The Rodcast - Property, Business, Investment Rod Turner

If you are interested in Supported living, Impact Investment, Private Equity, Operational Efficiencies, EBITDA, ESG, Housing Crisis then you are in for a treat.
I was joined by Honor Barratt the Managing Director of Birchgrove, https://www.birchgrove.life/ a Senior Assisted Living operator that is funded by Impact Fund, Bridges https://www.bridgesfundmanagement.com/our-story/
We discuss;
Honor's background in business and how she became the Managing Director of Birchgrove.
Coping with changes when your business is bought by Private Equity.
Upskilling through business programmes such as Harvard.
Transferable skills from a Creative industry.
The scale of the retirement living problem in the UK.
When people should look to downsize.
Renting in later life.
How the housing market is affected by the older population.
How the senior living market in the UK compares with other countries.
Why does it take us so long to create buildings in the UK.
The biggest challenges Birchgrove faces.
Market and Investors concerns over the supported living industry.
Where the money is currently coming from that is investing in UK Senior Living.
Measuring Impact.
Delivering EBITDA with impact.
How ESG and EBITDA are not mutually exclusive.
The biggest challenges with scaling a business where there is an absence of comparables.
The demographics of the industry and why this sector looks rosey.
Identifying the problem with insight.
How the cost of finance affects the business as well as impact.
The realities of paying for care.
Having a sense of purpose and how that really supercharges things.
Ghetto-ising certain communities and how sometimes some communities want it.
How impactful gestures can be.
And Lots more.
Thanks again to our sponsors 978 Finance https://978finance.com/
and
Konnexsion property management software https://www.konnexsion.com/user-login


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Jo Seth-Smith is the Investment Manager at Olim Property https://www.olimproperty.co.uk/index.html an FCA regulated property investment manager of UK commercial property portfolios, whose Funds Under Management total is approximately £1 billion with individual discretionary mandates for pension funds, investment trusts and Oxford colleges.
Jo has a heap of experience in Commercial Property Investment starting her career at JLL, La Salle Investment Manager and then moving on to for part of the team that created Acuitus Commercial Property Auctions before joining Olim Property.
In this discussion Jo and I discuss;
How Jo came to be involved in the investment side of Commercial Real Estate.
Different types of sellers and buyers at commercial property auctions and differences in approaches between institutional investors vs private sector investors.
Why institutional investors decide to sell at auction.
How the structure of a typical institutional real estate portfolio has changed over time.
As an investment manager how does the clients needs dictate the sectors that you look to invest in.
Where her focus in terms of asset types has changed over the past few years.
The importance of not just reducing risk for clients but also reducing costs.
Valuations when transactional evidence is low and how that can affect decisions to sell.
Theory vs experience.
The delay between cause and effect on asset prices happening in the market.
Cost of living crisis effects on covenant strength of occupiers of commercial property.
Difficulties in forecasting future rents.
Difficulties in achieving historical yields in certain asset classes.
How ESG factors into Jo's decision making when making investments and how that has changed over time.
Policy and Government changes and their effects on investments.
ESG and box ticking.
Advice to people looking to get into the industry.
And lots more...
Thanks again to our sponsors https://www.konnexsion.com who provide fantastic property management software and 978 Property finance https://978finance.com/ who provide finance for all property deals
If you enjoyed the episode please be sure to follow on whichever platform you listen or view on. Reviews are always welcome.




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Our Quarterly Investment Mastermind with Manish Kataria and Adam Lawrence kicked off with a brief discussion on the performance of some of our previous investment picks and the current investment environment.
We then got onto our picks for this quarter.
If you haven't listened to one of these mastermind episodes before the premise is we each pick a stock, bond, ETF, REIT etc that we feel is good to invest in now and give the reasons why. The others then are given a chance to critique.
Manish chose an ETF that tracks the Russel 2000 ticker IWM https://www.ishares.com/us/products/239710/ishares-russell-2000-etf
I went with an ETF that tracks the FTSE 250 with ticker VMID https://www.vanguardinvestor.co.uk/investments/vanguard-ftse-250-ucits-etf-gbp-distributing/distributions
And Adam chose Dimensional Fund advisors uk value fund https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=f0gbr04v7x
Manish also came in with a bonus pick of the stock BP https://www.bp.com/en/global/corporate/investors/share-price-tools/share-price-history.html
To find out the reasoning and critiques behind these investment picks please listen to the episode.
Please don't forget to like and subscribe/ follow the Rodcast
THIS IS NOT INVESTMENT ADVICE

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In this episode I am joined by Richard Nicholls who has a fantastic knowledge and track record in the sales market of HMO properties. We also discuss the HMO market and what HMO owners can do to maximise sale values.
Selling portfolio's and large HMO to funds and what they may be looking for.
However in this episode we discuss another property related business that Richard had several years ago that had disastrous outcomes for his clients, him and his family.
This is a candid discussion about what mistakes Richard made in business, what went wrong and what we can all learn and apply in our own businesses to ensure we minimise these things happening.
We discuss warning signs for both clients and Richard acting as main contractor. We look at it from both clients perspective and what you should be looking for in a contractor as well as from a contractors point of view.
As always thanks to our sponsors www.978finance.com who provide me with fantastic finance for property investments and developments and www.konnexsion.com whose software is invaluable in managing my portfolio.
Please don't forget to like and subscribe to our podcast.
If you. prefer to watch the episode please subscribe, like and watch our youtube channel https://www.youtube.com/channel/UCxkO-euK0xulYGS7vH08d5A

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In this episode I am joined by Planning Consultant Lorenzo Pandolfi from https://logic-planning.com/ to talk about the current state of the UK's Planning System.
We discuss;
His career and how an Italian town planner came to be in London.
How Morale, Money and perspective are causing issues in the planning system.
What is causing the issues with staffing in planning departments.
How "Public Practice" can help the planning system.
The public sectors PR department
Life on the front line in Local Authority Planning Departments http://samuelstafford.blogspot.com/2021/12/life-on-front-line.html
Common mistakes made when submitting planning applications.
Where does planning really sit in the agenda for the political parties.
Permitted Development.
How important soft skills are when trying to get an application granted.
Useful resources for Planning specialists and developers (see below)
https://www.youtube.com/channel/UCcMtoF0MPgFble556ncjNvQ
https://simonicity.com/
https://www.planoraks.com/
https://www.irwinmitchell.com/our-people/nicola-gooch
http://samuelstafford.blogspot.com/2021/12/life-on-front-line.html
As always a big thank you to www.978finance.com for sponsoring the episode. Please contact simon@978finance.com for all of your finance needs.
Please share this episode if you enjoyed it and don't forget to follow on your podcast platform or on youtube https://www.youtube.com/@rodcastITP and we would love a review.

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In the last 5 years we have had Covid, Trussonomics, Market volatility, been paid to stay home, inflation and the fastest increases in mortgage rates for 100 years.
So it was an absolute pleasure to have the first ever Rodcast guest back on the show to celebrate our 100th episode and hear how his fantastic property business has navigated the difficult environment.
If you haven't heard the first episode then do go back and listen. (The sound quality is not good but the content of what Jason Tracey from www.bmor.co.uk discusses is brilliant)
In this episode we hear how Jason's company Bmor, a specialist regeneration developer and investor with a €1bn portfolio of complex, mixed-use, regeneration & restoration projects operate.
At heart they are bed specialists in that they focus on;
Housebuilding
Build to Rent
Social Housing
Hotels
Purpose Built Student Accommodation
Caravans
but more importantly the reasoning they use when they jump into each of these sectors.
This one is really a belter of an episode it is both inspirational and full of fantastic tips for any property business.
Thanks again to our sponsors www.978finance.com for making the episode possible. They provide fantastic rates in Bridging & Development loans, commercial mortgages and also Buy to Let products
This episode is also sponsored by Rod & Adam Lawrence's next Property Business Workshop on Joint Ventures and Due Diligence which takes place on 24th April in London. Find out more here https://www.tickettailor.com/events/boardroomclubconsultingltd/1136058
We are also on YouTube and you can watch this episode as well as other on https://www.youtube.com/@rodcastITP don't forget to subscribe
If you enjoyed this episode or any others please write us a review and share with friends. We really appreciate it.

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