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The Property Podcast

TPP388: How to deal with doubters

The Property Podcast

Rob Bence & Rob Dix

Education, Business News, Business, News, Investing

4.82K Ratings

🗓️ 20 August 2020

⏱️ 28 minutes

🧾️ Download transcript

Summary

At some point in your property journey you’re going to get people who are questioning what it is you’re doing.  People that doubt you’ll make any money from investing in property and they’ll try and put you off.  So in this week’s episode of The Property Podcast, Rob & Rob are going to discuss how you should deal with them, but more importantly, why you should encourage them.  Sounds crazy, right?  What if we told you that you should use what the doubters say as momentum to spur you on? Because that’s exactly what Rob B did himself about a decade ago.  Rob B shares a personal experience in today’s episode and it might just give you the push you need to keep going and ignore the haters.   In the news this week, ‘collapse of Airbnb popularity produces glut of long-term stock’. After speaking to Chris Ryder a few weeks ago, you wouldn’t expect to see this headline, especially now it seems the majority of the population are enjoying staycations this summer.  However research from Hamptons International has shown that one in eight properties coming onto the market in inner London have previously been on Airbnb or other short term let websites.  It also shows that the number of homes available to rent in inner London is up by 42% compared to last year which is a huge increase! But there are many factors that can contribute to this.  As a result it’s pushing rental prices down. Which is something that The Robs will discuss on next week’s market update.   This week’s Hub Extra is a new podcast for you to listen to! Our podcast producer Dan has also been working on a new podcast called ‘Naked Money’.  The show has Robbie Burns as the host who’s a multi-millionaire stock trader if you didn’t already know. He’s more famous for his book, The Naked Trader which is a book Rob B loved.  So no doubt the new podcast is going to be just as good.    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

Don't do it. That sounds risky. Are you sure? Deltas, you're going to get them on your property journey, but this week on the property podcast,

0:11.0

Rob and I are going to teach you how to deal with them, but actually why you should encourage them. Welcome to the Property Podcast where every Thursday morning property investors come to be informed and inspired.

0:28.0

And we like the Property Podcast to be an inspiring part of your week, something that spurs you onto action, but that's not going to be a constant of your week, something that spurs you on to action, but that's not going to be a

0:33.5

constant of your whole week. You're going to come across people who are a lot more

0:37.2

negative about your prospects. It's inevitably going to happen, so what are you going to do

0:41.3

about it? How do you avoid being

0:43.0

deter? When should you actually listen to them? That's what we're going to get into

0:46.4

in this episode. And stick around to the end because you're a hub extra we've got a

0:49.4

great new podcast for you to check out as well. So it's time for our news story of the week,

0:54.0

and this one's quite interesting,

0:56.0

especially following gone from an episode we had

0:58.0

with Chris Rider on holiday letters recently.

1:00.0

And the headline reads,

1:02.0

Collapse of AirB&B popularity produces glut of long-term rental stock.

1:08.0

Rob, the headline gives you an idea of what's happening,

1:11.0

but the data is really quite astonishing really some of the numbers

1:14.4

that they're reporting here. Yeah this isn't just a marginal thing so we heard from

1:18.0

Chris about how his holiday that's holding up really well and some of the clever

1:21.2

things that he'd been doing to make sure that he wasn't that

1:24.0

affected. Seems like a lot of people who've been using Airbnb and services like that to do

1:28.7

short-term accommodation have been getting out of that market, because according to Hampton's International,

1:34.0

one in eight homes coming on to the rental market

...

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