AskShafLive 13 How To Get Blue Chip Tenants For Your Property | Property Investment UK

One of my advisors Graeme Millar, who works for property investment specialists Sheridan Property consultants joins me for an impromptu #askshaflive special. We discuss and answer my viewers questions on commercial real estate, property investment and UK property development
0:00 Start
0:57 How we know each other.
2:32 What do Sheridan Property Consultants do?
3:00 What is an investment property specialist?
3:30 Can you tell us some of the deals you have done?
4:20 Definition of a REIT
5:19 What is your view of the current market?
5:59 Define “Flight to prime” “PRS ”
6:59 Can you explain how you source property for clients?
8:20 What do agents charge for acquiring property?
8:50 Are you doing a lot of work in the value-add property sector?
9:15 What should I do about project Contempo due to the recession?
12:29 How do I get an RCF? (revolving credit facility)
13:20 How do I get blue-chip tenants like Pizza Hut & Costa Coffee?
14:30 CVA’s and why are some landlords accepting reduced rents?
16:01 What is the best / most tax-efficient company structure to invest in commercial property?
16:30 Is the High Street Dead?
18:33 What commercial property would you invest in as a first-time buyer?
19:42 Can you explain the concept of financial covenants when borrowing from a bank?
20:43 My Due Diligence process on commercial property?
23:24 How much money do you need to start in commercial property?
24:24 What my formula for working out how much to spend on a property refurb?
25:24 What is the best strategy to convince a landlord to sell a property I occupy?
27:00 When evaluating a property opportunity, how much profit do you need to make it interesting?
28:38 Why do landlords prefer blue chip tenants over start-ups?
29:40 An example of blue-chip tenant increasing the value of a commercial property.
31:12 Do blue-chip tenants seek outrageous terms from a landlord and what can landlords do?
32:29 What team do I need to have in place to buy a business?
33:00 Are your commercial mortgages interest and what is your long-term plan to pay them off?
35:09 Why don’t we manage and advertise our own properties?
36:40 Can you give me some guidance into how to split my property portfolio into a trading and core portfolio?
40:10 You help other people make money in property why don’t you buy all the deals and make money for yourself?
Link for my interview with Tom Nash: • Video
Link for the first #askshaflive special: • #AskShafLive BMV Pro...
Link for an interview with Paul Dounis: • #AskShafLive Buying Li...
Link for an interview with Adam Pye: • #AskShafLive How Much ...

[@ShafRasulWealth]

Time stamps for this video are in the description. Link for my interview with Tom Nash: kzbin.info/www/bejne/Y5LIlp2qesl7Y7M Link for the first #askshaflive special: kzbin.info/www/bejne/m5m0oo1vjryCfM0 Link for an interview with Paul Dounis: kzbin.info/www/bejne/o4i1gpyQYtaGZpY Link for an interview with Adam Pye: kzbin.info/www/bejne/pYPOpHtvdtWhsJI

[@petekelvin2736]

Your content is disgustingly underrated. You’re the goat 🔥.I don't know who, but someone actually needs to hear this, you've got to stop saving all your money. Venture into investing some, if you really want financial stability

[@petekelvin2736]

Invest globally in bitcoin, gold, silver, forex market, commodities. Just don't be left out and save yourself

[@micheal9186]

Beautifully said, I tell my folks these words everyday. It's good to save money but most people don't understand the market moves and tend to be misled in facts like this and always depend on money in the bank.

[@susanmandy8800]

@@petekelvin2736 Thanks for the insight I remember friends calling me crazy when I started investing in bitcoin now I shut them up with my 4 figure weekly return

[@investwithqueenie5491]

@@petekelvin2736 I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do because i have no idea of how and where to invest in these?

[@assetbuildingwithjoshsmith5145]

Your videos are great Shaf! They really helped me through the lockdown, your honesty and transparency is so refreshing! Thanks Shaf 😊 this is another great video!

[@ShafRasulWealth]

I appreciate that!

[@TomNashTV]

Shaf - another banger! The realest person taking about property. 👊

[@ShafRasulWealth]

Tom Nash Thank you for watching and the support.😉

[@razwanali9662]

Superb video Shaf. Great line of questioning that helps tease out the salient information. Graeme Millar is clearly a very polished expert in his field .

[@ShafRasulWealth]

Razwan Ali Thank you for watching 😉

[@mikeroy9872]

Great video Shaf. A good Chartered Surveyor is worth their weight in gold. Always seek professional advice is my mantra.

[@ShafRasulWealth]

Absolutely

[@dillm1946]

Always refreshing listening to you Shaf and sharing your experience and knowledge in business/property. Thank you and appreciate for your time producing these invaluable videos 👏🏻

[@ShafRasulWealth]

My pleasure!

[@markkeane153]

Another superb #AskShafLive, many thanks to you and Graeme for the opportunity to learn.

[@ShafRasulWealth]

Glad you enjoyed it

[@rossradford7906]

Seriously can’t stress how good your channel is!! Please keep up the great work mate

[@ShafRasulWealth]

Thanks, will do!

[@haynesis]

Every video just gold. Thank you Mr.Rasul

[@jamesmiller4114]

Excellent Video Shaf, Great insight and knowledge - Keep up the great work !

[@ShafRasulWealth]

Much appreciated

[@rebekafiona833]

This video is so so good. Thank you Shaf.

[@akumar7366]

For sure Shaf your videos are to the point, no waffle, always full of golden nuggets.

[@ShafRasulWealth]

Ashok Bhardwaj Thank you for watching 😉 and the feedback

[@Burning_desire22]

Thanks Shaf for answering my question, much appreciated, i could tell from the title that you answered my question from a few weeks ago :).

[@ShafRasulWealth]

Happy to help!

[@Nick-kf2vt]

Great video Shaf. Some really good questions followed by great explanations! Thanks!

[@ShafRasulWealth]

Glad it was helpful!

[@Xyz19781i]

excellent....i love the terminologies (pro) used here.

[@HT-jy7dv]

Shaf, thanks for producing these videos. You gave me the information and inspiration to become a building surveyor! I found my dream job, I'm doing my masters very soon. Thanks Shaf!

[@teamtorridon5937]

Shaf, remember also that we provide early-stage refurbishment cost advice to you and our other clients so they can work out what their returns might be on developments. #CharteredQuantitySurveyors

[@gerardocrolla5894]

Great Video again Shaf!! Graeme provides clear and valuable advice too! Graeme has missed his true vocation as a KZbinr I think!? LOL!

[@ShafRasulWealth]

Well said! he would be a good KZbinr!

[@Greatermans]

Wow Shaf. Thank you so much for all this valuable information. I really appreciate. 10 star ++++++++++

[@ShafRasulWealth]

Glad it was helpful!

[@palvs2522]

Hey Shaf, thanks so much for the great content. I’m just getting into property investing and the only reason I would pay for a mentor is so that I don’t miss out or forget to do any due diligence on the BTLs that I buy. Would you be able to do a video on the due diligence you do on your properties please? E.g insurances you need to buy. Also the people you need to hire to help you make sure you aren’t caught out by anything in your contactual agreements. E.g property solicitors.

[@fififinance7469]

Do keep the uploads coming! 👍

[@iainemslie1129]

Great video Shaf

[@tahir2061]

Shaf thanks this was a very informative video, havent really considered commercial property as I always thought it would be quite a big outlay. Im still gunning to get my first buy to let so long ways to go!

[@ShafRasulWealth]

Glad it was helpful!

[@tobyw3880]

Where have you gone Shaf? Love the videos btw any chance of some more soon. Thanks from a big fan

[@matthewhunty]

Great video well done

[@ShafRasulWealth]

Thanks 👍

[@cleanersgroup744]

Shaf thank you so much, I have greatly benefited from your video, really appreciate your genuine and honest approach. Shaf I would greatly appreciate if you could point out any essential tools to use when doing due diligence ? Any particular software, Websites, apps etc. Thanks Amir

[@sportzpickz]

Hi Shaf, another great video littered with information and useful advice. Do you have any pointers or experiences on how to handle delinquent or non paying tenants for commercial property?

[@lorrainemansfield8830]

Thanks for the advice, made me laugh i never thought i would hear tbh no money from a chartered surveyer! Looking forward to your next video in 4 weeks. I would love going to speak to every single tenant of a parade of shops,. Will landlords that have commercial mortgages now that bought high when a tenant just signed a 10 year lease and can now only pay half the rent because of the covid would the mortgage company look at the LTV Dropping and want the landlord to put more capital into it?

[@lorrainemansfield8830]

Will greggs and costa even get the customers they had if offices around and people working from home continue. If people continue to work from home the culture of lunch and after work drinks will drop. I have £50,000 I want to spend it but at the moment even getting builders to do projects are booked up in my area. Would you wait untill next year?

[@mohlini1]

Hi Shaf. Thank you again for sharing your wisdom. I do have a question on Cloud Kitchen hope you can help. How do you reach out to restaurants or chefs if they are interested to lease your Cloud Kitchen space? Thanks

[@abthetraveller]

Hi Shaf, great video. Will you be doing an AskShaf for residential property too at some point? Would you suggest starting out buying a few BTLs first and then move onto Commercial? What would be the best website to look for commercial deals?

[@ShafRasulWealth]

Yes, definitely

[@The-Chapter]

Hi Shaf, not sure if you are still doing the #askshaflive video series but I have a question regarding the best way to buy a commercial property connected to a residential? My home has an office space below it, the building used to be a bank and bank managers house years ago. I was wondering what the best method of securing finance for the property below?

[@mig-stallion1359]

Hi Shaf. I love your channel. Can you recommend good podcast to keep up with current affairs, business and tech. Many thanks.

[@boblockhart8243]

Shaf good video. I have a wee question for you . We are purchasing our first commercial property which has a new 10 year lease tenant. and the bank has done there valuation and have come back stating a vacant valuation price and will not come up to purchase price can we now re renegotiate price? Or will we have to cought up the outstanding 12% ?most appreciated Bob

[@KennyTelfer]

Shaf, thinking about your first ever property deal, then comparing to your last property deal. Do you think its easier for you now to find and do property deals because you have build up a network of people who know and trust you and also now have the financial freedom to be able to make them happen? What advice could you give to your audience about starting off on their first deal?

[@Tnavel20]

Hı Shaf, I am new to your channel just subscrıbed great Q&A sessıons do have a questıon though: do you need plannıng permıssıon to change the ınterıor layout of your property ı.e. turn a 1 bed flat ınto 2 by addıng an extra room? or a 3 bed house ınto 6 bed house? ıf the flat ıs a share of freehold, would I be able to add the extra bedroom wıthout havıng to obtaın other freeholders permıssıon? Thanks ın advance!

[@nakkoe8161]

What happened bro, no vids in nearly 2 years?

[@matthewhunty]

If you read this comment please add your own this man deserves a wider audience and you could help with that

[@ShafRasulWealth]

matthew de la hunty Thank you for watching 😉 and the suppport

[@gerardocrolla5894]

Shaf, do a different agent every week??

[@ShafRasulWealth]

Gerardo Crolla Thank you for watching 😉 I might struggle to produce videos every week now that I'm back at work but will try and do a couple a month!

[@aadilahmed5904]

Hi Shaf, sent you a message on Linkedin about a commercial deal I'm looking at in Scotland. Hoping you can have a look at it for me please.

[@ShafRasulWealth]

Got it!

[@Catweazle516]

Hi Shaf, do business startups need a profit and loss doc (pnl) to present when looking for investment. Many thanks. Stu

[@murdo20]

Hi Shaf, what if your opinion on using the strategy of purchasing vacant buildings, occupying them with your retail business and then selling them to raise capital to expand your business? Is there some obvious downsides I have not considered?

[@justjohn8949]

V informative. Thanks. You managed to end up with any lemons over time? Property that you struggle to let out? What's your way of dealing with them? Sell up and get what you can? Persist trying to let, even if all you can find is poor covenants?

[@mirzafazlic5339]

Shaf great content as usual. Are you going to be doing any more videos in the future. Also how can you tell if a property mentor/coach is for real. I mean there has to be some genuine ones that are real. I understand about commercial property, however how can I get a blue chip tenant in my property with no experience. Is that possible?

[@gswiftgs23]

How many hits a day on a website for the advertising space to become valuable ? .

[@jamesmiller4114]

Hi Shaf, you mentioned Trophy Assets. Why would you accept much lower returns purely because its a trophy asset. Anticipation of future appreciation ?

[@RR-jj1ee]

Shaf were you gone? Hope you are ok. I am still patiently for the video on completing due diligence when buying a business 🙏

[@lewis211]

Shaf where you at?

[@stonermagicinc.6343]

Million quid idea: Get a more comfy, less squeaky chair for the guest speaker

[@alesiethedon]

Is there anyone who can suggest a good solicitor in London who deals with evictions, especially during covid. #askshaflive

[@michaewelina7983]

Shaf we are missing You!

[@mrdojob]

Another great video Shaf. Out of interest. How do you typically go about formulating a secondary plan B for commercial property?

[@jazg3858]

Shaf could you help me with this... been looking at properties to start my portfolio... i can buy properites for 60k in places like Darlington up North. I am in London but this will allow me to start my portfolio .... would you recommend doing this or shall I save up for property's closer to home

[@billy12333]

Although I'm not Shaf, I would personally wait until Q1 in 2021 to buy property. I live in the North East and the house prices at the moment are very high so not good for ROI's. As soon as the price drops I would definitely invest up North, you could probably buy, refurbish and refinance 5 properties with £100k whereas London you'd probably need £50-100k for 1 property.

[@fayahmad9063]

billybartell hi man I’ve just started my journey would it be possible to discuss further? I’m looking for a mentor especially in brrr

[@graemeh2028]

Hi Shaf Enjoy your vids. Are you doing a video about Samuel Leeds stalking/harassment of Vanessa Warrick or does Police investigation of Leeds cause problems with this?

[@saqirashid8170]

Shaf hope your back soon

[@meiyinglin6742]

Hi Shaf, I found there are no more videos

[@user-ph5vx7wv8q]

Thanks for watching and commenting don’t forget to hit the subscribe button for more head way into crypto consultation text my broker on TELE GRAM at sylviatrades

[@mrgee5752]

Samuel Leeds response?

[@ShafRasulWealth]

mr gee Thank you for the heads up 👍🏼👍🏼👍🏼

[@gswiftgs23]

Not big enough to play this game atm lol My ecommerce taking off, sold 130 items today on ebay alone only just getting warmed up, is a £175k a year turnover part time business so soon . Working on my own range of modern contemporary and inframe exclusive bathroom furniture ..

[@ShafRasulWealth]

Avalanche Thank you for the feedback and well done with the e-commerce

[@gswiftgs23]

@@ShafRasulWealth Thanks lockdown seems to have been a kick up the ass for me . My ecommerce converting approx 1 in 5 views to a sale . Need to work on the 80% that are missing something

[@OraEtLabora0]

16:04 never released :(

[@DavidSmith-hj1eq]

Shaf Where are you?

[@AAA19999]

Is commercial property investing a good idea with the decline in the high street, restaurants, etc brought on by COVID 19 ?

[@jeewizz8646]

Shaf why have u gone quiet about leeds, im in so much debt because of him

[@carlfielding2082]

👍

[@ShafRasulWealth]

Carl Fielding Thanks-for your continued support. Its very much appreciated,

[@mollymoreton]

I need to get out of my business, it's become too big and I've lost my passion amongst dealing with staff!

[@gswiftgs23]

Converting 1 in 7 views to a sale online . Hospitality companies through to individuals , given the limitations of the product is not suitable for every situation , 1 in 7 is not to bad ? Im usually happy to work just 12 weeks a year , this time was important to be in front of the news . I only acted due to failures of least of all our own government

[@freddyflint3889]

We're you disappeared to shaf

[@azr6767]

Hi Shaf, can you PLEASE explain the basic concepts of “pulling money out” of a property or “refinancing” or “remortgaging “ please? Can you pretend you are explaining it to a 5 year old please!!!

[@mrsupershaf]

Shaf.... come back when are you uploading a new video?

[@fiveorless]

It has been 9 months

[@SK-gk8jw]

Shaf you in witness protection?

[@saqirashid8170]

Shaf when you back ?

[@Ciaran_Murr]

Are you no longer making videos shaf?

[@dreamer6345]

Good content, could do with a better mic very echoey 👍

[@ShafRasulWealth]

Thanks for the tip

[@rickp2293]

Where did this don go

[@louisemagill8295]

Where is Shaf?

[@peanutsauce2923]

Were u gone

[@londonviahongkong]

You really need some production assistance with these videos. The camera set ups, animations, editing etc are miles below the quality of content you're capturing. It's a shame. I run a business and work for a non-profit, so my diary's pretty rammed, but I live about 5 minutes from your office, and would be happy to show you how to improve production quality. I used to produce and direct video content. Worked in various capacities on numerous films from zero budget to +$100M. Take care

[@GrantSignorini]

Hi Shaf, here's the video where I discuss my lessons learned from buying on John Pye auctions with a view to selling those products for a profit kzbin.info/www/bejne/r4OWf6GmqJurd9E

[@ShafRasulWealth]

Grant Signorini Thank you for the link