Adaero Property

Week two of the year kicked off with a bang, here’s a quick summary.

Chris and I spent Monday manically sourcing SA options for a potential opportunity to accommodate a group of contractors in our local area.

I then had two days in Sheffield for my monthly meeting with the Development Discovery mentors Alan, Pauline and Aidan. Big thanks to guest speaker, Accountant Phil Dawson, who gave us a sobering summary of all the tax implications for landlords. Did you know that in a year’s time all landlords will be required to submit a quarterly return to HMRC outlining all rents and costs for each property? Read more here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/484668/making-tax-digital.pdf

We have a site secured to develop 11 luxury apartments in Devon and are in discussions with a potential JV investor for funding, fingers crossed.

Thanks to Mike and Jamie for having us at the Derby PPN this week where Pauline and Alan gave an overview of targeted commercial development. Great to meet some fellow investors and really enjoyed hearing George Gannon’s impressive journey using the commercial conversion strategy.

The week finished off with viewing commercial conversion and SA opportunities in Fife and then the Scottish Borders.

P.S.

I mentioned previously that systemisation is a key part of our 2017 theme, with that in mind, I’m reading Michael Gerbers latest book called Beyond the E Myth http://www.beyondemyth.com/

During the Christmas break we listened to the Progressive Property podcast # 9 and have made the commitment to take action on Mark I’Anson’s advice and publish a little ‘weekly paragraph’. In part to share our learns and experiences so that we might be able to pass on value to others on their property journey, part to make ourselves known to those who may wish to collaborate with us at some point down the line, and part to keep ourselves accountable to our growth activities.

In this first post I thought the logical place to start would be to mention our end of year review and planning process. I personally love the down time between Christmas and New Year, and the early days of January (I say downtime but Chris and I both have energetic young families – he has three girls and I have three boys 🙂 ). In amongst the family time, we invest a good deal of hours over this period to go through a comprehensive end of year wrap up and planning session that follows along this outline:

• Intelligent reflection
• Vision
• Goals and implementation plan

(If you haven’t already gone through a process like this I have a template I’m happy for you to use, just PM me for a copy).

For those who we haven’t met at Progressive events, my business partner Chris Dornan and I have a small but growing SA business which we intend to scale this year alongside generating complimentary/additional revenue streams through commercial conversion, new build development and flips. Our overall theme for 2017 is exponential growth, strategic partnerships and systems.

We are part of the Scottish Progressive VIP Community and are excited about taking action on our goals under the mentorship of Paul & Aniko Smith.

Follow our posts on our facebook page, or ignore as you wish. For those with whom we resonate, we hope that the posts to come provide value or interest along the way.

Wishing you all a 2017 of good health, growth and fun.