The Property NomadsEnding No-fault evictions for renters will mean HIGHER RENTS
In this milestone 500th episode of the Property Nomads podcast, Rob expresses gratitude to all past and present contributors, including guests, co-hosts, and the behind-the-scenes team, and then delves into the implications of Labour's vow to end no-fault evictions through the Renters' Right Bill, specifically focusing on the potential imbalance it may create between landlords and tenants.
KEY TAKEAWAYS
- The proposed Renters' Right Bill by Labour aims to end no-fault evictions, which may benefit tenants but pose challenges for landlords without court reforms.
- Ending Section 21 could lead to imbalances favoring tenants, potentially resulting in higher rents and landlord sell-offs.
- The need for court system reform is crucial to efficiently handle situations where good landlords face issues with bad tenants.
- Labour's plan to end no-fault evictions for renters may have unintended consequences, such as higher rents, without addressing court system reforms.
BEST MOMENTS
"To get to episode 500 is a fantastic achievement. It's been really good fun to do that."
"The challenge that you've got with ending Section 21 is that you might be in a scenario where you are a good landlord but you've got a bad tenant."
"At the moment, getting rid of Section 21, that's very good for tenants, not so good for landlords."
"If landlords sell up, and they then sell up to people that are buying that are not landlords, you're then creating a demand."
"If Labour are going to end no fault evictions for renters, that is going to lead to higher rents. So hallow higher rents."
VALUABLE RESOURCES
GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOCIAL MEDIA/CONTACT US
https://linktr.ee/thepropertynomadspodcast
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
