S1 Episode 8 - Mark Homer and Laura discuss this weeks Property News in a one off Special

Special Episode - Laura has joined Mark Homer on the Property News Show for a one off special discussing 

 

NEWS ARTICLES: 1) Investors pull £2.8bn out of UK property funds amid high street gloom https://www.theguardian.com/money/201... 2) Average property scam costs victims £107,669, research finds https://www.propertyinvestortoday.co.... 3) Man finds Meth Lab in property https://www.landlordtoday.co.uk/break...

 

KEY TAKEAWAYS UK Property funds Shop conversions and especially the space above them being changed to serviced accommodation units, this is a high cash flowing strategy and there are many benefits to doing it. With direct investment in property, you control it and decide when it’s going to be sold and when an investment is going to be made. When you sell units in one of these funds the fund has to go away and start selling the buildings within the fund to meet the redemptions to have the cash to pay people back and this is why these have been gated. Property scams The land registry has improved their checks on people and this has lowered the cases of scammers impersonating the owner of the property. The land registry has a lot of information but it would make sense for them to hold all the information and it be updated instantaneously when a property is sold then downloaded by the other side. Tenant activities We find an indicator is people who want to pay a year upfront, we never accept this type of payment, check all our properties every 3 months and have an intensive onboarding process. If you do frequent inspections and undertake tenant referencing then you can greatly reduce the likelihood of it happening.