Today, Alex is joined by Zac Ratcliffe who at the age of 27, along with his life partner Eve, has already built a huge 70-unit serviced accommodation business. Doing so despite only having moved from Australia to the UK in 2019. They started with the rent-to-rent model and later moved into property management.

Zac shares the details of their entrepreneurial journey. In the process providing you with great information you can use to do the same. He covers closing deals in a competitive market, staying focused, building mental resilience, networking even when you are time-poor, systemising your business and much more.

https://airbnbconsultant.co/

KEY TAKEAWAYS

• Rent to rent is low-cost and is still a highly effective way to gain financial freedom.
• Sourcing deals is a numbers game.
• Be yourself, and be honest, Vendors need to trust you. Often, 20 or 30 people will be chasing the property you want.
• Understand why you are building your business. You need to know what your end game is.
• Initially you will have to work long hours. But make sure, you structure your business, so that at some point you can step back.
• You need to have lifestyle, financial and time freedom. If you lose one of those things, there is no point in running your own business.
• Education is key. Invest in yourself. Take the best courses and get a mentor.
• Business success requires mental resilience, so take care of your mental health and consider hiring a performance coach.
• Take action. Doing is the best way to learn.
• If you have a business partner, decide who does what by taking advantage of each person´s strengths.
• Zac and Eve are life partners too, so Zac also talks about keeping the relationship strong despite work pressures.
• Be clear about how you are going to scale. When you already know what your next step is you set your business up wisely so that it can grow fast.
• Journaling and manifestation practices work, they make you laser-focused.
• One over-demanding landlord can negatively impact your whole business. Be picky about the properties you manage.
• Help landlords understand how to improve their properties.
• Hire people before you desperately need them.
• Give your manager the power to make all of the reversible decisions.
• Networking is huge. Documenting your journey and sharing it on social media is a fast way to improve your networking power.

BEST MOMENTS

"People underestimate how much they can get done in one year in property if they just change their mindset."

"Get in front of the vendor rather than use agents."

"There's no point having financial freedom if you don't have lifestyle freedom."

EPISODE RESOURCES

Website- stayright.co.uk

M: +447535144940

E: zac@stayright.co.uk

Insta: zac.ratcliffe

HOST BIO

Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years.

This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle by design.’

Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.

CONTACT US

Facebook - https://www.facebook.com/alex.mannock/

Instagram - https://www.instagram.com/theairbnbnomadspodcast

TikTok - https://www.tiktok.com/@theairbnbnomadspodcast

YouTube - https://www.youtube.com/@Lifebeyondbroke/