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The Rodcast - Property, Business, Investment

An exploration into asset backed businesses

An exploration into real estate businesses and asset backed investments.Rod talks to property developers, investors, business owners and professionals about the nitty gritty details involved in making their businesses mo
9/7/2021

Supply Chain issues - Transper (Nisha Singh)

If you have been involved in Development then chances are you have experienced one or more of these issues;Main contractors going bust on a job.Sub contractors not being paid on time.Contractors having cash flow problems.Developer not having evidence of what works sub contractors have been paid for.Lenders not being happy with your choice of contractor due to their balance sheet or credit file.Contractors and sub contractors not being able to win tenders due to their balance sheet, credit or cash flow not being strong enough despite being capable.Contractors and sub contractors not being able to finance or factor invoices to improve cash flow.Contractors not taking on jobs due to payment terms being too long.If you have then you will want to listen to this discussion I had with Nisha Singh Co Founder of Transper, a fintech platform that provides liquidity and transparency in deep tier supply chain reducing costs and credit risk.We discuss;What is transper and how did Nisha and the team come to create it?Who are the different parties that can benefit from using transper and why?Some main contractors may not want their clients eg the developer knowing the prices they are paying sub contractors. What is in place to protect the main contractors?What value of contract is transper best used for?How much does transper cost the user?What have been the challenges in bringing transper to market?And much more.As always a big thank you to our sponsor for this episode www.brickflow.com - a comparison tool for development finance.Check out more details on transfer here https://transper.io/transper/home/
8/23/2021

Healthcare Sector - Julian Evans

Ep. 53
Julian Evans is a Proprietary Partner & Head of Healthcare at Knight Frank. Since 1994, Julian has concentrated on the valuation, acquisition and disposal of trading businesses. As of 2000 he then specialised in healthcare consultancy (C2/D1 use property), now annually advising on approximately £12 billion of healthcare property. Within the last 2 years his team has won 21/23 major pitches.Julian’s experience has primarily concerned acting for corporate & private operators, banks, institutions and funds in the valuation, acquisition and disposal of trading care homes, specialist (acute) care homes, hospitals, day centres, medical surgeries, investments and C2 development sites throughout the UK & Europe. Further work has included that of care villages, retirement apartments and day nurseries.In addition to his work for Knight Frank, Julian is also a Governor of Great Ormond Street Hospital and a trustee to several high profile charities. He is also one of a handful of people to reach the summit of Mount Everest and make it back to tell the tale.Julian also personally received the Health Investor Power Fifty Grand Prix Award, voted by his peers, as the most influential person in healthcare.In this episode we discussThe different types of Healthcare Real Estate.How healthcare assets typically fit into institutional and individual investors' property portfolios and how that has changed over the last 20 years and how Covid impacted these trend changes.What is happening in the healthcare real estate market now and what landlords and investors should have their eye on for the future.What is the biggest risk to Healthcare real estate currently and what can investors and landlords do to mitigate that.Is the Supported living trend with developers justified. Will healthcare take up a bigger proportion of real estate in the UK market due to an ageing population. How does the the UK Healthcare industry compare to other Healthcare marketsAnd a whole lot more.Please do subscribe to the Podcast and share it if you find it useful.If you have a requirement for development finance please do not forget to check out www.brickflow.com the fastest way to get development finance!
7/27/2021

Importance of Forecasting - Adam Lawrence

Ep. 52
Have you heard people say things like "no one has a crystal ball" when it comes to what is going to happen in the market....Well duh but as investors it is your job to forecast this as investing is about future income from the assets we invest in.I welcomed back Adam Lawrence back to the show to discuss just how important forecasting is.Not only has Adam bought over 400 properties in the last decade but he has a background in wealth management as well as being a fantastically educated investor.We discuss;How investing in Buy to let properties has changed over the last 20 yearsWays in which to add value to Buy to let investments.How associated costs with buying a Buy to let property in a ltd company can add up.How important capital values are for total returns.How important time frames are when looking at investment opportunitiesWhat we look for when forecasting.Various metrics we use.How illiquid property is and the positives and negatives of that when forecasting.The different types of property markets based on location, property type and tenancy type.How riding a market and beating a market are very different.Comparing investment opportunities in terms of markets, industries and assets.And lots more.Big thanks to www.brickflow.com for sponsoring this episode. If you are looking for development finance I highly recommend them.Have lenders bid on to lend to you all in one place rather than approaching lots of different ones.If you are interested in the Boardroom Club or the Property Business Retreat that myself and Adam host please email rod@incomethroughproperty.co.uk
7/2/2021

Real Estate Startup to 15,000 Employees - Barak Zimerman (Reef Technology)

Ep. 51
In this episode, we are joined by Barak Zimerman, theManaging Director of UK & Europe for REEF Technology. The REEF Platform enables the real estate to be tailored to meet the diverse needs of the surrounding neighborhood. They have built a foundation on top of the traditional parking infrastructure allowing them to get essential products and services closer to the customer than ever before. Barak joined the startup 6 years ago and now the business is a Global Giant with 15,000 employees as well as having raised over $700 million from financial heavyweights such as Softbank, Abu Dhabi’s state fund and Oaktree Capital. They have recently tabled a bid to takeover the UK car park firm NCP.Barak explains brilliantly the way in which the business utilises data to capitalise on trends such as urbanisation as well as how they add huge value to landlords assets. This really was one of my favourite episodes with so much fantastic information given by someone who thinks about the business in an incredibly thoughtful way.He also discussed;What does Reef Technology do and what is their role in real estate?How are they able to add value to car parks?Some of the different types of real estate they operate in.Will the pandemic have changed the trend of urbanisation.Challenges in growing the business in the UK and Europe.What the most important metrics are in terms of looking at the businesses performance.Advice for people looking to join a start up.https://reeftechnology.com
6/22/2021

Building a Leisure Business to 500 employees - James Sinclair

Ep. 50
In this episode, we are joined byJames Sinclair, the Founder, and CEO Of The Partyman Group of Companies. James started his career entertaining as ‘Jimbo the Partyman’ when he was 15, built up an entertainment agency, then moved into acquiring his first soft play venue, laser arenas, day nursery, and outdoor venues. James also shares his story towards success, the challenges and risks one will encounter in growing both an investment and trading business.Today James operates a business that turnover roughly £13 million a year which includes leisure, childcare, outdoor attractions, a soft toy business as well as an ice cream company.Highlights:[01:44]What James’ Businesses Journey Look like[05:59]What are the main challenges in scaling a business from £100k turnover to £1million and how do these challenges differ from going from £5million to £10 million turnover?[ 08:14]What is the hardest thing about raising money?[16:37]Deciding between Reinvesting Profit, Starting a new business with it or Distribute to Share Holders?[18:27]Does his investment Philosophy Change regarding Trading Operational Business Vs. investing in the Real Estate[22:05] What are the most important metrics James looks at?[29:50]How Seasonal his businesses are and what he does to mitigate it?[32:22]The Biggest Risk in the Business[34:02]The Kindest Thing anyone has done in James’ BusinessLinks:Website:https://jamessinclair.net/LinkedIn:https://www.linkedin.com/in/jamessinclairpartymanYoutube:https://www.youtube.com/c/JamesSinclairEntrepreneur
5/25/2021

Interest Rate Rises, When, Why, How and What does it mean for you - Daryl Norkett

Ep. 49
With all the talk of inflation recently we thought it would be sensible to delve into the mechanics of interest rates and why and how they may increase, when that may happen and what that can mean for different assets as well as investors and developers. Who better to Join us for this than Daryl Norkett. Daryl is a Director of Lendwell and has had a long career in banking with Barclays and Shawbrook and is a wealth of knowledge on all things Lending.In this episode we discuss;With inflation still below the 2% target is a rate rise likely?The difference between Banks and Lenders.How the P&L of a loan/ mortgage works.Why different types of lending platforms can increase risk.How lenders price risk and how that has changed.How interest rates affect mortgages.The different costs associated with mortgage and lending rates other than BOE interest rates.The different types of Development loans and which are more affected by rate rises.Other concerns for developers.When and why interest rates may increase.House price growth or negative growth.The property market and affordability and how the banks are regulated to how much of their loan book can be stretched above affordability.Wage inflation and rent growth.How much debt is there in residential property in different areas and how will those areas be affected by a rate rise vs others.How the tenant type of investment properties may be affected by rate rises.Price disparity between London and other parts of the country and why that matters.How Bank Of England looks at House prices and their importance on the economy.When and why property owners may crystallise losses.Why timing the market is important when leverage in concerned....And lots more...Knight Frank sighted the below report from the BOE and said "A one percentage-point increase in rates, “all else equal, reduces house prices by around 2% to 11%, with the majority [of analysis] suggesting a drop between 6% to 9%.”https://bankunderground.co.uk/2019/09/05/houses-are-assets-not-goods:-what-the-difference-between-bulbs-and-flowers-tells-us-about-the-housing-market/