Bro, I had this same problem. Someone rented my property, and they never lived there, they were using my property to grow weed. The neighbour had to call me and told me something was up. They were paying every month, but screwing up my house…. In the end it cost me, 5000 to fix and get it back online. Anyway, my new tenants are good. They pay well and I look after then very well. I had to increase rent twice because I had no choice, but they stayed and are still good tenants because I am looking after them.
Without doubt, this year is worse than the last one. This year, I lost a lot of money due to poor investing decisions that I would not have made if I hadn't been so concerned about my portfolio. I kept investing, but I wasn't sure if I should begin saving for a house. Now, I sold everything I owned, and the house needed more care than I thought. I don't know how much longer I can go on like this
It's true. I was able to diversify my portfolio across many markets with the help of a financial planner, and the outcome was a net profit of over 400k from high dividend yield bonds, exchange-traded funds, and stocks. It is imperative that you have a variety of experiences, especially with well-known, profitable companies
18:39 This is why I don't rent from individual landlords. They feel begrudged if they have to repair their own property and feel like the tenant needs to repay the fees often because they're over leveraged and have little cash at play. My corporate landlord responds within 24 hours for any issue and likely bakes in maintenance costs into their business model. The built for renters buildings offer amenities like cinema rooms, pools and gym for around a £100 premium. 22:39 I had the opportunity to invest in a BTL a few years ago and decided it against because the numbers (in east london) weren't attractive and I predicted the changes happening now. The only profitable model was airbnb using the loophole....but I'm sure that the government will close it soon.
Typical story of individual landlords up and down the country. Making huge sacrifices and working hard to one day provide decent housing in the private rented sector, and receive well deserved rewards (eventually!). Unfortunately, the government continues to wage war against this hardworking cohort of the population, and seems to be in the mood to continue pillaging. No wonder the money is being moved to more forward looking economies!
You lot are making it unaffordable for people and ruining good homes by turning them into hmos houses should be to live in and not an asset to build wealth furthermore land hording isn't a job it's asset building the tenants are the ones with jobs landlords are parasites
Private landlords don’t ‘hoard’ land, they let homes for people to live in, and that’s how they earn an income. Home building hasn’t kept up with demand, therefore, regardless of whether the homes in question were owned by private landlords or large corporations, rent would continue to be dictated by the free market. Most private landlords, including the one being featured here, were not born into wealth, and worked hard to acquire properties. Some people should stop complaining, make necessary sacrifices as the gentleman on this show has, and try to better themselves - or maybe, that’s no longer possible due to the continued pillaging by central government. On the HMO point, most provide decent and affordable housing, and had that not been the case, they wouldn’t be so popular. Furthermore, according to ONS figures, a significant number of HMOs have been lost more recently, and as a result, rent in certain areas have been adjusted accordingly. But, let’s blame landlords for everything, they’re easy targets after all!
@ruhaluddin like I said house is to live in not make a living landlords aren't helping the situation and are helping to price people out of the market but you still want to justify it so ill assume you're also a social vampire, capitalism is destroying everything
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Bro, I had this same problem.
Someone rented my property, and they never lived there, they were using my property to grow weed.
The neighbour had to call me and told me something was up.
They were paying every month, but screwing up my house….
In the end it cost me, 5000 to fix and get it back online.
Anyway, my new tenants are good.
They pay well and I look after then very well.
I had to increase rent twice because I had no choice, but they stayed and are still good tenants because I am looking after them.
Without doubt, this year is worse than the last one. This year, I lost a lot of money due to poor investing decisions that I would not have made if I hadn't been so concerned about my portfolio. I kept investing, but I wasn't sure if I should begin saving for a house. Now, I sold everything I owned, and the house needed more care than I thought. I don't know how much longer I can go on like this
Every one of us has made mistakes at some point. Consider financial planning
It's true. I was able to diversify my portfolio across many markets with the help of a financial planner, and the outcome was a net profit of over 400k from high dividend yield bonds, exchange-traded funds, and stocks. It is imperative that you have a variety of experiences, especially with well-known, profitable companies
Do you mind telling me about your financial planner?
*June Renae Matthysse* If you look her up on the internet, you're going to surely find more information about her
I looked her up on Google out of curiosity. I read her bio, and I have to say that her qualifications are really outstanding
This guy reminds me of myself 15 years ago. So damn right about agents. He seems genuine 👍🏼
Uk all the way.
18:39 This is why I don't rent from individual landlords. They feel begrudged if they have to repair their own property and feel like the tenant needs to repay the fees often because they're over leveraged and have little cash at play. My corporate landlord responds within 24 hours for any issue and likely bakes in maintenance costs into their business model. The built for renters buildings offer amenities like cinema rooms, pools and gym for around a £100 premium.
22:39 I had the opportunity to invest in a BTL a few years ago and decided it against because the numbers (in east london) weren't attractive and I predicted the changes happening now. The only profitable model was airbnb using the loophole....but I'm sure that the government will close it soon.
you are spot on
Kazy, my brother.....do a video on the 18 year property cycle........the property is extremely predictable
Integrity is everything 39:30
Hey Kazy, Is there a HPI chart for the Dubai property market? I would like to see how far up we are
Why aren’t all of his properties with assisted living
@@K.s.k1 diversification
Typical story of individual landlords up and down the country. Making huge sacrifices and working hard to one day provide decent housing in the private rented sector, and receive well deserved rewards (eventually!). Unfortunately, the government continues to wage war against this hardworking cohort of the population, and seems to be in the mood to continue pillaging. No wonder the money is being moved to more forward looking economies!
You lot are making it unaffordable for people and ruining good homes by turning them into hmos houses should be to live in and not an asset to build wealth furthermore land hording isn't a job it's asset building the tenants are the ones with jobs landlords are parasites
Private landlords don’t ‘hoard’ land, they let homes for people to live in, and that’s how they earn an income. Home building hasn’t kept up with demand, therefore, regardless of whether the homes in question were owned by private landlords or large corporations, rent would continue to be dictated by the free market. Most private landlords, including the one being featured here, were not born into wealth, and worked hard to acquire properties. Some people should stop complaining, make necessary sacrifices as the gentleman on this show has, and try to better themselves - or maybe, that’s no longer possible due to the continued pillaging by central government. On the HMO point, most provide decent and affordable housing, and had that not been the case, they wouldn’t be so popular. Furthermore, according to ONS figures, a significant number of HMOs have been lost more recently, and as a result, rent in certain areas have been adjusted accordingly. But, let’s blame landlords for everything, they’re easy targets after all!
@ruhaluddin whatever helps you sleep at night buddy
@ruhaluddin like I said house is to live in not make a living landlords aren't helping the situation and are helping to price people out of the market but you still want to justify it so ill assume you're also a social vampire, capitalism is destroying everything
@@ruhaluddin I'm so hard done by I can afford multiple properties 😭😭