share some tips and ideas on what to do – and what not to do! Today' episode is called How To Lose Money In Property! In which we'll be discussing the main ways in which we've seen investors lose money in property in the hope we can all learn how not to! Presented by Lorraine Gannon & Sam Lawson we'll be taking you on a tour of all things property today! Today we’ll be talking about; A fantastic (& free) resource that you can use to buff up your knowledge on all things planning related! An updated forecast for what’s going to happen in the property market in 2023 And we’ll be diving into today’s main topic of How To Lose Money In Property - sharing some of the main ways in which we’ve seen people lose money in property so hopefully you can avoid making the same mistakes along the way! Sounds like we’ve got plenty to talk about so let’s start with our news story… News Story This week's story comes from Property Industry Eye - its a prediction that house prices are due to drop by at least 10% in 2023 - full article here! https://propertyindustryeye.com/uk-house-prices-predicted-to-drop-by-at-least-10-in-2023/ We’d love to know your thoughts on this, are you seeing pricing start to drop in your areas? Or the opposite? What’s your forecast for next year? Value Give So, today’s hot topic is “How to lose money in property” - we’re going to be looking at some of the key ways in which people generally lose money in property investing! I think we’ll take it in turns and let’s do 2 each Sam's First One; Under-estimating refurbishment costs - This has to be at the top of my list for places where people go wrong and can get themselves into trouble. Most of the time this is down to not being willing to do the leg-work to get meaningful quotes - often investors walk around a property and pick a number from thin air. This rarely takes into consideration the specification or how quickly the work will be required to be done. My best advice on this is simply don’t be afraid to do the work to get meaningful quotes & try to have a clear idea of the cost of going over schedule - the cost of your bridging finance, council tax, utilities, lost rent, opportunity cost etc. etc. Lorraine's First One; Buying properties with too low a yield - In our portfolio & training company, you’ll see we have a bias towards high-cashflow strategies. The reason is that it’s entirely possible to purchase a property at a reasonable price, refurbish it and rent it out for - let’s say - £1,000 per month - and then when you refinance be disappointed with the actual net amount of money you receive each month. The three main factors (generally) in this are 1) the amount of rent 2) the amount of debt and 3) the interest rate. We’ve found that there’s lots of viable high-cash flowing property strategies out there that consistently perform well - even with interest rates being where they are today! So my big tip would be focus on high cash flow strategies & deals! Sam's Second One; Ok, so you’ve got me thinking now! Building on from your last one - People that enter and exit the market too often! Now this isn’t to say you can’t/shouldn’t sell property BUT you’ve got to know the costs attached to it - solicitors fees, capital gains tax, agents fees, potential finance costs etc. etc. And, if you’re only selling one property to then use these funds to buy a different property you’ll be looking at another round of buying costs - solicitors, lender solicitors, brokers, valuations, professional consultations, SDLT, lender application and arrangement fees etc. etc. PLUS lost time and lost rental income! It’s quite easy to sell a deal for a decent profit and to erode all of that profit in selling and buying costs without realising this. You’ll also miss out on potential capital growth on the property you sell as well! I’m team “buy and hold” so my tip on this would be to focus on buying quality assets that you’ll keep for the long term. I think this advice stacks up even if you do end up having to sell! Lorraine's lasst one; Ok, last one for “How to lose money in property” - I’m going to open a can of worms here I think but my pick is “Taking out a bridge loan without a robust exit strategy and an accurate done-up-value” Now, for people that aren’t aware, Bridge loans are a type of short term finance that are used to “bridge” the gap between purchase and, in property, usually exiting to a mortgage or selling - most often used for property that’s un-mortgageable and often undergoing major refurbishment works. The reason I’m picking this as my last choice is that many of the horror stories that we’ve heard over the years of people losing money are due to buying a property on short term financing without a robust plan on how to exit the bridge. If you can secure the price you were hoping for, it can leave you stuck on an expensive bridge loan - accruing interest daily without any way of exiting. I’m a bit of a nerd when it comes to property research so my tip here would be to make sure that you’ve done your due diligence and are confident in your exit strategy and the done-up-value of the property! I’d also strongly recommend having 2 or 3 exit strategies for your deal as a back-up plan! Resource This episode’s resource is all about planning - and it’s The Planning Geek website! Now if you’re not familiar, this is a website that’s been created by Ian Walmsley - it’s probably the largest public online resource on planning outside of the Planning Portal itself! It’s called Planning Geek - I assume because Ian is absolutely a planning geek! And is home to a huge amount of information but today I’d specifically like to draw your attention to the section of the site dedicated to Permitted Development. Now you can find this by just visiting gpdo.co.uk On this section of the website Ian tackles your options under the General Permitted Development Order (hence the shortcut to the site being gpdo.co.uk) - there is an incredible amount of information on the site but it covers everything from HMO conversions all the way through to casinos - and everything in between! It’s also worth noting that Ian run’s a facebook group by the name - Planning Geek Community - so if you can’t find what you’re looking for there’s a fantastic community online that can offer some insights and support as well! An ideal place if you’re looking to buff up on your planning knowledge! Final point to make on this is that the website and facebook group is that they’re both free! Which is incredible when you consider the amount of time and effort that must go into creating and maintaining these! Sign Off That’s a wrap for this episode! We hope you’ve enjoyed it and remember to like, subscribe and share it with a friend! We’ll catch you next time when we dive into more property mishaps, tips and ideas! Until then, remember to have some fun!…
Join us for this episode in which Lorraine Gannon & Sam Lawson discuss all things related to property investment! In this episode they discuss the continued increase in rents, how to reduce the chances of having your property trashed & share a fantastic resource to start to help you work with colour palettes in your interior design! The news story that we're discussing this week suggests that; The average Property Mark agent had 142 applicants registered on their books as of February 2022 But only 5 properties available 12 months prior to this the average agent had 82 applicants per branch The full report can be found from the Property Mark website here . Alternatively, there's a great summary of this available on Landlord Today's website here . As we move into the next section of the podcast we discuss How To Get Your Property Trashed!...... Hopefully you can learn the opposite from this section! Deposits - both Lorraine & Sam have previously offered property, primarily HMO rooms, with no deposits. In reflecting on this experience the advantages hinge around making a low barrier for entry for the tenant - landlords fundamentally want to help people. That being said, due to having no easy financial recourse (and a couple of bad experiences) Sam explains that they're no longer offering this option within their portfolio - taking £200 deposits on existing rooms and £400 deposits on high-end rooms that are recently refurbished. Lorraine makes the point that HMO's have a high visibility from cleaners/maintenance/inspections than a standard BTL - also HMO damages tend to be limited to just a single room. Referencing - no surprise that referencing came up in this conversation. The importance of taking a previous landlord reference, employers reference and a credit check. The attitude test - now you won't find a form for tenants to complete an "attitude test" but this brings together all of the intangible elements that we get from meeting the prospective tenant at the viewing! How's their attitude? Manners? How do they ask questions? How do they respond to questions being asked? Is this someone that you could work with if things went wrong? All important stuff! Finally as we round of the podcast we share a resource with you that we've found useful! For this episode’s resource, we’re going to have a bit of a gear change and look at a tool that I find really useful for interior design! Particularly colour palettes. I’ll quite happily admit that developing a colour palette to work from isn’t a natural skill for me, I can spend ages trying to piece together a palette that I’m passionate about – by contrast my wife seems to be able to come up with seemingly endless colour ideas! All of which are cohesive and appealing! Now the resource is completely free and you can find it at color.adobe.com – here on Adobe’s site there are loads of fantastic tools to help you develop colour palettes to work from easily but I wanted to share one feature which is the ability to upload an image (or collection of images) and have it automatically suggest colour palettes based upon this! If you’re on mobile you select “image” or if you’re on desktop you select “extract theme” – here you can upload an image and Adobe’s tool will extract & suggest a range of colour palettes helpfully broken down into 5 or 6 categories – for example bright, muted, deep etc. So you could upload images of interiors you like, celebrity brands, album artwork, natural features – pretty much anything you could think of - and have Adobe come up with a range of viable colour palettes for you to work from! I’ll pop the link in the description – have an explore as there’s loads more features available on the site, plus it’s FREE! That’s a wrap for this episode! We hope you’ve enjoyed it and remember to like, subscribe and share it with a friend! We’ll catch you next week when we dive into more property mishaps, tips and ideas! Until then, remember to have some fun!…
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1 Section 21 Eviction - is it staying or is it going? 10:00
10:00
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Well, it seems that Lizz Truss has no idea what she wants to do when it comes to the removal of Section 21 - one minute it's staying then a little pressure is placed on her and WHAM! it is back to square one. So, are we keeping Section 21 or is it going to be removed?
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1 Is serviced Accommodation Ethical? 20:00
20:00
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Loads of press currently about Serviced Accommodation and if we should be able to own second homes or not as this can be perceived as "gobbling" up the local housing stock. Join Lorraine and me on this Podcast to hear our thoughts. Please do subscribe to the podcast and consider leaving a review :-) If you would like to become part of my VIP Academy where I share over 100 hours of property workshops including Serviced Accommadation then click this link here To join my VIP Academy click here https://bit.ly/VIPPODCAST…
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1 Interview with Ben Head - from Electrician to Property Investor in 7 months 39:00
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Ben joined my Investor Programme and has now got 7 Rent to Rent deals in 7 months whilst working as a full time Electrician. Ben is. great example of how to get things done. Join me on the bonus edition to hear about Bens Journey. To join my VIP Academy click here https://bit.ly/VIPPODCAST
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1 Managing the Energy Price Increase 17:00
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So - no matter where you look or where you turn we can't escape the looming Energy prices increase. This Episode chats about the things that we are putting in place right now to protect our portfolio and safeguard our HMO business Thank you for listening, if you get value from this show then please could you leave a review using your podcast hosing service. Join my Inner Circle Community of over 350 likeminded investors All for £1 for the first month Cancel anytime. This is only open for a short time please click on the link here https://bit.ly/VIPPODCAST…
How important is Social Media for Property investors? My experience is that it is a complete paradox, I find it both good and bad but you can't put content out there without having conflicting feedback! In this show I chat about my experience with TikTok - Facebook and similar platforms on how it can help you raise your profile. As I mention in the show my VIP Property Academy is now open and you can join for just £1 The Academy has over 100 hours of content and contains HMO Quickstart Programme Goldmine Area Programme Join Venture Pack Programme Serviced Accommodation Quick Start Programme 2 hour Mastermind session EVERY 2 WEEKS Join my Inner Circle Community of over 350 likeminded investors All for £1 for the first month Cancel anytime. This is only open for a short time please click on the link here https://bit.ly/VIPPODCAST…
Facebook have banned me from going live for the foreseeable future, it could be 24 hours, it could be 28 days? It's a real shame as I have been providing up to date real time property content on this platform for nearly a decade and hopefully I have provided value. Yesterday I was all set to go live and had a title in my feed that said "Russia" as soon as I went live they took the feed down and logged me out of all of my accounts causing me to change my passwords and log back in, only to find they have restricted my access. I have of course appealed to Facebook but it falls on deaf ears, hopefully normal service will resume next week so please bear with me. I am at present focusing more attention on other platforms such as this Podcast . If you are enjoying this Show then please feel free to leave a review it would go a long way. Rick…
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1 What to look for at a property viewing 17:00
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Welcome back to the New Era Property Podcast How important are viewings and should you really go and view if you don't have any intention to buy? Join Lorraine and me on todays show where we try to keep things real and from the coal-face. Grab a brew, get comfy and listen in. If you like the show please don't forget to leave a review :-) send a screenshot of the review to this email and we will send you a signed copy of the book. george@newerapropertysolutions.co.uk To grab a copy of "45 Ways To Buy Property" click here https://amzn.to/3Gybx21 You can also follow me on Facebook here https://bit.ly/RICKFACEBOOKPAGE Join my VIP Property Community here https://bit.ly/VIPACADEMY Go Tenant Property Management Software https://bit.ly/GOTENANT…
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1 8 Steps to Property Investing 26:00
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Welcome back to the New Era Property Podcast We have created a Property Investors Road Map -"8 Steps To Property" To try and make the journey easier for you to get started. Grab a brew, get comfy and listen in. If you like the show please don't forget to leave a review :-) send a screenshot of the review to this email and we will send you a signed copy of the book. george@newerapropertysolutions.co.uk To grab a copy of "45 Ways To Buy Property" click here https://amzn.to/3Gybx21 You can also follow me on Facebook here https://bit.ly/RICKFACEBOOKPAGE Join my VIP Property Community here https://bit.ly/VIPACADEMY Go Tenant Property Management Software https://bit.ly/GOTENANT…
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1 Is Rent to Rent even a real Business? 17:00
17:00
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Welcome back to the New Era Property Podcast On this show we are discussing is Rent To Rent even a real business? Is it legal? and why would anyone do it? Grab a brew, get comfy and listen in. If you like the show please don't forget to leave a review :-) send a screenshot of the review to this email and we will send you a signed copy of the book. george@newerapropertysolutions.co.uk To grab a copy of "45 Ways To Buy Property" click here https://amzn.to/3Gybx21 You can also follow me on Facebook here https://bit.ly/RICKFACEBOOKPAGE Join my VIP Property Community here https://bit.ly/VIPACADEMY Go Tenant Property Management Software https://bit.ly/GOTENANT…
Welcome back to the New Era Property Podcast. Sadiq Khan pushing for bigger fines for Rogue Landlords I would love you to join Lorraine and me for a chat - so grab a brew, get comfy and listen in. If you like the show please don't forget to leave a review :-) send a screenshot of the review to this email and we will send you a signed copy of the book. george@newerapropertysolutions.co.uk To grab a copy of "45 Ways To Buy Property" click here https://amzn.to/3Gybx21 You can also follow me on Facebook here https://bit.ly/RICKFACEBOOKPAGE Join my VIP Property Community here https://bit.ly/VIPACADEMY Go Tenant Property Management Software https://bit.ly/GOTENANT…
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