The Property Podcast

Okay so this sounds like it could be a bit of a click bait podcast episode but we promise you it's not. This is a really important one, and you won't want to miss out.  Find out why an influx of overseas investment in the northern cities will start a boom due to the resulting supply and demand issue.  Hear from Rob B how deals are going straight to investors in the far east, where they can be sold off-plan at full price in a matter of weeks. And Rob D will tell you how this rings some bells of familiarity for pre-2008 property in London.  News story:  London is dropping like a stone but Manchester is hitting a twelve year high. Read more here. Resource of the week  Do your research before you head to that meeting. Okay, this does sound like it could be slightly creepy but this app will research your potential contact thoroughly and give you the results. We haven't used this yet, so let us know what you think.  Continue the conversation over in the forum  How does the prospect of the boom make you feel?  Let us know over in the forum If you enjoyed The Property Podcast, please leave a review on iTunes Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air. If you’d like to hear your name on the show, leave us a review on iTunes here. Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.See omnystudio.com/listener for privacy information.

It's time for another couple of questions in this week's edition of 'Ask Rob & Rob'. Two listeners... ...ask Rob & Rob...How can two valuations be so far apart? PLUS: Is a digital tenancy agreement legal? ASK YOUR OWN QUESTION TO ROB & ROB! Don't be shy! All you need to do is leave a message with your name and whatever's on your mind. Just pick up the phone and call 013 808 00035 (normal UK call rates apply). Or if you prefer, click here to leave a recording via your computer instead. NEED MORE ANSWERS? The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors. Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way. Just don't hang around - there are only four Summits each year, and just 16 places available at each! Interested? Click here to find out more.See omnystudio.com/listener for privacy information.

First of all we celebrate the huge success of Rob D's book launch last week Thank you to everyone who supported the book so brilliantly, it is hugely appreciated! Keep spreading the word to anyone you think will find it useful. It's Meetup night tonight - the perfect opportunity to talk property with people who are as geekily obsessed as yourself. Check out all the details here. This week in The Property Podcast we look at alternatives to the standard BTL such as crowdfunding (in a couple of different ways), hotel rooms, student accommodation, ground rents. If you enjoy this topic you will also want to check out this earlier episode with Pete Matthews. News story: Here's what the experts think the election means for house prices In a word, not very much. But you can read the article in full here and of course we will keep you all up to date with any news on this over the coming weeks. Resource of the week Thanks to Matt in Dubai for this resource, which is an app called Measure Your Land. It really is super easy to use and  brings up a Google Earth aerial view of an area/plot you are looking at. Very useful for research proposes!  Continue the conversation over in the forum Have you ordered your copy of the book? What is your must-add tip that you would include on How to be a Landlord? Let us know and join the conversation over in the forum! If you enjoyed The Property Podcast, please leave a review on iTunes Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air. If you’d like to hear your name on the show, leave us a review on iTunes here. Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.See omnystudio.com/listener for privacy information.

It's time for another couple of questions in this week's edition of 'Ask Rob & Rob'. Two listeners... ...ask Rob & Rob...One property or two? PLUS: How do I build these flats? PLUS: What's the impact of a falling lease term? ASK YOUR OWN QUESTION TO ROB & ROB! Don't be shy! All you need to do is leave a message with your name and whatever's on your mind. Just pick up the phone and call 013 808 00035 (normal UK call rates apply). Or if you prefer, click here to leave a recording via your computer instead. NEED MORE ANSWERS? The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors. Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way. Just don't hang around - there are only four Summits each year, and just 16 places available at each! Interested? Click here to find out more.See omnystudio.com/listener for privacy information.

We're very excited to announce that Rob D's new book came out yesterday and we may be biased, but we think it is his best yet. In this week's special episode of The Property Podcast, we are going to discuss 'How to be a landlord', with tips from the book, and from all sorts of other places. Also, we have Meetups next week. The evening's are lighter so there's no excuse not to join your nearest get together. Find all the details here. You'll need to listen to the episode in full to get all of this week's tips and info, but here are some notes you may want to jot down. You can make property management a lot easier with some little tricks and processes.  Communicating with tenants: Writing is better than phone Do whatever’s easiest for them - WhatsApp group, text, even Facebook You don’t have to give out your phone number - Skype or switchboardfree Set out ground rules at the start about when you’re contactable, and stick to them! Chasing up rent: Ideally use direct debit - you’ll know it’s set up properly Diarise rent date and make contact on the same day if it doesn’t come in Have a process: e.g. text day 1, call day 3, final warning day 5 Don’t fall for sob stories If you have RGI, make sure you notify them in line with T&Cs Dealing with emergencies: Define “emergency" Instruct tenants about what to do in an emergency. Often, calling you isn’t the best thing to do Consider landlord emergency cover Dealing with routine maintenance: Build up trades contacts and treat them very well Save a visit by seeing if it’s something the tenant can easily sort - e.g. washing machine filter, defrost fridge, unblock sink, re pressurise boiler Communicate clearly around damp and condensation - explain the difference Use routine inspections to look for condensation, and also look for early signs of repairs that will need doing (including external) Inspections: Quick check of each room Check smoke alarms Visually inspect electrics Look for fire risks Look for condensation Look for early signs of repairs that will be needed (including external) Conclusion: Work smart, not hard Use checklists to get the best result every time Be proactive and stop issues from happening in the first place Oh, and of course the first thing you need to do is purchase a book that tells you exactly How to be a Landlord, right? Funnily enough, we know just the book. News story: General Election Obviously the biggest news story of the week is Rob's new book but we also gather the Prime Minister has called a snap General Election. We'll obviously keep you fully up to date over what this means for you in property terms. Resource of the week This week's resource of the week is obviously Rob's book - make sure you get yourself a copy! Continue the conversation over in the forum Have you ordered your copy of the book? What is your must-add tip that you would include on How to be a Landlord? Let us know and join the conversation over in the forum! If you enjoyed The Property Podcast, please leave a review on iTunes Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air. If you’d like to hear your name on the show, leave us a review on iTunes here. Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.See omnystudio.com/listener for privacy information.

It's time for another couple of questions in this week's edition of 'Ask Rob & Rob'. This week Rob (yes, another one) and Daniel... ...ask Rob & Rob...One property or two? PLUS: Selling a property within 6 months The Robs give their take on these topics. What do you think? Head over to the forum to discuss. ASK YOUR OWN QUESTION TO ROB & ROB! Don't be shy! All you need to do is leave a message with your name and whatever's on your mind. Just pick up the phone and call 013 808 00035 (normal UK call rates apply). Or if you prefer, click here to leave a recording via your computer instead.   NEED MORE ANSWERS? The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors. Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way. Just don't hang around - there are only four Summits each year, and just 16 places available at each! Interested? Click here to find out more.See omnystudio.com/listener for privacy information.

What makes the perfect rental property? This week The Robs give their tips on what to do and what to avoid, in order to create the ideal rental property for both you and your tenants.  What is more trouble than it's worth? What is an absolute essential? The Robs give you their take on how to make your property work for you and ensure it gets tenanted quickly and with no fuss.  In other news, we're putting the finishing touches to the next edition of the magazine, it will be with you very soon and includes and interview with Grand Designs presenter McCloud (yes, we're pretty excited about that too). PLUS there is a webinar coming up just for magazine subscribers which you will be very excited about, so watch this space.  Rob D has finally completed his new book 'How to be a Landlord' and we all think it's his best one to date. Keep an eye on your inbox for news on that very soon. Now, back to the subject in hand this week - what do you need to do to create the ideal rental property?  Flooring: - Good quality laminate is good for kitchens, bathrooms and high-traffic areas. Make sure it won’t easily rip or warp, don't skimp.  - Dark coloured carpets only! Good underlay makes cheap carpet feel thicker. Walls: - Paint straight onto plaster if you can - Mainly white or very light grey paint – same colour and brand in every property - Feature wall - Water-resistant eggshell or acrylic paint in bathroom and kitchen Bathrooms: - Shower over bath rather than shower tray - Electric shower so it’s not dependent on boiler - If possible, second bathroom or at least another toilet so if one breaks it’s not an emergency Kitchens: - Replacing cupboard doors and work surface might be enough to make it look new - Avoid integrated appliances. A Gardens: - Pave over as much as possible - If you can convert some into driveway or parking, do. Electrics: - Plenty of plug sockets - Maybe USB sockets - Get an electrical safety check because will probably need one soon anyway Safety: - Hard-wired smoke alarms, carbon monoxide alarm in rooms with boiler and as appliances, heat detector in kitchen Furnishing: - Avoid as much as possible - including appliances if you can get away with it General: - Don’t impose your own taste! Keep it simple - Don’t over-spec. Rental refurb is very different from a flip (or your own home) - Be active in overseeing the project News story: Rogue Landlords Beware!  There's no bad landlords round here of course, but this will definitely be a big issue for those who are not playing fair and by the rules. Can't be a bad thing, right? Absolutely, provided that it is correctly administered of course! Read more here. Resource of the week So this week's resource of the week is commutefrom.com which helps you decide where to buy a house around London. It tells you which stations are within your preferred commute time of the central London station nearest to your work. It also tells you information like the average house prices, crime rates, and schools in the area. Clever stuff, huh?  Continue the conversation over in the forum What did we miss? Did you disagree with any points? What do you always make sure you do? Let us know your take on this important subject and join the conversation over in the forum! If you enjoyed The Property Podcast, please leave a review on iTunes Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air. If you’d like to hear your name on the show, leave us a review on iTunes here. Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.See omnystudio.com/listener for privacy information.

It's time for another couple of questions in this week's edition of 'Ask Rob & Rob'. This week two listeners... ...ask Rob & Rob...What should I look for when offering finance to another investor? PLUS: Can I use a 2nd charge mortgage to borrow more? The Robs give their take on these topics. What do you think? Head over to the forum to discuss. ASK YOUR OWN QUESTION TO ROB & ROB! Don't be shy! All you need to do is leave a message with your name and whatever's on your mind. Just pick up the phone and call 013 808 00035 (normal UK call rates apply). Or if you prefer, click here to leave a recording via your computer instead.   NEED MORE ANSWERS? The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors. Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way. Just don't hang around - there are only four Summits each year, and just 16 places available at each! Interested? Click here to find out more.See omnystudio.com/listener for privacy information.

Last week it was Scotland v England (or Rob D v Rob B) at the Meetups as Rob D ventured to Edinburgh to our brilliant Meetup there, led by Karen & Bill. Rob B took over the helm at the King's Cross Meetup and both locations were very busy.  Rob D spent a bit more time putting the finishing touches to his new book 'How to be a Landlord' but we'll tell you more about that over the next couple of weeks.  Now on to this week's big topic - all about lease hold.  Something that puts some people off - and fear often comes from lack of knowledge. So let's get educated.  What is leasehold?  You don’t own the land - you lease the land for a period of time. At the end of that time it reverts back to the freeholder if you don’t renew Typical lease terms are anything from 100 to 999 years You pay ground rent every year as payment for the lease The lease has conditions about what you can and can’t do Most common for flats, increasingly new build houses too   What you need to know  Lease extension is always possible and follows a set formula - BUT Gets more expensive with under 80 years left - marriage value Under about 60 years becomes hard to get mortgage   Things to check before you buy: Length of remaining lease term Ground rent, and if it increases after period of time Any restrictions - like not being able to sublet! Service charge is a bit different but this is important too Get your solicitor to look over the lease in detail   How to extend:  Extension is always for an additional 90 years, with no ground rent payable for this new 90 years Get a specialist valuer to value the extension and a solicitor to serve notice on the landlord, offering terms and how much to pay Landlord has 2 months to respond, either accepting or stating their own terms   Negotiate. After 2 months either party can apply to tribunal for decision Wait for tribunal decision, which is final Can take a year or more from start to finish by the time you’ve waited for various deadlines If it’s close to 80 years and you’re buying, get the vendor to start the process and transfer it to you because you can’t do it in first 2 years   How to make money from leases:  Buy properties with short leases and extend them. Will need to be cash buy or bridging until you’ve done the extension. Make sure there’s a profit even after the extension costs. Buy freeholds. Ground rents give an income stream.     News story: Household savings ratio falls to record low. This is a bit worrying in itself, but we're particularly concerned given that mortgages are cheaper than ever. What will happen when the cost of mortgages goes up? Take a look at this story here.  Resource of the week This week's resource of the week is Pocket Explore. This is an extension of a previous ROTW Get Pocket. Explore Pocket takes this a bit further and helps you find high quality blogs on any given subject. Check it out.  Continue the conversation over in the forum Have you invested in a leasehold or have you been put off?  Let us know your take on this important subject and join the conversation over in the forum! If you enjoyed The Property Podcast, please leave a review on iTunes Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air. If you’d like to hear your name on the show, leave us a review on iTunes here. Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.See omnystudio.com/listener for privacy information.

It's time for another couple of questions in this week's edition of 'Ask Rob & Rob'. This week Abdul & Ivan... ...ask Rob & Rob...How do assisted sales work? PLUS: What should I be aware of with Build To Rent schemes? The Robs give their take on these topics. What do you think? Head over to the forum to discuss. ASK YOUR OWN QUESTION TO ROB & ROB! Don't be shy! All you need to do is leave a message with your name and whatever's on your mind. Just pick up the phone and call 013 808 00035 (normal UK call rates apply). Or if you prefer, click here to leave a recording via your computer instead.   NEED MORE ANSWERS? The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors. Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way. Just don't hang around - there are only four Summits each year, and just 16 places available at each! Interested? Click here to find out more.See omnystudio.com/listener for privacy information.