In episode 91, we are joined by Louise Amos, Director at Lismore Asset Management Limited. With a wealth of experience in the property industry, Louise has carved out a successful career, leading to the establishment of her own business, Lismore Asset Management. We hear about her journey, the services offered by Lismore, and her perspectives on the current challenges and opportunities within the property sector, particularly in the Build to Rent (BTR) market.
A journey through the property industry
Louise has had an extensive career in the property industry, which has shaped her expertise and approach to asset management. Reflecting on her previous roles and experiences, Louise shares how each step of her career prepared her for the challenges of setting up and running Lismore Asset Management. From managing diverse portfolios to leading teams, her journey has been instrumental in building the strong foundation upon which Lismore stands today.
Lismore Asset Management is known for its specialisation in various areas of the property sector. Louise provides a brief overview of the services Lismore offers, highlighting how they cater to the unique needs of their clients. From full property management to investor consultancy, Lismore’s services are designed to deliver comprehensive solutions across the property spectrum.
Understanding the Build to Rent sector
One of Lismore’s key areas of expertise is the Build to Rent (BTR) sector. For those unfamiliar with the concept, Louise explains the BTR model and its growing importance in the property market. This model, which focuses on the development of residential properties specifically for rental purposes, has become increasingly popular as demand for high-quality rental homes continues to rise.
The pace of development in the BTR sector varies significantly between Scotland and England. Louise discusses the key challenges that Scotland faces compared to England, offering insights into the factors that contribute to this disparity. Legislative and market conditions play a crucial role in shaping the development landscape, and understanding these differences is essential for investors and developers alike.
Citylets report
The Citylets recent Q2 report, highlighted the impact of SNP rent control policies on the Scottish property market. According to Will Scarlett of Scarlett Land and Development, these policies have turned Scotland into a ‘no-go zone’ for UK and international investors, potentially leading to a six to eight-year gap in the construction of large-scale BTR developments. Louise shares her views on how this projected ‘no supply’ gap could affect the Scottish housing market in the long term.
Given the current legislative landscape, attracting investment back into the Scottish BTR sector is a challenge. Louise discusses potential strategies that could be employed to encourage investment, emphasising the importance of creating a more favourable environment for investors while balancing the needs of tenants and communities.
Consulting for Urban Bubble
Lismore’s consultancy services have also extended to Urban Bubble, a company known for its expertise in property management. Louise shares her experience working with Urban Bubble on a consultation basis, detailing how she was able to address their needs and bridge knowledge gaps. This collaboration highlights Lismore’s ability to provide valuable insights and solutions tailored to their clients’ specific requirements.
Urban Bubble has a growing presence in Scotland, and Louise sheds light on their current portfolio and future developments in the pipeline. As the BTR sector continues to evolve, companies like Urban Bubble are playing a crucial role in shaping the rental market, particularly in urban areas.
Lismore’s property management services
Lismore Asset Management offers a range of services, including full property management. Louise explains how Lismore’s approach to property management differs from other companies.
Another service offered by Lismore is the ‘Vacant Property Inspection.’ Louise explains the importance of this service, particularly in ensuring the safety and security of properties that are temporarily unoccupied.
Lismore’s ‘Investor Consultancy’ service is designed to provide clients with expert advice on potential investments. Louise walks us through her approach in advising clients and explains why this service is crucial for investors looking to make informed decisions in a complex and dynamic market.
In this podcast, Louise Amos offers a comprehensive overview of Lismore Asset Management’s services and shares her insights into the current state of the property market, particularly in the Build to Rent sector. Her extensive experience and strategic approach make Lismore a key player in the industry, and her perspective on the challenges and opportunities ahead is invaluable for anyone interested in real estate investment and management.
If you would like to get in touch with Louise: https://www.lismore-am.com/
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