78: Double Trouble: Council TAX Hike Hits Serviced Accommodation Investors!
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In this episode, hosts Russell and Anna Leeds discuss the recent changes in council tax laws that have significantly impacted property investors by doubling the tax on second homes and service accommodations. They explain the reasons behind these changes and share their own experiences of receiving increased council tax bills. The hosts delve into potential solutions, such as applying for business rates instead of council tax, which could result in significant savings. They provide detailed steps on how to reclassify properties for business rates, highlight the benefits of these changes, and stress the importance of staying informed about property laws and regulations. The video also underscores how a supportive network can help property investors stay updated and agile in a constantly changing market.
Time Stamps
00:00 Introduction: The Unexpected Council Tax Hike
00:37 Personal Experience with Council Tax Increase
01:28 Understanding the New Law and Its Implications
02:38 Government's Rationale Behind the Tax Changes
04:12 Impact on Second Homes and Service Accommodations
07:04 Strategies to Mitigate the Tax Increase
07:35 Switching to Business Rates: A Viable Solution?
08:59 Proving Your Property's Business Use
11:03 Final Thoughts and Practical Advice
12:01 Understanding Council Tax Valuation
12:06 Application Process for Property Valuation
12:45 Challenges and Delays in the Valuation Process
13:52 Criteria for Property Valuation
14:39 Benefits of Switching to Business Rates
16:18 Small Business Rate Relief Explained
18:30 Potential Issues with Property Classification
20:43 Staying Informed and Adapting in Property Business
22:27 Conclusion and Viewer Engagement
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23:26
77: Are UK House Prices About To EXPLODE?
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Join Russell and Anna Leeds on this week's Property Investors Podcast as they explore the uncertain UK housing market. They discuss past market crashes, current trends, and make predictions for the next five years. Learn about major property market downturns in 1973, 1990, and 2008, and how long it took for the market to recover. Understand why buying during a crash can be beneficial and why holding onto property investments is crucial. They also delve into how inflation affects property values and rents, and touch on strategies for forcing property value appreciation. Stay informed and get their expert insights on navigating the property market in uncertain times.
Time Stamps
00:00 Introduction: Are UK House Prices About to Explode?
00:46 Historical Crashes: Learning from the Past
01:54 The 1973 Oil Crisis and Its Impact
02:13 The 1990s Recession: High Interest Rates and Recovery
02:31 The 2008 Global Financial Crisis
07:56 Recent Trends and Predictions
10:13 The Silent Crash of 2022
12:24 Investment Strategies During Market Fluctuations
17:47 Understanding Market Volatility
17:53 The Best Time to Buy Property
18:33 Real Estate Investment Strategies
20:17 Story Time: A Real Estate Case Study
23:20 Psychology of Investing
25:23 Stock Market vs. Real Estate
28:21 Future Predictions and Final Thoughts
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32:53
76: HMRC To Shut This Property Tax Loophole! Act Fast to Save £Thousands!
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In this episode of the Property Investors Podcast, hosts Russell and Anna Leeds delve into a tax loophole allowing property investors to save thousands on taxes, recently closed by HMRC. They share a detailed case study on how they legally avoided paying taxes on service accommodation earnings by leveraging capital allowances. The discussion also includes contrasts between service accommodation and buy-to-let investments, strategies for maximizing profits through service accommodations, and insights into navigating new tax rules. Don't miss their tips on optimizing rental properties for the best returns and learn how to backdate tax claims to benefit from this closed loophole if you act quickly.
Time Stamps
00:00 Introduction to Tax Loophole
00:20 HMRC's Crackdown on Landlords
00:41 Case Study: Maximizing Tax Savings
01:33 Benefits of Service Accommodation
04:43 Understanding Capital Allowances
08:03 Changes in Tax Rules
09:51 How to Backdate Your Tax Claims
13:28 Answering Questions Efficiently
14:04 Tax Benefits and Fast Turnover
15:16 Council Tax and Business Rates
18:04 Tips for Renting Out Your Property
21:11 Importance of Reviews and First Impressions
23:50 Airbnb vs. Hotels: Pros and Cons
25:51 Final Thoughts and Encouragement
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26:30
75: How To FIX a Buy-To-Let That's LOSING Money
In this episode of the Property Investors Podcast, hosts Russell and Anna Leeds discuss how landlords can significantly boost their buy-to-let property profits. Featuring success stories from students like Jag, who turned a £200 monthly profit into £1,600 by implementing strategic changes. Topics covered include the impact of tax laws on buy-to-let, the importance of reassessing rents, cutting costs, renovating properties, exploring serviced accommodation, improving property management, leveraging positive networks, and considering remortgaging. Whether you're a seasoned landlord or just starting in property investment, this episode offers actionable insights to help you achieve financial freedom.
Time Stamps
00:00 Introduction to Boosting Buy-to-Let Profits
00:48 Challenges Faced by Landlords
01:56 Defining Financial Freedom
04:58 Strategies to Increase Rental Income
06:07 Reassessing Rent: Pros and Cons
14:23 Reducing Expenses to Maximize Profits
18:18 Renovating Properties for Higher Returns
19:37 The Impact of Property Aesthetics on Rent
19:45 Challenges of Renting and Renovating
20:38 Tenant-Landlord Disputes Over Property Changes
22:43 The Importance of Property Condition for Renters
23:44 Switching to Serviced Accommodation for Higher Profits
27:59 Effective Property Management Strategies
33:20 Leveraging Networks and Remortgaging for Property Success
36:10 Conclusion and Final Thoughts
For more information on how you can get started in property investing, click here: https://linktr.ee/russellleeds
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36:31
74: Government Leasehold Ban: It'll Make Me £thousands!
In this episode of the Property Investors Podcast, Russell and Anna Leeds dive into the exciting and lucrative topic of lease extensions. Discover how you can add significant value to your property without refurbishing it, simply by extending the lease. With laws changing and common hold set to replace leasehold in the future, now is the perfect time to take advantage of this opportunity. Learn the differences between leasehold and freehold, the impact of short leases on property value, and the upcoming changes that will benefit property investors. Don't miss out on this chance to make substantial profits and elevate your property portfolio.
Time Stamps
00:00 Introduction to Adding Property Value Without Refurbishment
00:49 Understanding Leasehold vs Freehold
03:05 The Pitfalls of Leasehold Properties
06:11 Upcoming Changes in Leasehold Laws
08:00 How to Benefit from Lease Extensions
09:39 Challenges and Solutions in Lease Extensions
11:44 Marriage Value and Its Implications
13:09 Marriage Value Clause Explained
13:53 Upcoming Changes to Lease Extensions
15:17 Case Study: Elijah's Property Deal
18:03 Commonhold Rules and Their Impact
18:59 Challenges of Commonhold Management
26:08 Opportunities with Short Leases
26:49 Conclusion and Call to Action
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Welcome to the Property Investors Podcast, a light-hearted and opinionated podcast for aspiring and experienced property investors alike. Join our charismatic hosts, Russell and Anna Leeds, as they share their insights, experiences and humour in the world of property investment. Get ready for no-holds-barred discussions and debates on topics ranging from getting started in property investing, entrepreneurship and personal development.
Each episode offers actionable advice, thought-provoking perspectives, and real-life stories that weave together the threads of property investment and personal growth. With their unique blend of expertise and wit, Russell and Anna guide listeners through a dynamic entrepreneurial journey, shedding light on the opportunities, challenges, and triumphs along the way.
Whether you're a beginner dipping your toes into the property investing waters or a seasoned professional seeking fresh ideas and inspiration, the Property Investors Podcast is your go-to podcast for becoming a prosperous investor and a self-empowered individual. So, tune in and join the fun as our passionate and vibrant duo take you on a whirlwind adventure of property investment, entrepreneurship and self-improvement.