What when they do not renew the lease, how long on average to replace the tenant
@bouwah8511 ай бұрын
I own a few commercial properties for the last 10 years and yes, it’s exactly what Paul is telling everyone. It’s that simple, pure income stream. However, I did deliberately bought a retail knowing the lease is ending 8 months time(break) or in 2.5 years time. Because of this it was sooo cheap like 1/3 of the price previously sold. Unfortunately the tenant did exercise their Option to Break, got me worried as it was void for about 6months and now a new tenant has just signed a 15 year lease with us. It has now valued 3 times the price I originally paid for. Boom! Wish I’m a natural speaker like Paul and able to teach people too 🙃🤟
@chrisanstis10 ай бұрын
How do you budget on the cash out and the rent payment, on future problems which may arise Also how do you work out how much you take out to live on
@libraryofregis1555 Жыл бұрын
Where is the link to the course? Not in the description
@Cappaghgrove Жыл бұрын
Paul...could you explain investment yield? Also, when you let comm prop would you advise using the equivalent of a letting agent as you would with BTL ?
@PaulSmithTouchstoneEducation Жыл бұрын
I use a commercial surveyor (letting agent equivalent in your words). Investment yield is appraised by a commercial surveyor to determine valuation. Essentially it is the yield an investor would accept on their money for the income stream from the deal. So if a great tenant with a long, strong lease then a relatively low number (maybe 5%). Low investment yield means safer bet therefore prepared to accept lower yield. Conversely a business set up yesterday with no track record = much higher risk = higher investment yield. Hope this helps.
@Cappaghgrove Жыл бұрын
@PaulSmithTouchstoneEducation Thanks Paul...sorry to be a pest... So the surveyor carries out the initial valuation? And does he then stay in place on a monthly basis to collect rents and liase between the landlord and tenant as a letting agent would in residential? Is the yield calculated as rental income as a percentage of purchase price?
@PaulSmithTouchstoneEducation Жыл бұрын
@@Cappaghgrove commercial surveyor can do valuation or full management service. If you just want management you can use a commercial agent (or of course do it yourself). value = rent divided by investment yield as a percentage. Hope this helps?
@Antique_Glass_Collector Жыл бұрын
I paid the postage for this book and never received it, my question is will you send me out another book or are you just a scam?
@steviestevie9762 Жыл бұрын
Same thing happened to me with a SA book. After chasing them for it for 6 months they finally refunded the princely sum of £2.99. I didnt want the refund but it was clear that they could not get the book to me how ever much they promised to.....;.Very weird.
@PaulSmithTouchstoneEducation Жыл бұрын
Hi ... thanks for your interest in one of our books.. which one did you order and I will ask another to be sent to you? We send hundreds of books every day and sometimes people use the wrong address (one guy was a student, he was at Uni, used his home address, was complaining a lot, when term finished he went back to his parents house and found 6 copies of the book waiting for him that we kept resending due to his complaints.) Sometimes the delivery service fails us. We used to use the Royal Mail, they managed to lose a few percent of the deliveries. We now use a parcel carrier. We know they are not perfect either. Sometimes people get the book then complain anyway. Some people like trying to damage a companies reputation and complain even though they never ordered a book. I am not saying any of these things apply to you. Under this video there is an offer for a free online wealth appraisal, not a book. To do the wealth appraisal, just click on the link and it is all online. Please advise which book you ordered and we of course also need your postal address, plus your contact details. To avoid you having to leave this information in the public domain simply email us using office@touchstonewealth.li
@PaulSmithTouchstoneEducation Жыл бұрын
@@steviestevie9762 we ship hundreds of books every day. If you would still like one simply email office@touchstonewealth.li and snag your comment in the email plus of course we need your delivery details please.
@chrisanstis Жыл бұрын
How does the money when doing commercial, end up in the sass in the pension
@PaulSmithTouchstoneEducation Жыл бұрын
the income from the properties goes straight into the SSAS tax free... enjoy!
@eliteeducation1816 Жыл бұрын
It is not stress free at all. I have a portfolio of commercial units and when things go wrong, they really do go wrong! tenants can close down and disappear. Had to incur costs initiating CRAR, forfeitures, change locks, torts notice, security etc. Also responsible for utilities during vacant period and business rates if empty more than 2/3 months. Time taken to relet is also much longer than residential. High streets are struggling now and therefore more commercial tenants will close shop.
@PaulSmithTouchstoneEducation Жыл бұрын
Is all your commercial property high street retail? I educate people to invest in "amazon proof" commercial. ie If amazon (online generally) is a threat I would not want them as a tenant. I love industrial, distribution, fast food, and numerous other sectors. I always like a "plan B" ie commercial conversion under PD etc. I know any strategy can be hard unless it is well executed based on sound insights. The methods I share are stress free. For business rates you might want to google "Monk case business rates" I also have three other ways to manage rates liabilities. Good luck and sorry you have had stress.
@eliteeducation1816 Жыл бұрын
@@PaulSmithTouchstoneEducation we had amazon proof shops including cafes, restaurants and barbershop shops closed down but I understand your learned comment. Thank you
@PaulSmithTouchstoneEducation Жыл бұрын
@@eliteeducation1816 sorry to hear... good luck. Did you look at the Monk case?
@johnporcella2375 Жыл бұрын
Do you run courses in commercial investment at a deeper level than the two-day AWP course?
@PaulSmithTouchstoneEducation Жыл бұрын
Of course... Commercial Portfolio Builder (pure commercial) and Commercial Conversion (typically commercial to residential). Online, on demand. 2 to 3 days each.
@johnporcella2375 Жыл бұрын
@@PaulSmithTouchstoneEducation Thank you so very much!