AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Property Podcast
ASK446: Does this certificate mean I can't sell my flat? PLUS: My property is losing money, what can I do?
Sep 17, 2024
Listeners explore the financial dilemmas of property ownership, including the pitfalls of Section 24 and the impact of tax on rental income. One guest faces tough choices about whether to sell or restructure his property investments. Another seeks clarity on how a Deed of Certificate affects his leasehold flat's value and mortgage options. The hosts provide insightful advice to navigate these challenges, ensuring listeners are informed about their property decisions.
08:07
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Property owners facing challenges with unprofitable rentals should consider selling and reinvesting in more profitable opportunities for better returns.
- Understanding the implications of a Deed of Certificate is crucial, but it generally should not affect a leasehold flat's marketability if no remediation is needed.
Deep dives
Addressing Rental Property Challenges
The discussion highlights the challenges faced by property owners when it comes to rental properties that are not generating profit. A specific case is presented where an owner is losing money annually due to unanticipated costs related to taxation. The hosts suggest evaluating whether one would purchase the property if it were being considered as an investment, emphasizing that it may be wiser to sell the property and reinvest the proceeds in more profitable opportunities. By reallocating funds, the owner could potentially benefit from alternative investments that may yield better returns in the long run.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode