Appreciate the extremely useful content, Samuel. In property it never hurts to always do your due diligence, it will always be worth it in the long-run. Desperation & Lack of Patience is what kills many businesses, the same applies to Real-Estate.
quick pointer, after you have gone to the small claims court, escalate it to the highcourt, cost you a bit extra but you'll get the money or evict them a hell of a lot faster
This fella speaks the truth my family has over thirty properties only ever had one truly bad Tenant in which we had to get the police involved she had some kinda of melt down after splitting up with her long term boyfriend and completely trashed the place one day.
An estate agent near me forces tenants to buy tenants insurance up to £5k. Landlords can also get insurance that covers damage and missed rent I think. Not sure on the price though.
What about home insurance. If tenants make mess we can claim insurance that what insurance says when we take insurance,I still remember words if you’re tenants destroyed your house we will fix. But I don’t know really how much it will help?????
Could anyone help me with how Brexit would affect an EU person if they are trying to get started in property in the UK? is it worth it? Can it be done without consequences when/if Brexit goes through?
What about if someone is on disability benefits and has been too sick to work for many years, so hasn’t had a decent tenancy before so can’t provide a landlord reference as they have been living in places that are basically slums due to “DSS discrimination”, and can’t provide an employment reference, has no living family or anybody to act as guarantor, credit check comes back as they have no CCJs etc, can clearly afford the rent, can afford extra rent in advance plus a double deposit, is a very pleasant person when you meet them and can supply excellent character references from important people in the community. Would you say no to them just like all the other decent landlords that they have approached over the years?
What if the previous previous landlord also wanted rid of them so also wrote them a fake reference saying they were perfect tenants, and you try to contact them to check it, but can’t track them down? I’ve lived in what you would call “slums. Basically properties so dangerous that the council have condemned so I have had to leave, so how is a landlord like that going to give me a reference, as I have been forced into that action due to no gas safety checks, huge holes in stairs, damp and mould all over the house, old fuse boxes which spark and have no switches, and all sorts of other terrible things. I have had 6 tenancies and only one was safe. The other 5 all ended up getting condemned and I was forced to move out by the council as it was there or a hostel.
I am from Denmark. The toptax is 60%. But people do make it work. So maybe it is more me being a cry baby and looking for a excuse out. If someone made it work in Denmark and would like to share. Please do PM me
@@2ivenhoe propertytribe reviews - there are quite a lot of posts from people who have been through his academy. You can also check trustpilot however there would be a lot of people who have been coerced into leaving the reviews after the "high" of the free seminars so check the dates as people tend to leave feeling great as Samuel does definitely have the "gift of the gab".
A few points I would like to raise. I would get references from every landlord for the past three years. That way you can build up a more reliable picture of the tenant. As tenants ourselves we have experienced good and bad landlords. Our first landlord was great, but when they sold the house, it was bought by a property investor and we wanted this investor to get a more realistic ROI (We were living there BMV). The next landlady was a complete bitch who could not face up to her responsibilities. Our current landlord is great. We get on with him and the agent very well. I also wanted to say that I heard from another TH-cam channel last week that Section 21 is being abolished. Maybe you could do a video of that, Samuel, and say what it means for landlords.
Hi Samuel hope your well? Its looking like it is going to become very hard to remove a tenant from a property now with the governments removal of section 21 if they don’t amend section 8 it’s going to be a f...king nightmare what’s your thoughts mate?
Hey Samuel ! First of all thanks for your videos and greetings from Germany. I have watched your #FFChallenge in Sheffield and New York. I myself am 20 years old and there is only one thing I do not understand: If you get a lease to rent deal, how do make monthly money and how do you pay the house eventually after several years ?
Hi Sam... great video. One thing that occurred to me was that you did not mention insurance in case someone trashed your property. Is this possible... recommended?
Sam, you really need to update your profile pic its not very flattering haha, barely looks like you! Aside from that, very informative video from a very distant viewer!
Sam I’m looking to buy to let my property free up capital and purchase another house.... what does the government tax me on income from my house? I’ve done my research on agent fees to property management 7 percent plus vat.... I just been to know about how much tax I will get charged on the rent I receive
Worst thing we ever did was rent to people recommended to us from family/friends. At least throwing 10k out a window would have been somewhat fun. edit: 2 separate instances
Yo mines worse she lock the dog in the house and shamed all the windows put rotten prawns though the house and the cops came and the lock smith's and 1 week after the locks were changed she broke into the house to steal her that we now own and did a shit in the toilet and turned all taps on and all the lights on and left about 700 hundred dog shots and we know she now lives blacklisted from all rentals
samuel, I'm currently a student studying education at Sheffield Hallam.I've been watching you for quite a while now and I have a keen interest in becoming a landlord in the future. Is there any chance I may have the opportunity to work with you for a day or so; as I believe you could potentially set up the stepping stones for my life. I do however realise that you hold workshops at different parts of the year, but i thought id message you here; because I thought 'why not, give it a go' hahaha. many thanks Lewis Adams
Thanks for the message. Definitely best to come to a Crash Course - 2 days with me for free. Bespoke mentoring is possible but very expensive due to my schedule - for more info visit www.property-Investors.co.uk
Small court letter is not worth paper is writen on , good use if you run out of toilet paper nothing else . Even high court letter is wortless because you can,t force nothing with it , your self so you must pay high court to force it so this video is nonsense ... And about geting money back from renter for all money you spend on courts not payed rent and demaged property i hope you jokeing because it is such a joke . I know person who bought property with loan to rent it , now he just want to sell it and never , ever again to do nothing with renting...
@@SamuelLeeds Many people did have this expierence and it make people sell property and invest in something else ,you was lucky if you didn,t need high court , UK laws make people who don,t pay rent get away with it even if they got any amount in bank account it not fear for renters, but problem with bailiffs is they only allow to go property if its open or somebody opens it , otherwise thay can,t do nothing and many people know it so they just don,t open doors , and than you need to spend extra money on high court and only high court officer can take property over .
Shouldn't that be tenants trashing "the banks" property? Presumably it's not "your" property till you ( or rather your unfortunate tenants) have paid off said mortgage
No you can't do a Inspection 2 or 3 months., you can only do 2 times a year every 6 months. Or you get prosecuted for trespass and harassment. Landlord and tenant act 1985.
Sam I’m looking to buy to let my property free up capital and purchase another house.... what does the government tax me on income from my house? I’ve done my research on agent fees to property management 7 percent plus vat.... I just been to know about how much tax I will get charged on the rent I receive
Sam I’m looking to buy to let my property free up capital and purchase another house.... what does the government tax me on income from my house? I’ve done my research on agent fees to property management 7 percent plus vat.... I just been to know about how much tax I will get charged on the rent I receive
Sam I’m looking to buy to let my property free up capital and purchase another house.... what does the government tax me on income from my house? I’ve done my research on agent fees to property management 7 percent plus vat.... I just been to know about how much tax I will get charged on the rent I receive
A.montana77 It depends how you do it, but I’d recommend speaking with an accountant and they will look into your exact situation and advise accordingly.
Sam I’m looking to buy to let my property free up capital and purchase another house.... what does the government tax me on income from my house? I’ve done my research on agent fees to property management 7 percent plus vat.... I just been to know about how much tax I will get charged on the rent I receive
A.montana77 a google search will answer this for you - depends what your total income is. From memory it’s 20% if your income is under £40k+ (something like that) and it goes up to 45% if you earn above like 70k something. Not sure my figures are accurate but the gov website tells you
Sam I’m looking to buy to let my property free up capital and purchase another house.... what does the government tax me on income from my house? I’ve done my research on agent fees to property management 7 percent plus vat.... I just been to know about how much tax I will get charged on the rent I receive
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Appreciate the extremely useful content, Samuel. In property it never hurts to always do your due diligence, it will always be worth it in the long-run. Desperation & Lack of Patience is what kills many businesses, the same applies to Real-Estate.
quick pointer, after you have gone to the small claims court, escalate it to the highcourt, cost you a bit extra but you'll get the money or evict them a hell of a lot faster
You, sir, are an absolute legend. This has been the only thing greatly concerning me about investing, consider me concerned no longer.
Great to hear my friend.
This fella speaks the truth my family has over thirty properties only ever had one truly bad Tenant in which we had to get the police involved she had some kinda of melt down after splitting up with her long term boyfriend and completely trashed the place one day.
Sounds like she belonged in the nut house and NOT your house. Good for the boyfriend recognizing this before it was too late.
samuel i am 16 and i cant wait to be old enough to come to one of your courses, your property channel is amazing
Stanciu Elena you are old enough. Come along
@@SamuelLeeds after my gcses i will
Samuel Leeds how old do you have to be I’m 12
Ha so am I
A sucker is born every minute
An estate agent near me forces tenants to buy tenants insurance up to £5k. Landlords can also get insurance that covers damage and missed rent I think. Not sure on the price though.
Great advice about asking the Previous Previous landlord. Cheers Samuel
Always amazing info Samuel. Thank you
Such valuable content. Thanks Samuel!
Great info Samuel look forward to meeting you in London in may! 😀
Very helpful video, Sam!
Really great advice. Top job 👍🏻
Great info. The more you diversify (more properties) the lower the impact of a bad tenant.
Brilliant tips. Thanks!
What about home insurance. If tenants make mess we can claim insurance that what insurance says when we take insurance,I still remember words if you’re tenants destroyed your house we will fix. But I don’t know really how much it will help?????
Top advise as always👍
What are your options if tenant moving straight from family home. thanks
Could anyone help me with how Brexit would affect an EU person if they are trying to get started in property in the UK? is it worth it? Can it be done without consequences when/if Brexit goes through?
Very helpful
credit checks filter so many bad tenants. The proportion who doesn't pay is higher than you realise.
What about if someone is on disability benefits and has been too sick to work for many years, so hasn’t had a decent tenancy before so can’t provide a landlord reference as they have been living in places that are basically slums due to “DSS discrimination”, and can’t provide an employment reference, has no living family or anybody to act as guarantor, credit check comes back as they have no CCJs etc, can clearly afford the rent, can afford extra rent in advance plus a double deposit, is a very pleasant person when you meet them and can supply excellent character references from important people in the community. Would you say no to them just like all the other decent landlords that they have approached over the years?
Is there any way of knowing if a potential tennant has ever had a CCJ taken out on them before?
Martyn N a CCJ will effect your credit for 5 years, so yes this will show up if they’ve recently had a county court judgment
What if the previous previous landlord also wanted rid of them so also wrote them a fake reference saying they were perfect tenants, and you try to contact them to check it, but can’t track them down? I’ve lived in what you would call “slums. Basically properties so dangerous that the council have condemned so I have had to leave, so how is a landlord like that going to give me a reference, as I have been forced into that action due to no gas safety checks, huge holes in stairs, damp and mould all over the house, old fuse boxes which spark and have no switches, and all sorts of other terrible things. I have had 6 tenancies and only one was safe. The other 5 all ended up getting condemned and I was forced to move out by the council as it was there or a hostel.
The government is in the process of shipping ASTs
Might move to England in a couple of years, just to follow the course and your knowledge. My country is not good for real estate.
Where do you live?
Check his reviews before you do so. He makes more from selling his courses then his properties.
I am from Denmark. The toptax is 60%. But people do make it work. So maybe it is more me being a cry baby and looking for a excuse out. If someone made it work in Denmark and would like to share. Please do PM me
@Andy may I say where you know this from?
@@2ivenhoe propertytribe reviews - there are quite a lot of posts from people who have been through his academy. You can also check trustpilot however there would be a lot of people who have been coerced into leaving the reviews after the "high" of the free seminars so check the dates as people tend to leave feeling great as Samuel does definitely have the "gift of the gab".
Top advice, we have landlords insurance in Australia to cover damage or non-payment. is that not available in the uk?
Prepare for the worst, hope for the best.
A few points I would like to raise. I would get references from every landlord for the past three years. That way you can build up a more reliable picture of the tenant. As tenants ourselves we have experienced good and bad landlords. Our first landlord was great, but when they sold the house, it was bought by a property investor and we wanted this investor to get a more realistic ROI (We were living there BMV). The next landlady was a complete bitch who could not face up to her responsibilities. Our current landlord is great. We get on with him and the agent very well. I also wanted to say that I heard from another TH-cam channel last week that Section 21 is being abolished. Maybe you could do a video of that, Samuel, and say what it means for landlords.
Hi Samuel hope your well? Its looking like it is going to become very hard to remove a tenant from a property now with the governments removal of section 21 if they don’t amend section 8 it’s going to be a f...king nightmare what’s your thoughts mate?
dan cullen I will do a video on it soon
Hey Samuel !
First of all thanks for your videos and greetings from Germany. I have watched your #FFChallenge in Sheffield and New York. I myself am 20 years old and there is only one thing I do not understand: If you get a lease to rent deal, how do make monthly money and how do you pay the house eventually after several years ?
Can tenants not just fake a reference?
Hi Sam... great video. One thing that occurred to me was that you did not mention insurance in case someone trashed your property. Is this possible... recommended?
Carl Birch yes it is possible
name of background music?
Sam, you really need to update your profile pic its not very flattering haha, barely looks like you! Aside from that, very informative video from a very distant viewer!
How do you market to rent out rooms or do you just you just use a property management company
Michael Humphrey you can do it yourself or use a company. I use spareroom.co.uk to rent rooms out
Hi Samuel, big fan of yours, I'm only 16 but I read a lot of books and follow your FB group. See you in Birmingham 21st June!
Great video
Sam I’m looking to buy to let my property free up capital and purchase another house.... what does the government tax me on income from my house? I’ve done my research on agent fees to property management 7 percent plus vat.... I just been to know about how much tax I will get charged on the rent I receive
Worst thing we ever did was rent to people recommended to us from family/friends. At least throwing 10k out a window would have been somewhat fun. edit: 2 separate instances
Family and friends would be a slightly biased reference which I wouldn’t trust!
Yo mines worse she lock the dog in the house and shamed all the windows put rotten prawns though the house and the cops came and the lock smith's and 1 week after the locks were changed she broke into the house to steal her that we now own and did a shit in the toilet and turned all taps on and all the lights on and left about 700 hundred dog shots and we know she now lives blacklisted from all rentals
samuel, I'm currently a student studying education at Sheffield Hallam.I've been watching you for quite a while now and I have a keen interest in becoming a landlord in the future. Is there any chance I may have the opportunity to work with you for a day or so; as I believe you could potentially set up the stepping stones for my life.
I do however realise that you hold workshops at different parts of the year, but i thought id message you here; because I thought 'why not, give it a go' hahaha.
many thanks
Lewis Adams
I am going to be a student there :D
Thanks for the message. Definitely best to come to a Crash Course - 2 days with me for free. Bespoke mentoring is possible but very expensive due to my schedule - for more info visit www.property-Investors.co.uk
No tenant trashes property as they are living in it and do not want headache. These are rumour spread by rogue landlords to stigmatise tenants.
Kevin Wellwrought watch slum landlords, it shows trashing houses and squatters.
Small court letter is not worth paper is writen on , good use if you run out of toilet paper nothing else . Even high court letter is wortless because you can,t force nothing with it , your self so you must pay high court to force it so this video is nonsense ... And about geting money back from renter for all money you spend on courts not payed rent and demaged property i hope you jokeing because it is such a joke . I know person who bought property with loan to rent it , now he just want to sell it and never , ever again to do nothing with renting...
vaidas bronusas Once you’ve won in court they have to move lest the bailiffs come. Sadly I have first hand experience
@@SamuelLeeds Many people did have this expierence and it make people sell property and invest in something else ,you was lucky if you didn,t need high court , UK laws make people who don,t pay rent get away with it even if they got any amount in bank account it not fear for renters, but problem with bailiffs is they only allow to go property if its open or somebody opens it , otherwise thay can,t do nothing and many people know it so they just don,t open doors , and than you need to spend extra money on high court and only high court officer can take property over .
Shouldn't that be tenants trashing "the banks" property? Presumably it's not "your" property till you ( or rather your unfortunate tenants) have paid off said mortgage
No you can't do a Inspection 2 or 3 months., you can only do 2 times a year every 6 months. Or you get prosecuted for trespass and harassment. Landlord and tenant act 1985.
Sam I’m looking to buy to let my property free up capital and purchase another house.... what does the government tax me on income from my house? I’ve done my research on agent fees to property management 7 percent plus vat.... I just been to know about how much tax I will get charged on the rent I receive
Sam I’m looking to buy to let my property free up capital and purchase another house.... what does the government tax me on income from my house? I’ve done my research on agent fees to property management 7 percent plus vat.... I just been to know about how much tax I will get charged on the rent I receive
Sam I’m looking to buy to let my property free up capital and purchase another house.... what does the government tax me on income from my house? I’ve done my research on agent fees to property management 7 percent plus vat.... I just been to know about how much tax I will get charged on the rent I receive
A.montana77 It depends how you do it, but I’d recommend speaking with an accountant and they will look into your exact situation and advise accordingly.
Sam I’m looking to buy to let my property free up capital and purchase another house.... what does the government tax me on income from my house? I’ve done my research on agent fees to property management 7 percent plus vat.... I just been to know about how much tax I will get charged on the rent I receive
A.montana77 a google search will answer this for you - depends what your total income is. From memory it’s 20% if your income is under £40k+ (something like that) and it goes up to 45% if you earn above like 70k something. Not sure my figures are accurate but the gov website tells you
Sam I’m looking to buy to let my property free up capital and purchase another house.... what does the government tax me on income from my house? I’ve done my research on agent fees to property management 7 percent plus vat.... I just been to know about how much tax I will get charged on the rent I receive
you'll get charged income tax rates unless your a limited company, also capital gains on the increase in value