WEEK #10: MORE TIPS ON SA FROM RECENT TALKS

I’ve got some great notes collecting in my notebook from recent presentations/talks I’ve been at so this week I thought I’d share them.

Up first..

10 TIPS ON GETTING R2R SA DEALS (courtesy of Scott Weir)

Thanks again to Scott for the talk you gave at Edinburgh PPN a couple of weeks ago and sharing great insights from your experience.

Clearly, for all the juicy details you had to be there, but for those who couldn’t here’s a quick summary of Scott’s top tips to set you on the right track.

5 tips for approaching letting agents:

1.     Approach the right type of agent
2.     Try to always speak to the owner direct
3.     Offer Letting Agents the right incentives
4.     Ensure the deal is WIN-WIN-WIN
5.     Ask the letting agent for tenant find only properties

5 tips for approaching Landlords

1.     Find the Landlords pain or pleasure point
2.     Keep it very simple when pitching
3.     Make the deal irresistible
4.     Be 100% open and honest with them
5.     Consider looking for something different (i.e. things that aren’t renting might be good for SA)

For more on how Scott and his SA management company might be able to help you find R2R deals in the West of Scotland, you can look them up on http://www.pillowpartners.co.uk/ info@pillowpartners.co.uk

TIPS FROM RICHARD’S TALK AT VIP

The next set of tips are courtesy of Richard McGuire, thanks for sharing your experience and this week’s Scottish VIP

Here are a few nuggets I scribbled quickly whilst listening:

• Be open and honest with landlords.
• Don’t underestimate or misjudge anyone i.e. any landlord you speak to might just have a whole portfolio of properties they are willing to work with you on once the trust is there
• Treat each property like a competition i.e. challenge yourself to think, “how could I do better on the next one?” Then take the required action.
• DO invite landlords and agents back to the property once you have set it up for guests, this will get more buy in and likely lead to more properties.
• In terms to graduating up to blocks of flats, seek out private developers by simply walking the streets and starting conversations and/or look at your local planning portal for approved new build blocks. Remember, it makes new apartments more saleable to investors if they come with a guaranteed let.

Why not share some more great tips on SA for others here too.