Commercial Property Investor Podcast Jerry Alexander

In this episode, I interview Stephen Gallagher, a commercial property investor, who shares insights into his background in aerospace engineering and financial services, as well as his journey into property investment. He discusses his investment model with SSAS and details a successful project in Wishaw near Glasgow, where he transformed a CMO (Commercial Multiple Occupancy) property into a thriving serviced office space.

Stephen elaborates on the financial aspects, including valuation, rental income, and the SSAS syndication strategy used for funding. He also touches on some future projects involving boutique apartments and aparthotels.

KEY TAKEAWAYS


Stephen's investment strategy with SSAS is the prime example of how to get good returns within a pension scheme.
Stephen emphasises the importance of collaborating with others in the industry, sharing knowledge, and building relationships with professionals and investors.
Starting with smaller projects, like the one in Hamilton, can build confidence and provide a stepping stone for larger commercial property investments.
Utilising professional services like quantity surveyors and other experts can help in navigating construction costs, planning permissions, and other challenges in property development.

BEST MOMENTS

"I think engage with some folks that are doing it. I found quite a few individuals dotted around the country, around the UK, who are doing similar things who are incredibly helpful." 

"I think one of the things I noticed as well going around yours, because you're getting great rates for your spaces, is when you have a very large building it's difficult to have scarcity." 

JOIN THE NETWORK

If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours.

Useful Links:

CPI Website - https://commercialpropertyinvestor.co.uk/

Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/
Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

Join me in this exciting episode as I sit down with Miro Miroslavov from OfficeRnD, a renowned prop tech software company. Together, we uncover the fascinating evolution of their software and highlight its crucial role in tackling the unique challenges of managing flexible workspace.

Miro guides us through the company's growth and their strategic approach of integrating with top-tier solutions, rather than striving to be an all-encompassing platform. We also explore the significance of member experience, seamless data integration, and the future of AI in the industry.

KEY TAKEAWAYS


OfficeRnD is dedicated to offering an integrated platform that empowers various teams within an organisation to make decisions and easily replace specific components of the entire solution.
OfficeRnD Flex offers prop tech solutions for flexible and co-working spaces, addressing challenges such as billing, member experience, and day-to-day operations.
The company is prioritising the implementation of a Data Hub to analyse and centralise data for future AI integration to enhance business decision-making.
They are working on improving the member experience by streamlining on-demand product purchases and integrating with various marketplaces for increased exposure.

BEST MOMENTS

"The first step for implementing AI is having very robust data. So we decided to use a new concept in the platform, something that we call Data Hub, to integrate different data pieces into one centralised place." 

"One of the things that I'm still amazed at is a customer can go on our website, book up a space or a desk, pay the monies in the bank account before they turn up. It's amazing." 

"Everything goes back to the culture of the organisation."

"It's going to be interesting to come back to this in like two, three years' time, just to see where we're at, particularly the AI stuff. I just think some people's impression with AI is this all-seeing, all-thinking thing."

 

 

JOIN THE NETWORK

If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours.

Useful Links:

OfficeRND - https://commercialpropertyinvestor.co.uk/meet-our-partners-officernd/

Book a Demo - https://ofrnd.com/flex-demo

Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/

CPI Website - https://commercialpropertyinvestor.co.uk/
Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

I talk to Will Mallard about social housing in the commercial property sector. Will shares insights into the complexities of the sector, including the various categories of social housing and supported housing. He discusses how he got involved in social housing and provides examples of projects he has worked on. The conversation delves into the financial aspects of social housing, including the challenges and opportunities for investors. Will also highlights the importance of understanding the needs of local authorities and care providers when considering social housing projects. 

KEY TAKEAWAYS


The social housing sector is complex, with various categories and different interpretations and applications by local authorities and NHS areas.
Lenders in the social housing sector may increase interest rates and impose stricter loan-to-value ratios due to uncertainty, making it crucial to secure a stable income stream for financing.
A strategy in the social housing sector involves finding the ideal customer first, purchasing properties under market value, creating paper-based uplift, and potentially holding properties long-term for income.
No English local authority has ever defaulted on long lease residential or supported housing payments, providing a level of stability for investors in the sector.
For more information on the social housing sector and property investment, listeners can access the "My Property World" podcast hosted by Will Mallard on various platforms like Apple Podcasts and Spotify.

BEST MOMENTS

"There's approximately 200,000 people currently in supported housing of one form or another. And there's at least another 100,000 in terms of demand." 

"One of the top points in this is around temporary accommodation, where there's a statutory obligation for a local authority to provide housing for anyone who presents with a housing need." 

"No English local authority has ever defaulted on a long lease residential or supported housing payment. Not once." 

"People are holding it for income, or the end owner, and that there's an appeal which is, I suppose, backable by a vision of a mortgage or some other lending product." 

VALUABLE RESOURCES

JOIN THE NETWORK

If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours.

Useful Links:

CPI Website - https://commercialpropertyinvestor.co.uk/

Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/
Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

I'm joined once again by the marvellous Dean Booty, to discuss the ins and outs of the self-storage industry. Dean shares insights into his successful self-storage business, including the expansion from three to six sites in a short period. We delve into topics such as site acquisitions, revenue management, pricing strategies, and the impact of COVID-19 on the industry. Dean also introduces his comprehensive online course covering all aspects of self-storage operations, offering a special discount for CPI-podcast listeners!

KEY TAKEAWAYS


The online course offered by Dean covers a comprehensive range of topics related to self-storage business, from finding locations to operations and marketing strategies.
Dean's course provides valuable insights into revenue management, pricing strategies, and customer acquisition techniques specific to the self-storage industry.
The course includes practical tools and resources, such as population and self-storage data spreadsheets, to aid in decision-making and site selection.
Dean's newsletter, mrselfstorage.com, offers daily updates on revenue, quotes, conversions, move-ins, self-storage tips, and industry news, providing a valuable resource for self-storage operators.

BEST MOMENTS

"That's the difference between being a super successful self-storage company or being a successful one." 

"I genuinely look back and think, I am so proud of that. I'm so proud that I've done it."

 

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JOIN THE NETWORK

If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours.

Useful Links:DEAN'S COURSE ➡️  https://dean-booty.mykajabi.com/self-storage-secrets-2

CPI Website - https://commercialpropertyinvestor.co.uk/Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/
Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

I'm joined once more by Adam Lawrence, to focus on the impact of the recent budget on property investors. We discuss various aspects such as tax thresholds, capital gains tax, multiple dwellings relief, and the potential effects of upcoming elections on the property market. Adam shares his insights on navigating the current economic landscape and offers strategic advice for property investors. 

KEY TAKEAWAYS


Election Year Opportunities: Adam suggests that election years tend to offer opportunities for property transactions, especially when the election date is announced, as transactions tend to drop, presenting a window for contrarian investors to ramp up activity.
Inflation and Property Ownership: Adam highlights that property owners are in a favourable position to take advantage of inflation, as property ownership is the second-best position in the economy to benefit from inflation.
Commercial Property Outlook: Adam expresses a bullish outlook for commercial property, emphasising that leverage and asset acquisition in the face of inflation should ultimately work in favour of property owners.

BEST MOMENTS

"I think realistically, election years as a rule tend to offer opportunities right and where the budget you can you can imagine how some of that stuff we've discussed with the budget can be used in your communication with vendors."

"The forecast looked magnificent, right? Second best people to take advantage of inflation, second best position in the economy, property owners. Very bullish, really."

 "I think be ready, be ready to transact, be financially attractive. It's not the worst time in the world to be re-gearing stuff."

VALUABLE RESOURCES

JOIN THE NETWORK

If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours.

Useful Links:

CPI Website - https://commercialpropertyinvestor.co.uk/ Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/
Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/

I share insights into why I ventured into commercial real estate, how I found the project through networking and the process of financing the property.

I delve into the specifics of the building, its initial condition, and the gradual transformation it underwent to increase its income and value, reflecting on the lessons learned from this project, emphasising the importance of networking, not solely relying on commercial agents' advice, and the impact of increasing income on property value. 

KEY TAKEAWAYS


Networking was key in finding the first commercial project, emphasising the importance of building relationships and connections in the industry.
Don't solely rely on commercial agents' advice if they are not supportive, as their perspective may not align with your goals and opportunities.
Luck played a role in finding a property that was the right size to afford a full-time person to manage it, allowing for scalability and growth.
Increasing income can directly impact the value of the property, showcasing the potential for leveraging and enhancing returns.

BEST MOMENTS

"The income affects value. So the more you can increase the income, the more down the track you can affect value and possibly leverage against that."

"I think, I'm hoping that by sharing a bit more details about that particular one, that you can see that actually there's a logic to it."

"I was scared. And the reason why I wanted a joint venture partner was because I didn't want to do it on my own. I wasn't sure if it was going to work."

"Our job on the consulting side of CPI, Commercial Property Investor, is to hold your hand through the process, to minimise the mistakes, and critically, to speed up the process."

JOIN THE NETWORK

If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours.

Useful Links:

CPI Website - https://commercialpropertyinvestor.co.uk/Our Sponsors -  https://commercialpropertyinvestor.co.uk/podcast-sponsors/
Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/