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Welcome to the final day of "Landlord Talking Points". All this week, Property Tribes has been delighted to present a week of content which focusses on the main landlord talking points of the year so far.The week has been undertaken in association with PT partner, Ideal Flatmate, and co-founder Tom Gatzen has been joining me throughout the week to discuss the leading issues facing landlords and which have engaged the Property Tribes community.This is how the week shaped up:Monday - Launch of week and how good landlords can find quality tenantsTuesday - Build to Rent and what landlords can learn from these big operatorsWednesday - Brexit and the London property marketThursday - Abolishment of Section 21Friday - Is buy to let still viable in 2019?Today, Tom and I discuss the topic that crops up regularly across the forums and in the media and that is, is BTL still viable in 2019 due all the increasingly unfavourable landscape for landlords:
It is notable that this topic resulted in the greatest ever views of a PT video when I discussed this with investment commentator, Graham Rowan. This video has registered over 100K views on youtube:
What are your views on this topic? Were you thinking of becoming a landlord and changed your mind, or are you a seasoned landlord who is thinking of selling up, or has already exited?We hope you have enjoyed this week of themed content and my thanks to co-host Tom Gatzen for being our guest over the week.Ideal Flatmate is a commercial partner of Property Tribes and you can use the Ideal Flatmate website to find new tenants.SEE ALSO - Buy to let still viable starting out in 2019?UP NEXT - Is BTL still viable for first time landlord?DON'T MISS - Is BTL dead or am I just late to the party?NOW 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**
As far as I'm concerned BTL is very viable in 2019, but the term BTL and Landlord should be considered carefully
I'm a live in landlord, a resident landlord, a commercial landlord and am planning to be a serviced accommodation landlord next year. The term landlord is consistent although I choose not to go near a BTL mortgage or an AST. Many of those 160 pieces of legislation simply don't apply and I'm also free of lender criteria.
I have passive income from my commercial tenant, tax free income from lodgers and a pretty straightforward investment. I have sacrificed growth, without leverage this will be moderate at best, but I am comfortable with that.
Against general qualified advice I have incorporated, not because I am pig headed, but because specialist qualified advice confirmed that I am better off doing so. It was just a matter of asking the right, but relatively obscure, questions.
Two years ago I was given the opportunity to become a vanilla BTL millionaire. I considered it carefully, but it wasn't what I wanted. Unless something strange happens with the economy I probably won't become a millionaire, but I am happy with the income I am getting from letting property.
A note for Tom: There is a thriving rental market in South Wales, but I notice you only have 1 property available in Cardiff. This may be a market you wish to consider in the future.
A good teacher must know the rules; a good pupil, the exceptions.
Martin H. Fischer
If you choose well maybe you'll see those stocks rise for the next couple years whilst paying minimum commissions until a major correction occurs and you see maybe 50% of your wealth wiped out and when that happens
I can never fully understand this statement
Lets take a closer look but lets look at it first from BTL
You own a property worth 100K and it drops 50% in value how much is it worth I think most would say 50K
That is not quite the true story unless you sell But why would you sell If the yeild was as high as it was the day before the property dropped in price
so Unless you sell you have lost NOTHING
Stocks and Shares are the same Nothing is lost unless you sell
Most folk invest for the long term in both asset classes The Value is not the most important thing unless you have to sell as I have said
The Smart money would look at both assets at a 50% discount and would buy them both
I never consider the Capital Value of anything I have no need to sell But I am intested in the yeild
I am selling nothing but I am buying You can never time a market if you are doing this your speculating not investing
Its the Time in the Market that makes money the longer you are invested the better you will do
be an investor not a speculator and then you will see value
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.
Stocks/shares, bonds, metals, property, businesses and cash all have their place in any well balanced investment portfolio. I can gladly ignore 'art and antiques' since that is too specialist for me and I don't have the time to study it.
It is true DL that you only make a loss is you sell an investment whilst it is down although I think that many people including myself feel a sense of security knowing that if we needed to sell right now there would be a good return.
I think the old argument between what is better to invest in stocks and shares v's property is always going to be around and as you probably already know, its a matter of personal choice and opinion and what investment suits your needs at any given time.
I mentioned 50% loss in stocks as an example because that does and can happen. I haven't seen that happen with UK property especially outside of London and the rental income should not fall that much even if the property prices fall should they? Whereas dividends are paid out based on a percentage of the share price which will fall if the share price falls. Plus dividend values change and you have no control over that.
In these worse case scenarios I think property is the better investment and in both cases a 50% fall is a disaster and will require more than a 100% gain to recover value back to what it was before the crash.
Also, stocks can go to zero and large firms can go bankrupt as they did in 2008. Such a catastrophic event is rare but it does and can happen as we have seen.
As for looking at a market and investing when its down that is fine when you have the cash reserves available to invest or excess cashflow available OR if you saw the crash coming somehow and sold beforehand.
Its all down to personal preference and need. On the other hand I heard it be said that to be successful you need to be a master of one thing only. Ignore the rest as those are distractions.
For me, property is my next move rather than more stocks to even out my investment portfolio and because my circumstances have changed recently and I feel that I require more certainty and cash flow from investments going forward. I recently sold a percentage of my stocks to move into property but I must admit I don't enjoy checking the stocks tickers every week or so especially if there is a bear market trend. With houses I believe I will be content when those are tenanted with good tenants to the best of my ability and generating monthly cash flow. And if I have any spare cash available in the future I might even buy more stocks :-)
Property portfolio is my next goal. I look forward to your posts DL and hopefully I'm learning a few tips from you with regards to property investing and being a successful landlord.
My tip is a simple one Buy on Yield and never sell
I think I could say the same about other Investments too
My simple thinking is yield provides the cash for deposits and other investments
and of course it give you the funds to put bread on your table
If you and I invest long enough you will make money even when crashes come
But you need the crashes to buy bargains a crash is opportunity
``My tip is a simple one Buy on Yield and never sell``
My tip is also a simple one
Never restrict yourself to buying just on yield and sometimes its very judicious to sell
Jonathan Clarke. http://www.buytoletmk.com
PS - DL your videos are in my youtube 'saved' folder and your 8% rule and your tenant vetting process is now firmly embedded into my brain :-)
I just wanted to say its also an honor to be able to learn from you as a 30yr+/100 property investor/landlord that's some achievement.
Im just the same as any other Landlord out to make a living Nothing More