The Property Nomads Podcast Rob Smallbone & Aaron Devoy

Rob welcomes back Adrian Benjamin to discuss property protection strategies. Adrian, with his corporate background and experience in property sourcing, shares valuable insights on how to protect yourself and your property business. They delve into the benefits of setting up a limited company for tax efficiency and how to utilise products like life insurance and executive income protection through the business. 

KEY TAKEAWAYS


Setting up a limited company for a property business can provide tax efficiency and allow for financial protection through the company.
Life insurance can be put through a limited company as a company expense, potentially lowering the corporation tax bill.
Shareholder protection is important for joint ventures, as it ensures that the shares of a deceased partner can be bought by the remaining partner, preventing potential issues with decision-making.
Key person cover is crucial for businesses that rely heavily on a specific individual, as it provides financial support in the event that the key person is unable to work.

BEST MOMENTS

"So there's some great products out there where you can still have financial protection but put it through the limited company." 

"Your tenants are paying for a policy that will cover the whole portfolio. So it's kind of a no brainer." 

"That's what happens with limited company directors. So there's a product called shareholder protection, whereby if that was to happen, you also need a cross option agreement drawn up by a solicitor or legal specialist." 

"If that person's off sick or passes away, that's a massive impact on your business because you can't replace them because everything's in their head."

VALUABLE RESOURCES

Book a call with Adrian

Follow Adrian on insta

Connect with Adrian on facebook

Connect with Adrian on linkedin

Subscribe to Adrian on youtube

GET YOUR DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP https://dash.sovereignman.com/a/smc12m995/tpnpodcast

SOVEREIGN MAN 4th PILLAR https://dash.sovereignman.com/a/4pmain/tpnpodcast

ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

BOOKS 

Property FAQs = https://amzn.to/3MWfcL4  

Buy To Let: How To Get Started = https://amzn.to/3genjle  

101 Top Property Tips = https://amzn.to/2NxuAQL  

WHERE TO FIND US

https://linktr.ee/thepropertynomadspodcast
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
This show was brought to you by Progressive Media

Rob discusses the potential impact of rising inflation on the economy, explaining that as pay rises outstrip inflation, people will demand higher compensation to cover the increased cost of living. This, in turn, leads to increased overheads for businesses, which may result in higher prices for consumers...

KEY TAKEAWAYS


Inflation is expected to increase due to pay rises outstripping inflation in recent years.
When pay increases exceed inflation, companies may pass on the increased costs to consumers, resulting in higher prices.
The disparity between wage growth and inflation may lead to a vicious circle of price increases and further inflation.
The future of interest rates is uncertain and may be influenced by government policy and decisions made by the Federal Reserve.
Businesses that are not run efficiently may face challenges as overheads increase and costs are passed on to consumers.

BEST MOMENTS

"If those costs get passed over to the customer, that is going to be in the terms of higher prices. And then we start getting onto that slippery slope again."

"What will happen is that the consumer is likely going to be hit with even more price increases and then the vicious circle starts again." 

"What is alarming is from speaking to a couple of friends and other people in various communities is the amount of people that have somehow ended up on variable mortgages by design." 

"So although the BBC in this particular case is where the articles come from, although they might be trying to put a positive spin on it, actually, it's probably gonna have a negative consequence moving forward." 

VALUABLE RESOURCES

GET YOUR DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP https://dash.sovereignman.com/a/smc12m995/tpnpodcast

SOVEREIGN MAN 4th PILLAR https://dash.sovereignman.com/a/4pmain/tpnpodcast

ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

BOOKS 

Property FAQs = https://amzn.to/3MWfcL4  

Buy To Let: How To Get Started = https://amzn.to/3genjle  

101 Top Property Tips = https://amzn.to/2NxuAQL  

WHERE TO FIND US

https://linktr.ee/thepropertynomadspodcast
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
This show was brought to you by Progressive Media

Rob delves into the topic of heat pumps and their suitability for British homes,  highlighting the potential disadvantages such as increased bills and the need for proper insulation. Rob also address the issue of noise levels, stating that heat pumps may be too noisy for built-up areas and terraced houses.

KEY TAKEAWAYS


Heat pumps are considered too noisy for British homes, despite plans to install millions of them. This poses a challenge for homeowners and the implementation of heat pump technology.
Heat pumps can lead to increased energy bills, especially if the rest of the home is not properly insulated or if the switch from gas to electric is made. This is an important consideration for individuals looking to install heat pumps.
Terraced houses and older style properties may face difficulties in accommodating heat pumps due to limited space and potential noise issues. This raises concerns about the feasibility of heat pump installations in these types of properties.
The UK's energy companies and the higher cost of electricity compared to gas contribute to the potential financial burden of using heat pumps. This aspect is often overlooked when promoting heat pump technology.

BEST MOMENTS

"What you're not being told as a potential customer is that if you go to install a heat pump and you live in an older style property, is the rest of your home insulated properly?" 

"There's a new report that's come out that's suggesting now that heat pumps are too noisy for British homes, despite the plan to install millions."

VALUABLE RESOURCES

GET YOUR DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP https://dash.sovereignman.com/a/smc12m995/tpnpodcast

SOVEREIGN MAN 4th PILLAR https://dash.sovereignman.com/a/4pmain/tpnpodcast

ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

BOOKS 

Property FAQs = https://amzn.to/3MWfcL4  

Buy To Let: How To Get Started = https://amzn.to/3genjle  

101 Top Property Tips = https://amzn.to/2NxuAQL  

WHERE TO FIND US

https://linktr.ee/thepropertynomadspodcast
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
This show was brought to you by Progressive Media

Rob talks about the potential introduction of inheritance tax and stamp duty cuts in the upcoming autumn budget, speculating on the impact these cuts could have on the housing market, with the possibility of stimulating demand and increasing prices. 

KEY TAKEAWAYS


There are rumours that inheritance tax and stamp duty cuts could be introduced in the upcoming autumn budget, which could potentially impact the housing market.
The introduction of inheritance tax cuts could be beneficial for many individuals, as it can help avoid unexpected tax burdens.
The potential cuts in stamp duty could stimulate the housing market by boosting demand and potentially increasing prices.
However, the effectiveness of stamp duty cuts in stimulating the housing market may be limited due to other economic factors such as mortgage costs and legal fees.

BEST MOMENTS

"There's some murmurings at the moment, apart from David Cameron being back in office which has surprised a lot of people."

"Inheritance tax cuts could be introduced... Sometimes you can get stumped by IHT without even realising."

"Stamp duty cuts will be quite interesting if they were to happen... that could give the housing market a bit of a boost."

VALUABLE RESOURCES

GET YOUR DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP https://dash.sovereignman.com/a/smc12m995/tpnpodcast

SOVEREIGN MAN 4th PILLAR https://dash.sovereignman.com/a/4pmain/tpnpodcast

ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

BOOKS 

Property FAQs = https://amzn.to/3MWfcL4  

Buy To Let: How To Get Started = https://amzn.to/3genjle  

101 Top Property Tips = https://amzn.to/2NxuAQL  

WHERE TO FIND US

https://linktr.ee/thepropertynomadspodcast
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
This show was brought to you by Progressive Media

Rob talks about the bankruptcy filing of WeWork, a shared office firm that was once valued at $38 billion. He highlights the significance of this event, as it indicates potential opportunities in the commercial property sector. With WeWork likely handing back real estate to banks and landlords, there may be deals to be done and empty properties available for acquisition. 

KEY TAKEAWAYS


WeWork, a shared office firm once valued at $38 billion, has been forced to file for bankruptcy in the US. This indicates potential opportunities in the commercial property sector as landlords may be looking to offload empty properties.
The bankruptcy of WeWork could lead to a ripple effect in the global economy, impacting other companies and banks with large liabilities.
Landlords who are left with empty properties may be open to deals and negotiations, creating opportunities for property investors.
The potential changes to permitted development by the government could further enhance the opportunity to acquire and convert these properties into different types of office spaces or residential properties.

BEST MOMENTS

"If big, massive companies like this who own a lot of offices globally are hitting the wall, then that means that they could probably going to be handing a lot of this real estate, dare I say it, back to the banks, etc." 

"What this means moving forward is that if they are handing the leases back to the parent companies or the banks or whatever it is they're doing, then that's going to create a lot of opportunity because the landlords are going to be in the position where they're going to have a lot of empty property." 

"Will people ever go back to offices in their droves? I don't know, to be perfectly honest. Probably unlikely. Things have happened. Things have changed."

VALUABLE RESOURCES

GET YOUR DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP https://dash.sovereignman.com/a/smc12m995/tpnpodcast

SOVEREIGN MAN 4th PILLAR https://dash.sovereignman.com/a/4pmain/tpnpodcast

ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

BOOKS 

Property FAQs = https://amzn.to/3MWfcL4  

Buy To Let: How To Get Started = https://amzn.to/3genjle  

101 Top Property Tips = https://amzn.to/2NxuAQL  

WHERE TO FIND US

https://linktr.ee/thepropertynomadspodcast
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
This show was brought to you by Progressive Media

Rob recaps the key points from the recent King's speech, focusing on housing-related announcements. The first major point is the introduction of a new leasehold and freehold bill, which will ban leaseholds for new houses in England and Wales. Additionally, the standard lease extension period will be increased to 990 years. Rob talks about the potential benefits of these changes, such as providing clarity and security for homeowners. 

KEY TAKEAWAYS


The King's speech announced a new leasehold and freehold bill that will ban leaseholds for new houses in England and Wales, while increasing the standard lease extension period to 990 years. This aims to provide more clarity and security in the property market.
Banning leaseholds for new homes is seen as a positive move for the property market, as it eliminates potential issues with leases and ground rent. However, it is not expected to have a significant impact on flats, which are commonly leasehold.
The extension of lease periods to 990 years presents an opportunity for buyers to acquire properties with shorter lease terms at discounted prices and then extend the lease, adding value and ensuring long-term security.
The Renters Reform Bill, mentioned in the King's speech, will eventually ban no-fault evictions in England. However, this will only come into force after reforms to the court system, which could take a considerable amount of time.

BEST MOMENTS

"I do think banning leaseholds for new homes is probably a good thing." 

"It's tidying up the system a little bit... You've added value and you've got a bit more of a long-term security when it comes to that flat." 

"The Renters Reform Bill, it will come into law at some point... but it will only come into force after reforms to the court system." 

"From a landlord's point of view, it's an absolute pain in the backside."

VALUABLE RESOURCES

GET YOUR DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP https://dash.sovereignman.com/a/smc12m995/tpnpodcast

SOVEREIGN MAN 4th PILLAR https://dash.sovereignman.com/a/4pmain/tpnpodcast

ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

BOOKS 

Property FAQs = https://amzn.to/3MWfcL4  

Buy To Let: How To Get Started = https://amzn.to/3genjle  

101 Top Property Tips = https://amzn.to/2NxuAQL  

WHERE TO FIND US

https://linktr.ee/thepropertynomadspodcast
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
This show was brought to you by Progressive Media