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The Property Podcast

ASK152: Should I increase the rents on my buy to let property? PLUS: How can I access off-market investment property?

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 4 September 2018

⏱️ 6 minutes

🧾️ Download transcript

Summary

We have a great few property questions on this week’s ask Rob & Rob. Karmjit is keen to find out more about rent increases across his buy to let properties. This is his first year as a buy to let investor so naturally he wants to know if there’s an industry standard on annual rental rises. How do landlords usually handle rental increases? Do they follow RPI or do they increase by a set percentage each year? The answer is in-depth and there are a few options, so make sure you listen to this week’s podcast to find out just how Rob & Rob would handle this situation, or even if they’d look to increase rent at all. This week’s second question came from John who has a healthy portfolio of 16 buy to let properties. He’s interested in possibly one of the biggest property secrets - how to access off-market investment property outside of the usual routes like Rightmove and Zoopla. John also wants to know what Rob & Rob think of property courses which attract a sizeable fee. There are many of them around, but can you get this property education for free elsewhere? Find out this week and get some valuable property investment hints and tips from Rob & Rob. Do you have a question about investing in buy to let property you’d like answering? Don’t be shy, the process is simple. You just need to call 013 808 00035 and leave a message with your name and question (normal UK call rates apply). Or if you prefer, click here to leave a recording via your computer instead.  The next question on Ask Rob & Rob could be yours. In the meantime, if you’re interested in learning more about investing in buy to let property from like-minded people, join the conversation over in the Property Hub forum. It’s full of people just like you, hungry for more property investment information, so head on over and introduce yourself. See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm Rob.

0:03.2

And I'm Rob.

0:04.2

And this is Ask Grub and Rob.

0:06.0

Hello everyone and welcome to Ask Rob and Rob, the show where you give us the questions

0:12.3

and we give you the answers.

0:14.1

This week we've got a couple of cracking questions in from our wonderful hubbers.

0:17.9

I know those two questions did not arrive by carrier pigeon.

0:20.6

They actually came by the two methods we describe every week but here's a quick

0:23.8

reminder of how you can get your questioning. Yep you can just give us a call

0:27.3

oh 1.3808. That's 1.8.8.8.8.8.8.00.35 and you can leave us a, there, or you can do exactly the same thing but by going to

0:36.2

the Property Hub. net slash ask.

0:38.4

So while you're pondering which question you'd like to ask, let's hear from today's first

0:41.4

questioner, this is Kalmjet.

0:44.0

Oh, hello Rob, I'm Rob. My name is Kalmjet.

0:48.0

Have a quick question on rent increases.

0:51.0

So later on in the year I'll be coming up to my first year as a

0:55.4

by-to-let investor. I just want to know what the kind of industry standard was regarding

1:00.2

rent increases. Do most investors increase the rent with RPI or

1:05.0

does it involve a bit more negotiation with the tenant? I really wanted to

1:09.7

automate the whole process as I moved forward so if I decide on RPI rental increases this year I want to do that across all my properties now and in the future.

1:20.0

I'm interested to know what you do with regard to annual rent increases on your property.

1:25.6

What are the investors do?

...

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