Turning The Renter´s Right Act Into An Opportunity Instead of Seeing It As a Disaster

Become a part of the Progressive Property refer-a-friend scheme and Earn up to £250 when someone attends one of our events – you can enrol here: https://www.progressiveproperty.co.uk/raf/ In just a few weeks’ time, the Renters Rights Act becomes law, which means the end of no-fault evictions. It means continuous, rolling tenancies, and if you want to get your property back, it could cost you up to five figures and potentially take up to 12 months. If you don´t prepare for this change, which takes place at the end of May, things are going to be far harder for you than they need to be. Today, I share with you exactly what we are sharing with our students to prepare them for the upcoming law change which happens at the beginning of May. Including a recap of exactly what the law says and details of the hidden risks in the law that most landlords are not aware of. Listen in and join us on the free webinar, where we’ll show you exactly how to protect yourself - and how to turn this upheaval into your biggest opportunity to grow your portfolio. KEY TAKEAWAYS No-fault evictions are gone, tenancies are rolling, and getting your property back could be slow and expensive. The Renter´s Rights Act is going to make life much harder for unprepared landlords. If you have a problem tenant, act now. Sean explains how during the episode. Even if you have a valid reason to evict backlogs in the court mean you can wait a long time to get the tenants out. Raising rents is going to be harder. Your only real protection now is front-loaded: rigorous tenant selection, full credit and landlord checks, employment verification and, where possible, rent guarantee insurance. Many landlords will panic and sell up - but for educated, decisive investors, that means less competition, more tenant demand, and the best buying opportunities we’ve seen in years. You need to serve an information sheet to your tenants by the 31st of May, anyone who fails to serve this information sheet on their tenants could face a civil penalty of up to £7,000. BEST MOMENTS  "That means the tenant can stay in your property for as long or as short a time as they want, and they only have to give you two months’ notice to leave."  "With all these new changes, it's more important than ever to protect yourself as a landlord."  "It's imperative to see the full credit history."  EPISODE RESOURCES https://www.gov.uk/government/publications/guide-to-the-renters-rights-act/guide-to-the-renters-rights-act VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk ABOUT THE HOST Sean Fitzpatrick is a property investor, educator, and the Face of Progressive Property. With a 6-figure portfolio and expertise in creative strategies, finance, and off-market deals, Sean shares success stories from the Progressive Property community, expert insights, and real-world strategies to help investors succeed. Tune in for practical tips and no-nonsense advice to accelerate your property journey. ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty https://kevinmcdonnell.co.uk TikTok: https://www.tiktok.com/@progressiveproperty YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g Twitter: https://twitter.com/progperty LinkedIn: https://www.linkedin.com/company/progressiveproperty Instagram: https://www.instagram.com/progressiveproperty Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity Facebook Page: https://www.facebook.com/Progperty This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/