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The Property Podcast

TPP082: The Dark Side of Property Investment

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.82K Ratings

🗓️ 9 October 2014

⏱️ 30 minutes

🧾️ Download transcript

Summary

This week we went over to the dark side…of property investment, naturally, and talked about the many dangers that lurk there for unsuspecting investors. Some of the nasties lurking on the dark side that we talked about were: “Free” “courses” tha

Transcript

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0:00.0

It's time for the property

0:06.3

It's time for the property podcast where every week tens of thousands of property investors

0:11.2

new and experience joined together to get news

0:13.9

knowledge and laughs at our expense with me Rob Bence and me Rob Dix

0:19.2

join us every Thursday morning for your weekly dose of property ideas and motivation.

0:24.4

Then head over to our website at the Property Podcast.com to keep the conversation going.

0:29.4

Now though, let's get started.

0:31.6

Hello and Let's get started.

0:41.0

Hello and welcome to the Prompty Podcast. It is episode 82 and Rob B. With me as always is Rob D. Good good evening wherever you are thanks for

0:44.4

joining us yes thank you very much we've got what appears on the face of it to be

0:49.1

another Moni episode today must be the day's starting to draw in bit. I don't know what it's doing to us.

0:54.4

But yeah, the dark side of property investment is what this one's called. But I don't think it will turn out to be that

1:00.0

Moni. I think it should be hopefully enlightening instead and we did an episode recently on

1:04.0

property investment room 101 which we thought was just us moaning for 20 minutes but

1:08.4

apparently people really enjoyed so hopefully you'll enjoy this one as well

1:12.0

also lots of news, lots of resources, all the usual.

1:16.0

Okay and as per usual we always start with a news piece and this week we're looking, new rules for letting agents.

1:23.4

So as of October 1st, let an agents now have to be, by law,

1:29.9

so this is no longer optional,

1:31.2

have to be signed up to a address scheme from today.

1:35.1

So a redress scheme, maybe the property on the husband for example.

1:38.7

All Latin agents from now should be part of that scheme. So if you're looking at a Latin agent, make sure that they are part of one of those schemes because really they should be anyway well in advance because it's easy for them to do and it protects you. So if they haven't already, that's worrying.

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