The PBK Podcast The Property By Kazy Podcast EP16 l Is Planning Gain The Rent 2 Rent of Property Development?
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May 12, 2022 Explore the intriguing concept of planning gain in property development, revealing how it can increase land value without construction. Dive into the essential strategies for securing deals and navigating planning costs that can reach around £25,000. Discover the dual role of social media as a marketing powerhouse and a networking tool in the industry. Learn about the importance of communication and negotiation skills, and how mentorship can guide aspiring developers toward success in real estate.
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Estate Agent Fees
- Estate agent fees are decreasing, making it harder to maintain profit margins.
- Jerome questions the viability of low fees after accounting for all business expenses.
Early Estate Agency
- Jerome opened his own estate agency at 24, without formal training.
- He relied on old-school methods, distributing flyers, and utilizing email in a pre-smartphone era.
Communication Struggles
- Jerome observes that younger people can sometimes struggle with verbal communication, especially on the telephone.
- He believes communication skills are essential.