Property Wealth UK - Must Read Books...

The following books are those that are regularly cited as being "must read" for anyone with an interest in creating wealth through property:

"Rich Dad, Poor Dad" – Robert Kiyosaki

"Real Estate Riches" – Dolf de Roos

"The E Myth" – Michael Gerber

"The Leadership Secrets of Attila The Hun" – Wes Roberts and James Lurie

"The One Minute Manager" – Kenneth Blanchard and Spencer Johnson

"What They Don’t Teach You at Harvard Business School" – Mark McCormack

"Secrets of the Millionaire Mind" - T. Harv Ecker

"Billionaire - The Life and Times of Sir James Goldsmith" – Ivan Fallon

"The Rothschild Dynasty" – John Coleman

"Conversations with Millionaires" – Litman/Oman/Allen

"The One Minute Millionaire" – Mark Victor Hansen and Robert Allen

"Why Men Don’t Listen and Women Can’t Read Maps" – Allan & Barbara Pease

"Cashflow Quadrant" – Robert Kyosaki

"How To Get Rich" – Felix Dennis

"Business Model Generation" – Alexander Osterwald and Yves Pigneur

"The Richest Man in Babylon" – George S Clason

"Man's Search for Meaning" – Viktor Frankl

"The 7 Habits of Highly Effective People" – Stephen Covey

"How to Get Rich, Not Quick" – Norb Janis

"Awaken the Giant Within" – Anthony Robbins

"Multiple Streams of Income" – Robert G Allen

"Maximum Achievement" – Brian Tracy

"The 80/20 Principle" – Richard Koch

"Eat That Frog" - Brian Tracey

"The Complete Guide to Property Investing Success" - Angela Bryant

"The Millionaire Next Door" – Thomas J Stanley & William D Danko

"Nudge" – Brian H. Thaler

"Outliers" – Malcolm Gladwell

"Bounce" – Matthew Syed

"Deep Survival" – Laurence Gonzales

"The Snowball: Warren Buffet - Business and the business of Life" – Alice Schroeder

"How to Win Friends and Influence People" – Dale Carnegie

"Goals!" – Brian Tracy

"Getting Everything You Can Out of All You've Got" – Jay Abraham

"The Hungry Spirit" – Charles Handy

"The Dip" – Seth Godin

"Money For Nothing and Your Property for Free" – Andy Shaw

"Six Thinking Hats" – Edward De Bono

"The Beermat Entrepreneur" – Mike Southern and Chris West

"The Road Less Travelled" – Dr M Scott Peck

"The Art of the Deal" – Donald Trump

"Work the System" – Sam Carpenter

"Total Recall" – Arnold Schwarzenegger

"Four Seasons: The Story of a Business Philosophy" – Isadore Sharp

"Key Management Ratios" – Ciaran Walsh

"Raving Fans" and "Customer Mania!" – Ken Blanchard

"FISH: A Remarkable Way to Boost Morale and Improve Results" – Stephen C. Lundin

"Harvard Business Review: The Essentials" – Havard Business School

Follow the links to purchase these books from the Property Bookshop.

Many thanks to Jayne Owen of Property Bookshop for helping compile this list.

Please feel free to add any other books to this list that you have found useful on your property journey!

Property Tribes UK Update 22nd December, 2014

Welcome to our "Landlord Enlightenment" newsletter, full of trending topics and landlord learning!

Hopefully you are now winding down and starting to relax for the festive season .... This email is sent to you from our storm-ridden motorhome on the beautiful Isle of Skye in Scotland where we are spending our Christmas and New Year!

One of our favourite sayings this year was "The more you learn, the more you earn!". ~ Steve Bolton

We are therefore proud to present the Property Tribes Essential Book and Reading list - a community-generated list of the most valuable and inspirational books for property investors. Why not use Christmas and the New Year to read up and inspire yourself to get 2015 off to a flying start:

Property Tribes Essential Book and Reading List

Community project:

We are creating a community-generated list of how different councils around the U.K. treat empty properties with regards to council tax.  We would be most grateful if you could add your council's policy to the thread:

Council Tax exemptions - empty and substantially unfurnished properties

Featured content:

How well do you know the person who owes rent to you?

HMRC disappointed at tax collected from landlords in 2014

Update tenant utilities in a few clicks with this free new service - New Occupier 

Important new decision from Court of Appeal on tenancy deposit protection post Superstrike

DWP release details of latest areas for Universal Credit roll out 

Welsh landlords to take on joint liability for tenant's water debt from January 2015.

Latest and trending topics: 

Russia and China - affect of their economies on the U.K. property market? 

Christmas no longer the time to buy, it seems ...

Older homes face PRS ban

Tenant with increasing mobility problems asks for property to be adapted

Property Tribes member shares his latest refurbishment project - a derelict bungalow transformed!

Unwanted HMO guest - advice please

Rightmove No.1 business on google searches for 2014

On the Market - have you heard of it?

My property predictions for 2015

Most popular discussions on Property Tribes in 2014! 

Trouble in Birmingham? 

6 bed HMO vs. 5 bed HMO

Advice needed for unwanted guest in HMO

Welcoming Brooklands Commercial Finance as a sponsor of Property Tribes. 

RITA "Once Upon A Tax" series of articles for landlords to understand the basics of landlord and property tax:

If you are posting your self-employed tax return on-line, then you must have it completed by 31st January 2015.

Leading up to this important date in the landlord's calendar, earlier this month saw the launch of our "Once Upon A Tax" series, produced in conjunction with our tax partner Rental Income Tax Advisors, or RITA for short.

RITA has produced 10 guides to property and landlord tax to help landlords get to grips with their tax affairs and understand the basics.

Part 1 - I'm a new landlord - where do I start? 

Part 2 - Getting the basics right

Part 3 - What to do if you owe tax or are due a refund 

Part 4 - Coding notices and their relationship to self assessment

Part 5 - Payments on accounts 

Part 6 - Self assessment return 

Part 7 - Insurance and repairs

Part 8 - Other expenses

Part 9 - Wear and tear

Part 10 - Final considerations

Your community news:

Our special tax series from our tax partner, Rental Income Tax Advisors, is now complete. Catch up with all 10 parts:

Once upon a Tax - a new series of property and landlord tax basics from RITA.

Spotlight on a Tribe:

Our Property-a-holics Tribe (General Discussions) is powered by the lovely people at Northwood Lettings.

Northwood have over 80 branches across the U.K. and have been providing their market-leading Guaranteed Rent service for over 18 years.

Northwood have just launched a new free guide and checklist for landlords:  How to choose a professional lettings agent.  Download it >>> here.

Find your nearest Northwood branch >>> here.
 

Spotlight on a Sponsor: 

It's thanks to our sponsors that Property Tribes remains a free to use community resource.

We are always grateful if PT members could consider using the services of one of our sponsors.

Our Financing Tribe is powered by Shawbrook Bank who provide specialist products for landlords and property developers. These can only be accessed by intermediaries, including our new sponsor Brooklands Commercial Finance.
 

Thank you for your time reading our newsletter and we look forward to welcoming you to Property Tribes very soon.  Always something new!  Always something you!

TV Property Expert, Martin Roberts...

We are delighted to announce that the hugely popular TV property expert, Martin Roberts, will be appearing at the Property Investors Worldwide Pre-launch to present his views on the UK property market for 2015.

This exciting event is to be held on Saturday 17th January 2015 at The Hilton Metropole Hotel (NEC) Birmingham and is not to be missed.

Who needs to be there?

Those whom have an interest in the very latest "Low Money Down" Property Investment Strategies being employed by UK Property Portfolio Millionaires.

Affiliate/Referral & Network Marketing Professionals, will definitely want  to hear from Internet Marketing Expert Ben Dixon from Chicago, USA. Ben will be covering how to leverage the internet to generate leads for your business. Ben made over $170K with an affiliate marketing compensation plan this first year using the internet! He's someone you don't want to miss!

Those whom want an unfair advantage over other Property Investors, by having  up-to-the-minute market property intelligence. We will be previewing "SCRUTARE", the UK's most intelligent property investment management software that works on your laptop/tablet.

Places are limited so book online now to avoid disappointment

http://bit.ly/14mLVDn

How do I issue a Statutory Demand?

What is a statutory demand?

It’s a formal demand for payment, which carries with it the threat of a winding-up petition if payment is not made within three weeks. And you don’t need a solicitor to issue it.

Often, the mere threat of a winding-up petition is enough to encourage a debtor to pay immediately. This is a useful tool in the current climate, where many debtors delay paying purely for cash flow reasons.

If the debtor ignores the statutory demand, the next step is to apply to the High Court for a winding-up petition. This is costly, and there is no guarantee that you will recover your money if a winding-up order is made.

When it is unsuitable to use one?

Avoid this route if you want to preserve a commercial relationship, if you know that the debt is disputed, or if the debtor has a valid counterclaim. The courts view the use of statutory demands for disputed debts as an abuse of process, and the debtor could obtain an injunction preventing you from issuing a winding-up petition. If this happens the court is likely to penalise you heavily in costs.

Statutory demands may only be issued for debts of more than £750. Because of the cost of issuing a winding up-petition, they may not be cost-effective for debts of less than £5,000.

A statutory demand is also unsuitable if the debt has not crystallised, so it is unclear what must be paid and by when, or if the debtor has insufficient funds to repay the debt.

How do I start?

First, you need to establish that there is no reason for non-payment. Write to the debtor demanding your money. Make it clear which invoice you are referring to (by attaching a copy) the amount due (including any interest), and the date by which payment was due. If you don’t mention interest,

Often, the mere threat of a winding-up petition is enough to encourage a debtor to pay immediately

you will not be entitled to claim it. Give the debtor a finite amount of time to pay – seven days is normal – following which you will issue a statutory demand. Send the letter by fax and post.

I have written to the debtor and received no response. What is the next step?

Fill in the form for a statutory demand for a debt that is immediately payable (form 6.1, available from www.insolvency.gov.uk/forms/ englandwalesforms.htm). This includes a section called “Particulars of debt”. Repeat the information you put in the letter of demand.

Once you have completed the paperwork, check the name of the recipient and the address. In the case of a registered company, you can check the address on the Companies House website. Send the documents to its registered office by registered post. Alternatively you can arrange for delivery by hand, preferably by process servers. The debtor now has 21 days to pay, or to offer you security for the debt. Or, if it disputes the debt, it can apply within 18 days to get the statutory demand set aside.

Twenty-one days have passed and still I have not had a response. What now?

The next step is to apply for a winding-up petition, if the debtor is a company, or a bankruptcy order for an individual. This can be costly – court fees alone cost more than £1,000. Unlike a statutory demand it is usually necessary to instruct solicitors.

The time and date of a hearing will be fixed. Two weeks before the hearing, an advert may be placed in the London Gazette, causing the debtor’s bank to freeze its assets and making it impossible to obtain credit. This may spur the debtor to either offer payment or raise grounds – possibly spurious – for disputing the debt and demanding you withdraw the petition.

If the debtor pays up, you should immediately ask the court to cancel the hearing. If it raises grounds for disputing the debt, you must decide whether to continue or withdraw the petition. If you discontinue you will need to make an agreement as to costs with the debtor’s solicitors. You will need to attend the hearing if it goes ahead, and if a winding-up order is made, you may not recover your money. Luckily, many debts are paid before this stage.

Your invitation to The Franchise Show

4Networking is proud to be supporting the Franchise Show. Have you ever considered franchising as a means to being your own boss? 20th–21st Feb 2015 ExCeL, London Franchising has seen a huge increase in popularity in the UK in recent times. It can be an excellent method to start your own business, but without having to go it alone. Here are the top 10 reasons as to why you should consider buying a franchise:  1 Track record of success - The Franchisor knows what works well and produces successful results. 2 Strong brand - The Franchise will be building a brand on a regional or national basis, so should have value in the eyes of the customers that you're trying to attract. 3 Training programs - They are designed to bring you up to speed on the most successful methods to run the business. 4 On-going operational support - Dedicated staff to provide on-going assistance to franchisees. 5 Marketing assistance - Providing you with proven tools and strategies for attracting and retaining customers. 6 Real estate assistance - Manuals and other documentation, as well as staff, will be at hand to help you find the right site and negotiate the best possible deal on your site. 7 Construction assistance - Provide a wonderful benefit in helping you design the layout of the business and select the right contractors to do your build out. 8 Purchasing power - You'll be able to be advantageous of the buying power of the entire system to negotiate prices for everything you need at significantly lower levels than you could achieve as an independent operator. 9 Risk avoidance - The biggest reason to buy a franchise is that it will help you avoid much of the risk of starting a new business. 10 In conclusion, helping you go into business for yourself, not by yourself. Considering entering the Franchising world already? The Franchise Show is there to help! At the ExCel, London, on the20th & 21st February 2015, they are once again assembling a fantastic line up of more than 150 UK and International Franchise brands to exhibit at the show, following on from the most successful event they've hosted earlier this year! Whether you are new or experienced to the world of franchising, you're invited to come & explore the brands, enjoy the FREE seminars and take advantage of all of the on-site expertise available. The Franchise Show will help find the brand that is perfect for you. The free exhibition showcases franchises from a range of investment levels, sectors and geographical locations, providing you with a plethora of brands to choose from. Whatever your background, wherever you're from, they will have franchise to suit you, all under one roof at The Franchise Show.

Legal 4 Landlords News › What The Stamp Duty Reform Means For Landlords

Legal 4 Landlords News › What The Stamp Duty Reform Means For Landlords

Rent to Buy in Cardiff - 3 Bed - 2 Bath - 2 Receptions

I've posted a new listing!

Business Networking in Cardiff on Tuesday 9th December, 2014

Sterling Networks is growing fast and making an impact! Our next meeting in Cardiff is on Tuesday 9th December at The Village Hotel.

We meet fortnightly for breakfast, bringing together diverse professionals for mutual benefits, including introductions to potential new clients, hot leads, shared expertise and support.

If you are new to Sterling Networks, all you need to bring is £12 for your breakfast and meeting fee and lots of business cards!

As this will be our final meeting before Christmas, we have decided to wear Christmas jumpers, or something festive for those who wish to join in, and Claire from Cooked From Scratch has kindly offered to bring some of her home made mince pies. There may also be a few surprises in store to get us all in the mood for the festive break!

In addition to this, we will be holding a toy/gift collection for our group member, and chosen charity, Follow Your Dreams, who will be hosting a Christmas party for children and young adults with learning difficulties, so any gift donations would be greatly appreciated.

Please book your place here.

We look forward to welcoming you

"Bridging Newport Business" 1st Thursday of every month!! at 6:00pm - 8pm - Location : The Lamb

Address:  (6 Bridge St, Newport, Gwent NP20 4AL)


Are you looking for an opportunity to meet and chat with local professionals in a relaxed and friendly environment?

Are you keen to build business relationships with other local business people over a cup of coffee or a glass of wine? (without the 7 am start??!)

Do you believe that Networking should be relaxed, friendly and inviting?

Bridging Newport Business is an established successful businessnetworking opportunity! We believe that Newport and local areas need an event that local professionals can attend without the pressure of joining fees, subscriptions or compulsory referrals!

So if you fancy an absolutely free networking event, with NO JOINING FEE, NO OBLIGATION AND NO PRESSURE..

Then come along and meet like minded, localbusiness people!

Location : The Lamb  : 6 Bridge St, Newport, Gwent NP20 4AL

Next Event: 4th December 2014

http://www.bridgingnewportbusiness.co.uk

"Cash-In On The Buy To Let Boom" - Free Training - Tonight (8PM) - Progressive Property

If you see this message when trying to log on to tonight's Cash in on the Buy To Let Boom online training:

                                 " Sorry, we're overbooked "

...then all 1,000 attendee seats have been taken (they're available first come first served)

So if you want to discover the REAL simple steps to make a solid (job-replacing) income through property, do this:

1. Click the link at the bottom of this email to claim your spot

2. Grab your attendee link from the registration email

3. Join me no later than 7:55pm tonight (earlier the better)**


**Because once all 1,000 attendee spots are claimed, anyone who's late to the dance will be locked out - automatically!

Sorry, but that's the limit our software providers give us...

(I'll show you why you need to know about this in a moment, keep reading...)

Another heads-up: once you've joined... if you log out early, or your broadband provider 'has a hickup', your spot will be offered to the next person in line - so stay with me. It'll be worth it!

Link below, go click it now!


If you're still deciding how to spend your evening, this might help :-)

• Knowing 3 simple ways to make cash from property is a start...

Tonight I'm going to give you [9] ways to profit from property.

(beginner, intermediate, or experienced investor - you'll learn something new: guaranteed)


• Using a 'map' to know to where you're going helps, sure...

Tonight only, I'm giving away access to this:
                               

       (Our brand new 2014/15 Estate Agents Secrets Blueprint)

(forget using a map... THIS is like a property Sat-Nav, with every BMV roadblock isolated and avoided)


• Our industry-leading experience: 4 best-selling property books, 8 years running a multi-million pound property business (including local networking, portfolio building, and running an in-house lettings agency), over 300 members of our Progressive Property Millionaires Club, well over 350 properties bought and sold, over 12,000 new investors graduating through our bespoke Training Academy last year, and over £25Million in property joint ventures...

All of it, guarantees YOU this:

I'm committed to delivering to YOU the best tried and tested, actionable property investment information based on what's working out there right now, in December 2014 through to 2015.

You won't find this level of experience or sound advice anywhere else in the UK.


So make the best use of your time, and join me here tonight:

 Register Here - "Cash-In On The Buy To Let Boom" - Free Training - Tonight (8PM)



Your private attendee link and details of how to join at 8PM will be emailed to you instantly.

By the way, the only reason I'm giving you this warning is because over 1,800 people want to join in tonight :-)

      

So I'd rather cover my rear now, in case I get some disappointed emails tomorrow!

Speak with you live in a few hours... 


Invest for Freedom, Choice & Profit

Rob Moore 
 
Co-Founder, Progressive Property
Property Speech World Record Holder (motor mouth)
4 Time Best Selling Property Author
Proud Dad, Average Golfer & Slightly Better Pilot