Day In The Life of a 21 Year Old Property & Construction Entrepreneur

See a day in my life as a 21 year old property & construction entrepreneur in the UK.
I own a property management and property investment company where we manage HMO properties. we also provide turnkey investment services for HMO Conversions. I also own a construction company which carries out the refurbishment work for these projects.
Social Links:
Instagram: r.ellacott

[@CAR_SOLUTIONS]

Need a back story how you started where it all began and how you gained the knowledge to be where you are today

[@roryellacott6135]

Hi Mate, I left college at 17 and started working saved the money from this and started doing rent to rent. From doing rent to rent I was able to leave my job. As we grew more clients some wanted management services so we started doing this. from doing management we started doing more maintenance. One client was let down by a builder so I managed the refurbishment for them and started a construction company off the back of that. Both continued to grow and with the experience of the management and construction sectors I combined the 2 making our investment service which is what we mainly do now. I'll do a video on this in more detail soon.

[@exerciseisantidote9337]

Who's we ?? Who else gave you a lending hand ?

[@bethaneydunne9682]

im 24 nearly 25 and i find your vidoes inspiring your very talented keep it up 😊😊

[@Akanke07]

Fantastic vision and great projects 👍🏾

[@Philxxxxxx]

Great video, great to see a young lad doing this ! Subscribed 👍

[@roryellacott6135]

Thanks Phil, appreciate it 👍

[@lifeofxp9314]

First time coming across your channel… very insightful video, we’ve subscribed and will 100% be back for more 🙌🏻

[@roryellacott6135]

Thank you.

[@alexcarrproperty]

25 year old lad from stoke here with my own plumbing company, currently renovating my 5th personal property (4 bed en suite hmo). Liking the page so far your journey is similar to mine but I’d love to get into managing whole projects for clients this year. Keep it up 👍🏼

[@edglue6138]

Every tenant is a c u n t You will soon realise

[@alexcarrproperty]

@@edglue6138 most of my tenants are lovely people who always pay on time

[@roryellacott6135]

Cheers mate, if you’re doing projects of your own and have a trade background should be a good starting point to do that. Just get all over social media and networking

[@kurtmalpassbrickwork6255]

Iknow you from somewhere , your that guy the guy with the twitch

[@alexcarrproperty]

@@kurtmalpassbrickwork6255 hey you’re that bricklaying guy I met in Alderley edge 😂

[@bt1804]

It would be good to see you posting every week.

[@roryellacott6135]

I’d love to, but wouldn’t have the time at the moment

[@bt1804]

@@roryellacott6135 Do you have any idea when your next posting will be ?

[@edglue6138]

You would put too many people off being a landlord. Never Ming HMO’s HELL NO

[@edglue6138]

Get involved with housing the folks of the dingies. Very lucrative I hear?

[@hosay299]

@@roryellacott6135 Have staff to post as u will get more poeple which will mean more income and stuff like that as it works better u get a better follwoing too.

[@Ryan-rb3bh]

Where did you build your knowledge with HMO’s / Rent to rents initially? Did you attend any courses?

[@lgarnz4314]

Enjoyed this video alot, currently trying to understand this market a little better whilst i develop my marketing software for construction companys. Can i ask for advice on pain points within your industry?

[@cameronwatson3538]

Pubes on the radiator 🤣

[@russboulton858]

Great video. Clearly smashing it. What program do you use for floor plans?

[@roryellacott6135]

Hi Mate, I use autocad for the floorplans

[@rhysemerson8868]

Mate keep recording, I enjoy the videaos

[@roryellacott6135]

Thanks, will do!

[@chriskaye1997]

Hey Rory, awesome video, appreciate the time you put into this! Are there any groups for property investment for Bournemouth/Poole areas to network?

[@roryellacott6135]

Hi Chris, Yes there is a few send me your number and I can add you to them

[@swamibrahmavadin5234]

Thanks for upload! Would you be down for a coffee any time when you around london?

[@roryellacott6135]

Yes of course send me a message on Instagram

[@swamibrahmavadin5234]

@@roryellacott6135 I did, its leviparadox

[@charukawijesinghe176]

How do you get the HMO licences so easily for a conversation? Most areas restrict them

[@roryellacott6135]

The area we buy in has no article 4 so the change from a C3 to C4 property can be done under permitted development.

[@supercarjude7201]

Awesome video, I'm Currently 17 and have saved around £20,000 during the first year and a half of my apprenticeship, I would like to get into property development when I turn 18. Have you got any advice for a young person getting into property?

[@siani5299]

What industry are u in?

[@roryellacott6135]

Hi Mate, Best thing to do is get started in the industry somehow and get some knowledge. Depending where you’re based will determine how far that cash can go, if you’re down South you’ll struggle to get more than a shed for that money so maybe look to invest in a project or JV with someone and gain experience from that. If you’re up North you should be able to get a property with a bit more saved and just do plenty of DD and jump into a project

[@edglue6138]

Here is my advice. Get yourself a residential property. Meaning house “you’re “ going to live in. One you can add value to. Do that and sell once complete. No tax implications then. Plus you will learn tons

[@aamin6933]

Why do you prefer ensuites in all your HMOs?

[@YoYoZamolo]

Charge more per room I reckon.

[@roryellacott6135]

There’s a few reasons: En-suites are in higher demand than standard rooms. The monthly rent is also higher for these rooms. Also having all en-suites enabled us to get the property valued commercially so when we refinance it’s based off of a yield based valuation rather than bricks and mortar.

[@edglue6138]

I bet the neighbours love the the thought of 6 migrants moving in ? 🤔

[@roryellacott6135]

32% of our tenants work in the health care sector and 12% in it and software. Average earnings is £27,000 pa for these tenants. All these properties are for working professionals

[@doylemcguire1588]

Keep up the awesome work!! You really need *Promosm*!!