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I had a really insightful podcast on Property with Tommy Sandhu (TV & Radio Presenter) and Azid Gungah (Founder of Quiddity Group) in sunny Dubai!

Azid is an ACTIVE property investor who has been in the game for 20 years+. Very hands on and has so much knowledge to share! From 150+ HMOs, to recycling cash out, to title splitting - he has experienced it all and the best thing is - he is sharing a lot of day to day useful information on his page so check it out. Check his Instagram/TikTok/YouTube for daily content - I am learning things every day! Tommy also in the property game for the last year has been involved in several large projects! Tommy simplifies it down to a few key things that are important to him which not only seem relevant to properties but also life!

Honestly, this was not planned, very spontaneous yet it turned out to be absolutely brilliant. I was pretty fortunate to be sitting with these two. I guess for the first Property Talks podcast - who best to be accompanied by than Tommy Sandhu!

Topics:
Introduction? 150+ HMO rooms
Where is the money?
Where to find deals?
Will property prices keep rising?
Where to invest given limited budget?
How to maximise property valuation?
How to fund / thoughts on bridging finance?
How and why is Networking and relationships so important?
The economy and impact on prices?
Location factors?
Your team and network?
Raising finance
Last minute advice!

Find us on YouTube/Instagram/TikTok @amishyou @quiddity_group @tommysandhu

property #HMO #propertyinvestor #propertydevelopment #propertyvideos #propertyprices #bridgingfinance #raisingfinance #relationships #buytolet #ukproperty #propertyuk #propertydevelopment

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Amish You - Property Talks - Episode 22 - Importance of Building A #Network

Legit this is half the battle in trying to get into property. Knowing the right person to speak to! Practical timing to upload this video as got building work going on right now making me appreciate the importance of a network 101x more! 

• You are not the expert in every field
• Come across like someone they would want to do business with
• So important to BUILD relationships
• Brokers, Solicitors, Accountants, Builders/Tradesman, Agents
• Hard to find a reliable team

Shout me if you have reliable contacts - happy to pass on reccomendations! 

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Wish I understood this when I started investing in property! 

Amish You - Property Talks - Episode 21 - Impact of the standard of finish on a investment property!

• Impacts your objectives and the type of tenants
• Two Scenarios
• New Build Flat - More expensive, desirable tenants, less void time as greater demand, lower yield as paid higher price

• Old Block Flat - Better value, may not get young professional tenants, greater void time as less desirable, higher yield as better value

• Don't just think about yield, think about type of tenant and void period

• "Non Young Professional" tenants may still be "good tenants" 
  Comment if you have any other thoughts....

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Amish You - Property Talks - Episode 20 - Furnished or Unfurnished BTL Properties...

I’m a big fan of renting properties unfurnished for various reasons:
- Less responsibility for landlords 
- Deposit less exposed to damages
- When a tenant brings their own furniture, it helps it feel like their home, they are more likely to look after it and hopefully stay longer!  

Comment if you have any other thoughts....

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Amish You - Property Talks - Episode 19 - What to do when you have found tenants? What is the process when you have found your tenants and want to start your tenancy agreement? (Watch the last video as this is very relevant)

- Holding Deposit (protects you)
- No tenant fees (do your due diligence!)
- Deposit is max 5 weeks rent 
- Alternative solutions if a tenant fails financial affordability
- Landlord legal responsibilities; issue a How To Rent Guide, register deposit, copies of contracts, inventory checklist, certificates, etc! 
- Look after your tenants - let them make it their home, they will look after it and stay longer! 

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SOME GEMS IN THIS VIDEO

Amish You - Property Talks - Episode 18 - How do you find good tenants? What reference checks do you need to do? If you are looking to self manage your property then check out this video!

Some of you have messaged me about self managing and scared about some of the responsibilities/not knowing what to do or where to start … watch this video and wait for my next video on starting a tenancy! 

Some tips
- Advertise ASAP using platforms like @openrent_uk 
- Screen your tenants! You cannot charge the tenant for fees such as referencing so do this yourself before paying a company! Do an income stress test before paying a reference company!
- Some checks are legally required and others are for your own assurance. 
Comment if you have any other thoughts....

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Amish You - Property Talks - Episode 17 - Tips on picking an agent to manage your property? What to look out for? 

For those who don’t want to self manage, important to do some due diligence on an agent before letting them manage your property. Check the video for a few tips and pointers!

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Amish You - Property Talks - Episode 16 - Self Manage vs Using An Agent?

Several pros and cons to each, no right answer and many factors to consider! At a high level some of the key factors are time, money, location, quality of service, your network and tenant relationship! 

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Amish You - Property Talks - Episode 14 - Buy To Let Financial Metrics? ROI / Yield

Some key metrics that are always useful prior to buying a buy to let property. Two of the most common metrics include ROI and rental yield.  As important as financial metrics are - it is still important to consider that intangibles which may not always be accounted for amongst certain metrics - an opportunity may reflect brilliant ROI/Yields but may not account for the challenge in selling this property at a later date - your exit strategy. 

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Most invest in a BTL to help build an income generating asset and create some cashflow. Key to this is understanding your costs which eat into your monthly profit. This includes things like mortgage payments, service charge, insurance covers, any budget for maintenance, legal certificates, agent fees and one which a lot of people do not account for is void periods.

DON'T FORGET ABOUT YOUR TAXES!!

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Amish You - Property Talks - Episode 12 - ALL ABOUT PRICE! Tips to negotiate on property price? The awkward conversation when trying to work out the price to offer... 

Love this video. Key tips to negotiate on the property price. How to come across credible to agents and use your credibility to pay less based on factual evidence! 

• Market Research and Property Comparisons - Show based on actual research, comparisons based on size, distance from station, condition, etc of other prices nearby.
• Ceiling Price / Financials - Work backwards to find out what you want to achieve financially to know what makes this a good price. 
  -  Time on Market - How long has it been listed for? Indication if priced appropriately
• Motivated Sellers - Use the famous line to find out how motivated a seller is and what they may accept for this property.

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Going for a property viewing and not sure what checks to do? Hopefully this video will give you an idea (make sure you have checked my previous videos which cover things to ask prior to the viewing).

• Condition of property (no signs of damp, cracks, condensation, subsistence, roofing issues, etc). 
• Condition/look of exterior (important for exit strategy!)
• Utilities - check hot water, pressure flow, toilets/flushing, heating and radiators, ask for relevant certificates, etc. 
• Take a builder with you who can spot any repairs that need to be done and give you a price. Consider need for a home buyers report (a more detailed survey/valuation as this will give you an indication of things that need to be done).
• Take someone with you to play devils advocate and stop you ensure you do not get emotionally attached! 

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EPISODE 4 OUT NOW Amish You: Property Talks

Absolutely love this video because I am so passionate about holding yourself accountable! Given property prices in today's market, many are wondering how we save enough to buy etc... there is no magic solution other than saving and holding yourself accountable! You have to make compromises in order to achieve the final goal. 

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A quick discussion of pros and cons of using agents but more importantly key tips when dealing with agents; key is to show credibility so they know you are serious! 

TIPS 
- Ask the right questions
- Show credibility, show proof of funds
- Build relationships
- Share broker/network details

Next video will be on questions to ask prior to arranging a viewing! 

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Amish You - Property Talks - Episode 8 - Tips When Searching Property Portals? What To Look For?

A few quick pointers of things to look out for when searching property portals! Some key tips:

• Time on market
• Floor plans
• Distance from station
• Recently sold prices
• Lease details
• Rental prices nearby
• Distance from you
• Condition of outside, kitchen and bathroom!

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Another common question I did a poll on recently with even views. I'm not suggesting one is better than the other, I'm just going through my opinion of the pros and cons of each to help making an informed decision when buying a property! 

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This is a question everyone starting is thinking about - How To Decide Where To Buy? Given this, I have gone through a few of the factors that should be considered when deciding location. 

Key things to consider; budget, effort, objective! Here I'm not just focusing on macro aspects of location such as London or Midlands, etc but also what specifically to look for in areas in order to make an informed decision! 

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My estimate I advise everyone is 30-35% of the total purchase price to include all essential costs such as deposit, legal fees, stamp duty, etc etc..

You can use the above % to work backwards to find out roughly how much you can spend which may help you decide where you can invest and the kind of property you can go for. 

If you watched Episode 2 on Objectives, you'll note that cash can be a big factor in deciding your objectives for exactly the above reason!

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EPISODE 3 OUT NOW Amish You: Property Talks - How To Prepare?

Many people ask how to get into property and there are a few things in my opinion you can do to prepare yourself to make it an easier process with less surprises!
Two Key Points
One of the most important things (after having funds) is building your knowledge and network of the process! 

1. START SAVING - my benchmark is approx 30-35% of the Property Price
2. Do your research and build your network, various aspects such as mortgages, brokers, solicitors, builders, agents, etc. 

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Where do you start when you want to get into property? In my opinion it is understanding your WHY; what are your objectives and strategy. 
On most occasions in the early stages (including myself), your strategy can be decided for you based on several factors which I go through at a high level in this short clip (e.g., strapped for cash!). 

TWO TOP TIPS;

1. Don’t compare your situation to someone else’s, everyone’s circumstance is different!

2. Always check the numbers and ensure they align back to your strategy! 
   Hope that’s been useful! Next video coming out in the next few days of “How To Prepare”! 

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Introducing Amish You: Property Talks Episode 1 - The Intro! The Why and Journey!

Episode 1 - Intro  to my journey and the purpose behind Property Talks. With short clips ideal for someone who is trying to get into the property market. By no means do I think I know it all and I’m still learning on this journey, however …. Just trying to share information and knowledge that I have learnt along the way or I wish I was exposed to when I entered the property game. I have tried to keep it as authentic and "me" as possible! 

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Amish You - Property Talks - Episode 23 - The FINALE - General Advice When Buying

A few generic tips when starting this journey...
- Dont compare yourself of your opportunities to someone else
- Don't get emotionally attached to your properties
- Have someone to play devils advocate!
- Use spreadsheets for your research and your numbers!
- Be credible! Carry yourself like someone who someone would want to do business with!
- Network! 

Watch the video! 

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Annual Rent / Property Price

• London yields are lower, can still aim for 5%. 
• Research areas (even within London) to know if an opportunity will generate you the yield you want.
• Property finish/standard impacts yield, as an example - new build will be more expensive impacting your yield. HOWEVER, this will most likely get you a more "desirable" tenant and you will rent the property out sooner leading to less void times.
• Don't just think about yield; it may not tell you about other measures making a property more attractive; a house may have the potential to extend etc.
• Don't forget agent fees! 

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More informed you are, more answers you have the greater bargaining power you have to negotiate and make a better decision!

TIPS 
- Why is it being sold? 
- Owner occupied or tenanted? 
- Details of above (e.g., what is the rental arrangement, etc)
- How long has it been on the market?
- Has the price been reduced?
- Is there a chain?
- If it is a flat, what is the service charge, ground rent, lease details?
- When was boiler changed?
- Does it have relevant certificates?
- What floor is it on? Any information regarding the block? 
- Any offers? 

My favourite go to line with agents "I don't want to waste your time and I am sure you don't want to waste mine"
Next video will be on questions to ask prior to arranging a viewing! 

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