The Progressive Property Podcast How High Will Property Rent Prices Get?
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Rental income is increasing at a staggering rate and there are no signs of it stopping. Listen in to this episode with Kevin to find out what he thinks the future holds for rental prices and what you should be doing right now if you’re a landlord.
KEY TAKEAWAYS
- The cost of living impacts everything, rents have to increase if interest rates are going up and the cost of maintaining a property is increasing too.
- Rent controls don’t solve anything, landlords just hike up the rent prices upfront before putting tenants in.
- If you get rid of landlords, who will provide the homes?
- Kevin can only see rents increasing more in the future, mostly due to supply and demand issues.
- Landlords are doing their best to help their tenants by making their rents as affordable as possible, in most cases, they aren’t passing all their increases in costs on to the tenant.
- Now is still a good time to be a landlord, you just need to find the right deals.
BEST MOMENTS
“The cost-of-living crisis affects everybody”
“Rent freezes are a bad idea as it forces those that are looking for homes to have to pay more”
“You should not be hoping and wishing to get rid of landlords you should be pushing for more investment because that will mean more stock availability and lower rents”
“Many landlord's mortgage repayments have increased by 100%”
“The very answer is to provide more accommodation to bring the price down, it’s very simple”
VALUABLE RESOURCES
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
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