I first got into property way back in 1991. As a student, I thought that these landlords were onto a good thing. Get a houseand, rather than rent it to a family, rent it by the room. As I didn’t have a deposit I partnered with a friend. We filled the rooms with tenant-mates and away we went. Although soon after my friend decided he didn’t like the communal lifestyle, so I bought him out. There I was, a landlord and property investorat the tender age of 22.
It was great, a base that funded me to go away and party at the weekend!
For the next 20 years I concentrated on my professional career. Weaving between corporate jobs and self-employment. I was fortunate to get both a scholarship and sponsorship to go to University in Sheffield and study a degree in Engineering. I spent nine years with a machine tool company, Cincinnati Milacron, which enabled me to develop my business skills. Soon after I became a management consultant specialising in IT. This lead onto running a European Business Outsourcing contract for a company that was later bought by Canon UK Ltd. Based at Rolls-Royce in Derby (the customer), this involved running a document service contract across Europe with 150+ staff and contractors.
Married life was never going to fit with communal living so we moved into a new house while continuing to rent the old one. Eager to expand the portfolio (of two) I bought another three properties, however with the impending crash of 2007, city centre flats where badly affected. Theyscrape a profit each year but are never going to make my millions.
So I needed a new direction. I could not understand how others claimed to start with no money and build a portfolio of 100+ properties. Trawling the internet I discovered the guru’s, the training courses and the networking groups. More importantly, I discovered the secrets to property investment. Over the next few years, supported by my partner Lesley, we went on to buy another 12 high yielding properties that are all managed by others. On route we have meet a lot of people and steered others into making successful property investments.
Having the good fortune of a redundancy package at the end of 2014, our aim is to grow our portfolio further. We have recently finished another luxury student accommodation and a property to flip. I’m continuing my property education through Susannah Cole’s group mentoring course (The Good Property Company). Our aim is to move into commercial conversions, lease options and creative funding methods. And most importantly of all, is to share that knowledge with other property people – beginners and experts alike. Hence, we would really like the opportunity to meet you at our next event.
– Mike Alder
I am married to Miche who is also into property and has a large property portfolio in her own right. I have twins from my first marriage, Luke and Ellie. I have been a property investor, landlord, and property owner for over a decade and currently run a letting agency JHPS to manage my own properties and for a few a carefully chosen landlords who share my desire to supply the market with high end top quality accommodation. I specialise in HMO student properties but have experience across the board with all types of property and all types of tenants.
Before the property world seduced me I worked in branch and regional management in retail, for the Signet Group. That experience taught me a great deal about systems and processes, logistics and sales, and building and managing teams, but after more than twenty years, it was time for a change and a chance to see where drive and ambition could take me working for myself rather than feeding the corporate machine!
I have experienced first hand all the ups and downs of the property world, from changes in legislation and regulation to dips and surges in the market, from the excitement and anticipation of purchasing and renovating properties, to dealing with building and maintenance contractors, and of course the trials and tribulations, and occasional nice surprises, that come from tenants. Like many of us, I have both made mistakes and had many successes and above all I hope to keep learning, and adapting and improving my own business practices.
I believe in making a contribution to society and have helped out in many ways including being a Magistrate for 8 years and a member of the Lord Chancellors Advisory Committee for 3 years. The training and learning for these duties was immense and so beneficial to my personal development, life and world.
Setting up the PPN, a forum for people interested and active in the property world, is a new venture for me. When I started my business, I often wished there were other people with whom I could talk, bounce off new ideas, share problems, and solutions and while I’ve found and made many great contacts and friends along the way it was always by good luck rather than by design. And while I might be older, and wiser, and a little greyer of hair, I still have much to learn.
I hope that our meetings will become a regular date in your diary, not just as an opportunity for sharing experiences and advice, but also as a networking and sociable occasion.
– Jamie Hayter