Ready to grow your property business without the hype? Start your free two-month membership trial with This Property Life today! <a href="https://bit.ly/this-propertylife-memebership" rel="noopener noreferrer" target="_blank">https://bit.ly/this-propertylife-memebership</a>——————————————————————In this episode of This Property Life, host <a href="https://www.linkedin.com/in/sarahpropertyandbusiness/" rel="noopener noreferrer" target="_blank">Sarah Blaney</a> sits down with <a href="https://www.linkedin.com/in/michael-langley-mla/?originalSubdomain=uk" rel="noopener noreferrer" target="_blank">Michael Langley</a>, a small-scale property developer who has built his business through smart partnerships and a clear vision. What You'll Learn:<ul><li>How Michael’s architectural skills contribute to the development process</li><li>How Michael and Christian structured their JV to leverage their combined skill sets</li><li>The process Michael uses to evaluate sites, including market research and feasibility studies</li><li>How to mitigate risks related to planning, cost overruns, and managing timelines</li><li>Subcontractor management, cost of materials, and dealing with unexpected delays</li></ul>Timestamps[02:12] - Michael's transition from architecture to property development[06:22] - Michael discusses meeting his business partner, Christian[11:57] - How profit and project responsibilities are split in their JVs[19:13] - Explanation of Special Purpose Vehicles (SPVs) and their operational structure[23:55] - The cost breakdown of building in different areas[31:24] - Case study of their current development project in Forest Hill, London[42:03] - Challenges in construction costs and subcontractor management[46:34] - Planning delays and the frustrations with under-resourced planning departments[57:26] - Stress-testing deals to ensure investor returns even with market fluctuations[59:47] - Michael’s advice for new developersThis Episode is Kindly Sponsored by:Visit <a href="https://thispropertylife.co.uk/" rel="noopener noreferrer" target="_blank">thispropertylife.co.uk</a> for more resources, networking events, and industry insights.Follow Michael Langley Socials:<ul><li>LinkedIn: <a href="https://www.linkedin.com/in/michael-langley-mla/?originalSubdomain=uk" rel="noopener noreferrer" target="_blank">https://www.linkedin.com/in/michael-langley-mla/?originalSubdomain=uk</a></li><li>Instagram: <a href="https://www.instagram.com/mlangleyproperty/" rel="noopener noreferrer" target="_blank">https://www.instagram.com/mlangleyproperty/</a></li></ul>Follow MLA Architecture Ltd:<ul><li>Website: <a href="https://mla-architecture.co.uk/" rel="noopener noreferrer" target="_blank">https://mla-architecture.co.uk/</a></li><li>Instagram: <a href="https://www.instagram.com/mlaarchitecture/" rel="noopener noreferrer" target="_blank">https://www.instagram.com/mlaarchitecture/</a></li></ul>Follow Turnkey Developments Ltd:<ul><li>Website: <a href="https://www.turnkey-developments.co.uk/" rel="noopener noreferrer" target="_blank">https://www.turnkey-developments.co.uk/</a></li><li>Instagram: <a href="https://www.instagram.com/turnkey_developments/" rel="noopener noreferrer" target="_blank">https://www.instagram.com/turnkey_developments/</a></li></ul>Follow This Property Life Podcast on Socials:<ul><li>Website: <a href="https://thispropertylife.co.uk/" rel="noopener noreferrer" target="_blank">https://thispropertylife.co.uk/</a>&nbsp;</li></ul><hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

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From Architecture to £1.5K per Sq Ft London Sites using Smart JV Deals with Michael Langley

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