Rachael Trouton recently invited us back on her property podcast to discuss our business, Nichol Smith Investments.
This episode discusses how we’ve grown and scaled our business from managing one property at a time to managing several simultaneously and having a pipeline of projects across the HMO, single-let, and flip business models.
What you will learn in this episode:
-Why strategy is critical for success in property investing and development
-How to adapt to market volatility with diversified strategies
-The importance of financial management for scaling up a property business
-How to create enjoyable and mutually beneficial relationships with investors
-What it means to define your avatar and how to find the right investors for your business
-How rapid changes in government legislation can impact your business
-The importance of building a reliable tradespeople team
-How to transition to a hands-off role and focus on high-value tasks for business growth
-Strategic use of social media to build social proof and visibility in the industry
-How to balance work and time off in a family business to maintain a healthy lifestyle
Rachael Trouton recently invited us to be a guest on her property podcast to talk about our business, Nichol Smith Investments.
This episode discusses our experience dealing with properties in Edinburgh, the most expensive city in Scotland.
What you will learn in this episode:
– Our view on flipping properties in Edinburgh
– What our working principle is when considering market value
– What niche we target, and how we make it work
– The importance of sticking to a plan and seizing every opportunity to deal property
We also discuss how no property is above dealing, as long as you’re willing to go the extra mile to make it work. We also talk about how you can thrive in an area that others won’t consider by keeping track of your progress and using your skills.