Factors are hated as much as traffic wardens with Doug MacSween
In this episode, we talk to Doug McSween of 91BC. Doug is a partner in a successful factoring company based in Glasgow and it was interesting to talk to him about the sector. Many property investors despise factors, eating into the cash flow and overcharging for maintenance but like any industry, there are good and bad.We discuss:What a factor is and what exactly they do for their moneyHow did they generate income and do they take on markup on maintenance jobs and insuranceWhy factors get a bad name and what can be done to improve standardsHow Doug's company 91BC is modernising the industry with tech systems that offer owners real time informationWhy it is a good idea to have a factor to protect your asset in the long termWhat sort of issues occur when owners do not have a factor in placeConnect with Doug:https://91bc.uk/https://www.linkedin.com/in/doug-macsween-6040a846/Email: doug@91bc.uk⭐️⭐️⭐️⭐️⭐️ Hope you find it useful and we would appreciate it hugely if you could find time to leave a review on Apple Podcasts. Connect with us on social media: Join the Scottish Property Podcast Facebook Group: https://www.facebook.com/groups/628274537711227/Steven Clark on Instagram: https://www.instagram.com/stevenclark84/Nick Ponty on Instagram: https://www.instagram.com/nick_ponty/ Email us: Steven@steven-clark.com Nick@arcproperty.uk