Listen to this episode below:
Today we’re speaking to Ian and Lynsey, the brother and sister team behind family business Estuary Living. After relocating from Scotland to Essex, they joined forces with their father and began a successful property career focussing on high end HMOs and Serviced Accommodation.
During the interview we get a chance to look behind the scenes at some of their biggest successes and struggles, and get some tips on running a successful business with members of your family.
Here’s a sneak peek at what discussed this time:
[5:55] The benefits and challenges of working in a family business.
[11:12] “Systems run the business, people run the systems, you run the people.”
[15:40] Becoming an accidental landlord.
[22:37] Using social media to raise finance and meet joint venture partners.
[28:47] When deals don’t always go to plan and you need to play the long game.
[40:46] Creating properties that they would live in themselves.
[45:34] The 80/20 principle and squeezing the asset base.
Show Sponsors
Optimise Accountants are highly regarded UK property tax specialists, helping hundreds of property investors save thousands of pounds in income tax, VAT and SDLT. To find out more about how they can help take care of your tax and accounting needs, visit them at OptimiseAccountants.co.uk and schedule a free call to understand how they can help you.
Links Mentioned
Estuary Living – www.estuary-living.co.uk
Ian on Instagram – @ianmcbainproperty
Lynsey on Instagram – @the_property_girl_essex
Landlord Furniture – www.landlordfurnitureco.co.uk