Hey everyone, it's Rob B here and with Rob D.

And today we are going to take you right into the property danger zone, the highway to the danger zone, ride into the dangers.

No, I must stop.

But there is a danger zone and you need to know about it.

Yes, welcome to the property podcast. Thank you for joining it. In case you don't know, we run a business that buys more than £100 million worth of property every year for our clients. You can find out about that at property hub.net slash invests. And from the process of working with so many clients, working with hundreds of investors every year, we know that there is a property danger zone. So in this episode,

we'll tell you what it is, why it's so dangerous. And if you are there right now, we'll tell you

how to escape it. It's time for our new story of the week. And this week's new story comes

courtesy of The Guardian. The headline reads, rental deposit scheme in the UK puts millions in the

pockets of landlords. Rob, I must be missing those pockets. Where are they? I want the millions. Oh, this has annoyed me, Rob. I'm a calm person. You know I'm a calm person, but this one really wow me up. You are a very calm person, Rob. You've worked with me for over 10 years. Well, more tricky than you is dealing with Generation Rent, who need to have a grievance every week to keep themselves in the news.

And they've done it because they're in The Guardian. But according to them, the official rental deposit scheme is ripping renters off. So get this. According to them, almost half of renters, 46% did not know that they could challenge deposit deductions that they deemed to be unfair. They didn't know. even though by law as a landlord you have to serve a leaflet at the point of moving in or

point of renewing a tenancy that they deemed to be unfair. They didn't know, even though by law as a landlord, you have to

serve a leaflet at the point of moving in or point of renewing a tendency, saying, here's how

you rent a property, here's how this works, here's how that works, here's all the terms of

conditions of the scheme. And if you don't do that, you can't use Section 21. So if that's not

enough, I really don't know what is. And then it goes on to gripe about the scheme more generally. But for me, there are lots of problems with renting property in the UK. Absolutely tons. But the deposit scheme is not one of them. It seems to be something that actually works pretty well. And it works because it defaults in favour of the tenant. If there's no photographic records, you can't prove anything, it always goes in their tenant's favour. But whenever I've made a claim, I've never had a

problem with that either, because I've been able to show evidence, and it's all good. So there's nothing very constructive to take away from this, Rob, except this has annoyed me. That's basically the news this week. I got annoyed. Well, it doesn't happen very often, Rob, so that is newsworthy. That's how about you are annoyed. And it's no surprise you're annoyed, because this is typical of what we report on in this segment of the show is a very misleading headline, missing important detail, and then people being led by those headlines are going, those blooming landlords, they're evil, aren't they? Because you would, if you're just a pass-up eye and you scan that article, it wouldn't be unfair for you to think, oh, landlords raking it in, what are they like? That's the problem with the stories. It's misleading. It's not ballast at all. But that's why we have the podcast. That's why we bring you new stories. That's why we get beyond the headlines. And that's why we'll keep doing this segment at the show, because it does keep your updated, but it also helps you understand how you need to go beyond headlines, not just in property,

but in most areas of life when you read the news. But we'll do our little bit and you continue

to be vigilant as well. There is a hidden danger zone in property and you, yes, you listening right now,

you might be living in this danger zone right now without even realizing it. And what makes

it so dangerous is you go into property because you dream of financial freedom and security

and a more stress-free, relaxed kind of life. But there's a stage where you don't just not have

those things yet. You have the exact opposite. And we've been doing

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