What makes a UK Property Sourcing Company, good?
Anyone can source a deal as Property Sourcing Agents in UK, technically speaking it is easy. You just need to find a property, get an offer accepted and pass it on to someone who would want it.
Legislation and to be regulated may also seem easy. It takes no more than £1,500 to set up a limited company, register yourself with an Ombudsman plus other regulatory bodies to follow their procedures, put an indemnity insurance in place, and technically that’s it, you are ready to go as among the new Property Sourcing Agent and companies.
This idea and way of thinking is growing even more than ever since creating a UK Property Sourcing Company and it seems to me to have become a rather fashionable new way of property training. With a lot of new people coming out from just a few days training or videos with a sourcing business setup and ready to go. This is not to discredit those new UK Property Sourcers who have the ethics and the professional capabilities to thrive in their business and truly help investors grow their portfolio. Some ‘newbies’ are awesome in how they run their businesses!
Having been in the sourcing business for over 8 years however, I have seen various types. I do also understand that it is not only ‘finding a property’ what clients pay me for instance. After all, if property was easy, or a ‘getting rich quick scheme’, then probably Property Sourcers would not be needed that much.
Property Sourcing Agents UK
Question about sourcing No.1: Have you ever seen a ‘deal’, on a sourcing platform or group, that it seems to be just the perfect one and as soon as you enquire, you receive a reply somewhere along the lines of ‘sorry this deal has already been taken’ and instantly got invited to join a mailing list and eventually been sent another property in return not as ‘juicy’, as the previous one you initially were drawn to at-casinos.com?
Question about sourcing No.2: Have you ever been presented a ‘deal’, on a platform or group, which did not turn out (like…at all), in the way it was put forward to you initially?
Reality check about sourcing No.1: Let’s be clear…sh*t happens. It’s life, and property is no exception. Even the most experienced and best property sourcing companies have gone through this experience. It is an absolute fact that property deals sometimes do not turn out as we expected. That happened in some of my own purchases too, and surely it happened to others. It is part of being an investor.
Selling sh*t however is different story…
Reality check about sourcing No.2: Any ‘deal’ can look great on a spreadsheet. However, the reality in a competitive market is not as black and white. Risk assessment, exits, and rentability (regardless the rental yield), is paramount.
I often find myself rather ‘putting off’ some clients from some properties. Having said that, it is for that same very reason why what we expect to happen on the ones we move forward is very much what happens in reality. The best places to invest in property uk really depends on what you are looking for.
If you want a to look at a realistic figure in terms of good rental yields and about our property sourcing services in Stoke-on-Trent, Newcastle-under-Lyme and Crewe, please do contact us. Whether you live locally or are an overseas property investor interested to know more.
Please do bear in mind: the deal will not LOOK awesome 🙂
Rico Pieroni
Treasure Tower Property Consultants
UK Property Sourcing Company | HMO Student Accommodation Stoke on Trent | Property Consultants | Contact Treasure Tower |
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Rico Pieroni
Treasure Tower Director | Sourcing Agent | Property Investor | Entrepreneur
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Treasure Tower Property Consultants is a UK Property Sourcing Company formed by experienced property sourcing agents in stoke on trent, Crewe and London. We help investors grow their investment properties portfolio since 2012.
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While trying to keep clients updated and provide valuable content, it is important however that you seek independent advise about everything you do. Treasure Tower Ltd and Rico Pieroni do not offer investment advice on the merits or sustainability of products and no information contained within this website or presentations should be construed as such. Examples are for information purposes only and must not be treated as advice or recommendation. Should you wish to seek advice, please contact an Independent Financial Adviser.