• Overcoming Setbacks and Scaling in Property with Dan Cheetham

  • Jun 23 2024
  • Length: 1 hr and 19 mins
  • Podcast

Overcoming Setbacks and Scaling in Property with Dan Cheetham By cover art

Overcoming Setbacks and Scaling in Property with Dan Cheetham

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  • Dan Cheetham, a 26-year-old property entrepreneur, shares his inspiring journey from joinery apprentice to successful serviced accommodation manager. This episode dives deep into Dan's experiences, including losing his life savings to crooked developers and bouncing back to build a thriving business. Dan and Alex talk about the realities of the property industry, the importance of perseverance, and the power of social media in business growth. KEY TAKEAWAYS Starting young in property doesn't guarantee success, but it provides valuable learning experiences and opportunities for growth.The importance of understanding business fundamentals, especially cash flow management, in running a successful serviced accommodation operation.Leveraging social media and personal branding can be a powerful, free tool for attracting clients and investors in the property industry.The serviced accommodation market is constantly evolving, making it crucial to stay adaptable and focus on operational excellence.Partnering with someone who complements your skills can significantly enhance your business's potential for success.Maintaining physical health and fitness can provide valuable lessons in discipline and persistence that translate to business success.The value of transparency in business relationships and the importance of "trust but verify" when entering partnerships or deals.Building a strong support network, both personal and professional, is crucial for overcoming challenges and achieving long-term success in property entrepreneurship. BEST MOMENTS "Success is rented. It isn't owned. You've got to show up every day." "Trust, but verify. So do your due diligence on people, make sure you've got a good understanding of where they're at. How's the project going to pan out and just slow down." "I look at some of the problems that I deal with on a day to day basis now, and four or five years ago, they would have been catastrophic. And they're now just such small, minor inconveniences compared to the other bigger problems." "What other, what else exists in the world where you can have a worldwide audience, a shop window to the world for free, right? And so few people harness the power of that." "Do I need any more income at the moment? No. Would I like more? Yes. But how much weight and how much value do I need to put on that? How much more success do we really need to have?" ABOUT THE GUEST Dan Cheetham Dan Cheetham is serviced accommodation expert, providing short stay management across the North West. His business YourStays Management provides landlords the opportunity to host airbnb guests without any of the hassle. Dan fell in love with the guest model when he realised the income potential of turning regular investment properties into holiday homes for working contractors and leisure guests. Dan will be discussing how he started as a joinery apprentice with a desire to be a property developer before moving into management and investment. Alex and Dan also talk about the importance of getting massive and being healthy. Facebook: https://www.facebook.com/dan.cheetham.5 Instagram: https://www.instagram.com/dancheethamproperty/ LinkedIn: https://www.linkedin.com/in/daniel-cheetham-755a03175/ Daniel@yourstays.co.uk Yourstays.co.uk HOST BIO 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. CONTACT US Facebook - https://www.facebook.com/alex.mannock/ Instagram - https://www.instagram.com/theairbnbnomadspodcast TikTok - https://www.tiktok.com/@theairbnbnomadspodcast YouTube - https://www.youtube.com/@Lifebeyondbroke/
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