We Can Do the Whole Journey | Howard Lord Talks to Insider
News
Our founder, Howard Lord, recently spoke to Insider Media about the journey behind CERT Property,
Howard and Paul are joined by Paul Nicholson from the Nicolson Group for a deep dive into the day-to-day realities of a professional landlord in today’s shifting property landscape. Nicholson Group acquires unloved, derelict buildings and brings them back to life as efficiently designed modern homes that honour each building’s heritage.
Adapting to the Autumn Budget and Political Shifts
The discussion begins with an analysis of recent government reforms, including increased funding for affordable housing and new support measures for SMEs. Paul and Howard, along with guest Paul, delve into how these changes, along with the Autumn budget and wider property legislation, are reshaping the property landscape.
The recent increase in stamp duty on second homes is expected to have a notable impact on investors, prompting many to reconsider where they allocate their funds. With property prices in northern regions being more affordable, these areas are likely to see a surge in interest, as the additional stamp duty costs for lower-priced properties, such as those around £150,000, are less significant compared to higher-value purchases, like £500,000 homes.
Challenges of Being a Professional Landlord
Paul Nicholson reflects on his transition from property solicitor to successful landlord and developer, shedding light on the realities of professional property management:
- People Management: Managing relationships with tenants, clients, staff, and contractors demands empathy and effective communication to build trust and resolve conflicts.
- Resource Constraints: Attracting and retaining skilled tradespeople remains a pressing issue in today’s competitive market. Paul emphasises the importance of improved vocational training to address these gaps.
- Rising Standards: Paul highlights how reforms like the Rent Reform Bill and the Building Safety Act present an opportunity to elevate industry standards. These changes encourage smaller landlords to consider professional management solutions, which can help them navigate the additional administrative responsibilities and adapt to the evolving property landscape.
To listen to the full podcast episode, head over to Apple podcast or Spotify! You can also watch it here:
