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  • Stickies & Evergreen

    Top 15 discussions to help you make money or save money in property.

    Yesterday, at the Property Investor Show, we were approached by a number of PT members who wanted to thank us for the value Property Tribes was delivering to their property life.

    They all said that "Property Tribes has saved me thousands by helping me avoid the pitfalls" or "Property Tribes has helped me create wealth".

    Whilst it is extremely gratifying to myself and Nick to be told this, we always say that PT is just a platform. It's the people who use it and contribute to it that make it what it is!

    So everyone who shares something on PT is helping those coming after you to make wiser choices. It's a way of giving back and creating a safer place for both landlords and tenants.

    Inspired by the lovely and much appreciated comments yesterday, here are the top 15 discussions to help you save or make money in property:

    Top 10 "must read" discussions for new investors

    How to spot deals others might have missed

    6 ways to future proof your portfolio while interest rates are low

    5 property investments to avoid

    Top 10 most deadly landlord pitfalls and how to avoid them

    Gaining expert knowledge of your property patch


    15 questions every landlord should ask prospective tenants

    Comprehensive list of property due diligence sites

    15 things they WON'T teach you at a property seminar

    You know when to walk away from a property deal when ...

    21 questions to ask at an investment property viewing

    Tribes guide to avoid becoming property "shark bait"

    5 minute due diligence regime before opening your cheque book

    How to vet a lettings agent - 12 questions to ask

    Unregulated investments in 10 seconds

    If Property Tribes has helped you make money, build your portfolio, or helped you avoid pitfalls and therefore saved you money (and heartache), please do let the community know by replying to this thread and sharing any links to relevant discussions.

    Thank you!
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    May I also publicly thank Vanessa and Nick for this site and also the private help given.
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    Thank you Geoff. Smile

    As a mentor, are there any discussions on PT that you feel are particularly helpful for newbies, other than the ones listed?
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    'Vanessa Warwick' pid='207896' datel Wrote:Thank you Geoff. Smile As a mentor, are there any discussions on PT that you feel are particularly helpful for newbies, other than the ones listed?
    On a slight tangent - as a community we need to somehow reach out to the newbies to highlight the topics you listed. They generally make their "investment" decisions by information sought from people/organizations with a financial interest in their investment i.e. guru or letting agent.

    My view is that I think many of them are enticed by the word "investment", and that it's just a matter of putting money into property like any other investment vehicle, sit back and the money comes rolling in. These "seminars" reinforce that view in their minds. We know that it's a lot more than that. It's a business that requires specialist knowledge and needs treating as such.

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    (12-04-2014 10:09 AM)Vanessa Warwick Wrote:  Whilst it is extremely gratifying to myself and Nick to be told this, we always say that PT is just a platform. It's the people who use it and contribute to it that make it what it is!

    But it takes vision dedication generosity application knowledge and skill to build a platform. That is thanks to you and Nick . You had the vision . I didnt. None of the contributors did. Its all down to you two. I wouldn`t know how to even start building a platform. All we do is walk along it and type in a few words and get a few things off our chest. Easy peasy.

    You made all the stupendous effort and got everything in place to throw the party in the first place- You continue day in day out to serve drinks and ensure your guests are looked after and having a great time.
    We just turn up get drunk on property and enjoy your excellent hospitality
    Many thanks for the invite - its a great party!
    .
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    Jonathan Clarke. http://www.buytoletmk.com

    Ahhhhh, thanks so much JC. That means a lot coming from you good self.

    "Get drunk on property" ... what a great idea ... get those property drinks lined up!

    Mine's a double! Smile

    Seriously though, thank you very much for your very kind words. We appreciate them more than you know. x
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    I just came across my Offer Letter while responding to another thread.

    This offer letter has achieved financial results for us, as I explain >>> here.
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    I am an exceptionally lazy person in that I have absorbed literally hundreds of hours worth of reading time from Property Tribes but contributed very little indeed.

    I do intend to try to add more value as I get more into my property journey & give something back, however after reading this thread I felt I must make an effort and say how thankful I am that there are decent, genuine and hugely knowledgable people like Vanessa & Nick who commit so much time & effort to Property Tribes.

    It is an incredible resource and has ensured I have no excuse for getting myself into a pickle... its not happened so far and that is large thanks to Property Tribes. I also attended an event last week in London and heard Vanessa speak - very motivational & interesting to hear a real pro talk.
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    Christopher Browne. @c_harryguinness
    Hi Chris,

    Thank you very much for the kind comments. They are very much appreciated.

    If we added up all the years of landlord experience of our top contributors, I have no doubt it would run into the thousands!

    But we all had to start somewhere. I was a newbie once and its important to me that I remember the fears and worries I had when I was starting out ten years ago, as I know they are exactly the same as newbies starting today will feel. I hope that PT can help smooth the way and help newbies avoid the pitfalls, of which there are many.

    Good luck with your property journey and hope to see more of you on PT in the future. Smile
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    Vanessa & Nick,
    I have intended for a long time now, to thank you both for what your forum has helped us do in our business. I often wanted to make the time to contribute more generously but I have gone through quite a period where I was overwhelmed by business & family pressures and just couldn't!

    I moved from London to Derby in 2004 to be with the love of my life. Family circumstances were such that we had to be based in Derby. For a number of years I commuted to London from Derby in the corporate world, whilst building up our buy-to let -business so I could give up work. I gave up my job in 2007.

    All was going well until 2008/9 - not because we were relying on a some dodgy NMD business model or that we were under capitalised but that the vast majority of our tenants were Polish. We had based our business model around this - we were great at servicing this market. -I'm an immigrant from Ireland in the '80's and really knew how to target anyone who was an economic refugee. Well in 2009/10 the job situation in Derby got so bad most of the Polish people went home!

    We were in a right pickle - we were relying on our rental business and the world had changed!
    Derby is a poor city and there is not a huge Professional Market and many of our properties were not located in the right place for students. Then I started to read avidly the brilliant posts by John Paul. (from Easington - who runs the Casteldene Group - he knows everything about LHA tenants & has a very robust business model)
    We read his book & took the leap into letting to LHA. I was very scared to begin with because I had never been unemployed and wasn't sure how effectively we would deal with these new customers.
    4 years on we have never looked back. In these 4 years we have never lost a single weeks rent to a single one of our LHA tenants. If we ever have a void our tenants find us a new tenant. We still have a number of working tenants but to be honest we would go with LHA every time.
    Without so much valuable info from John Paul & Jonathan Clarke we'd never be as successful as we are.
    Another big influence was from Vanessa ('cos you're so keen on holiday lets!), We decided to buy a holiday let in the Peak District. Well, we found a cottage with a plot of land for an embarrassingly low price and began to fix it up. We made the mistake of spending a weekend there, then a week and then it rolled into weeks & weeks. Anyway we now live in the cottage with our little girl going to a local school.. Every day we drive round the mountain through the mist to drop her at school. There isn't a day that I don't feel like the luckiest person alive!

    Without property tribes and all the fantastic contributors I know I would not have the quality of life I have now. Thank you all from the bottom of my heart.
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    A treasure trove of vital information for any property investor and newbie.

    This site and threads like the 15 above have been so important in helping me make a start in building a successful property portfolio. Many thanks for everything everyone does

    Gary
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