Hi I'm Amy from Property Investments UK. And today I'm going to be talking to you about
affordable housing and social property investment. So social property investment is a relatively
new investment strategy. And what we've tried to do with social property investment is open
up the local housing allowance strategy to more people, and to make it more effective
and more efficient when we're operating in, as a private landlord in the affordable housing
market. Social property investment allows us to use
the strengths, talents and resources of the public, private and third sectors. So we're
looking for you as a private investor to get some help and support with the operational
management of when you're housing vulnerable tenants in your properties.
So you may be able to link in with the local authority or with a local charity, a non-profit,
a voluntary group, and create a support agreement so that everybody's taking some responsibility
for aspects of the service that's being provided. So it may be that you as a landlord are responsible
for just letting the property and keeping that in great condition, and making sure that
everything meets the needs, with the building, and everything that's in the building for
your tenant. But it may be that all of the holistic and
the care side of things is being supported by an external agency such as a non-profit
charity. And they will assist your tenant to make sure that they maintain their tenancy
and are successful and have a great outcome, rather than that being left just to you and
your tenant on their own. So with social property investment what we
like to do is look at three key areas for an investor, for the partner agencies that
they may be working with, and also for the tenants that they're housing too.
One of the first key areas is we want to look at the profit side of things. So we want to
make sure that we're maximising the profit and cost effectiveness of the project that's
being created. And that's going to be something that works for all parties, it's going to
be a solution, which is affordable for a tenant, but it's also going to be an investment, which
is financially attractive to the landlord too.
The second area we want to look at with social property investment is the element of risk.
So we're trying to find ways to, a)reduce the risk, and b)mitigate the risk and spread
it across different parties, so it's not just all landing on - all responsibility is landing
on the shoulders of the landlord. So we're looking to reduce that risk by implementing
quite a strategic way of working. And we're looking to spread the risk by engaging with
partner agencies such as, non-profits, voluntary groups, local authorities, housing associations.
There are lots of partners that may be able to get involved and help you and support you
to make sure that your risk is mitigated and reduced, and you feel that you're confident
and supported to go through and set one of these projects up.
So the third area with social property investment is we're looking to make a difference to the
lives of people we house and ultimately society and make it a better place. So I really believe
this happens with a combination of the risk mitigation and risk reduction, and also looking
to, accepting that we're looking at the housing in a commodity stature too, and we're looking
to make money out of that project too. So when we get a blend of that right we really
do make a difference to the lives of people housed, and that's evident when we put all
of this together and see the results that we get.
Thank you for watching this video. If you liked this content and you'd like to
join our free online property training course, we've got a link for it on this page. And
in there we cover a range of different property strategies to help you get started, either building
a long-term property portfolio, or creating a cash-flowing in property business. We also look
at ways to increase your return on investment with any of the properties you may be considering.
And we also have a couple of cheat sheets and downloadable documents in there as well.
Simply click on the link to join the free training course today.