TPP315: Painful lessons and expensive mistakes: stories from our first development
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 28 March 2019
⏱️ 32 minutes
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| 0:00.0 | Hi, it's Rob B here with Rob D, and this week on the Property Podcast, we've got a story about |
| 0:07.0 | a developer whose project overran, came in quite late, and went so over budget that they made a loss. Oh and the developer was |
| 0:16.4 | us. |
| 0:17.0 | Thank you for joining us this week on the Property Podcast where every week |
| 0:26.3 | property investors come together to be informed and inspired. And today the |
| 0:30.0 | source of that information and hopefully that inspiration is our own failure. |
| 0:34.3 | This is going to be part confessional and part therapy session and is not going to be comfortable |
| 0:38.4 | for us to record. But there should be lots of lessons for you to come away with. |
| 0:41.9 | So it's time for our new story of the week. |
| 0:45.0 | And the headline Rob of this week's story reads, |
| 0:48.0 | Holmes Fitness Act allows tenants to sue landlords over property condition. |
| 0:52.0 | What's going on? Yeah, I thought I'd dig out a good news story. to sue landlords over property condition. |
| 0:52.6 | What's going on? |
| 0:53.6 | Yeah, I thought I'd dig out a good news story to get us going this week. |
| 0:56.2 | You can now be sued by your tenants. |
| 0:57.8 | Congratulations. |
| 0:58.8 | This actually sounds a lot worse than it is. |
| 1:00.8 | So this is a new law that means rather than having to go via the |
| 1:04.2 | council to report disrepair, tenants can now go directly to court and sue their |
| 1:09.5 | landlord if their home is unfit for human habitation. |
| 1:13.0 | Now opening up the possibility of being sued clearly is not a good thing, |
| 1:17.0 | but in reality this isn't such a big deal. |
... |
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