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The Property Podcast

TPP218: Complaining is for losers!

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.82K Ratings

🗓️ 18 May 2017

⏱️ 19 minutes

🧾️ Download transcript

Summary

Some people moan all the time. It’s making life worse for them and everyone around them – you need to realise if you’re a complainer, and if you are you can do something about it! When you're complaining: You’re focusing on problems you...

Transcript

Click on a timestamp to play from that location

0:00.0

Hi Rob B here with Rob D and you are listening to the Property

0:03.0

podcast it's episode 2 on 8 and this week we think not only for losers, it's also seriously damaging to your health, your wealth and the people around you and you're not a loser you're a winner because you're listening to the property podcast.

0:26.7

So in this episode we are going to make sure that you realize how dangerous complaining is and we're going to give you some practical tips

0:33.7

to make sure you don't slip into bad habits. That's right and in this week's new story

0:39.2

well simply you've got absolutely no reason to complain because this is one of those rare win-win scenarios.

0:46.1

Yeah this is the homeless reduction bill which has passed Parliament is going to become law at the next Queen's speech.

0:54.0

Basically what it's saying is that councils aren't going to be able to drag out

0:58.0

awarding position under section 21 in the same way as they have done in the past.

1:02.0

So basically what happens is if you go through a section 21 procedure,

1:05.2

you get all the way through, the judge says, yep, you are allowed to have the property back,

1:09.9

and then the council can advise the tenant to stay put until the bailiffs turn up,

1:14.8

to really drag things out as long as they can and tell the tenant that if they don't do that,

1:19.3

then they will be making themselves voluntarily homeless and therefore they won't be re-housed.

1:24.0

Now this is obviously bad for you as a landlord.

1:26.5

It's terrible for the tenant as well because they're having to stay in there

1:29.2

sort right to the bitter end and then be re-homed in a rush with lots of uncertainty.

1:33.4

So the guidance for a while has been that councils shouldn't do this.

1:37.3

Now, by law, they're not going to be allowed to do that.

1:39.8

They're going to need to help tenants earlier.

1:42.0

So indeed, Rob, a rare piece of good news. Let's enjoy

1:45.1

it and let's not complain about anything. No, let's not, including that we've had to record

1:50.0

this twice because the recording didn't work first time around. But we will not do that and to be this

...

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