TPP283: When Refurbs Go Wrong - Working With Builders: Part Two

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.8 • 2K Ratings

🗓️ 16 August 2018

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Refurbishing property is a tricky business but if you can get it right, the rewards are there. A good builder is obviously essential if you intend on making this your strategy. To help, we’ve been speaking with Ian; a builder with more than 30 years in the business. We learnt so much from Ian in the last episode, we had to get him back for another lesson. This week we focus on what a lot investors worry about - “What if something goes wrong?” NEWS THIS WEEK Two headlines caught our attention this week: Rents in UK will rise for next five years, experts predict and Rents have merely kept pace with RPI over past five years. On closer inspection these stories seem to be linked and are pretty dramatic when taken at face value. Is this another case of things being blown out of proportion? HUB EXTRA We always try and give you extra with Hub Extra. This week we want to save you extra. We wanted to share MileIQ. This is a great tool for tracking how many tax deductible miles you are driving. JOIN THE CONVERSATION OVER IN THE FORUM Share your stories with us - Join the conversation in the forum. IF YOU ENJOYED THE PROPERTY PODCAST, PLEASE LEAVE A REVIEW ON ITUNES Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air. If you’d like to hear your name on the show, leave us a review on iTunes here. Not sure how to leave a review? This video shows you how to review and subscribe on iTunes. See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	This week on when builders go bad.
0:05.0	No it's not when builders go bad, it's the Property Podcast and Rob B with Rob D,
0:10.0	but we will be covering when your build goes wrong, We will be covering if you fall out with your developer and loads of other useful stuff too.
0:17.0	Yeah, thank you for joining us on the Property Podcast where every single Thursday
0:26.6	property investors just like you come together to be informed and inspired.
0:30.3	So much great information in our main topic this week.
0:33.0	We've also got a pair of news stories and stick around to the end for Hub Extra where we've got an app that's going to make your life easier and save you some money.
0:40.0	So we've got two news stories of the week, the linked. Now the first one has a big
0:45.9	exciting headline that rents will be rising over the next five years by a whopping
0:52.0	15% sounds excited doesn't it but once again there's more
0:57.4	the meet the eye when it comes to the headline yes this is reported in the
1:00.4	guardian and it comes from a study done by Rix, the Royal Institute of Chartered
1:05.4	Surveyors, who predict that rents are going to rise by 15% over five years.
1:10.7	And they've put this down to the tax changes that have been made, meaning that
1:14.0	landlords are exiting the sector, therefore fewer rental properties, therefore higher
1:18.2	demand, therefore higher rents. Now I'm not going to argue with the fact that some landlords
1:22.3	are leaving the sector because of tax changes. I'm sure they are and I'm not going to argue with the fact that some landlords are leaving the sector because of tax changes.
1:24.0	I'm sure they are and I'm sure more will in the future.
1:26.0	And I'm also not going to argue that rents aren't going to go up by 15% over the next five years
1:31.0	because I've got no data to show otherwise.
1:33.0	Where I do think that this news story has taken a wrong turn and made it more headline worthy
1:37.1	to be fair, is by linking the two.
	...

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