The Truth About Rising Rents

In this episode, Mark talks all about the rental market including how you can manage your own residential portfolio and deal with the rising crisis. KEY TAKEAWAYS  Mark has been working with rentals in Peterborough since 2005. Sine 2016 the sector hasn’t grown at the rate it needed to due to new government legislation, this has created the lack of supply we are seeing now. Some of those who were planning to buy houses not can’t due to interest rates so will also be looking at the private sector. As a landlord, your mortgage may be going up due to interest rises but because of high demand, you should be able to increase your rent to offset this. We’re not going to suddenly see the sales market recover so rent will continue to go up. The government have created policies that have impacted both landlords and tenants negatively. Now is the time to buy, you make the most money when you buy in a depressed market. BEST MOMENTS   “The private rental sector just hasn’t kept the pace” “The rental market is as good as it’s been and they expect it to increase further” “You need to be able to cover your costs and make a bit of profit” "You make your money when you buy in a depressed market" VALUABLE RESOURCES  https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/ ABOUT THE HOST Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties. CONTACT METHOD   Email: [email protected] LinkedIn: https://www.linkedin.com/in/markhomer1 Facebook: https://www.facebook.com/markprogressive Twitter: https://twitter.com/markprogressive‘Brought to you by Progressive Media’: https://progressivemedia.uk/