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A Wealthy Life

May 16, 2024

Ever wondered what it's like to handle the unpredictable and often wild world of property management? 


Join me, as I welcome back the ever-inspiring Stephanie Taylor for a candid exploration of the gritty realities of property management. 


We share the floor to discuss the complexities of managing HMOs, recounting tales that range from the amusing escapades of tenants to alarming discoveries, like the curious case of a pink ribbon marking more than just decor. 


The gritty reality of property investment isn't just about balance sheets; it's about the unexpected roles we take on—therapist, mediator, detective. 


This episode peels back the curtain on the transformative power of landlord horror stories. 


Our discussion takes an emotional turn as we reflect on past tenant horror stories, and how these experiences have honed our property management skills


As we wrap up, Stephanie and I dive into the transformative aspects of property investment, celebrating not only the financial benefits but also the profound impact it can have on the lives it touches. 


Stories of providing homes for single mothers and the importance of recognising your own journey in this field underscore our chat. 


Together, we look at the bigger picture of wealth planning and personal development in the property realm, inviting you to join us on this path of growth and success. 


Ready to be inspired? Don't miss this opportunity to gain a fresh perspective on the highs and lows of the property business, and maybe find a spark of inspiration for your own ventures.


--------- EPISODE HIGHLIGHTS ---------



(0:00:10) - Property Management Challenges and Solutions

Stephanie Taylor discusses managing HMOs, practical strategies for non-paying tenants, and the importance of proactive problem-solving in property management.


(0:12:55) - Lessons Learned From Landlord Horror Stories

Lessons learned from challenging tenants, adapting strategies, and wearing multiple hats as landlords.


(0:18:27) - Management and Growth in Property Business

Tenant's struggles with mental health, property cleanup, and business lessons from a property management anecdote.


(0:29:26) - The Value of Reflection in Property

Property investment brings financial gains and positive impact, while promoting mental resilience and personal growth.


(0:35:45) - Wealthy Life Planning and Property Investment

Acknowledging the challenges and rewards of property investment, building relationships, and promoting a wealthy life through education and management.


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Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?


Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?


The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.


Browse Books by Vicki: 

Using Other People’s Money: How to invest in property 4th edition  

Make More Money from Property: From investor thinking to a business mindset 2nd Edition  

Property for the Next Generation: Securing your future in uncertain times 2nd Edition  

The New Estate: Insights from the 22nd century  

The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style  


Or read the following Ebooks on  

9 Critical Property Principles  

The De-Job Yourself Manual: Break your reliance on a monthly wage  

The Values Manual: Understand what your values are and how they can be key to a successful business   

The Goal Setting Manual: Create meaningful and practical goals then achieve them