ASK245: I hate my property! What should I do? PLUS: Can you clarify the new electrical regulations?

This week on Ask Rob & Rob, the guys are discussing what one caller should do with the property she hates, and what the new electrical regulations mean.

Our first caller this week is Nancy. She’s a GP who's taken a step into the world of property investment. 

Nancy owns a property that’s located about 15 minutes away from Liverpool Football Club. It’s a property that’s performing well, however it’s a serviced accommodation property which she’s now come to realise she hates. 

Between the hours that Nancy puts in at the GP surgery as well as doing private consultations, she’s found that the amount of time the property requires and what she gets back from it, really isn’t worth it. 

So now she’s questioning if she should just sell the property or whether she should keep it and outsource a company to manage the property for her. 

The second caller this week is Jake who, along with a friend, manage a few properties in a portfolio that they own. 

They’ve been looking into the new EICR rules that came into play on the 1st July. From what they’ve found, it looks as if you had to have new EICRs done before this date, regardless of whether you’ve had them done previously or not, to make sure you’re compliant with the regulations. 

So, do you need to have brand new electrical certificates in place or do previous ones still uphold the regulations? 

Tune in to find out.

 

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