Rent to Rent and Rent to Serviced Accommodation Hacks the Yusuf Sheikh way

Alex engages in a candid conversation with Yusuf, a young entrepreneur who shares his remarkable journey from humble beginnings to success in the property industry. Yusuf discusses the challenges he faced, including overcoming his introverted nature and the mental hurdles of starting a business during the pandemic. He emphasises the importance of mindset, resilience, and the willingness to step out of one's comfort zone. As he delves into his strategies for success, including rent-to-rent and service accommodation, Yusuf highlights the significance of effective communication and building relationships with landlords. The episode also touches on the role of mentorship and the impact of personal development in achieving financial freedom, making it a must-listen for anyone looking to transform their life and pursue their entrepreneurial dreams. KEY TAKEAWAYS Mindset is Crucial: Success in business, particularly in property, heavily relies on having a strong and positive mindset. Understanding your "why" and having a burning desire to achieve your goals are essential for overcoming challenges. Overcoming Challenges: Many individuals face mental barriers when starting new ventures, such as fear of rejection or lack of confidence in social interactions. Consistent practice and putting oneself out there can help overcome these challenges and build necessary skills. Importance of People Skills: Being able to communicate effectively and build relationships is vital in business. Success often hinges on the ability to sell oneself and ideas to others, particularly when convincing landlords in the property sector. Finding Deals is Key: The biggest challenge in property investment, especially in rent-to-rent strategies, is securing deals. This requires persistence and the ability to handle rejection, as well as strong negotiation skills. Location Matters: The success of property strategies like service accommodation is significantly influenced by location. However, opportunities exist in smaller towns and rural areas that many overlook, highlighting the importance of market research and adaptability. BEST MOMENTS I just didn't want to work for other people. So I was looking for things to get involved with... I stumbled across property in December 2019 through a Facebook ad." "There will be people as you speak, as you share your journey, who will say, 'Oh, actually, Yusuf came from this background, he faced these challenges, and he managed to do LBCD.' That means there's actually hope for me as well." "The biggest challenge was... I just did not know how to talk to people. I was a massive introvert. I preferred not to talk to people." "It really depends on how bad you actually want it. If you develop yourself as a person, ultimately you're going to want to better yourselves in different ways." ABOUT THE GUEST Yusuf Sheikh is a young Rent To Rent pioneer and specialist. He goes deep into the Rent To Rent model and the systems that have allowed him to scale his property business without needing to own any properties. If you're an aspiring property entrepreneur who wants to build Airbnb businesses, this is the place and episode for you Facebook https://www.facebook.com/yusufsheikh01 Instagram https://www.instagram.com/yusufsheikh01?igsh=amRocGtzN2NkdXJv YouTube https://youtube.com/@yusufsheikh01?si=FKQuK86SmY-FsWMK ABOUT THE HOSTAlex is a prize-winning chartered accountant with experience in financial markets from trading finance, capital hedging, structural foreign exchange, and interest rates to operational risk from the world’s top financial and advisory institutions including Deloitte, RBS, and JPMorgan ChaseAlex has been involved in property development programmes across different types since 2008, building and managing a portfolio that includes standard buy-to-lets, student accommodation and other houses in multiple occupancy (HMOs).He specialises in raising finance, providing potential investors, investors, and joint venture partners with ad hoc (to their specific requirements), hands-free and hassle-free property investments solutions as well as coaching and mentoringAlex aspires to share business and financial knowledge with upcoming entrepreneurs and experienced business minds to learn and master the concepts and mindsets required to succeed, stand-out, have the edge and make a difference.Alex is also a keen traveller, cyclist, and photographer. CONTACT METHODFacebook: https://www.facebook.com/alexsapalaofficial/Twitter: https://twitter.com/alex_sapalaYou Tube: https://www.youtube.com/channel/UCgZ1DCPGAu5c2yhOkfGZRSQ