What Your Investors Need To Know About Rents In The Current Market

Property Sourcing Profits Podcast

David explains how as a property investor with rental properties himself the market is changing as rents increase across the country.

He explains how Section 13 notices can effectively be used and how as a deal packager knowing and understanding where rents are in the market today helps build credibility, trust and can bring your investors peace of mind.

KEY TAKEAWAYS

• Rents have gone up across most of the country
• Section 20 means you can no longer deduct mortgage interest from the yearly tax return.
• There has been a rush to move properties into a corporate structure
• Section 13 is the notice used to inform tenants of an increase in rent when they have moved past their initial rental agreements and on periodic tenancies
• All our rises were relative to the individual history of the tenancy and the open market currently.
• Rents are key for your investors.
• As a deal packager, knowing and understanding where rents are in the market today will build credibility with your investors.
• You can give them peace of mind that you know about rents and can advise and support them.
• From May 4 tenants who are under financial pressure or with arrears can apply to the local authority for ‘breathing space’
• Most tenants out there are honest people trying to build a home for themselves.

BEST MOMENTS

‘My experience is that tenants who are working will pay their rents’

‘We have to charge market rent’

‘Rents have never been at this level’

VALUABLE RESOURCES

Property Sourcing Profits Podcast

https://www.progressiveproperty.co.uk/

https://unlimited-success.co.uk/

https://www.facebook.com/groups/progressivepropertycommunity/

Property Investors podcast

ABOUT THE HOST

David is a property expert with over 25 years’ experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004.

In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him, and he enjoys empowering other landlords by sharing the knowledge he has gained.

The ultimate purpose when sourcing properties in this sector for investors is to minimise risk while maximising profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring rents are paid and the transition to Universal Credit. These are strategies he uses in his own business and also on behalf of investors. His investor clients regularly achieve annual gross yields of over 20% with high occupancy rates and voids resolved, sometimes within hours.

CONTACT METHOD

https://www.linkedin.com/in/david-siegler-7b126316/

https://www.facebook.com/DavidSieglerInvestments/