{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/65086e7ad844a90011f12f77/65086e802685640011d5e005?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Mike Stenhouse at Inside Property Investing","description":"<p>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</p>\r\n<p>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</p>\r\n<p> </p>\r\n<p><strong>KEY TAKEAWAYS</strong></p>\r\n<ul>\r\n<li>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</li>\r\n<li>We do a lot of commercial to residential conversions now</li>\r\n<li>The plan we put in place meant we were able to sail around Europe in our boat and still successfully run our property business</li>\r\n<li>We’ve worked on creating flexibility for our team, it’s something we could offer that big corporate organisations couldn’t</li>\r\n<li>The benefit of owning property is the income generation</li>\r\n<li>When you work together you need to understand each other's motivation</li>\r\n<li>As a business owner, you need to have balance across your personal and business life to be effective</li>\r\n<li>Every aspect of your life affects your business</li>\r\n<li>Setting out your ideal work schedule helps but flexibility needs to be built in</li>\r\n<li>Any time away from your business has a cost and you need to understand what that is and how you can work around it</li>\r\n<li>You need to think about property as a business and outsource activities to support the business developing</li>\r\n<li>Put in place the processes and systems that mean your business runs effectively</li>\r\n</ul>\r\n<p> </p>\r\n<p><strong>BEST MOMENTS</strong></p>\r\n<p><em>‘HMOs can be very profitable, a minimum of a £1,000 per month pre-tax profit per house’</em></p>\r\n<p><em>‘Sometimes we need to step away from our businesses and look after ourselves’</em></p>\r\n<p><em>‘Boat life is where it’s at if you want an adventure’</em></p>\r\n<p> </p>\r\n<p><strong>RESOURCES FOR THIS EPISODE</strong></p>\r\n<p>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:</p>\r\n<p><a href=\"https://www.insidepropertyinvesting.com/\">https://www.insidepropertyinvesting.com</a></p>\r\n<p>Check out their FREE HMO training on 13th April 2023:<a href=\"https://insideproperty.kartra.com/page/hmo2023\"> https://insideproperty.kartra.com/page/hmo2023</a></p>\r\n<p>Instagram:<a href=\"https://www.instagram.com/insidepropertyinvesting/\"> https://www.instagram.com/insidepropertyinvesting/<br></a>YouTube:<a href=\"https://www.youtube.com/c/InsidePropertyInvesting\"> https://www.youtube.com/c/InsidePropertyInvesting<br></a>Facebook:<a href=\"https://www.facebook.com/insidepropertyinvesting/\"> https://www.facebook.com/insidepropertyinvesting/</a></p>\r\n<p>Podcast:- itunes:<a href=\"https://podcasts.apple.com/gb/podcast/the-inside-property-investing-podcast-inspiration/id966611455?app=podcast\"> https://podcasts.apple.com/gb/podcast/the-inside-property-investing-podcast-inspiration/id966611455?app=podcast</a></p>\r\n<p>- Spotify:<a href=\"https://open.spotify.com/show/3XvUJkQuZBMGhFQl8dGXHI\"> https://open.spotify.com/show/3XvUJkQuZBMGhFQl8dGXHI</a></p>\r\n<p>- GooglePlay:</p>\r\n<p><a href=\"https://podcasts.google.com/feed/aHR0cHM6Ly9pbnNpZGVwcm9wZXJ0eWludmVzdGluZy5saWJzeW4uY29tL3Jzcw\">https://podcasts.google.com/feed/aHR0cHM6Ly9pbnNpZGVwcm9wZXJ0eWludmVzdGluZy5saWJzeW4uY29tL3Jzcw</a>==</p>\r\n<p> </p>\r\n<p>Store:<a href=\"https://stan.store/Outsourcing_Your_Property_Business\"> https://stan.store/Outsourcing_Your_Property_Business</a></p>\r\n<p>Facebook page:<a href=\"https://www.facebook.com/outsourcingyourpropertybusiness\"> https://www.facebook.com/outsourcingyourpropertybusiness</a></p>\r\n<p>Facebook group:<a href=\"https://www.facebook.com/outsourcingyourpropertybusiness\"> https://www.facebook.com/outsourcingyourpropertybusiness</a></p>\r\n<p>Youtube:<a href=\"https://www.youtube.com/channel/UC8RnL3J1m-bPDhCBtRisuVQ\"> https://www.youtube.com/channel/UC8RnL3J1m-bPDhCBtRisuVQ</a></p>\r\n<p>Instagram:<a href=\"https://www.instagram.com/outsourcing_your_property_biz/\"> https://www.instagram.com/outsourcing_your_property_biz/</a></p>\r\n<p>Tiktok:<a href=\"https://www.tiktok.com/@outsource_your_prop_biz\"> https://www.tiktok.com/@outsource_your_prop_biz<br><br></a><strong>ABOUT THE HOST</strong></p>\r\n<p>Latoya McDonald started her property career in her teens as a Real Estate agent before relocating from New Zealand to England in 2011.</p>\r\n<p> </p>\r\n<p>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.</p><p><p>This show was brought to you by <a href=\"https://progressivestudios.co/\">Progressive Media</a></p></p>","author_name":"Latoya McDonald"}