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Welcome to the third and final interview with Elaine Power, known as Dislexic Landlord on Property Tribes, one of our most prolific and popular contributors.DL has been a landlord in the Newcastle area since 1982 and has been through several property cycles. She has a wealth of knowledge and experience and is very generous in sharing that. She is also very active in the landlord community off-line and attends many meetings in her area.We have recorded three interviews with DL, one about her property journey and some of the lessons she has learned along the way, one on her tried and tested "recipe" for selecting and referencing tenants, and this one - her views on the state of the private rented sector:
We hope you have enjoyed this series of interviews with DL and thank you to everyone who has given such positive feedback. We will be filming more with DL in the not too distant future!SEE ALSO - PRS panel debate - Olympia de-briefUP NEXT - Graham Rowan - "BTL in 2019? I'm out!"DON'T MISS - Dislexic Landlord's greatest hits and tipsNOW WATCH:
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
Great set of interviews... and I can now read DL's posts in the correct accent!
Dyslexic and a Geordie LOL what a combination
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
Another great interview/discussion! Thank you Vanessa and Elaine :-)
This is the kind of level-headed thinking that newbie investors in particular need to be hearing, to drown out some of the 'gurus' and marketing hype that the property investment sector is blighted by.
* I say some of the gurus, not all ;-)
All the best
The Property Investor's PA
Freelance Administrator for Property Investors / Entrepreneurs
Find me on LinkedIn: http://www.linkedin.com/in/heleneade/
I agree 100%
"Rich Dad, Poor Dad" has a place ?? It's a good theory but it doesn't mention Taxation
Thats what has changed - Taxation and Regulation
Some would say it will still work via a Company Strategy. I would say it's great to grow the wealth but it's not so good when you want to withdraw profits
We have had a good run - now it's time to move with the times ...
BTL has certainly come a long way since the mid-90s when I started working in this sector. I'd agree that taxation and regulation have changed hugely since then, but also, the leveraging of property investments has become the norm. BTL mortgages weren't readily available or accessible until what, 2004/2005? What was a cash investment in the past became an investment funded by borrowed money, with additional need for strategy and planning, and the risks that this brings.
The only constant in life, is change. If we're not able to adapt to change, it's going to be a bumpy ride!
I had several 85% LTV BTL mortgages in the late 90s. I think that was the norm then.
Thanks JamesB. I know a lot of my clients had mortgages for their investments in Eastern Europe starting from 1996/1997, but they weren't specifically BTL products. Interesting, looking back, to see how the expectations and the products have changed though!