144 episodes

David is a property expert with over 25 years’ experience and his own portfolio of 26 units.
His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing
and Packaging business in the North West of England and has sourced over 250 properties
for investors since 2004. In recent years he has, by necessity, had to develop an expertise in
LHA strategies. This area is increasingly becoming a niche for him and he enjoys
empowering other landlords by sharing the knowledge he has gained. The ultimate purpose
when sourcing properties in this sector for investors is to minimise risk while maximising
profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring
rents are paid and the transition to Universal Credit. These are strategies he uses in his own
business and also on behalf of investors. His investor clients regularly achieve annual gross
yields of over 20% with high occupancy rates and voids resolved, sometimes within hours.

Property Sourcing Profits Podcast Progressive Channel

    • Business
    • 5.0 • 1 Rating

David is a property expert with over 25 years’ experience and his own portfolio of 26 units.
His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing
and Packaging business in the North West of England and has sourced over 250 properties
for investors since 2004. In recent years he has, by necessity, had to develop an expertise in
LHA strategies. This area is increasingly becoming a niche for him and he enjoys
empowering other landlords by sharing the knowledge he has gained. The ultimate purpose
when sourcing properties in this sector for investors is to minimise risk while maximising
profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring
rents are paid and the transition to Universal Credit. These are strategies he uses in his own
business and also on behalf of investors. His investor clients regularly achieve annual gross
yields of over 20% with high occupancy rates and voids resolved, sometimes within hours.

    Update on Possession Hearings with My Reluctant Tenants PLUS What’s Going On in the Rental Market?

    Update on Possession Hearings with My Reluctant Tenants PLUS What’s Going On in the Rental Market?

    The majority of people are good and honest but as a landlord, you are likely to come across some people who are not and in this episode, David takes us through the court proceedings he has recently been through with a tenant.

    He shares great content on how the process works and the paperwork the landlord needs to have in place. In the proceedings, the onus is on the landlord to prove the case so having the right information in place is vital.

    David also reflects on the current situation with the rental market as demand continues to rise and the availability of properties remains limited.

     

    KEY TAKEAWAYS


    Through Covid, there has been an eviction ban and local bailiffs have not been able to work with landlords before 1 June 2021
    The landlord has to prove their case and you have to have followed the process correctly
    The tenant doesn’t have to do anything at all they can be rude, disrespectful, lie and ignore you
    Submit your paperwork to the court, there is an initial unattended review followed by an attended hearing around 4 weeks later
    A suspended possession order means the tenant stays in the property, pays the rent going forward along with an agreed monthly amount towards the arrears
    Selected licence areas are those where you need a licence from the council to have a single buy to let
    There is a perfect storm at the moment with Section 24 and COVID meaning there are less properties available
    There are more people needing rental accommodation because they can’t afford to buy
    Rents have gone up and there are very few properties available to rent.
    Tenants are offering future rent and guarantors to secure properties
    As a deal packager when you are putting together a deal make sure you are reflecting the right numbers.

     

    BEST MOMENTS

    ‘The government may have thought they were helping tenants but they’ve made it worse’

    ‘There are more people needing rental accommodation because they can’t afford to buy and less rental accommodation available’

    ‘The demand for properties currently is extraordinary’

     

    VALUABLE RESOURCES 

    Property Sourcing Profits Podcast

    https://www.progressiveproperty.co.uk/

    https://unlimited-success.co.uk/

    https://www.facebook.com/groups/progressivepropertycommunity/

    Property Investors podcast

     

    ABOUT THE HOST

    David is a property expert with over 25 years’ experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004.

    In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him, and he enjoys empowering other landlords by sharing the knowledge he has gained.

    The ultimate purpose when sourcing properties in this sector for investors is to minimise risk while maximising profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring rents are paid and the transition to Universal Credit. These are strategies he uses in his own business and also on behalf of investors. His investor clients regularly achieve annual gross yields of over 20% with high occupancy rates and voids resolved, sometimes within hours.

     

    CONTACT METHOD

    https://www.linkedin.com/in/david-siegler-7b126316/

    https://www.facebook.com/DavidSieglerInvestments/  

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     
    See omnystudio.com/listener for privacy information.

    • 25 min
    Me versus My Reluctant Tenants

    Me versus My Reluctant Tenants

    From 1 June bailiffs are permitted to work again for private landlords and David explains his court proceedings with a reluctant tenant providing great information and advice for landlords

    He highlights the importance of being all over your repairs and why following the procedure and ensuring you have the right paperwork in place is key.

    This episode is a great opportunity to hear exactly how the process works and about the help that is available.

     

    KEY TAKEAWAYS


    The judge has mandated due to the money arrears it’s not about the condition of the property.
    The duty solicitor did it by the book, checking everything from the dates to the procedure followed
    There was no evidence re the issues the tenant raised in the court on the day
    The solicitor was very professional and took an opinion on what was happening
    If any issues are raised at a hearing the judge will look at;

                             The value of the repairs

                        The value of the outstanding rent

                        Whether the value of the repairs would reduce the rent so it’s below two  months outstanding.


    If you’ve got reluctant tenants follow the system
    The NRLA are very  helpful and can provide legal advice

     

    BEST MOMENTS

    ‘Make sure you are all over your repairs’

    ‘It’s a simple money order’

     

    VALUABLE RESOURCES 

    Property Sourcing Profits Podcast

    https://www.progressiveproperty.co.uk/

    https://unlimited-success.co.uk/

    https://www.facebook.com/groups/progressivepropertycommunity/

    Property Investors podcast

     

    ABOUT THE HOST

    David is a property expert with over 25 years’ experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004.

    In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him, and he enjoys empowering other landlords by sharing the knowledge he has gained.

    The ultimate purpose when sourcing properties in this sector for investors is to minimise risk while maximising profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring rents are paid and the transition to Universal Credit. These are strategies he uses in his own business and also on behalf of investors. His investor clients regularly achieve annual gross yields of over 20% with high occupancy rates and voids resolved, sometimes within hours.

     

    CONTACT METHOD

    https://www.linkedin.com/in/david-siegler-7b126316/

    https://www.facebook.com/DavidSieglerInvestments/  

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     
    See omnystudio.com/listener for privacy information.

    • 11 min
    Tenants, Love them or Not They are Key in Deal Packaging

    Tenants, Love them or Not They are Key in Deal Packaging

    Tenants are a key part of any deal packaging proposal and David shares some great tips about how the property market is changing.

    Rents have been stuck for a significant amount of time but now they are on the rise and as a deal packager you need to understand the impact of Section 24, why there are fewer rental properties available and why it’s vital you have up to date rental figures for your area to make sure you are presenting the best opportunities to investors.

     

    KEY TAKEAWAYS


    Being a buy to let landlord is a business
    Incrementally section 24 has meant you can subtract less and less mortgage interest
    The presentation can make a difference to the level of rent and the ceiling level for rent is not determined by the street.
    The buy to let market has contracted since 2016 but with government incentives, the property market as a whole has continued to grow
    On average in the last year rents have risen by 6%
    There are fewer rental homes available which has impacted rents
    The long term impact of there being fewer rental properties is now being felt by tenants
    Tenants going into the property market looking to rent have approximately 50% of the choice they had two years ago
    A contraction in the market and fewer rental opportunities mean that tenants are seeing rising rents
    Make sure you have the up to date rental figures for your area

     

    BEST MOMENTS

    ‘Section 24 has started a metaphorical fire in the rental market’

    ‘Make sure you know the market rent and don’t be afraid to put it up’

     

    VALUABLE RESOURCES 

    Property Sourcing Profits Podcast

    https://www.progressiveproperty.co.uk/

    https://unlimited-success.co.uk/

    https://www.facebook.com/groups/progressivepropertycommunity/

    Property Investors podcast

     

    ABOUT THE HOST

    David is a property expert with over 25 years’ experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004.

    In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him, and he enjoys empowering other landlords by sharing the knowledge he has gained.

    The ultimate purpose when sourcing properties in this sector for investors is to minimise risk while maximising profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring rents are paid and the transition to Universal Credit. These are strategies he uses in his own business and also on behalf of investors. His investor clients regularly achieve annual gross yields of over 20% with high occupancy rates and voids resolved, sometimes within hours.

     

    CONTACT METHOD

    https://www.linkedin.com/in/david-siegler-7b126316/

    https://www.facebook.com/DavidSieglerInvestments/  

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     
    See omnystudio.com/listener for privacy information.

    • 19 min
    How to Give Value to Your Investors in a Hot Property Market

    How to Give Value to Your Investors in a Hot Property Market

    The market is hot how do you give value to your investors?

    David shares great content from his deal packaging Mastermind group who have been discussing how as a deal packager you can give value to your investors when the market is hot.

    Multi-letting serviced accommodation and tenant buyers are all strategies to consider and could be what makes the difference in securing value for your investors.

     

    KEY TAKEAWAYS


    At the moment the yield rates may not be great with buy to lets
    With single buy to let you need to use your education and make use of your mentors
    How can you increase the rent role so that investors enjoy a great opportunity?
    Look at multi letting - subject to making it legal and safe the rooms could be let individually and the gross yield goes up.
    Serviced accommodation -  a smart single let house where you have ‘guests’ and can increase the income
    Tenant buyers - find people who want to buy further on in time but will rent now
    Engineer the payments so every month there is an overpayment towards the deposit
    It’s a win for the investor because they get a higher return
    It’s a win for the tenant as they will get on the property ladder
    It’s a much overlooked strategy

     

    BEST MOMENTS

    ‘The market is hot, hot, hot’

    ‘A single buy to let can become very attractive with a tenant-buyer in it’

     

    VALUABLE RESOURCES 

    Property Sourcing Profits Podcast

    https://www.progressiveproperty.co.uk/

    https://unlimited-success.co.uk/

    https://www.facebook.com/groups/progressivepropertycommunity/

    Property Investors podcast

     

    ABOUT THE HOST

    David is a property expert with over 25 years’ experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004.

    In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him, and he enjoys empowering other landlords by sharing the knowledge he has gained.

    The ultimate purpose when sourcing properties in this sector for investors is to minimise risk while maximising profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring rents are paid and the transition to Universal Credit. These are strategies he uses in his own business and also on behalf of investors. His investor clients regularly achieve annual gross yields of over 20% with high occupancy rates and voids resolved, sometimes within hours.

     

    CONTACT METHOD

    https://www.linkedin.com/in/david-siegler-7b126316/

    https://www.facebook.com/DavidSieglerInvestments/  

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     
    See omnystudio.com/listener for privacy information.

    • 7 min
    Property Prices are on the UP

    Property Prices are on the UP

    In this episode, David looks at the market currently and delves deeper into content from Zoopla and the Daily Telegraph about what’s happening right now in the property market and what it means moving forward.

    Levels of sales in the prime central areas have recovered and the ripple effect will impact across the country and affect all areas as more money is spent across the economy.

    If you are involved in property and a deal packager then this is an episode you need to catch up with.

     

    KEY TAKEAWAYS


    The mortgage lending in April jumped to a record high and this was driven by purchases in London
    Deals in Kensington and Chelsea jumped by 80% in the two weeks after the April 12 restrictions were lifted
    8 billion was borrowed for residential mortgages in March as people race to take advantage of the stamp duty holiday
    What has happened in the last few weeks beats the hot property market in 2006 and its price rises
    At the beginning of the year the further you went from London the hotter the property market but this has now changed with the return of demand for property in London
    Banks have now  begun to instruct workers to return to the workplace and London is on the up
    A record number of first-time buyers have paid over a million pounds for their first property.
    It’s good news for everyone because it means all properties are increasing

     

    BEST MOMENTS

    ‘The ripple effect means more money spent across the economy’

    ‘If you are packaging in London then this is great news’

     

    VALUABLE RESOURCES 

    Property Sourcing Profits Podcast

    https://www.progressiveproperty.co.uk/

    https://unlimited-success.co.uk/

    https://www.facebook.com/groups/progressivepropertycommunity/

    Property Investors podcast

     

    ABOUT THE HOST

    David is a property expert with over 25 years’ experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004.

    In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him, and he enjoys empowering other landlords by sharing the knowledge he has gained.

    The ultimate purpose when sourcing properties in this sector for investors is to minimise risk while maximising profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring rents are paid and the transition to Universal Credit. These are strategies he uses in his own business and also on behalf of investors. His investor clients regularly achieve annual gross yields of over 20% with high occupancy rates and voids resolved, sometimes within hours.

     

    CONTACT METHOD

    https://www.linkedin.com/in/david-siegler-7b126316/

    https://www.facebook.com/DavidSieglerInvestments/  

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     
    See omnystudio.com/listener for privacy information.

    • 10 min
    A Good News Episode....well mainly

    A Good News Episode....well mainly

    Deals are getting done and people are getting paid and this is a great time to be a deal packager.

    If you have put in the work and let people know who you are and what you do then you are putting yourself in the right place to make deals and David shares great news about one of his mentees who has done just that with her first deal coming together after she put in the work and got into the right position to successfully bring the right investor and the right property together.

     

    KEY TAKEAWAYS


    You need to charge a fee commensurate with the value of the property but you shouldn’t charge less than £3,000
    What have you done to get to this point? to make you worth the fee.
    You have invested in yourself and your education
    You have put in the work consistently through direct mail, phoning agents and getting out there.
    It’s about learning your craft and how you should value yourself
    It’s about the work that goes into learning about who you are as a deal packager
    People are out there hungry for deals and there is money out there
    You should have 6-8 investors who are qualified and ready to buy your deals.
    Get yourself out there, network and let people know who you are and what you do.
    You need to get to the people who have money because they want to invest in bricks and mortar right now.

     

    BEST MOMENTS

    ‘Getting a deal doesn’t always  have to be difficult’

    ‘She put herself in a position where one agent has said ‘yes’ I can do that deal’

    ‘If you have deals there is lots of money out there’

     

    VALUABLE RESOURCES 

    Property Sourcing Profits Podcast

    https://www.progressiveproperty.co.uk/

    https://unlimited-success.co.uk/

    https://www.facebook.com/groups/progressivepropertycommunity/

    Property Investors podcast

     

    ABOUT THE HOST

    David is a property expert with over 25 years’ experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004.

    In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him, and he enjoys empowering other landlords by sharing the knowledge he has gained.

    The ultimate purpose when sourcing properties in this sector for investors is to minimise risk while maximising profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring rents are paid and the transition to Universal Credit. These are strategies he uses in his own business and also on behalf of investors. His investor clients regularly achieve annual gross yields of over 20% with high occupancy rates and voids resolved, sometimes within hours.

     

    CONTACT METHOD

    https://www.linkedin.com/in/david-siegler-7b126316/

    https://www.facebook.com/DavidSieglerInvestments/  

     

     

     

     

     

     

     

     

     

     

     

     
    See omnystudio.com/listener for privacy information.

    • 16 min

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