ASK331: How do I handle a rent increase? PLUS: Should I buy in a tower block?

It’s time for some more listener questions and this week we’ve got some good’uns lined up for you! 

Kicking us off this week we’ve got a cracking question from Sian in Wiltshire. 

Sian is a fairly new investor and her first tenant’s tenancy is coming to an end. What she’d like to know is how does she go about introducing an annual increase in their rent? 

Is there a bog-standard calculation she should be using? Should she base it on inflation? Or are there other things she should be considering? 

Her tenant is a good tenant, so she doesn’t want to rock the boat, but she also doesn’t want to cut herself short and miss out on market value rent. 

What advice have Rob & Rob got to help her out? 

Next up we’ve got a question from a mystery caller. This listener didn’t leave his name, but that won’t stop us from answering this corker of a question! 

He’s currently considering purchasing a flat in a tower block (all cash) and he wants to hear what Rob & Rob think about this? 

With the ongoing cladding situation, lenders are still cautious to lend on tower blocks, but as he’s going to be buying in all cash, so he could secure himself a little discount. 

Do Rob & Rob see tower blocks changing any time soon and how do they think they will appreciate in the future? 

Tune in to find out. 

Do you have a buy-to-let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).  

Or if you prefer, click here to leave a recording via your computer instead. 

The next question on Ask Rob & Rob could be yours.  

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