We’re back again for another episode of The Property Podcast and this week it’s an ambitious one as Rob & Rob try and fix the property market.
Today’s chat started with a very interesting article that appeared in the January issue of The Economist. It takes a global perspective of the property market and formed the basis for today’s property podcast.
The Robs have delved into the good old supply and demand debate while also talking about the inequality between generations, the balance of home ownership vs renting and how different countries handle issues around housing.
Ultimately, is our planning system broken?
There’s so much to cover. And we don’t just mean for the UK property market, we’re talking globally! It’s no shock to hear that the property market needs fixing, but what do we think the answer is?
Well, you’ll have to tune in to find that out.
The Robs have said for a while now that optimism has been increasing in-line with the 18-year property cycle and have very conveniently uncovered a news story to back this up!
There’s been a 17% increase in new buyer enquiries for land which shows that developers are keen on building again. And because a development can take a few years to build, this is a strong indication that we’re on track for a healthy few years.
There's also another news story with data from an online evaluation service highlighting that the number of potential vendors requesting evaluations from estate agents more than doubled from December to January. It was expected to be up anyway because December is always a quiet month and January is always the time people want to make a change, but doubling in numbers is a significant increase.
The signs are there. Estate agents and developers seem to be more positive. But does that mean it's boom time now?
In short….no. But it’s the first sign of positivity for the next part of the property cycle.
This week’s Hub Extra is a great podcast to help you unwind. It’s called A Meditative Story. This is a great one that will allow you to switch off after a busy day. It’s a new kind of listening experience with mindfulness prompts. Rob found it gave him a clearer and settled mind after listening. We highly recommend this podcast just as that little something to give you a more mindfulness practice whenever you need it.
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.
This week on Ask Rob & Rob, we’ve got two cracking questions.
First up we have Ariel who reckons she might have found a link between prices and yields.
She has three properties and is looking at investing in her fourth. She’s been buying properties at the rate of one a year for the last few years and is now looking to get a high rental yield in return.
Ariel bought her properties for around £80,000 and has been getting £500 per calendar month in rent through single lets. This year she’s decided to diversify and spend double the money, £160,000 in an attempt to get about £1,000 in rent but has found it surprisingly difficult.
So, do we think the more you spend the harder it is to get the high rental yields?
The second question comes from Alex who wants to know how a new housing minister will affect property investors.
Will anything change? Will those changes be positive or negative for investors?
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.
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.
This week on Ask Rob & Rob, the guys are answering two great questions on holiday lets and if one certain area could be an up and coming hotspot, following on from the ripple effect.
First up is Claire from Nottingham. She is in the process of moving into a house and has taken 75% equity from her 2-bedroom flat to make the move.
She’s now wondering if she should keep her flat as a standard buy-to-let property or if she should turn it into a holiday let and list it on the likes of Airbnb.
Her apartment is located just 10 minutes from Nottingham city centre and she’s tried Airbnb in the past which worked out well for her. So, providing she has regular bookings, she’s wondering if she’d be better off tax wise, to have the property as a holiday let as opposed to a buy-to-let?
So, will Claire be better off going down the holiday let route?
The second question comes in from Graham in Leicester. He’s been an avid podcast listener for a while and has now got three properties in his portfolio.
Graham now has a question on the ripple effect that Rob & Rob discuss quite frequently. He’s heard people talk about the ripple effect of Sheffield and Doncaster, but he wants to know if Rotherham will benefit from Sheffield’s ripple effect?
Will Rob & Rob give Rotherham the green light?
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.
Wouldn’t it be great to know what the future holds? Today’s episode of The Property Podcast is a very ambitious one. But we’re tackling it head on!
2020 is still fresh and new, but today Rob & Rob give the insights we need to make sure we have a successful 7 years ahead of us.
A few weeks ago, The Robs talked about how to make the most of the next decade. And this week, they’re squishing the decade and bringing that timeframe forward.
So what can you expect to learn from this podcast episode? Here’s just a few sneak peeks:
Also, not to spoil you! But The Robs believe we’re entering a new phase of the 18-year cycle… so listen to find out what actions you need to take NOW!
Also in today’s episode, find out what's caught our attention in the news this week?
The HS2 project seems to be getting the green light! Expensive, yes! But we can all agree the impact that it’ll have will be incredible. It’ll certainly impact the major cities immensely and improve connectivity throughout the country. We know it’s a case of love it or hate it, but it looks like it’s going ahead nevertheless.
Speaking of trains… Liverpool is finally getting a £500m investment for the railway services which is massively needed. But guess what? The trains will allow 50% more passengers. This is certainly an investment that will make a big difference to the city!
And in this week’s Hub Extra, we have a podcast recommendation from Tim Ferris.
Pre warning, it’s a 2-hour long podcast, but we promise it’s worth it! Tim Ferris has done an interview with Sam Zell, who’s a billionaire. Notably he created one of the biggest real estate investment trusts in the world. We love this podcast because he has so much perspective and he wants to share his knowledge.
It’s just a little podcast (besides this one) that we think could benefit investors! Not only do we just hear about Sam’s successes, he dives into talks of the future of markets and the role of interest rates, because they barely get talked about. This is a must listen to!
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.
Rob & Rob are back once again for another epic episode of Ask Rob & Rob. This week they’re trying to help two callers with mortgage advice and are giving their thoughts on wherever they think no money down deals are a good idea.
Our first caller this week is Adamish and his question is on to buy-to-let mortgages.
He’s spoken to a mortgage advisor and they’ve advised him to refinance his current property on a fixed five year buy-to-let mortgage as the checks are a little more relaxed.
So essentially he’s wanting to know what Rob & Rob would do if they were in his shoes as a first time investor.
Does the current property market have any effect on how long he should get a fixed buy-to-let mortgage for? Or should he even be going for a fixed buy-to-let mortgage?
The second question this week is from Ashley who’s calling from Wales and he’s been drawn in by the idea of no money down deals. Uh oh!
Ashley has done two previous flips so now has a bit of equity behind him. He’s looking at turning his strategy to vanilla buy-to-let properties but he’s wondering how to go about it.
Should he straight away set up a Limited Company and keep buying a single buy-to-let each year over the next 10 years and build his portfolio up that way? Or should he hold onto his money and explore the world of no money down deals?
We’ve heard The Robs views on this in the past, but what advice would they give?
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.
Do you have questions for Rob & Rob? Well, you're in luck. Today’s episode of The Property Podcast is full of answers that every investor is eager to know.
As you can imagine, Rob & Rob get asked thousands of questions, but in particular there are seven questions that always come up.
In today's episode, you’re in for a treat as The Robs answer their most commonly asked questions...
You’ll have to listen to find out the rest…
The Robs go into a whole lot of detail around the questions, so listen and take note, they may be answering a question you’ve been dying to know.
They’re also talking about some exciting news too. Hometrack has released their quarterly figures for the rental market.
What’s has caught our eye?
Well, rents have increased over the last year by 2.6% which is clearly good news for investors. Rents are going up, but they’re also becoming more affordable - which is great news for tenants.
Where is the rental growth happening? The top three cities are York, Bristol and Nottingham - listen as Rob & Rob give you their thoughts on this growth and what you should be taking from these insights.
In other news, we’re still pushing on to hit that magic 10K followers/subscribers on Instagram and YouTube! We’ve said that when we reach it we’re going to be releasing this bloopers video! So make sure you go to our YouTube channel and subscribe, and go give us a follow on Instagram and we’ll announce when we’ve hit 10K.
This week’s Hub Extra is something small, but makes your day so much easier. Apple Pay and Google Pay.
A fair few people haven’t adapted to it yet, but it definitely makes your day run that little bit smoother, whether you're on a train, grabbing a coffee or paying for your weekly big shop, it’s just that little life hack that can make a small improvement to your day. You can even load all your different cards on there!
It’s just a little something that removes a little bit of friction; leaving your card at home but still being able to process those little payments. Rob & Rob have only just started using this and they both love it!
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.
This week on Ask Rob & Rob, the guys are helping one caller decide whether getting a cheaper property is a risk or should they be going for a property with more value?
Our first caller, Stephen from Glasgow, is currently looking to make another investment. He’s been investing in property for years and currently has £30,000 to invest with.
Stephen has got his eye on a few properties in an upcoming auction which are going for around £25,000-£35,000. But, he’s in a dilemma. He wants to know whether he should invest his £30,000 in the cheaper property or a £120,000 property which could benefit from capital growth.
So, do Rob & Rob think that Stephen should go for the cheaper option or a more expensive property with the possibility of increasing the value?
The second question this week comes from Osman, and he’s got a question on lettings. Osman owns one property and he is looking to get a fully managed service for it.
He wants to know what the average fee for a fully managed service is. Osman has had three quotes now, but he isn’t impressed with what he’s received. As Osman only has one property, he’s unsure on how much discount he could negotiate with agents.
So, will Osman be impressed with the average fee for a fully managed service?
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.