Your Lettings Journey

Episode 11 - Scaling the Property Ladder: Paren Shah's Evolution from Supplemental Income to Full-Time Venture

June 23, 2023 Season 1 Episode 11
Your Lettings Journey
Episode 11 - Scaling the Property Ladder: Paren Shah's Evolution from Supplemental Income to Full-Time Venture
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Show Notes

Welcome to Episode 11 of "Your Lettings Journey" where we chat with Paren Shah, a property aficionado with a two-decade-long journey. Today, Paren's property investments include single lets, an HMO and rent-to-rent properties, this diversity is a testimony to his sustained growth and adaptability in the property market.

In this episode, you'll learn:

🏠 How Paren's property journey began as a secondary income source with a two-bedroom ex-council property in Mill Hill East.

🏠 Why he decided to sell some of his properties due to high service charges and rising interest rates to refocus on high-yield properties outside of London.

🏠 The importance of continual education in property investment, which Paren credits for his strategic shifts and success.

🏠 Why Paren is now keen to add more Houses of Multiple Occupancy (HMOs) to his portfolio following the purchase of a tenanted HMO property in Liverpool.

🏠 His insights for existing landlords on assessing their appetite for risk and the strategic considerations of equity release for property expansion.

🏠 Paren's long-term plans for his portfolio, including selling London properties to fund his continued investment in northern HMO’s.

Immerse yourself in Paren's fascinating journey and valuable insights as he moves from supplementing income to fully embracing property as a full-time venture. His calculated risks, focus on education, and steady portfolio growth offer a roadmap for anyone looking to secure financial freedom through property.

Whether you're an experienced landlord, just starting your lettings journey, or somewhere in between, Paren's story is sure to inspire and inform. Tune in and let's learn together!


To listen to more episodes of Your Lettings Journey click here

Follow & connect with Rachel on Linkedin here 

Follow & Connect with Romesh on Linkedin here


Follow & Connect with Special guest Paren Shah on Linkedin here


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