ASK51: What's the catch with student pods?

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.8 • 2K Ratings

🗓️ 16 August 2016

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week on Ask Rob & Rob, Sam... Asks Rob & Rob – What's the catch with student pods? Rob D starts by agreeing that the propositions offered can look attractive and if all pans out as promised then they do indeed sound great. The key, however, is trying to figure out if things will work out as promised by the developer! So for this reason it's absolutely key to look at the previous projects of the developer and see if their history backs up their claims. Rob B is against student pods as he feels they're weighted heavily in favour of the people selling the product as opposed to those owning the product. He suggests that many of the claims made by the developers are greatly exaggerated at best. He also makes a very good point in saying that the mortgageability on student pods is pretty much non-existent, and the market if you want to sell is extremely limited. Rob B finalises by saying he'd never buy one and he would never offer them to RMP customers - so no sitting on the fence here! 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. 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 Rub and Rub.
0:07.0	Hello everyone and welcome back to another episode of Ask Rob and Rob where you ask us
0:14.6	questions and we give you answers as simple as that and it's simple to get your questions
0:20.6	on the show.
0:21.6	It's really simple loads of people are doing it and we
0:24.8	would love it if you did it as well. All you have to do is call 013, 808,
0:29.9	AAA 35. That's 013, 808, Triple O'35 and leave us a voicemail there. Or you can leave
0:37.2	us a voicemail via your computer instead. If that's more convenient, just go to the
0:41.6	Property Hub. dot Net slash Podcast. Dead easy to do. We'd love it if you did and Sam already has.
0:48.6	Let's hear what Sam has to ask.
0:50.6	Hi Robin Rob, it's Sam Jones from the Brecken Beacons here and I've got a question for you.
0:56.4	I have a small by-to-let portfolio and I'm looking to keep it diversified in terms of the property
1:01.4	types and their locations.
1:03.0	I've recently been looking at offers on the purpose-built student pods.
1:07.0	The developers are offering competitive prices, guaranteed rent for several years and even quite decent returns on your deposit funds
1:15.9	whilst they're still completing the build.
1:18.8	I'd love to hear your opinions on the upsides and the downsides these types of by tolets.
1:23.0	Thanks so much for all the content you put out.
1:26.0	It's really renewed my enthusiasm and my confidence and it's led me to expand my portfolio in the last couple of years
1:32.0	quite a bit, so I'm really grateful I'll
1:34.2	look forward to hearing your thoughts thanks. Okay Rob I could hear your
1:38.4	breathing's changed I'm gonna hold you back for a minute though I could
	...

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