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The Property Podcast

ASK431: Would you rent to someone with a CCJ? PLUS: What type of company should I set up?

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.82K Ratings

🗓️ 4 June 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

Let's dive into your questions and get some answers on this week's Ask Rob & Rob!

  • (0:38) A potential tenant with a CCJ has applied to rent Chris's property. The tenant has a guarantor, and the lettings agent offers a protected rent scheme. He wonders if this provides enough protection or be cautious and asks Rob & Rob for their advice.
  • (3:10) Ashley’s at the start of her property journey and unsure whether to set up an SPV or a limited company. She wants to know the difference between the two and which option would be best for her situation.

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Transcript

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0:00.0

Hi, I'm Rob. And I'm Rob. And this is Ask Rob and Rob.

0:05.0

Hey everyone, this is Ask Rob and Rob, the show where you get your questions in.

0:11.0

This week we've got brilliant questions in from Chris and Ashley, but

0:14.8

before we get to their wonderful questions, let's remind you how you can get your wonderful questions

0:21.3

onto the show. Yeah, so easy. Just go to Property Hub.

0:24.0

dot net slash ask.

0:25.0

That is it. That's where the instructions end.

0:27.0

You can send us a voice note, you can give us a call.

0:30.0

You can leave us a text-based question for our column

0:32.0

in the Sunday Times.

0:33.1

However you do it, just get your question in so we can answer it just like we're about to now.

0:37.8

Hi Robin Rob, it's Chris here.

0:40.4

Firstly, I just wanted to say a big thank you to all the effort you put in and all the

0:44.4

podcasts you've released over the last years which I've just about caught up with now.

0:48.4

I have a couple of questions today in regard to your recent episode on the property disasters, I have one of my own, potentially, regarding a tenant that has applied with C.C.J.

0:59.2

I know that Rob said he would never touch this again while I wondered in this circumstance whether you

1:04.3

would or not. The tenant has a guarantee all and my letting agent also offer a protected rent

1:10.3

scheme. Is this enough protection or should I still be wary?

1:14.0

Many thanks again.

1:15.0

Chris, thank you. I absolutely love this question because it allows me to clarify or expand on what I've already said.

1:22.8

And to give more context, I think it's useful,

1:25.5

me just giving a opinion doesn't really help everyone.

...

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