#499 Dan Norcross - Maximise Property Income

Dan Norcross helps landlords, investors, and agents across Cheshire and the North West maximise property Income. There is hassle-free income and exceptional returns through expert property management, guaranteed rent, and serviced accommodation solutions. Tune into episode 499 of The Next 100 Days podcast to get the insights from Dan Norcross.Summary of PodcastIntroductions and backgroundKevin and Graham welcome Dan Norcross to the podcast. Dan introduces himself as a property entrepreneur who has been in the business for less than a year. He has already built up a portfolio of 6 rental properties. He explains that he is focused on the "rent to serviced accommodation" model. This provides short-term housing for contractors working on a major construction project in the local area.Scaling the rent to serviced modelDan discusses how he has been able to scale his rent to serviced model quickly. He leverages investor financing to acquire additional properties. He explains the economics of the model, noting that he is able to generate around £1,000-£2,000 per month in profit per property. Dan also shares his plans to expand into other property investment strategies like title splits and purchase lease options.Attracting investor capitalDan describes how he has been able to raise significant investor capital, around £400,000 over the past 6 months, to fund his various property deals. He discusses his approach to pitching deals and structuring the investments to provide attractive returns for his investors, often in the 30-50% range.Diversifying into larger, more complex dealsDan shares that he is now looking to take on larger, more complex property deals, including a title split project on a block of flats in Devon. He explains the mechanics of the title split strategy and how it can add significant value. Dan also discusses a purchase lease option he is pursuing on a hotel in Scotland, which will involve raising £140,000 from investors.Mitigating risks and ensuring business continuityKevin raises the question of what would happen if something were to happen to Dan, noting that he is a single point of failure in the business. Dan acknowledges this as a potential risk and agrees that he should consider putting safeguards in place, such as partnering with a management firm to ensure business continuity in the event of an unexpected absence.Recap and closing thoughtsGraham and Kevin reflect on the interesting and innovative property investment strategies that Dan has shared, noting that it has opened their eyes to new models beyond the traditional buy-to-let approach. They express admiration for Dan's ability to structure win-win deals that benefit investors, tenants, and himself, and wish him continued success in his property ventures.The Next 100 Days Podcast Co-HostsGraham ArrowsmithGraham founded Finely Fettled ten years ago to help business owners and marketers market to affluent and high-net-worth customers. He's the founder of MicroYES, a Partner for MeclabsAI, where he introduces AI Agents that you can talk to, that increase engagement, dwell time, leads and conversions. Now, Graham is offering Answer Engine Optimisation that gets you ready to be found by LLM search.Kevin ApplebyKevin specialises in finance transformation and implementing business change. He's the COO of GrowCFO, which provides both community and CPD-accredited training designed to grow the next generation of finance leaders. You can find Kevin on LinkedIn and at kevinappleby.com