Buy To Let Property Number 20 | Part 2 - The Renovation | Buy To Let Advice For UK Landlords

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  • čas pƙidĂĄn 2. 04. 2023
  • In this video buy to let property number 20 I walk you through part 2 - the renovation and give buy to let advice for UK landlords.
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Komentáƙe • 57

  • @jbee8882
    @jbee8882 Pƙed 4 měsĂ­ci +1

    Great videos Dan. Really interesting and I’m not even going to buy and rent out properties, just watching for entertainment. Can I ask where part 3 of this series is, I can’t find it!!!

  • @jameschapman2079
    @jameschapman2079 Pƙed 10 měsĂ­ci +1

    Yep, take the sheds away. My parents rental houses over the years we've had to remove the sheds as the tenants never told them about the leaks in them and they rotted away. Hard standings are left so the tenants can put their own up.

    • @new2property
      @new2property  Pƙed 10 měsĂ­ci

      Thanks for watching and for dropping a comment James 👍

  • @sinamKhattak
    @sinamKhattak Pƙed rokem +1

    PS, I will be signing up for your training program in a couple months time đŸ€ž

    • @new2property
      @new2property  Pƙed rokem

      Great, I’ll very much look forward to welcoming you on the program.

  • @jamowallace
    @jamowallace Pƙed rokem +2

    100% agree on the shed Dan!

    • @new2property
      @new2property  Pƙed rokem

      Hey Jamie,
      Thanks for watching and for dropping a comment, we are in the minority it seems đŸ€” but I stick to my rational, no shed no hassle👍

  • @chriswelsh4397
    @chriswelsh4397 Pƙed rokem +2

    Looking forward to part 3 đŸ€©

    • @new2property
      @new2property  Pƙed rokem

      Hi Chris,
      Thanks very much for watching and for taking the time to drop a comment.
      I’ll start working on part three as soon as all costs have come in.
      It’ll be an interesting one as interest rates continue to rise.
      Thanks for watching me and for dropping a comment

  • @rinchhensherpa6972
    @rinchhensherpa6972 Pƙed rokem +2

    WOW property #20 and here I am still dreaming of buying my #1 someday 😱

    • @new2property
      @new2property  Pƙed rokem

      Hi Rinchhen,
      You’ll get there if you really want to.
      Thanks for watching and for dropping a comment.
      Don’t give up, you can do it 👍

  • @nabazhamad5988
    @nabazhamad5988 Pƙed rokem +2

    👍

    • @new2property
      @new2property  Pƙed rokem +1

      Great to hear from you Nabaz,
      Thanks for the thumb 👍

  • @wicked-witch-of-the-west
    @wicked-witch-of-the-west Pƙed rokem +2

    Took your advice regarding the extractor fan from one of your other renovating videos. Great stuff

    • @wicked-witch-of-the-west
      @wicked-witch-of-the-west Pƙed rokem

      These renovating video's are worth their weight in gold for new landlords

    • @new2property
      @new2property  Pƙed rokem

      Hey Wicked Witch of the West, I really hope that your fan does the job.

  • @tyronpilgrim3412
    @tyronpilgrim3412 Pƙed rokem +2

    Great content Dan, great information about those trickle fans. Im a new landlord and have just 2 propertys one of them has issues with mold. So hopefully those fans could really help. 😊

    • @new2property
      @new2property  Pƙed rokem

      Hi Tyron,
      Thanks very much for watching and for taking the time to drop a comment.
      I hope the fans help you, it took me way to long to realise I need them in all my properties.

  • @GM-kt8rh
    @GM-kt8rh Pƙed rokem +1

    Brilliant, whish you every success 👍.

    • @new2property
      @new2property  Pƙed rokem

      Hi GM
      Thanks very much for watching and for taking the time to drop a comment.

  • @jameswells6796
    @jameswells6796 Pƙed rokem +2

    Excellent video As always Dan, very informative and helpful. I agree with the shed and I generally remove anything that could cause future maintenance issues including burglar alarms and telephone/aerial extensions!
    Another decorating tip I picked up from a pro was to submerge any brush used for oil based based paint in water! When you need to use days/weeks later, just brush onto newspaper to remove excess water and the oil based paint on the brush is good as before
!
    Quick question, do you replace the locks when you purchase a new property or have spares to rotate if needed?

    • @new2property
      @new2property  Pƙed rokem +1

      Hey James,
      Great to hear from you, I hope all is well.
      That’s a great tip thanks very much.
      I do change all the locks, I just have a tub full of barrels and I swap them over every time I acquire a new property or have a tenant turnover.
      Thanks for watching and for dropping a comment.

  • @younginvestor9657
    @younginvestor9657 Pƙed rokem +1

    can you do a video on your numbers for the whole portfolio now and the net income, I think that would be great for viewers to aspire to, congrats on property no 20! Love your videos

    • @new2property
      @new2property  Pƙed rokem

      Hi young investor,
      Thanks very much for watching and for taking h the time to drop a comment.
      I’ll add your suggestion to my list.
      Thanks very much 👍

  • @coolmonkey619
    @coolmonkey619 Pƙed rokem +1

    How old are you mate you seem to have so much knowledge

    • @new2property
      @new2property  Pƙed rokem

      Hi Tom,
      Thanks for watching and for dropping a comment I`m 43, I look much younger I know :-)

  • @Kilex6522
    @Kilex6522 Pƙed rokem +1

    Great video.
    How do you cost up your refurbishments?

    • @new2property
      @new2property  Pƙed rokem

      Hi Si,
      Thanks very much for watching and for taking the time to drop a comment. I simply estimate the costs from knowledge of works carried out previously. Sorry I can’t be more specific.

  • @rambo1993x
    @rambo1993x Pƙed rokem +1

    Love following your videos over the last few months! Which vectaire fan do you use?

    • @new2property
      @new2property  Pƙed rokem +1

      Hi Ram Keshwala,
      Thanks very much for following my channel and for taking the time to drop a comment, I use the Vectaire elegance EL300 constant trickle fans.

    • @rambo1993x
      @rambo1993x Pƙed rokem

      @@new2property Thank you! Looking forward to watching more of your videos. They have vastly helped my wife and I, who are on our own BTL journey.

  • @peterryan1425
    @peterryan1425 Pƙed rokem +1

    Hey Dan. Love all your videos and find them really useful. Was just wondering about your smoke alarms. Do you have to have fixed wired smoke alarms in your BTL properties. I see yours are standard battery smokes. Is that allowed or is there any rules around this.
    Thanks

    • @new2property
      @new2property  Pƙed rokem

      Hi Peter,
      Thanks very much for watching and for dropping a comment.
      In a standard BTL you’ll need a smoke alarm on each floor and they can be battery operated.
      I hope this helps

  • @scottturnbull6341
    @scottturnbull6341 Pƙed rokem +1

    do the fire alarms not need to be connected to each other? great video, ive just bought my 3 property thanks to you and your book.

    • @new2property
      @new2property  Pƙed rokem +1

      Hi Scott,
      Thanks very much for watching and for taking the time to drop a comment.
      A single let property does t require a fire alarm. You will need a smoke alarm on each floor and at the moment they can be battery operated.
      I hope this helps

  • @rizwaniqbal4591
    @rizwaniqbal4591 Pƙed rokem

    Hi Dan what is the make and model of the extractor fans you use please ? Thank you

    • @new2property
      @new2property  Pƙed rokem +1

      Hi Rizwan
      Thanks for watching and for taking the time to drop a comment.
      I install Vectaire Elegance EL300 fans
      I hope this helps

  • @sinamKhattak
    @sinamKhattak Pƙed rokem +1

    Hi Dan, Just watched the whole of the video, with interest, on how to choose a location etc and at the end, it promised a Deal Calculator but it was a bit too fast for me. Please can you re-advise the link here? Thanks

    • @new2property
      @new2property  Pƙed rokem

      Hi sinamkhattak,
      Thanks very much for watching and for taking the time to drop a comment.
      You can request a copy of my deal calculator on the recourses page of my website www.New2property.co.uk
      Thanks again for dropping a comment

    • @sinamKhattak
      @sinamKhattak Pƙed rokem

      @@new2property hi Dan, on the website it's ÂŁ20 and no option to request a free copy as advertised on the video I watched. Please advise.

    • @new2property
      @new2property  Pƙed rokem

      Hi @@sinamKhattak can you let me know the video you are referring to and the time on the video where it’s advertised as free please?
      Thanks very much

    • @sinamKhattak
      @sinamKhattak Pƙed rokem

      The video came to my email. And you said that if you watch to the end you'll get a free bonus. The video talked about how to locate a good BTL property and also talked about your ÂŁ500 property online course.

    • @sinamKhattak
      @sinamKhattak Pƙed rokem

      In my free 30 minute webinar I will help you learn how to simply and quickly analyse any Buy To Let investment property without spending thousands of pounds on training, getting overwhelmed or thinking “where do I even start?”

  • @mulasabegum4596
    @mulasabegum4596 Pƙed rokem

    Were do you buy fans

    • @new2property
      @new2property  Pƙed rokem

      Hi Mulasa,
      Thanks very much for watching and for taking the time to drop a comment
      The fans can be purchased from PamTies, drop Simon Dews a message, he will help you out
      Simondews@pamties.co.uk
      07702372226
      I hope this heps

  • @seanmallard3118
    @seanmallard3118 Pƙed rokem +2

    Any spare flooring in the loft this time😂

    • @new2property
      @new2property  Pƙed rokem +1

      😂 not this time but the loft is nlw the first thing I do, always learning 👍
      Thanks for watching.

    • @seanmallard3118
      @seanmallard3118 Pƙed rokem +1

      @@new2property also can you recommend a external key box this is a great tip save me running around handing out keys and remembering who has keys

    • @new2property
      @new2property  Pƙed rokem +1

      @@seanmallard3118 this is the last one I purchased, my advise is to just make sure the one you get is metal rather than plastic: www.ebay.co.uk/itm/173734300093

    • @seanmallard3118
      @seanmallard3118 Pƙed rokem +1

      Thanks for the advise looks like the screwfix one but half the price

    • @new2property
      @new2property  Pƙed rokem

      @@seanmallard3118 it’s worth just remembering that’s your insurance won’t cover a break in if they gain access with a key from the safe. It’s worth putting it out of sight.

  • @fba6015
    @fba6015 Pƙed rokem +1

    Can you just not put in the tenancy that you will not maintain the shed as a condition?

    • @new2property
      @new2property  Pƙed rokem

      Hi FBA,
      Thanks very much for watching and for dropping a comment.
      I could do, however, when it rots and becomes a danger to the tenants in the future it’ll be my responsibility to remove it.
      With it gone it’s guaranteed I’ll have no issues with it to deal with.
      Thanks again for watching and for dropping a comment.

  • @francissaunders4050
    @francissaunders4050 Pƙed rokem

    Great renovation job, Dan. Two points that confuse me a bit though. You're obviuosly a very good general builder yourself and have trusted contractors on hand, so why didn't you box the ugly pipes in that are running down through the ceiling in the corner of the living room? That's a quick, cheap and easy job that would have left the living room looking 1,000,000 times better. Second point, is (of course) the shed. Low maintenance and very, very, very useful for the tenants. I agree that it's not a big "game changer" in terms of letting the property or the rental income, but it's just so useful for the tenants and in reality not a lot of trouble to keep standing for a savvy tradesman of your fine calibre. I really don't undertand why you want to remove sheds when they're in such good condition?

    • @new2property
      @new2property  Pƙed rokem

      Hi Francis,
      It’s interesting you mention this, I had to go back and check what pipes your were talking about as I but a cover over the ones in the lounge near the window. You’re right it’s missing, I didn’t spot this when filming, I’ll have to have a chat with my carpet guy and plumber to see who’s moved it, thanks.
      A shed will have me return to the property at some stage, no shed won’t, it’s as simple as that, I don’t have the time to maintain sheds that’s are not required to let a property.
      Thanks very much for watching and for dropping a comment.