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The Property Podcast

TPP362: What would this property expert do if they started again?

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 20 February 2020

⏱️ 24 minutes

🧾️ Download transcript

Summary

A couple of weeks ago Rob B was joined on The Property Podcast by property investment legend, Mark Morris. If you haven’t listened to it yet, then go and give that a listen before this episode. The response from his last appearance was incredible, with dozens of you saying how inspiring you found it and how it was giving you the motivation you needed to work towards your goals.  Well, this week he’s back!  But this time Rob B is picking his brains over what Mark would do if he were to start all over again from the beginning. Would he do anything differently? What strategy would he choose in today’s market? Tune in to find out. And what’s the one piece of advice that Mark would give new investors?  Goal setting.  We kid you not, Mark is on the same page as Rob & Rob when it comes to how important goal setting is. He’s a fan of having both long-term and short-term goals.  What other bits of knowledge would Mark give? Because after all, hindsight is a wonderful thing.  Well, you’ll have to tune in to find that out.   And in the news this week we had a bit of a shock as a staggering 500,000 rental homes are lost to Airbnb and others. However we weren’t in shock when we discovered that the news story that went along with that headline wasn’t all that true.  The article says that they might be lost from the long-term lettings market to the short-term lets. It’s based around a survey that ARLA did where they surveyed their members to find out how many of them would consider switching to short-term lets to avoid some of the regulations that have recently come in. And the results showed that only 1 in 10 landlords would consider switching to shorter term lets than the typical long-term. So once again, the media is trying to scaremonger us.    This week’s Hub Extra is a simple quote that fits perfectly with today’s episode and what Mark has talked about. It’s a quote from C.S. Lewis: ‘Experience: that most brutal of teachers. But you learn, my God do you learn.’  And we really hope that you’ve learnt a lot more invaluable knowledge from today’s episode and continue to do so. You can guarantee that in your property journey you’re going to make mistakes, but it’s important that you learn from them to really make a difference.    We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do.   Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week! If that wasn’t enough, you can also join our friendly property community on the Property Hub forum. See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi Rob B here,

0:03.9

here with Rob D and you are listening to the Property Podcast.

0:06.8

Now many of you will be on your Property Journey,

0:09.6

but wouldn't be great to hear from a Property Expert

0:12.3

who's finished their Property Journey, who's been able to retire,

0:15.3

but tell you what they would do differently if they started again. In this week's episode,

0:20.0

we're in the fortunate position that we can bring you all that experience.

0:24.0

Welcome to the property podcast where every Thursday investors come to be informed and inspired.

0:35.0

A couple of weeks back we had Mark Morris on the show and it was one of the most popular

0:39.7

episodes we've done in a long time. It was so popular in fact we've got Mark back again and

0:45.0

he's got even more knowledge to share so this is an episode you will not want to miss.

0:50.3

Rob quite a shocking headline for this week's news story and shock is it actually in the headline it says shock as

0:57.3

500,000 rental homes have been lost to Airbnb and others

1:02.0

That is shocking say it ain't so, Rob.

1:05.0

Would you be shocked, Rump, if I told you that headline wasn't entirely representative of the story?

1:09.0

Another shock. Yes, and the headline here is, Shock as half a million rental homes are lost.

1:14.8

The rental homes aren't lost to the Letting's market.

1:17.2

This is actually saying they might be.

1:19.4

So that's massively inaccurate to start with.

1:21.6

And then this is based on a survey by Arla who surveyed their members

1:24.9

and as how many of them would consider switching to short-term let's to avoid lots of

1:29.1

the regulations that have come in and things like the tax changes and all that kind of thing.

...

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