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The Property Podcast

ASK221: Is this property too cheap? PLUS: How much should I be paying my letting agent

The Property Podcast

Rob Bence & Rob Dix

Business News, News, Business, Education, Investing

4.82K Ratings

🗓️ 4 February 2020

⏱️ 9 minutes

🧾️ Download transcript

Summary

This week on Ask Rob & Rob, the guys are helping one caller decide whether getting a cheaper property is a risk or should they be going for a property with more value?  Our first caller, Stephen from Glasgow, is currently looking to make another investment. He’s been investing in property for years and currently has £30,000 to invest with.  Stephen has got his eye on a few properties in an upcoming auction which are going for around £25,000-£35,000. But, he’s in a dilemma. He wants to know whether he should invest his £30,000 in the cheaper property or a £120,000 property which could benefit from capital growth.  So, do Rob & Rob think that Stephen should go for the cheaper option or a more expensive property with the possibility of increasing the value?  The second question this week comes from Osman, and he’s got a question on lettings. Osman owns one property and he is looking to get a fully managed service for it. He wants to know what the average fee for a fully managed service is. Osman has had three quotes now, but he isn’t impressed with what he’s received. As Osman only has one property, he’s unsure on how much discount he could negotiate with agents.  So, will Osman be impressed with the average fee for a fully managed service?  Tune in to find out... Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving 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.  Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself 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.

0:03.6

And I'm Rob.

0:04.6

And this is Ask Rob and Rob.

0:08.6

Hello everyone and welcome to Ask Rob and Rob.

0:11.1

The show that you give us questions and we deliver you answers.

0:15.2

Yes, you probably know the format by now and you know what you probably even know how to get in

0:19.2

touch with us and give us your questions, but just in case, Mr Mr D, can you remind them how to do it?

0:24.4

course again. All you've got to do is call 013, 808 triple 035. That's

0:28.7

013, 808 triple 035, or you can go to Property Hub.

0:33.0

dot net slash ask.

0:34.0

Both methods will achieve the same thing.

0:36.0

You can leave a voicemail, send us your question

0:38.0

and then we'll give you an answer

0:40.0

just like we're about to for Stephen.

0:42.0

Hi Robin Rob, it's Stephen here from Glasgow.

0:45.0

I just want to say thank you very much for all the content that you guys pay out.

0:49.0

I've been investing property for eight years, but there's so much that I've learned from your

0:53.5

podcast so thank you so much there's a couple of things that I've seen and

0:58.0

the January are coming up in auction they seem to be quite cheap so we're kind

1:02.2

between like 25 and like 35, 40,000 pounds.

1:06.2

The only issue is that it's below what I can get a standard mortgage for.

1:10.3

So I can get mortgage, but it's looking at around 7% so I've crunched the numbers and the return

...

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