Avoid Costly Mistakes in Property Development: Expert Insights from Richard Stone

Meet Tokeet Channel Manager, your ultimate all-in-one property management solution. It’s the game changer designed to boost your profits while simplifying every aspect of your operations. Join 60,000 rentals across 95 countries who trust Tokeet. Click below and discover Tokeet - the business partner you never knew you were missing! Link: https://www.tokeet.com/?ref=ztfjzgj   THE AIRBNB CONSULTANT - CONTACT US  https://calendly.com/airbnbconsultant/15min  DESCRIPTION For this episode, Alex is joined by Richard Stone a Builder/Developer and Chartered Construction Manager, Non-Exec, Trustee, and TEDx Speaker. He is also a highly respected Coach Mentor and trainer. Richard explains how to use the simple toolkit and detailed training he has developed to deliver your projects, safely, legally, compliantly, profitably and on time. He covers health and safety compliance, the merits of different property investment models, navigating planning and much more. As well as covering how to get your mindset right, so that you become productive instead of just busy. KEY TAKEAWAYS The consequences of not following health and safety regulations are huge e.g. someone getting hurt, or your insurance policy being cancelled. If you´ve got more than one trade on site the law says you need a principal designer and a principal contractor. Even for a simple refurb. Under construction design and management regulations, the client is the ultimate duty holder. Even messing up little things e.g. signage, has serious consequences. Even if an accident happens on-site while you are on holiday, you are liable. BEST MOMENTS “We advocate using JCT contracts on every project … it's clear who's responsible for what.” “Construction is about communication.” “Invest in actually checking stuff out and making sure it is done properly.” “I've got clients that have never done anything in construction before and have completed successful new build projects.” “It very much comes down to the mindset, as opposed to the skill set.”   EPISODE RESOURCES https://richardmstone.com https://www.linkedin.com/in/richardmstone https://www.instagram.com/project_management_blueprint/ https://www.facebook.com/projectmanagementblueprint 12 Week Year - https://www.amazon.co.uk/12-Week-Year-Others-Months-ebook/dp/B00CU9P31K HOST BIOS 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.