rental income

Want to turn your rental property into a cash-flowing machine? What about boosting your property’s equity by tens or hundreds of thousands? The “value-add” strategy can do all this and more, but you’ll need to know the right moves to make. Top real estate investors have been using value-add on their rental property portfolios for decades, turning lackluster rentals into financial freedom-producing properties, and you can do the same IF you know how to spot value-add opportunities. So, today, we’re showing YOU how to make MORE cash flow and explode your home equity by tweaking your rental properties in the right ways. Both David and Rob have done this numerous times across multiple properties. In fact, David even shares a real-life example of how he increased the cash flow on one of his rental properties by over $10,000/month thanks to an interesting strategy most rookie real estate investors would completely overlook. Not only that, Rob was able to turn his first Southern California home into a multifamily rental that hosts long, medium, and short-term tenants, and rakes in massive cash flow almost a decade after purchasing it. Whether you’ve got small, big, long, medium, or short-term rentals, you can use value-add to create more passive income and bigger equity gains. Stick around as we give away our secrets on the best value-add moves to make.  In This Episode We Cover: How to use the “value-add” investing strategy to make MASSIVE cash flow on any property  The two most common ways to add value to your rental property portfolio The value-add improvements to spot BEFORE you buy another rental property (most people miss this) Additions, ADUs, and other ways to add more doors to your rental property  Boosting your cash flow by converting your long-term rentals into short and medium-term rentals  What you MUST do BEFORE you start adding on to your rental property And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Dave's BiggerPockets Profile Dave's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube BiggerPockets' Instagram Learn The Original Value-Add Strategy with The BRRRR Book The Renovations That’ll Instantly Increase Your Home Value, Part 1 The Renovations That’ll Instantly Increase Your Home Value, Part 2 How to Do Value-Add Renovations Without Disrupting Tenants Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-911 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Rob & Rob are back to offer their advice to two more listeners! 

• (0.40) - Prima wants to know if it’s smart for her, as a cash buyer living abroad, to invest in Northumberland. 
• (5.00) - Kamil has diversified his portfolio to many different areas, and wants to know the best way to manage these various properties. 

Enjoy the show? 

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It’s a Tuesday, which means Rob & Rob are answering another pair of your questions! 

First is a question from an avid listener, Maddie. 

She’s getting far in her investment journey, and she wants to know the sweet spot of rental income percentage when you’re hoping to finally quit your job. 

Taking a buffer for maintenance costs into account, Maddie wants to know what percentage she should aim for. 

The second question is from Gazi. 

He wants to know if the current cost of living crisis (and rising interest rates) mean that now is not the right time to do a flip. 

But if it is, how does he mitigate the risk as far as an exit strategy goes. 

Press play and hear what Rob & Rob have to say. 

Do you have a buy-to-let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).  

Or if you prefer, click here to leave a recording via your computer instead. 

The next question on Ask Rob & Rob could be yours.  

Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So, get yourself over and introduce yourself. 

And if you’d like to find out more information about Portfolio you can do that here. 

See omnystudio.com/listener for privacy information.

The guys are back for another round of questions and this week we’ve got two cracking ones. 

Kicking us off this week is George. 

George and his partner consider themself pretty hands-off investors and as a result, so they’re looking for an estate agent to help rent out their two properties, 

They want to know what guidance and tips Rob & Rob have for making sure they choose the right letting agent. 

Next up, we’ve got a question from John in Ireland. 

John is calculating the ROI on a property he’s had for a while now. 

The property has gone up in value, and his initial investment is small so the ROI is looking pretty inflated. 

Is there another approach he should be taking when comparing it like for like with other investments? Should he consider how much it would cost to purchase now?  

And if he’s refinanced and pulled out all of his original investment does ROI lose its value as a key statistic? 

Tune in to find out what advice the guys have got for them. 

Do you have a buy-to-let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).  

Or if you prefer, click here to leave a recording via your computer instead. 

The next question on Ask Rob & Rob could be yours.  

Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So, get yourself over and introduce yourself. 

See omnystudio.com/listener for privacy information.

Rob & Rob are back once again to answer two more listener questions. 

Our first question this week is from Alex from Reading.  

He’s recently bought his first buy-to-let property and has naturally spent all his money.  

So now he’s in the process of saving for another deposit.  

But what Alex wants to know is if The Robs have any tips on how he can speed up the savings process so he can purchase properties two and three quicker and start building his portfolio.  

Next up we’ve got Sam from Bedford.  

Sam has been listening to the podcast for a while and now she’s ready to take the plunge.  

She’s really keen to get into the property investment world and she’s wondering if joint ventures are a good way to get started? 

Would Rob & Rob recommend joint ventures?  

Tune in to find out. 

 

Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).  

Or if you prefer, click here to leave a recording via your computer instead. 

The next question on Ask Rob & Rob could be yours.  

Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.

See omnystudio.com/listener for privacy information.

This week on Ask Rob & Rob we’re talking all things money and mortgages. 

Our first question is about leverage and comes from Tyrone. 

He wants to know if there’s a right amount of leverage to go for.  

Tyrone is planning on re-mortgaging his property, but he doesn’t know what level he should go to. So, he’s asking for advice on how to calculate it and how he can balance the risk. 

Our second question comes from James who wants to know about residential mortgages.  

He’s got a three-bedroom property with a residential mortgage that runs out shortly. James has decided that he wants to convert it into a four-bedroom HMO property.  

So now James is wanting to know if he can renew his residential mortgage or if he has to get a buy-to-let mortgage instead.  

Tune in to find out. 

 

Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).  

Or if you prefer, click here to leave a recording via your computer instead. 

The next question on Ask Rob & Rob could be yours.  

Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself. 

See omnystudio.com/listener for privacy information.

This week The Robs are talking about what it takes for them to walk away from a deal.

Usually you’ll hear The Robs talking about taking action, but there are inevitability times when it’s better to walk away. There are certain deals that need a firm ‘no’.  

So what does it take for The Robs to walk away from a deal? And how should you decide whether a deal is really the right one for you? 

Here’s what Rob & Rob are going to cover on today’s episode:

• Price
• Fundamentals
• Rental potential 
• Neighbours 
• Leasehold houses
• Leases with doubling ground rent

This is an episode that you will benefit from no matter what stage of the property investment process you’re in. 

So hit that play button and let us know what you think of this week’s episode.

In the news this week, we’re looking at Wirral Waters, one of the biggest regeneration projects in the country. When it’s complete, the money invested into the area will top over £1 billion, if not more! 

Peel Group have teamed up with developer Urban Splash to bring a £55 million scheme to Wirral Waters. As you’ll know if you’ve listened to The Property Podcast over the past few months, The Robs are big fans of Urban Splash and everything they do - Tom Bloxham MBE even appeared on a few episodes.

This is a development of 337 modular homes, which are factory built and something that Urban Splash are renowned for. 

And in other news… it’s nearly Meetup week! These seem to come around so quickly, but next week we’re back! Some of our more popular locations like London are already sold out, but we do have some tickets left. So be quick and grab yours here. 

This week’s Hub Extra is something the whole team at Property Hub has been using over the past month. It’s a little app called Count.It which encourages you to get up and get fit with a little competitiveness thrown in for good measure. 

You can do this with your colleagues, friends or family and set up a league table to find out who’s the most active. So download the app, invite your competitors and get walking! 

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 brand new 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.

This week on ask Rob & Rob we’ve got two listeners who are questioning mortgage products and funding buy-to-let properties.

First up we’ve got Jay who is wanting some tips on how to raise the initial cash required for investing in buy to let property.

Rob D starts off by pointing out the difference between making money and growing money. Although property can be tailored to both, it is more suitable to the latter.

But how do you benefit from either of the methods mentioned by Rob D and how do you make it happen?

Next up we’ve got Helen who wants to know if the limited company mortgage market is going to disappear after a conversation she had with her mortgage broker.

Rob B pulls no punches with this one. Did you know 80% of the buy-to-let market is made up of limited company mortgages? Listen as Rob B tells it like it is.

 

Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).

Or if you prefer, click here to leave a recording via your computer instead.

The next question on Ask Rob & Rob could be yours.

Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.

See omnystudio.com/listener for privacy information.

We’ve got a treat for you on this week’s property podcast.

Back by popular demand, we have a whole podcast featuring our listener deals - so tune in to hear Rob & Rob reviewing three property investment deals which were sent in to us.

But first, we’re talking about a property headline that’s grabbed our attention (and wound Rob B up!):

Where does rent hit young people the hardest?

There’s no surprise that the answer is London. And there’s also no surprise that people in their 20s who want to rent their own home have to pay an unaffordable amount.

It’s not unusual for someone to pay around 30% of their salary on rental payments, and this is a figure used quite often now. However, in London a whopping £51,200 salary is needed to afford a one-bedroom rental property - much higher than the average across the whole of England which is just under £25,000.

Now, there are a few things in this property and rental report which Rob B just wasn’t happy with. You’ll have to listen to this week’s podcast to find out.

Click here for the full story on BBC news.

Whilst we’ve got you - let’s talk about tax.

The Property Hub Tax is something we launched because we had to - we were simply inundated with tax enquiries and since launching, we’ve been unbelievably busy.

However, we’re about to increase capacity. Great news for you - but bad news if you’re not on the priority list. You could be missing out on valuable, tax advice which could save you thousands.  

We’ll be opening new slots up very soon, so make sure you join the priority list by clicking here.

Now, let’s get down to business. It’s been a while since we’ve reviewed your investment deals and after our shout-out for deals to review, you literally bombarded us! We’d love to have gone through all of them, however we’ve chosen three of the best to run through on this week’s property podcast.

Deal 1 is from Agi in Ipswich. It’s a 2-bedroom end of terrace property with a classic buy-refurb-refinance strategy which Agi is considering.

He’s concerned about his offer and the likelihood of acceptance - this is in addition to a £17,000 refurbishment.

Will this be enough? Would the Robs consider this to be a healthy refurb budget?

Listen as Rob & Rob take us on a journey, tackling research, key indicators and the all-important comparables. Is there lots going on in the area or is it a ghost town?

Follow their conversation as they consider surveyor valuations along with their ultimate verdict on whether this property investment has potential or whether they’d walk away.

Deal 2 is from Adam in Little Paxton, St Neots.

This property needs a lot of work - listen to the podcast for the lovely description given to us by Adam! But despite its condition, does this investment deal have potential?

With a wide range of executive homes in the area, is it best to raise the standards with this one and give it a healthy refurb budget? Or simply do the bare minimum to bring it up to standard?

Whether Adam wants to flip the property or hold and rent it out, the numbers need looking at closely. If it’s the numbers your interested in, hit the play button to hear Rob B run through the calculations and find out whether Adam’s property investment deal would pass the ultimate stress tests.

Finally we have Deal 3 from Sunny who is based in London but considering buying this rather lovely property in Whalley Range, Manchester.

Once Rob & Rob stop quibbling over who’s likely to move in (just take a look at the pictures!) they get down to the all-important financials. Whilst an investment property needing no work doing to it is a major bonus, the numbers still need to stack up.

The Robs investigate capital growth, lack of transport and also agent tactics and the fact that they’re not allowing Sunny to make an offer.

This deal is an interesting one as we listen to pointers on leasehold arrangements and service charges - the devil is most certainly in the detail.

Listen now - it’s a good one. We promise.

Hub Extra:

This week’s top resource is a great tool to help you find a deal using the property portal, Rightmove.

It’s a feature that’s slightly tucked away, but once you know it’s there, you can use it to narrow down your property criteria and deliver the search results you really want to see.

We’re always sharing great tips - particularly in our Hub Extra email which will hit your inbox every Friday if you're signed up. And if you’re not, you can do so here.

 

Get involved:

Are you on social media? We’d love to hear from you, so get following and message us your thoughts on this week’s podcast. And if you have any topics you’d like us to cover on future property podcasts, let us know on Facebook, Twitter or Instagram.

You can also get involved with our property community by joining us on the Property Hub forum.

And if you haven’t done so already, we’d love it if you could head over and leave us a review on Apple Podcasts. Reviews help other listeners find us and we always read a selection out on our podcast too - so you could get a mention.

Leave us a review on Apple Podcasts here.

Not sure how to leave a review? This video shows you how to review and subscribe on Apple Podcasts.

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It's time for another couple of questions in this week’s edition of ‘Ask Rob & Rob’, two listeners ask Rob & Rob...Should I remortgage now, or wait? PLUS: How do I know what's next in the property cycle... ASK YOUR OWN QUESTION TO ROB & ROB!

Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.

Just pick up the phone and call 013 808 00035 (normal UK call rates apply).

Or if you prefer, click here to leave a recording via your computer instead.

See omnystudio.com/listener for privacy information.

It's time for another couple of questions in this week’s edition of ‘Ask Rob & Rob’, two listeners ask Rob & Rob some interesting questions!

ASK YOUR OWN QUESTION TO ROB & ROB!

Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.

Just pick up the phone and call 013 808 00035 (normal UK call rates apply).

Or if you prefer, click here to leave a recording via your computer instead.

 

See omnystudio.com/listener for privacy information.

It's time for another couple of questions in this week's edition of 'Ask Rob & Rob'. Alex and Neil...

...ask Rob & Rob...Should I invest £100k in London or elsewhere? PLUS: Can I challenge these letting agency fees?

ASK YOUR OWN QUESTION TO ROB & ROB!

Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.

Just pick up the phone and call 013 808 00035 (normal UK call rates apply).

Or if you prefer, click here to leave a recording via your computer instead.

NEED MORE ANSWERS?

The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.

Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.

Just don't hang around - there are only four Summits each year, and just 16 places available at each!

Interested? Click here to find out more.

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This week on Ask Rob & Rob, Paddy asked: What do you do in a boom? Slow and steady wins the race. This question (as many do) refers to the 18-year property cycle, so be sure to check out our episode on that. The answer talks about looking at your portfolio in the period leading up to […]

The post ASK40: What do you do in a boom? appeared first on The Property Hub.

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Have you ever been on vacation and thought, it sure would be nice to own some property down here? Well, that’s the subject of today’s podcast, as we speak with vacation rental property owner Scott Sutherland about how he’s built a profitable business owning and managing his vacation rental properties. You’ll learn the step by step process for finding potential properties and analyzing them for profitability, as well as financing ideas and tips on managing the short-term renters. Whether you’re already in this real estate niche or you want to get your foot in the door, we’re confident you’ll get some new insight here. Don’t miss this exciting episode! In This Episode We Cover: How Scott got started in real estate investing His story of taking time off Thoughts on choosing between stocks and real estate The concept of control in real estate How to get into the niche of vacation rentals Strategies for properties that don’t typically cash flow What exactly a vacation rental entails The ins and outs of vacation rentals, including pros and cons How to market your rental property What you should know about tenant screening on vacation rentals And SO much more! Links from the Show: Trivia Email Brandon’s Forum Post on Vacation Rentals BiggerPockets Forums Evicting Renter from a Vacation Rental Property BiggerPocket’s The Book on Investing in Real Estate with No (and Low) Money Down HomeAway VRBO AirBNB alexa.com 99Designs Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki The 4-Hour Workweek by Timothy Ferriss Connect with Scott Scott’s Website Scott’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

This week we’re talking about how to maximise your rent – both in terms of re-letting a property, and raising the rent on an existing tenant. It’s a topic worth delving into because if you’re being squeezed by growing expenses or higher mortgage payments, it’s the one way you can make more money from your existing portfolio. […]

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This week we risked offending pretty much everyone by running through a list of places in the UK where we wouldn’t invest. Our intention wasn’t to slag anywhere off, but to illustrate what does make a good investment by calling attention to situations where those factors are missing. So, strap yourself in while we share […]

The post TPP072: Areas Where We Wouldn’t Invest appeared first on The Property Hub.

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How on earth did we make it to Episode 46 without talking about HMOs? They’ve become a hot topic in recent years as investors have started to focus on cashflow rather than capital growth, so we thought we’d better correct our omission and give them a full episode. We talked about: What an HMO actually […]

The post TPP046: HMOs – Big Returns, but are they for you? appeared first on The Property Hub.

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