When you look at your income as a whole how and what should you be allocating where? Shaz explains how to start tracking and distributing your income in the right way to make a positive difference in your life. If you follow his advice and make a start on budgeting you will find it quickly becomes a positive habit in your life. KEY TAKEAWAYS 60% of your income will go towards your monthly expenditure including around 30% on your mortgage or rent. 10%. Must go to capital appreciating assets – you...
Feb 11, 2021•6 min•Ep. 72
Shaz explains exactly how to build a power team for your property business and shares great advice based on his own experiences. Getting the support of a good power team will mean you can create a strong property business that is scalable and save yourself time and money. You need a power team with the right people and not finding the right team can make everything much more challenging but a good team will make all the difference for you and your property business moving forward. KEY TAKEAWAYS ...
Feb 09, 2021•6 min•Ep. 71
Should you invest in a mentor or coach? This is frequently discussed and in this episode Shaz shares some great reasons as to how a mentor or coach can make a positive difference to your business. From bringing accountability and challenge to resources and access their connections a mentor or coach can help you get where you want to be and achieve your goals faster. KEY TAKEAWAYS Having a fresh pair of eyes can make all the difference, seeing things you can’t see because you are very involved. S...
Feb 04, 2021•7 min•Ep. 70
One of the most common questions asked by those starting out in property is ‘ I don’t have the funds how can I buy property?’ Shaz answers the question and explains exactly how anyone starting out can buy property without using any of their own money. Follow Shaz’ advice and you will be able to focus on spending your time finding good deals and building your property business. KEY TAKEAWAYS Spend time finding a good deal with the right property You can look for a joint venture partner to fund th...
Feb 02, 2021•10 min•Ep. 69
Shaz reviews the variety of ways you can invest in yourself to further your knowledge and understanding from reading regularly through to being part of Mastermind Groups. Many people underestimate the importance and impact of personal development on the journey to a successful business but the more progressive thinking you are the more valuable you will be to your customers and clients. So, get started by blocking out time regularly for personal development and follow some of Shaz’ great tips on...
Jan 28, 2021•13 min•Ep. 68
Deciding on your goldmine area, the place you want to focus your attention on for property development is key and there are a range of factors to take into account. Shaz shares what you should consider whilst always understanding that ultimately it’s all about whether the deal works for you and the end value and appeal to others. To refurbish or redevelop a property as a property developer means you need to also find the right contractors to work with, building a team that you are happy to work ...
Jan 26, 2021•10 min•Ep. 67
Shaz looks at the question of how to set aside funds to pay yourself first and how to create a sub-account that can be used to fund repairs on your property portfolio. Paying yourself first at a commercial rate is vital but it’s something people struggle to get right as business owners but if you don’t value yourself who else will value you? KEY TAKEAWAYS It’s extremely important to pay yourself a commercial rate as quickly as possible If you don’t value yourself who else will value you? Pay you...
Jan 21, 2021•7 min•Ep. 66
If you are thinking about getting started then this is an episode for you. Shaz explains his favourite strategy – no money down along with tips about what you need to look out for when you are starting out in the property business with your first developments. There are a range of ways to finance a project from using a bridging company through to working with a joint venture partner – it’s just about finding what’s right for you. KEY TAKEAWAYS Don’t underestimate the cost, this is often an issue...
Jan 19, 2021•12 min•Ep. 65
Many people are fixated on the idea that the only way to grow their business is through attracting more customers but there are many other things you can do and Shaz shares why and how you can use all of them to grow successfully. Retaining your existing customers is key because it’s far more cost-effective than the marketing required to secure new customers and Shaz explains exactly what you should be doing to increase revenue. KEY TAKEAWAYS Review your prices and make sure there is a good marg...
Jan 14, 2021•8 min•Ep. 64
In this new series Shaz covers everything you need to know about starting a property portfolio and begins in this episode with looking at - Should you buy and hold or buy, refurbish and sell? Along with great advice and tips about whether the business should be in your own name or you should create a limited company. Property is a tried and tested way of achieving extra income and there are lots of different strategies but the buy and hold and buy, refurbish and sell are two of the most easily a...
Jan 12, 2021•16 min•Ep. 63
Money mindset is key in your money management and we live in a world where how we view money is in part determined by how we are brought up. Often the perception can be that money is bad and that those who have it are also bad but in reality money just exaggerates who you are. To attract money into your life its vital to have good processes in place, act with speed and give money away to good causes and the things that are important to you and Shaz explains exactly how to get the money mindset t...
Jan 07, 2021•12 min•Ep. 62
To be successful Its exceptionally important to have multiple streams of income. If you only have one key employee, one key customer or one way of generating leads then the impact will be high if you don’t have them. As a business owner, you need to focus on working to have more than one stream of income so you can use your first business to fund your lifestyle and the additional businesses to invest and generate income to grow further. KEY TAKEAWAYS Most business owners only have one source of ...
Jan 05, 2021•9 min•Ep. 61
It can be easy to only look at one aspect positive or negative of incorporation but you need to review all of the financial implications before you make a decision and Shaz shares some of the pros and cons of incorporating a property portfolio. This episode provides a great overview of what you need to be looking at and reviewing before you make a decision, so it’s a must-listen for anyone thinking about whether to incorporate or not. KEY TAKEAWAYS Make sure you can demonstrate you have a busine...
Dec 29, 2020•8 min•Ep. 60
Shaz shares great advice about the importance of having a sub-account where you regularly deposit money that is for taxes. If you want to make sure you have the money you need for taxes in your business then ring-fencing it in a sub-account is the best way to achieve this. KEY TAKEAWAYS It’s very important to have a sub-account for taxes. Whenever you have money coming in, put aside the money for taxes. There is VAT to pay and corporation tax if you are a limited company. If you employ people yo...
Dec 22, 2020•10 min•Ep. 59
Shaz goes through the questions anyone should be asking when they are considering incorporation. It can be the right thing but you must go through all the steps to make sure it’s the right thing and the right time for you. There are several aspects to consider including whether you have fixed rates, appreciation in value and equity along with whether setting up a trust is the right way forward in this informative episode. KEY TAKEAWAYS Go through all the steps to make sure it’s the right thing f...
Dec 17, 2020•10 min•Ep. 58
Shaz looks at why debt is a part of most people’s lives and the actions you can take to get out of debt along with the options available if you can’t. If you take the time to effectively manage your debts you can lower the amount of interest you need to pay and shorten the length of repayment. Budgeting is a key part of building a successful personal and business life and if you focus on effective budgeting you will be able to remain out of debt. KEY TAKEAWAYS A mortgage is a debt but if you pay...
Dec 15, 2020•12 min•Ep. 57
Shaz looks at how you can create an avatar of your ideal customer so you can effectively direct your messages and bring the customers you want to you. It can take time and effort to work out the demographics and psychographics of your ideal customer but if you take the time it can move your business forward because you will know what the challenges and problems are for your customer and how you can help solve them. KEY TAKEAWAYS If you try and target everyone as your customer or client you will ...
Dec 10, 2020•7 min•Ep. 56
Shaz looks at the different ways you can save money as part of the overall strategy anyone should have in place for money management. Savings is about the income you derive from it and the capital appreciation and savings can be in various different forms such as an ISA, bonds, real estate or property. This is a concise and informative overview with useful information for anyone considering the best way to save. KEY TAKEAWAYS With an ISA money can only be added each tax year but there is a limit...
Dec 08, 2020•19 min•Ep. 55
Do you know the numbers in your business? Shaz shares the numbers that any successful business tracks weekly to ensure they know exactly what’s going on and can adapt and respond to make sure they are always moving forward to achieve their goals. Many businesses don’t know about what their numbers are but it is the key element that separates those who are successful with those who are not, listen in to hear exactly what you should be tracking to achieve the success you want. KEY TAKEAWAYS Track ...
Dec 03, 2020•6 min•Ep. 54
In this episode, Shaz shares great tips on how to build your credit rating and makes it clear what affects and impacts on your credit score and your potential to get credit. He explains how you can build your credit rating and become financially successful if you understand what to do. In a world where credit surrounds us along with constant marketing about the importance of having everything now, it’s important to live within your means and fully understand the impact of your credit rating and ...
Dec 01, 2020•15 min•Ep. 53
In this content-packed episode, Shaz explains what everyone should know before they start a commercial conversion. Lots of people miss out capital allowances because they don’t know what they can claim so it’s vital you seek the advice of an expert tax specialist so that you know exactly what you can claim in capital allowances. Commercial conversions can be a great area to get into as a property developer and Shaz shares great advice and tips about how to get the best out any project by startin...
Nov 26, 2020•8 min•Ep. 52
Shaz begins a new and invaluable series this week with the first episode in money management, getting to grips with budgeting and making it part of your life as a good habit. Most people don’t like talking about money, have hang-ups or issues around money but you need to become a student of money because it’s only when you understand it that you can make it work for you. Many people live their lives without a budget not knowing what they are spending every month but budgeting enables you to have...
Nov 24, 2020•22 min•Ep. 51
In this, in-depth episode Shaz looks at what makes a business successful and what you should look for and do if you are starting or buying a business. It is a fact that being trained and holding qualifications in a particular area doesn’t make you the right person to run a business in that sector but all businesses have shared elements and if you understand what these are, what your values are and how to build the right team then you can be the person who is running multiple successful businesse...
Nov 17, 2020•1 hr 22 min•Ep. 50
In this episode, Shaz answers the question every individual and business owner wants to know the answer to ‘What leads to a tax enquiry?’ HMRC haven’t ever made it clear and say it’s a random selection process but that’s not the way they do things and the majority of tax enquiries are initiated because of numbers and patterns not adding up. Shaz explains exactly what triggers an enquiry and shares great information on what to do if you are involved in a tax enquiry because you don’t have to give...
Nov 10, 2020•17 min•Ep. 49
Shaz talks all things tax relief in this online presentation. He shares how he has made savings himself with examples from his own property development projects and answers questions about the best ways to purchase property either solo, with a partner or in a limited partnership. The questions are wide-ranging and Shaz includes great advice on how to save tax and claim tax relief if you are a business owner. It can be very easy for people to miss out on tax relief simply because they don’t know ...
Nov 03, 2020•27 min•Ep. 48
Shaz talks though a range of his current projects and the varying ways he is making savings and claiming tax relief. He also explains the most common areas of tax relief that are missed by businesses from getting the company structure right through to purchasing an electric car and land remediation relief if you find Japanese knotweed and asbestos. These great tax advice takeaways will help any business owner to start asking the questions that can make tax savings. KEY TAKEAWAYS Consider the bes...
Oct 27, 2020•22 min•Ep. 47
In this third episode in the mini-series looking at the question everyone is asking; ‘Is the property market going to crash?’ Shaz reviews the economic cycle and what has happened previously when the market has crashed, sharing not only the facts but his expert opinion based on the information and data available. This is a great opportunity to not only hear the key facts in one place but also the views of someone with considerable experience and expertise in the property market. KEY TAKEAWAYS In...
Oct 19, 2020•11 min•Ep. 45
In this second episode in the mini-series looking at the question everyone is asking; ‘Is the property market going to crash?’ Shaz reviews what’s happening currently with the rental market looking at supply and demand and sharing not only the facts but his expert opinion based on the information and data available. This is a great opportunity to not only hear the key facts in one place but also the views of someone with considerable experience and expertise in the property market. KEY TAKEAWAYS...
Oct 19, 2020•8 min•Ep. 44
In this fourth episode in the mini-series looking at the question everyone is asking; ‘Is the property market going to crash?’ Shaz reviews why the economists think a downturn is possible, sharing not only the facts but his expert opinion based on the information and data available. This is a great opportunity to not only hear the key facts in one place but also the views of someone with considerable experience and expertise in the property market. KEY TAKEAWAYS The economic cycle is around 18 y...
Oct 19, 2020•16 min•Ep. 46
In this first episode in the mini-series looking at the question everyone is asking; ‘Is the property market going to crash?’ Shaz reviews where we are at currently, at this moment in time, sharing not only the facts but his expert opinion based on the information and data available. This is a great opportunity to not only hear the key facts in one place but also the views of someone with considerable experience and expertise in the property market. KEY TAKEAWAYS According to the Nationwide ‘hou...
Oct 19, 2020•14 min•Ep. 43
