tenancy laws

It’s time for your latest episode of Ask Rob & Rob! 

• (0:43) John’s had one of his investment properties for a while now, and he’s since pulled all his initial investment out. With this in mind, he’s hoping Rob & Rob can shed some light on how he would calculate the ROI in this instance. 
• (3:24) Mark has found himself in a fairly unique situation. He has one buy-to-let that he rents out via an agency, and unfortunately one of the tenants has recently passed away. He’s unsure of what’s going to happen with the tenancy. He wants to be empathetic but also pragmatic so he can prepare himself for what’s to come. Mark’s hoping Rob & Rob can shed some light on what he should do. 

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How will the new white paper affect landlords? 

This has got to be the most anticipated piece of legislation that landlords have been waiting for, FOR YEARS and it’s finally here. 

The government have laid out their proposals for the Renters Reform in their latest white paper, and it’s completely transformed landlord/tenant relationships forever. 

With news on notice periods, arrears, evictions, rent controls and so much more, we’re surprised at how little coverage this huge update has received. 

Now, it’s a very long document, but we’ve read it and we’re going to summarise everything you need to know in today’s episode. 

There’s A LOT to cover as this report is going to completely shake up the industry. 

In the news

There’s a lot going on in the political world right now, including a new Prime Minister on the horizon, but that’s not the only important change we’re seeing right now. 

The UK government has appointed a new housing minister... again. 

It’s not the first time we’ve seen a reshuffle in the cabinet, and we doubt it’ll be the last. But what do Rob & Rob think about new housing minister Marcus Jones? 

Hub Extra

If you couldn’t tell, we LOVE a good podcast, and you can never have too many to listen to. 

We’ve recommended this one before, but previously Rob & Rob have had to move it off their ‘must-listen’ list as the episodes were hours long and, let’s be honest, who’s got time for that?  

But now The Tim Ferriss Show has brought out “Monthly Recaps”, it’s slipped right back on the radar! 

All the best bits from the month have been condensed into a shorter format so you can skip the waffle and still get all the golden nuggets for the month. 

Let’s get social 

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. 

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

See omnystudio.com/listener for privacy information.

It’s the May Market Update

This month’s May market update is jam-packed with news stories for you to sink your teeth into.

And naturally Rob & Rob have picked the best ones to discuss on today’s May market update.

Here’s what to expect on this week’s property podcast episode

Since the last market update, the media has still been in a frenzy over the property market. And it doesn’t seem to be dying down anytime soon.

But we’ll leave it to The Robs to talk you through this month’s latest headlines.

House prices and activity:

• Prices surge 8.6% in year to February: ONS
• UK property sales at 16-year high as house prices soar
• UK House Price Index – February 2021
• Northern property market continues to outpace the south

London:

• Prime London flats rentals still in doldrums – but for how long?
• Khan’s call for rent controls would leave London tenants worse off
• London commuter belt rental market still performing strongly

Renting:

• Renters Reform Bill: timetable may be clearer next month
• Right to Rent: New Rules for Landlords
• Manchester Mayor vows to launch £1.5m landlord licensing across city

Pets:

• Blanket ban on pets welcomed by almost half of landlords
• MP backs law change to allow tenants to pay pet damage insurance

Make sure you tune in to the May market update find out what’s going on in the property world.

 

Hub Extra

If you’ve been a member of the Property Hub family for a while, you’ll know that Ray Dalio is one of our faves.

Not just because he’s one of the wealthiest men in the world, but more for the knowledge he’s shared over the years.

We often mention his resources on the podcast but this time we’ve got a free resource that’s a little more fun.

It’s a personality test and you can find it on principlesyou.com.

It helps you see what things you’re good at and what you might be not so good at and can improve on. And that might be easier than you think.

A lot of these tests are costly so you’ve got nothing to lose with this free one.

 

Let’s get social

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.

This week on Ask Rob & Rob, the guys are discussing what one caller should do with the property she hates, and what the new electrical regulations mean.

Our first caller this week is Nancy. She’s a GP who's taken a step into the world of property investment. 

Nancy owns a property that’s located about 15 minutes away from Liverpool Football Club. It’s a property that’s performing well, however it’s a serviced accommodation property which she’s now come to realise she hates. 

Between the hours that Nancy puts in at the GP surgery as well as doing private consultations, she’s found that the amount of time the property requires and what she gets back from it, really isn’t worth it. 

So now she’s questioning if she should just sell the property or whether she should keep it and outsource a company to manage the property for her. 

The second caller this week is Jake who, along with a friend, manage a few properties in a portfolio that they own. 

They’ve been looking into the new EICR rules that came into play on the 1st July. From what they’ve found, it looks as if you had to have new EICRs done before this date, regardless of whether you’ve had them done previously or not, to make sure you’re compliant with the regulations. 

So, do you need to have brand new electrical certificates in place or do previous ones still uphold the regulations? 

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.

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This week we’re kicking off a trilogy of episodes about the nitty gritty of lettings. In future weeks we’ll be talking about how to manage a property and how to handle nightmare tenants – but first, the basics: how do you let a property in the first place? You could use an agent, of course, […]

The post TPP155: How to let a property yourself appeared first on The Property Hub.

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