ASK326: What do you look for in a letting agent? PLUS: How do I calculate the ROI of long-term holdings?

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.8 • 2K Ratings

🗓️ 29 March 2022

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

The guys are back for another round of questions and this week we’ve got two cracking ones. Kicking us off this week is George. George and his partner consider themself pretty hands-off investors and as a result, so they’re looking for an estate agent to help rent out their two properties, They want to know what guidance and tips Rob & Rob have for making sure they choose the right letting agent. Next up, we’ve got a question from John in Ireland. John is calculating the ROI on a property he’s had for a while now. The property has gone up in value, and his initial investment is small so the ROI is looking pretty inflated. Is there another approach he should be taking when comparing it like for like with other investments? Should he consider how much it would cost to purchase now? And if he’s refinanced and pulled out all of his original investment does ROI lose its value as a key statistic? Tune in to find out what advice the guys have got for them. 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

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0:00.0	Hi, I'm Rob, and I'm Rob, and this is Ask Rob and Rob.
0:08.1	Welcome to Ask Rob and Rob.
0:09.6	You know how this works, so let's get straight into it.
0:12.0	We've got two correcting questions coming your way.
0:14.2	Let's have a quick recap first of how you send in your own correcting question.
0:18.1	Yet you can leave us a voicemail on 013808, triple O35, or you can go to PropsyHub.net,
0:26.8	forward slash ask, and leave a message that way, and you know what, if you've listened
0:30.9	to a few of these episodes, you probably know all that off by heart, so let's get to the
0:33.9	good stuff.
0:34.9	Let's get to our first question, and that comes in from George.
0:38.5	I'm Rob, my name's George.
0:41.8	I'm looking to rent out two properties that me and my partner both own, and we're looking
0:47.2	to rent those out through an estate agent just because we're not as hands on as other
0:51.3	property investors necessarily.
0:52.6	I'm just wondering what is your sort of advice, guidance, et cetera, on what to look for
0:58.5	when choosing an estate agent to use to rent out your property, love the podcast, and
1:03.9	all core to it.
1:04.9	Cheers.
1:05.9	Bye bye.
1:06.9	Hey George, thank you for your question.
1:08.5	And you know what, I don't blame you.
1:10.0	It can be hard worth managing a property, but you know where else can be hard, managing
	...

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