Avoid These 6 Rental Property Nightmares!

Рет қаралды 444

Күн бұрын

Are all rental properties profitable? Think again! Some types can actually be your worst nightmare. In this video, I'll uncover the 6 types of rental properties you should absolutely think twice about investing in. From hidden management costs to economic downturn vulnerabilities, I'll guide you through how to spot these risky investments and what you can do instead for better returns.
We manage hundreds of rental properties-from student and professional HMOs to family lets and short-term rentals-and we’ve seen tens of thousands of tenants through our doors over the years.
What You’ll Learn:
- The pitfalls of investing in student pods.
- Why properties with regulated tenancies can be a headache.
- The challenges of investing in high-value neighborhoods.
- Issues with leasehold properties managed by resident companies.
- The risks of properties in high unemployment areas.
- Why off-plan new developments might not be the best choice.
Key Insights:
1. The importance of due diligence and research.
2. Building a great team of professionals for better investment decisions.
3. Diversifying your property portfolio to minimize risks and maximize returns.
Why Watch?
If you've ever lost money on an investment or want to avoid a bad one, this video is for you. By understanding the risks associated with these property types, you can make more informed decisions and focus on investments that offer better returns and stability.
Engage with Us! If you found this video helpful, please give it a thumbs up and leave a comment below. Share your own experiences with property investments or any questions you might have. I love hearing from you and strive to respond to all your comments.
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Resources Mentioned:
Property Tracker: • **FREE PROPERTY INVEST...
Tips on hiring a builder: • DO NOT HIRE A BUILDER ...
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Thank you for watching, and remember, the right knowledge is key to successful property investing. See you in the next video!
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Пікірлер: 2

@a-qy4cq Ай бұрын

Bit confused on the point 3... If the resident owned management is seemingly so bad why everyone tries to push for commonhold and RTM? Isn't the main issue that the "professional" management companies are usually a rip-off?

@centralpropertiesleeds Ай бұрын

Hey. Thanks for asking! The problem with resident owned management companies (in my opinion and experience) is that the law surrounding leasehold management in the UK is so complex. Trying to arrange Section 20 works when, in a lot of cases, residents don't want to pay can be a nightmare. A lot of times resident owned companies therefore let some maintenance things slide which really shouldn't, leading to far more expensive works in the future. The current system is far from perfect too, but at least if its professionally managed by a block management company they are a third party impartial company that is paid to ensure things are carried out within statutory timeframes. It also adds another layer of distance between residents who may not always "agree" on certain things.