Property is still a great investment
Even though Landlords get constant beating up with new rules, taxes and problems I can still say that it is still profitable to be one. Property remains to be as I say a box that makes you money.
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This is generation rent I mentioned before you know “evictions have been paused but this hasn't stopped some London landlords raising the rent” you know it's like far out, you know I mean because they had somebody called them and told them that they had their rent raised even though they told the landlord that you know current difficulty. It's like man you know what this is the problem.
And then you've got this idiot too you know what's his name Sadiq Khan you know talking about calling for a two year freeze amid Covid. I mean all the costs have just gone up to be a landlord because of compliance. They continue to go up.
It's bloody near impossible to get an EICR done in a timely manner, you know which slows the whole process down because they've dumped so many on the market so little thought. I mean the fact that they change their mind regularly is just appalling. It's a lesson in how not to be a leader. How not to run a government, but you know what they're getting away with it.
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They've done some good things in terms of supporting the market, in terms of freeing up planning but they really seem to have it out for and it seems open slather on small landlords. And that just seems to be a never-ending thing right now. I think one of the key things here guys is that you know it can be you can be forgiven for sitting there going hold on Brett but you know the tax changes gone up, the compliances, the tenant fee ban all these sort of things are getting hit we're getting hit constantly.
Surely it's not profitable to be a landlord anymore. Well you know what I hate to say this but this happens all the time. You know and and there's always another reason there's always you know more regulation there's always more costs there's always this but you know what property continues to go up.
And here's the truth of what's going to happen and you know quote me on this in 3, 4, 5 years time. What's going to happen is you've got a mortgage, you've got the value of the property and the value property might come down a bit but it'll go back up, make no mistake you know it'll continue going up. But that mortgage yeah because of inflation which is going to happen because they're printing so much money the value of your mortgage is going to decrease. In other words when you pay that mortgage off in say 5 or 10 years time the money let's say you had a 100,000 mortgage a hundred thousand in ten years time is going to be the equivalent of 50,000 or 60,000 or something like that 70,000 or 80,000 depending on what the inflation rate is.
You will benefit greatly so don't lose heart now yeah don't lose heart in the industry there is lots of money still to be made. Yes there's some pains in the bum and yes there's a bit more time you've got to put in it and yes you need to deal with quality people who know what they're talking about not freaking idiots that are just there to sell you.
One of the reasons I run these you know I'm doing these every week and I'm doing webinars, I'm doing all this sort of stuff is to get the good quality information out there. It's so easy to pick up the phone and speak to somebody who just says oh yes we've got the deal for you wherever it is we're selling this week you know and that's not what this market is about and it shouldn't be what the market is about.
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The reality is there's still money and there will continue to be money and make no mistake in property. Yes, you've got to wear some weather you know weather the storm a bit and yeah it can seem like this is all too hard. It's not hard to set up your portfolio and you get professionals around you to get a team you know even if you're going to do it yourself.
I joke you know my business we are done for you we'll do everything for you and so a lot of people go oh no no it's too expensive to do that you know i'm going to do it all myself. And then I'm like do you have a mortgage broker? I've got a mortgage broker okay Do you have a solicitor? yeah I have a solicitor okay great and How do you source these properties? Well I go around and I speak to an agent So you use agents? okay yeah gotcha.
So are you really doing it yourself? Or are you doing parts of it yourself? The question becomes not whether it's all done do it yourself, it's a question of what parts do you get professionals to do, who specialise in those areas and what parts do you do yourself?
Now you know for my business we deal with people who don't have the time to do it themselves so they need someone they can bring on board to get them to do it for them and that's what we do and we do it very well and we've done it for you know I think before 2004 you know so what's that 17 years 16 years it is coming on 17th that's scary isn't it I mean I remember I used to do videos when I first started there was no grey hair.
This is generation rent I mentioned before you know “evictions have been paused but this hasn't stopped some London landlords raising the rent” you know it's like far out, you know I mean because they had somebody called them and told them that they had their rent raised even though they told the landlord that you know current difficulty. It's like man you know what this is the problem. And then you've got this idiot too you know what's his name Sadiq Khan you know talking about calling for a two year freeze amid Covid. I mean all the costs have just gone up to be a landlord because of compliance. They continue to go up. It's bloody near impossible to get an EICR done in a timely manner, you know which slows the whole process down because they've dumped so many on the market so little thought. I mean the fact that they change their mind regularly is just appalling. It's a lesson in how not to be a leader. How not to run a government, but you know what they're getting away with it. They've done some good things in terms of supporting the market, in terms of freeing up planning but they really seem to have it out for and it seems open slather on small landlords. And that just seems to be a never-ending thing right now. I think one of the key things here guys is that you know it can be you can be forgiven for sitting there going hold on Brett but you know the tax changes gone up, the compliances, the tenant fee ban all these sort of things are getting hit we're getting hit constantly. Surely it's not profitable to be a landlord anymore. Well you know what I hate to say this but this happens all the time. You know and and there's always another reason there's always you know more regulation there's always more costs there's always this but you know what property continues to go up. And here's the truth of what's going to happen and you know quote me on this in 3, 4, 5 years time. What's going to happen is you've got a mortgage, you've got the value of the property and the value property might come down a bit but it'll go back up, make no mistake you know it'll continue going up. But that mortgage yeah because of inflation which is going to happen because they're printing so much money the value of your mortgage is going to decrease. In other words when you pay that mortgage off in say 5 or 10 years time the money let's say you had a 100,000 mortgage a hundred thousand in ten years time is going to be the equivalent of 50,000 or 60,000 or something like that 70,000 or 80,000 depending on what the inflation rate is. You will benefit greatly so don't lose heart now yeah don't lose heart in the industry there is lots of money still to be made. Yes there's some pains in the bum and yes there's a bit more time you've got to put in it and yes you need to deal with quality people who know what they're talking about not freaking idiots that are just there to sell you. One of the reasons I run these you know I'm doing these every week and I'm doing webinars, I'm doing all this sort of stuff is to get the good quality information out there. It's so easy to pick up the phone and speak to somebody who just says oh yes we've got the deal for you wherever it is we're selling this week you know and that's not what this market is about and it shouldn't be what the market is about. The reality is there's still money and there will continue to be money and make no mistake in property. Yes, you've got to wear some weather you know weather the storm a bit and yeah it can seem like this is all too hard. It's not hard to set up your portfolio and you get professionals around you to get a team you know even if you're going to do it yourself. I joke you know my business we are done for you we'll do everything for you and so a lot of people go oh no no it's too expensive to do that you know i'm going to do it all myself. And then I'm like do you have a mortgage broker? yeah I've got a mortgage broker okay Do you have a solicitor? yeah I have a solicitor okay great and How do you source these properties? Well I go around and I speak to an agent So you use agents? okay yeah gotcha So are you really doing it yourself? Or are you doing parts of it yourself? The question becomes not whether it's all done do it yourself, it's a question of what parts do you get professionals to do, who specialise in those areas and what parts do you do yourself? Now you know for my business we deal with people who don't have the time to do it themselves so they need someone they can bring on board to get them to do it for them and that's what we do and we do it very well and we've done it for you know I think before 2004 you know so what's that 17 years 16 years it is coming on 17th that's scary isn't it I mean I remember I used to do videos when I first started there was no grey hair.
