Courage, Consistency and Accountability in Deal Packaging

Property Sourcing Profits Podcast

David is looking in detail at some of the obstacles that deal packagers face when they start out and on the journey to success.

There are people who just run and do it and those who go a little bit more slowly as deal packagers and in this episode, David offers great advice on what makes the difference – courage, consistency and accountability.

He shares how to approach the first phone calls and why you have to put yourself out there and be courageous because it’s the human element that others are attracted to and this along with consistency and accountability are what you need to be successful in deal packaging.

KEY TAKEAWAYS

• Courage – you have to put yourself out there and on the line. Picking up the phone, speaking to investors, estate agents and vendors takes courage.
• Ask yourself what is holding you back?
• It’s the human element that people are attracted to so you need to put yourself out there, be courageous and brave.
• Consistency – you are better to do little and often rather than a big push sometimes.
• Allocate time every week to do specific tasks and follow this consistently every week.
• Share what you are doing on social media and post consistently in engaging bite-size posts.
• Accountability – this is what makes it all happen. If you have accountability you will do what you say you are going to do.
• You need to feel under pressure to be accountable and an accountability partner, coach or mentor will help you to meet your targets and achieve the accountability that will make the difference.
• Put yourself out there be courageous, be consistent and get accountability.

BEST MOMENTS

‘There is only one way to get over the fear of picking up the phone and that is to pick up the phone’

‘You have to be on social media and have a presence. if you post consistently people will follow you’

‘The only way you can fail is to give up’

VALUABLE RESOURCES

Property Sourcing Profits Podcast

https://www.progressiveproperty.co.uk/

https://unlimited-success.co.uk/

https://www.facebook.com/groups/progressivepropertycommunity/

ABOUT THE HOST

David is a property expert with over 25 years’ experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004.

In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him, and he enjoys empowering other landlords by sharing the knowledge he has gained.

The ultimate purpose when sourcing properties in this sector for investors is to minimise risk while maximising profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring rents are paid and the transition to Universal Credit. These are strategies he uses in his own business and also on behalf of investors. His investor clients regularly achieve annual gross yields of over 20% with high occupancy rates and voids resolved, sometimes within hours.

CONTACT METHOD

https://www.linkedin.com/in/david-siegler-7b126316/

https://www.facebook.com/DavidSieglerInvestments/