Shownotes
During my mentoring sessions, the subject of lawyers comes up quite a lot - how they are either being too slow, raising too many questions, or sometimes don't even seem to understand what the investor wants them to do. Well, my guest today is here to counter that impression. He is a lawyer with a property portfolio, a very rare breed in our business.
Tim Bishop qualified as a Solicitor in 1986. Some years later, he concentrated on the business development of his law firm, and now, in addition, property development and investment. He describes himself as an entrepreneur who owns a law firm and property investment business - including an HMO, serviced accommodation and commercial conversion. He is also very active online, in
In this episode, we talk about the importance of solicitors for property investors and how to choose the right one for your business. We also discuss recent changes in regulations, the role of solicitors in wills and trusts, the complexities of property transactions such as leaseholds, and more.
What is Covered:
- Why there aren’t many property investors among solicitors
- Why property investors need not just solicitors, but specialty solicitors
- Discussing the proposed leasehold regulations changes
- The importance of regular will reviews in terms of wealth and tax planning
- How to deal with harassment orders against a landlord
- Ways to keep your online transactions secure and avoid dodgy clients
- Managing clients’ expectations in terms of delays and challenges in transactions
- Ethics as a guiding principle in property transactions
- Building trust with solicitors
The thing is, the more property you do, the more problems you are going to need to have solved. That is why finding the right solicitor who understands your needs as an investor will make your property business soar.
Resources:
Mentioned in this episode:
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