The Landlord's Playbook is proving a hit on Amazon
He wrote the book to share his knowledge and experience of more than 20 years' working with landlords, advising them on how to maximise the value of their property portfolios.
David became MD of Cavendish in 2022, succeeding his father Julian, and the company offers estate agency and lettings services to clients from its three offices in Mold, Ruthin and Chester.
Read more: North Wales artist celebrated in new Doctor Who art book
He said: "I've worked in property for 23 years and for 15 of those my focus was on the lettings side of the business, during which time I've met a lot of landlords and lettings agents, many of whom face the same opportunities and challenges.
"The book is an attempt to empty my head of everything I've learnt into something tangible and provide solutions which I hope landlords will find useful whatever stage of the journey they are on."
The book is divided into three sections: Navigating Politics, Building a Legacy and Adopting the Right Character.
David said: "There are now more than 170 different pieces of legislation that landlords need to know to operate their businesses effectively and avoid falling foul of the law.
Read more: Month of bestselling authors set to entertain across Flintshire
"The current Renters' Rights Bill going through Parliament could see landlords being hit with fines of £7,000 for each offence. The complexity of legislation and potential penalties for landlords have never been greater.
"Another key area the book covers is legacy, looking at everything from how someone structures their business to exit strategies, maximising value and potential inheritance within a family.
"The final part addresses the issue of character and shares some of the lessons I've learnt about the importance of having the time to take a helicopter view of your business, the idea of working on rather than in your business.
"There are many examples where landlords try to take on too much and forget that they are property investors in which the end goal is building a successful and profitable property portfolio."
Read more: "Charming and traditional" cottage in Flintshire goes on the market
David's family's heritage in the industry runs deep with David, himself, being the great-great-grandson of the founder of the Beresford Adams estate agency which traces its history back to 1889.
A few years after David's late grandfather sold Beresford Adams, Julian and his business partner Robert Ikin decided to strike out on their own in 1993 with the launch of Cavendish Ikin, with the inspiration for the Cavendish part of the name coming from the road in Chester where the Adams family lived for many years.
David added: "Success as a landlord isn't just about bricks and mortar, it's about mindset, purpose and the legacy you leave behind.
Read more: Developer plans 130 affordable homes for Croes Atti
"We are increasingly seeing a new breed of landlords, fuelled by the likes of Instagram and TikTok and who are more about property investment, building portfolios and looking for exit strategies at the right time. They are typically in their 20s or 30s and maybe moved out of London to Cheshire and North Wales."
In addition to the book, every quarter for the last couple of years, David and fellow director Nicola Blake have hosted webinars for landlords. The last one was attended by more than 150 people keen to keep up-to-date with the latest legislation and compliance requirements and the different ways in which landlords can optimise their business.
• David's book The Landlord's Playbook is available here: tinyurl.com/muz5ezzp
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
2 hours ago
- Reuters
Broadcom launches Jericho chip to advance AI data center networks
SAN FRANCISCO, Aug 4 (Reuters) - Broadcom's silicon division launched its next-generation Jericho networking chip on Monday, which is designed to connect data centers over 60 miles (96.5 km) apart and speed artificial intelligence computation. The company's Jericho4 introduces and improves several features that increase the amount of networking traffic speeding across large networks that operate inside and between data centers. Building and deploying artificial intelligence has become more computationally intensive and requires stringing together thousands of graphics processors (GPUs). Cloud computing companies such as Microsoft (MSFT.O), opens new tab and Amazon (AMZN.O), opens new tab require faster, more sophisticated networking chips to ensure data moves efficiently. Security when transferring data beyond the physical walls of a data center is crucial for cloud companies because of the potential attacks that could intercept it ahead of reaching its destination. Broadcom's engineers designed the Jericho chips to be deployed at a massive scale, and a single system can encompass roughly 4,500 chips, according to Ram Velaga, senior vice president and general manager of Broadcom's Core Switching Group. To help mitigate issues around network congestion, the Jericho4 chips use the same high-bandwidth memory (HBM) designers such as Nvidia (NVDA.O), opens new tab and AMD (AMD.O), opens new tab use for their AI processors. It's necessary because of the volume of data that needs to be stuffed into memory at any given moment of operation. "The switch is actually holding that traffic (in memory) till the congestion frees up," Velaga said. "It means you need to have a lot of memory on the chip." The longer the distance the data must travel from the chip to its destination, the more memory designers must include in the chip as well. In addition to performance improvements, the Jericho4 also beefs up security by encrypting data. Broadcom opted to use TSMC's ( opens new tab three nanometer process for the Jericho4.
Daily Mirror
5 hours ago
- Daily Mirror
Tesco is offering this compact 4-in-1 airfryer worth £70 for £28 for university shoppers
This August is the time to get your household equipment sorted before your university move-in date arrives, and right now you can add a 4-in-1 airfryer to your new kitchen for over £40 less With the start of term fast approaching, the tail end of summer is the time for university students, new and returning, to get into gear and start buying all of the equipment they'll need for the coming academic year. Whether you're starting off in halls or heading to your new shared accommodation, there are plenty of gadgets you may want to grab to make solo living that bit easier - and an air fryer is definitely a top contender on plenty of wishlists. But if you're worried an air fryer would break your budget or take up too much space in a shared kitchen, you're in luck. This compact 4-in-1 airfryer is sure to be your new best friend for quick meals and lower energy bills, without costing a fortune or filling the whole counter. Available for £79.99 at Currys and £30.99 on Amazon, this Power XL Vortex Air Fryer is currently available for the heavily reduced price of £27.99 at Tesco and B&Q. However, it's worth noting that there's no telling how long this deal will last, so you may want to hurry to secure yours before it returns to full price. Promising a healthier alternative to deep frying, this air fryer lets you whip up your favourite snacks and meals with little to no oil. This ensures your food is healthier while also delivering convenience, as food cooks faster than in your conventional oven. Plus, it's a more energy-efficient way to cook the fried foods you love, helping to keep bills down. Quicker, easier to use, and cheaper to run than conventional cooking appliances, this air fryer is a must-have for every kitchen. Touted as a 4-in-1 digital air fryer, this 2.8L cooker allows for four different cooking methods: Air Fry, Bake, Dehydrate and Reheat, all in one appliance, providing plenty of possibilities when it comes to meal prepping. Boasting a cooking time that's 70% faster than conventional cooking methods, without the hassle and expense of using the oven, this air fryer can go up to 204°C/400°F and utilises super-heated cyclonic air to fry food. It creates a non-greasy, golden brown, crispy coating and locks flavour and moisture inside without the need for extra oil. With a power input of just 1,350W, this Power XL Vortex Air Fryer uses 35% less energy than the average oven (2,100W). And because it cooks up to 70% faster, you'll save even more energy by running it for less time. More than just its affordable price tag, this gem also boasts a large enough capacity to suit single users, couples, or small groups. It is a great addition to a shared kitchen, ensuring you get the most out of the appliance, which makes it great value for money. If you don't mind splashing some cash to get a model from a cult-favourite brand, Ninja is currently selling this Ninja Air Fryer for £99.99. Or, for more budget-friendly options, Dunelm is offering this Manual 4 Litre Air Fryer for the round figure of £30.
Reuters
5 hours ago
- Reuters
Stone secures IBD financing to offer credit to businesses in the Amazon
SAO PAULO, Aug 4 (Reuters) - Brazilian payments company Stone (STNE.O), opens new tab said on Monday it has secured 295 million reais ($53.4 million) in financing from the Inter-American Development Bank's private investment arm to expand credit offerings to small and mid-sized companies, focusing on Brazil's remote Legal Amazon region. Funds from IDB Invest will support the development of businesses in the region, including by women. The area covers nine states, most of which are among the poorest in Brazil, and faces deforestation, illegal mining, land conflicts and governance challenges. The transaction, the first between Stone and the IDB, was initiated before discussions about U.S. tariffs on Brazil, said Diego Salgado, treasury officer at Stone in Brazil. "This process began over a year ago, before the American election and before the imposition of tariffs. The challenge of a more multipolar world was not yet a significant concern," he said. The financing will "help us reach 'deep Brazil,' which is the Brazil of those in need," said Carolina da Costa, Stone's director of sustainability and impact. Under the agreement, IDB Invest will also help Stone improve its products by developing solutions specifically for women entrepreneurs in remote areas such as the Amazon.
