The Business of Property

Stuarts talks about his ongoing experience with the legal ombudsman about a potential SDLT overpayment.

Simon discusses (very little) progress on selling a property a property which spawns a chat about being fair to tenants (and landlords) when trying to sell tenanted properties.

Simon introduces a successful yet straightforward investment property acquired in 2017, highlighting the simplicity of the process compared to more complex deals discussed in previous episodes.

Simon details the process of finding, purchasing, and managing a three-bedroom terrace home in Redhill. Emphasizing the importance of sharing both complex and simple property investment stories, he invites listeners to share their own experiences, particularly those that may be considered "boring" or straightforward, to contribute to the learning of the property investment community.

Episode links:

• Last weeks property walkthrough with Susannah Cole.
• Early analysis from property listings.
• Join our email newsletter for a free weekly property market report.
• Find us on YouTube or LinkedIn: Simon.

Subscribe to The Business of Property podcast on Spotify, iTunes, and all podcast platforms.

Please leave a rating and review if you're enjoying the show.

This podcast is produced in association with PaTMa, the leading application for self managing landlords who want to save time and stay compliant. Easily track properties, tenancies, tenants, repairs, rent, mortgage payments and safety certificates. Get your FREE account today.

Every year brings new regulations and changes to the property market. Stuart and Simon discuss some of the changes landlords need to be aware of that are coming in 2020. With only a few distractions along the way.

The landlords changes in 2020 discussed are:

• All rental properties (including those with existing tenancies) must have an EPC rating of at least EPC E from April.
  • The EPC Register site.
• Section 24 will be in full effect from April (the new tax year), meaning finance costs such as mortgage interest can no longer be claimed as an expense against rental income.
  • PaTMa provides a free buy to let profit calculator that includes Section 24 estimates (make sure you scroll down). There's also a re-mortgage version of the buy-to-let calculator that can be used for existing properties or entire portfolios.
• The Tenant Fees Act 2019 prevented new tenancies from charging tenant fees, but where existing tenancy contracts included fee-charging clauses, those fees would still be due. From June 2020 these clauses are no longer valid and even existing tenancies can no longer charge fees.
  • PaTMa has a free deposit calculator and the official Government guidance on the Tenant Fees Act is here.
• It looks likely that Section 21 is going to be removed at some point (probably not finalised in 2020).

There are a number of articles around listing these and other changes for landlords (and letting agents) in 2020. A couple of example are these from OpenRent and Letting a Property.

Simon welcomes back seasoned property investor Pam Mackenzie. Pam shares her journey of purchasing and converting her first House in Multiple Occupation (HMO) with her business partner, Tania.

They discuss the challenges faced during the purchase, the renovations undertaken, and the successful targeting of EasyJet aircrew as tenants. Pam also delves into the financial aspects, including joint ventures and the impact of Brexit on rental income.

Episode links:

• Pam's past episodes:
  • Episode 64 - choosing investment locations.
  • Episode 65 - investment funding.
  • Episode 98 - environmental improvements.
  • Episode 99 - student demand.
• Join our email newsletter for a free weekly property market report.
• Find us on YouTube or LinkedIn: Simon.

Subscribe to The Business of Property podcast on Spotify, iTunes, and all podcast platforms.

Please leave a rating and review if you're enjoying the show.

This podcast is produced in association with PaTMa, the leading application for self managing landlords who want to save time and stay compliant. Easily track properties, tenancies, tenants, repairs, rent, mortgage payments and safety certificates. Get your FREE account today.

Special Guest: Pam Mackenzie.

In this episode, Simon delves into a follow-up discussion on achieving £1 million from a buy-to-let property portfolio, addressing listener questions from the previous episode.

Simon introduces updates to the PaTMa Prospector software, which now offers enhanced features for evaluating multiple property strategies and clearer financial forecasts. Simon also offers a seven-day trial for the software and encourages feedback. He answers questions about his own portfolio and the feasibility of the £1 million model, considering current market conditions.

Join our email newsletter for extra, exclusive resources.

Episode links:

• Last week - How to make £1 million from buy-to-let property.
• Today's spreadsheet.
• Find us on YouTube or LinkedIn: Simon.

Subscribe to The Business of Property podcast on Spotify, iTunes, and all podcast platforms.

Join our email newsletter for extra, exclusive resources.

Please leave a rating and review if you're enjoying the show.

This podcast is produced in association with PaTMa, the leading application for self managing landlords who want to save time and stay compliant. Easily track properties, tenancies, tenants, repairs, rent, mortgage payments and safety certificates. Get your FREE account today.