TPP581: 7 property disasters we've had in the last 12 months! (PLUS: Big evictions news)
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 2 May 2024
⏱️ 28 minutes
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| 0:00.0 | Hey everyone it's Robby here with Rob D and it's a painful episode this week because Rob and I |
| 0:09.4 | are going to share seven disasters that have gone wrong with our property portfolios in the last 12 months. |
| 0:18.0 | It's a painful episode, but by sharing our pain, you can learn the lessons. |
| 0:23.7 | Yes, welcome to the property podcast. |
| 0:31.7 | Thank you for joining us. In case you don't know, we've got a company that bought over a hundred million pounds worth of property for our clients last year. You can find out about that at Property Hub. Net slash Invest. But today, yeah, we are sharing the painful experiences that property has put us through over the last year. |
| 0:46.0 | But to delay that moment for a couple of minutes, let's have a quick look at what's been the news this week. |
| 0:50.0 | So Rob, a massive news story of the week not everyone that may have heard this has happened but it's absolutely massive for property |
| 0:58.5 | We finally have the full details of the renters Reform Bill because the bill is passed through |
| 1:04.9 | the House of Commons and you've recently very recently in the last few days |
| 1:09.8 | created a YouTube video which gives all the detail but I thought it'd be interesting |
| 1:14.9 | actually before we give our reaction next week let's give the reaction of |
| 1:19.2 | YouTube to this news because this video after 24 hours has already had over 100 comments. |
| 1:26.2 | A lot of people have a lot to say on this subject. |
| 1:28.9 | But before we get into what people are saying, let's give everyone the headline of what is happening with the renters reform bill and what it means to |
| 1:36.5 | them as a property investor. Yes so I'm going to assume that you know the background |
| 1:41.0 | to this which is that it's a big bill that's been going on for more than a year |
| 1:44.7 | bringing in various changes to reform the rental sector of which the big one is the change to |
| 1:49.8 | tenancies so now all tendencies rather than being six months 12 months whatever they're |
| 1:54.7 | all going to be open-ended they will run on until you've got a good reason to end it |
| 1:58.5 | that good reason can be selling it or moving it back in but it can't be no reason at all no fault |
| 2:03.8 | evictions are going to go away so if you want a tenant to leave you must take it |
| 2:08.3 | to court and you must provide a reason that they agree with this bill has been |
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