Caroline Claydon and Sarah Blaney discuss various questions and topics related to property investment and management, covering issues such as handling auctions, dealing with severe down valuations from lenders, valuing HMOs, regulations in the serviced accommodation market, and window furnishings for rental properties. Caroline also shares updates on her upcoming co-working space projects and the challenges of securing financing for unique ventures. KEY TAKEAWAYS When participating in auctions, it is important to have the necessary deposit money ready for each lot you bid on. If you lose the bid, the money will be redeposited back into your account. If you experience a severe down valuation from a lender, contesting it may not be successful. It is often more effective to start a new finance process with a different lender that uses a different surveyor. Valuing an HMO can vary depending on location, lender, and other factors. It is important to consult with other landlords in the area and work closely with your broker to understand the valuation process. When dealing with a property that has a strong odour, using bicarbonate of soda and vinegar can help remove the smell BEST MOMENTS "There are enough deals to be had under normal buying conditions where you don't need to have those deposits sat there." "I think take a step back and make sure that you're really talking to your broker. Try a couple of different brokers." "I think people often ask when it's your first one and you don't have a recipe of what you did last time." "I think it's just being a little bit more flexible, I guess. And that's one thing about being a small operator." VALUABLE RESOURCES This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591 Property Wealth System YouTube - https://www.youtube.com/c/PropertyWealthSystem ABOUT THE SHOW This Property Life is hosted by the team at Property Wealth System. We are a collective of experienced active investors passionate about all things property. Caroline Claydon Caroline Claydon has over 22 years experience in investing in property but it’s only the last 12 years she’s operated as a professional investor. Her and her husband have built their portfolio throughout the UK covering strategies from buy to let’s, social housing, HMOs, developments and more recently a hotel. She has travelled the world training people for the last 10 years on how to invest, scale and accelerate their UK property businesses regardless of where they are based. Caroline loves helping people reach their full potential by changing their mindsets to money, debt, property and investing. James D’Souza started investing in property from a young age and now owns a significant portfolio of buy-to-let properties, professional HMO’s and commercial developments. Whilst actively growing his own property business, James helps countless other people start and scale their own property journey. CONTACT METHOD You can join Caroline and James along with a whole host of other like-minded investors in the Property Wealth System Facebook Community: https://www.facebook.com/groups/propertywealthcommunity Caroline Email: [email protected] Caroline Linkedin: https://www.linkedin.com/in/caroline-claydon-property/ James Email: [email protected] James Linkedin: https://www.linkedin.com/in/james-d-souza-552342104/ Hosted on Acast. See acast.com/privacy for more information.

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