Mike Stenhouse at Inside Property Investing

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Outsourcing Your Property Business

Latoya McDonald

25 episodes

8 months ago

Welcome to Outsourcing Your Property Business.

This is a space where we discuss all things systems, procedures and outsourcing for the property business.

As business owners with goals and ambitions the best place for us to be is working ‘ON’ the business, so we can focus on the high hourly rate money-making tasks.

The low hourly rate tasks should be outsourced.

So, whether you’re a portfolio landlord, have a rent-to-rent business, do serviced accommodation, HMO’s, or own a lettings or estate agency… this is for you, and I know what I share can help you in your property business… if you implement it !

Connect with me today, subscribe to the podcast and let’s get into the nitty-gritty of Systems, Procedures and Outsourcing for your property business…. and… get you your time back.

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All content for Outsourcing Your Property Business is the property of Latoya McDonald and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Welcome to Outsourcing Your Property Business.

This is a space where we discuss all things systems, procedures and outsourcing for the property business.

As business owners with goals and ambitions the best place for us to be is working ‘ON’ the business, so we can focus on the high hourly rate money-making tasks.

The low hourly rate tasks should be outsourced.

Connect with me today, subscribe to the podcast and let’s get into the nitty-gritty of Systems, Procedures and Outsourcing for your property business…. and… get you your time back.

Hosted on Acast. See acast.com/privacy for more information.

Mike Stenhouse at Inside Property Investing

Outsourcing Your Property Business

37 minutes 29 seconds

2 years ago

Mike Stenhouse at Inside Property Investing

Mike Stenhouse at Inside Property Investing is with Latoya talking about building a property business that means you can pursue your adventures at the same time as maintaining and growing your property business

This is a great insight into what it takes to build a successful team that can work with you flexibly wherever you are in the world

KEY TAKEAWAYS

A couple of HMOs generate as much as the average UK salary so you don’t have to have a huge portfolio to make it work financially and have a massive impact on your life
We do a lot of commercial to residential conversions now
The plan we put in place meant we were able to sail around Europe in our boat and still successfully run our property business
We’ve worked on creating flexibility for our team, it’s something we could offer that big corporate organisations couldn’t
The benefit of owning property is the income generation
When you work together you need to understand each other's motivation
As a business owner, you need to have balance across your personal and business life to be effective
Every aspect of your life affects your business
Setting out your ideal work schedule helps but flexibility needs to be built in
Any time away from your business has a cost and you need to understand what that is and how you can work around it
You need to think about property as a business and outsource activities to support the business developing
Put in place the processes and systems that mean your business runs effectively

BEST MOMENTS

‘HMOs can be very profitable, a minimum of a £1,000 per month pre-tax profit per house’

‘Sometimes we need to step away from our businesses and look after ourselves’

‘Boat life is where it’s at if you want an adventure’

RESOURCES FOR THIS EPISODE

Mike Stenhouse at Inside Property Investing, Check out the links below to learn more about them, their journey and what they are currently doing in property:

https://www.insidepropertyinvesting.com

Check out their FREE HMO training on 13th April 2023: https://insideproperty.kartra.com/page/hmo2023

Instagram: https://www.instagram.com/insidepropertyinvesting/
YouTube: https://www.youtube.com/c/InsidePropertyInvesting
Facebook: https://www.facebook.com/insidepropertyinvesting/

Podcast:- itunes: https://podcasts.apple.com/gb/podcast/the-inside-property-investing-podcast-inspiration/id966611455?app=podcast

- Spotify: https://open.spotify.com/show/3XvUJkQuZBMGhFQl8dGXHI

- GooglePlay:

https://podcasts.google.com/feed/aHR0cHM6Ly9pbnNpZGVwcm9wZXJ0eWludmVzdGluZy5saWJzeW4uY29tL3Jzcw==

Store: https://stan.store/Outsourcing_Your_Property_Business

Facebook page: https://www.facebook.com/outsourcingyourpropertybusiness

Facebook group: https://www.facebook.com/outsourcingyourpropertybusiness

Youtube: https://www.youtube.com/channel/UC8RnL3J1m-bPDhCBtRisuVQ

Instagram: https://www.instagram.com/outsourcing_your_property_biz/

Tiktok: https://www.tiktok.com/@outsource_your_prop_biz

ABOUT THE HOST

Latoya McDonald started her property career in her teens as a Real Estate agent before relocating from New Zealand to England in 2011.

In 2012, she started Harcourt White, a lettings and property management company based in Cornwall. With a keen interest in HMO, local property investment, and systems and procedures, Latoya is passionate about coaching like-minded property investors to get the most out of their businesses while maintaining a healthy work/life balance.

This show was brought to you by Progressive Media

Hosted on Acast. See acast.com/privacy for more information.