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The Property Podcast
ASK436: Will this income-boosting method work? PLUS: My tenants are short-changing me!
Jul 9, 2024
Topics discussed include transforming a property into a holiday let, dealing with tenants disputing rent agreements, and strategies for handling tenants paying short on rent. The hosts provide advice on maximizing rental income while considering long-term investment goals.
10:30
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Quick takeaways
- Consider long-term growth over short-term revenue boosts when deciding on property investment strategies.
- Evaluate cost-benefit of pursuing legal action for minor rent discrepancies or waiting for tenancy to end.
Deep dives
Investment Strategy Dilemma: High-End Property and Rental Income
A listener named Ed seeks advice on a potential investment strategy involving a high-end property. Despite owning properties for long-term growth, he contemplates leasing the property as a holiday let to increase revenue substantially with minimal effort. However, this approach may breach mortgage and lease terms, leading to additional risks such as wear and tear, property damage, and increased hassle. The recommendation leans towards maintaining the current long-term strategy to benefit from capital appreciation.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode