Jerry Alexander on Risk Management

Mark Winship is joined once more by Jerry Alexander, to discuss the complex issue of risk management - how it can manifest itself in property, and how the ways we manage it can play a huge role in how we choose to invest.

KEY TAKEAWAYS

Too many people look at risk too simplistically. It is a complex issue and needs a broad perspective. We need to step back and see how the multifaceted aspects of risk can trickle down to other areas.
When we take a risk, sometimes it opens up new pathways in which risk may enter, such as insurance or liability. We need to be constantly aware.
It's worth taking time to work out contingency plans, so that we may embark upon differing forms of strategy and tactics.
Risk management is not about ignoring risks. it's about recognising and analysing the risks and then taking steps to mitigate.

 BEST MOMENTS

'What are the consequences of NOT doing something?'

'If that eventuality then this is my mitigating step'

'How much is it influenced by the person and not the situation?'

'Bravery is not the absence of fear. It's what you do in response to fear'

 VALUABLE RESOURCES

This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591       

Property Wealth System YouTube - https://www.youtube.com/c/PropertyWealthSystem   

To enter the competition, make sure you follow or subscribe to the podcast and leave a review, LIKE the Property Wealth System page on Facebook (SEE LINK BELOW), and then TAG 3 friends on the competition post you'll find there!

ABOUT THE SHOW

This Property Life is hosted by the team at Property Wealth System. We are a collective of experienced active investors passionate about all things property.

Mark Winship is an experienced property investor and mentor with a portfolio of HMO and Serviced Accommodation properties across the UK. Mark’s background in coaching high performance athletes has lead to a passion for mentoring people to achieve their life goals using property investment as a vehicle.

Caroline Claydon Caroline Claydon has over 22 years experience in investing in property but it’s only the last 12 years she’s operated as a professional investor.  Her and her husband have built their portfolio throughout the UK covering strategies from buy to let’s, social housing, HMOs, developments and more recently a hotel.  She has travelled the world training people for the last 10 years on how to invest, scale and accelerate their UK property businesses regardless of where they are based.   Caroline loves helping people reach their full potential by changing their mindsets to money, debt, property and investing. 

James D’Souza started investing in property from a young age and now owns a significant portfolio of buy-to-let properties, professional HMO’s and commercial developments. Whilst actively growing his own property business, James helps countless other people start and scale their own property journey.

CONTACT METHOD

You can join Mark, Caroline and James along with a whole host of other like-minded investors in the Property Wealth System Facebook Community:

https://www.facebook.com/groups/propertywealthcommunity

Mark Email: [email protected]

Mark Linkedin: https://www.linkedin.com/in/mark-winship-68b34833

Caroline Email: [email protected]

Caroline Linkedin: https://www.linkedin.com/in/caroline-claydon-property/

James Email: [email protected]

James Linkedin: https://www.linkedin.com/in/james-d-souza-552342104/