Australia’s Leading Commercial Property PodcastEp 37: Securing succession plansIf you talk to a lot of investors, as co-hosts Phil Tarrant and Scott O’Neill do, you’ll hear them often say they’re not building portfolios so much for their own benefit as that of the next generation — their kids.Joined by Rethink Investing’s Michael McIntosh, Phil and Scott delve into the topic of leveraging your existing assets to create a fair and equitable succession plan for your next of kin.Michael, who specialises in helping rural families invest in commercial real estate, explains the unique position that many Australian farmers occupy when it comes to equity. The land they sit on is valuable but not very liquid. In considering how to pass on their assets to their family, it can become complicated when everything is tied up in a single entity, and they have some children who want to continue in the family business and some who don’t.The trio also look at how diversifying a portfolio can bring stability to assets such as farms that are often at the mercy of elements out of human control. Share: What You’ll Learn– Leveraging your existing assets to create a fair and equitable succession plan for your next of kin.– How diversifying a portfolio can bring stability to assets such as farms that are often at the mercy of elements out of human control.Resources– Episode 1 of Inside Commercial Property: Commercial vs Residential– Episode 2 of Inside Commercial Property: The Fundamentals of Commercial Investing– Episode 3 of Inside Commercial Property: Commercial Asset Types 101– Episode 4 of Inside Commercial Property: Crunching The Numbers– Episode 5 of Inside Commercial Property: Getting More bang For Your Buck– Episode 6 of Inside Commercial Property: Why this pharmacist invests in the commercial property market– Episode 7 of Inside Commercial Property: How to succeed in commercial property– Episode 8 of Inside Commercial Property: Why 2021 will be the year of growth– Episode 9 of Inside Commercial Property: Five tips to help you succeed in commercial property– Episode 10 of Inside Commercial Property: Boosting your rental yield with a commercial investment– Episode 11 of Inside Commercial Property: The all-inclusive commercial property playbook– Episode 12 of Inside Commercial Property: What you should and shouldn’t do in the current commercial market– Episode 13 of Inside Commercial Property: Securing one of the 100 good commercial properties– Episode 14 of Inside Commercial Property: The top 5 tips even seasonal investors need to know– Episode 15 of Inside Commercial Property: When a residential portfolio stops making sense– Episode 16 of Inside Commercial Property: Commercial investing opportunities of the e-commerce boom– Episode 17 of Inside Commercial Property: Who will win and who will lose as we come out of lockdown?– Episode 18 of Inside Commercial Property: All systems go for Australia’s economic rebound– Episode 19 of Inside Commercial Property: The 101 of buying commercial property through an SMSF– Episode 20 of Inside Commercial Property: The pros and cons of managing a $46.5 million portfolio– Episode 21 of Inside Commercial Property: The purchasing process unveiled– Episode 22 of Inside Commercial Property: What commercial properties will be good investments in 2022 through to 2032?– Episode 23 of Inside Commercial Property: The fundamentals that will impact commercial markets for the next decade– Episode 24 of Inside Commercial Property: How to beat inflation with commercial property– Episode 25 of Inside Commercial Property: Case study – SMSF commercial purchase– Episode 26 of Inside Commercial Property: Rewinding back to accelerate forward– Episode 27 of Inside Commercial Property: Pivoting to a positively geared philosophy– Episode 28 of Inside Commercial Property: A closer look at the commercial conveyancing process– Episode 29 of Inside Commercial Property: Prepping for the next phase of the property cycle– Episode 30 of Inside Commercial Property: How to get the most out of your commercial property in today’s market– Episode 31 of Inside Commercial Property: The worst-case scenarios for commercial investments and how to fix them– Episode 32 of Inside Commercial Property: How to prep your portfolio for ‘rougher’ 2023 conditions– Episode 33 of Inside Commercial Property: Balance the finance books behind commercial portfolios– Episode 34 of Inside Commercial Property: The best buys of 2023– Episode 35 of Inside Commercial Property: An insider’s look into today’s commercial mortgage space– Episode 36 of Inside Commercial Property: The on-the-ground truth of QLD’s commercial market– The Smart Property Investment network, produced by Phil Tarrant– How much cash is required for a commercial property purchase?, from Rethink Investing– Property Investment Calculator from Rethink Investing