Kings Speech: the King Hates Landlords

The King hates landlords. Yeah, God save the King. What is it with all this hatred towards landlords in the UK? Now, I don't know if you saw the King's speech recently, but one big thing that's been going on is this renters reform bill, and the King has stated in his speech that they're going to ban no-fault evictions. Now I'm probably going to get a mass of hate for this video, but I don't care because I think it's really important to speak out on important issues. And if we continue to bash landlords like we are and we make landlords the enemy, we're going to have a serious problem in our economy. Serious problem because actually, um, you could argue that the government should be supporting landlords more because if the government support landlords and the landlords can make a fair profit, they're likely to treat the tenants better and they're of course going to help solve the housing crisis. But we have a chronic housing crisis in the UK. We don't have anywhere near enough homes, but the government aren't building anywhere near enough homes to sort this chronic housing issue out. And therefore, it's landlords and developers. I developed, um, basically an empty block into 99 flats with 159 tenants. Otherwise, that block would have been empty. It would have been, you know, a big eyesore in the center of my city. I developed it— well, myself and my business partner— into 99 different units, and we have 159 tenants. And by the way, that was bloody hard. It took 5 years. The council didn't help. It was onerous and expensive. Now look, it works now, and thankfully we can make a fair profit, although we wouldn't have if we'd have got on the higher interest rate. But basically, the council did the best not to help us, even though we've just housed 159 people. So go figure. Now, I have a lot of landlords that follow me, um, but of course a lot of people feel that, well, you know, um, we need to look after the tenant and the housing crisis is caused by the landlords and these scum slum landlords. Well, you know, The problem now with this no-fault eviction is basically a tenant couldn't already basically squat for what, 18 months? And it's really hard for tenants to get lost rent— sorry, landlords to get lost rent back. And now I believe that this no-fault eviction just basically means a tenant can squat for as long as they want. But what if when the rates go up, the landlord is making a loss? What's the tenant going to top that up? Is the government going to top that up? No, even though the landlords are helping the housing crisis. Um, you know, the developers and the converters, you know, it's these people that are really helping the housing crisis. Um, I learned that the banks don't want you to— well, the banks are stopping any extra development, um, of houses. They They don't want the housing crisis to be sorted. Because if the housing crisis is maintained, i.e., there are less houses than people, then properties will go up through undersupply and overdemand, and their bank loans will be preserved and will go up and not down. So yeah, this is— I think we need to be really careful here not to throw out the baby with the bathwater in attacking the landlords. When it's the banks that are suppressing the building and the development. So I personally don't think a no-fault eviction is a good thing, but the King does, and therefore the King hates landlords. Um, I bet— isn't the King a bit like a big landlord? Not sure. So let me know what you think about this no-fault eviction, um, and if you think that being a landlord is getting harder and harder. Um, how's the landlord going to be able to sell their property if it's got a tenant in it? What if the landlord needs to sell? What if the landlord can't make any money? What if the, you know, who's going to foot the extra bill? So yeah, it seems a bit unfair. Over the last, what, decade, the government have been attacking landlords. They've been making it more difficult to make money. A lot of older landlords are selling up. And if you don't relax the planning laws and allow developers and investors like myself to turn old buildings into new. For example, I've got— I bought a squash court complex, I've turned it into 26 apartments. Got a 42-apartment old gentlemen's club. Now these were just basically derelict. And by the way, now both of those aren't making any net cash flow. They have but they aren't at the moment because of the interest rates going up. So it just seems very counterintuitive. Anyway, that being said, um, this will all probably cause a housing crash, and a housing crash will be good for people like me and you, because if you can buy the properties a bit cheaper, um, then your cash flow will go up. Oh, and by the way, often all of this just means that the rents go up as well. So in their infinite wisdom of trying to ban no-fault evictions and apparently protect the tenants, although really it's not protection of tenants, it's an attack on landlords. In the end, all that happens is the rents go up, so it's the tenants that end up losing, and then it's the landlords that also end up losing. So yeah, David has said, you do know that the King's Speech is written by the government for him, don't you? Something to think about. But that being said, all of this will just cause a housing crash. A housing crash will mean that people like yourself or myself who are entrepreneurial will go and be able to buy properties at below market value. Um, do you know that Lloyds want to be the biggest private landlord in the UK? So Lloyds will lend you the money, they'll lure you in nice and cheap. Then what Lloyds will do is, um, they will up the interest rates like they are at the moment, and then when you can't afford to, um, you know, pay for your mortgage anymore, um, you'll get repossessed by Lloyds, and then Lloyds will buy up that same property. So they're giving with one hand and they're taking away with the other. Um, and so look, that can either piss you off or you can go, do you know what, I, I need to be like Lloyds. I, I, I, I need to buy properties in possibly the biggest opportunity to buy properties in what, the last— since 2008 maybe. I interviewed Robert Kiyosaki this week. I don't know if you saw it. But Robert Kiyosaki believes the biggest crash is coming. Now, I know he's a bit grumpy and I know he says that a lot, but I actually agree with him this time. I think he called it a bit early, but I think it's happening. In my area, properties have come down 15% and they're definitely going to come down more. So if you'd like to learn how to be an investor, if you'd like to learn how to buy properties below market value, if you'd like to learn how to cash in on the crash, I recommend you join Rob.team. And in Rob.team in the last 6 weeks, I've done 3 masterclasses on cashing in on the crash. And this attack, this actual big attack on landlords is going to end up playing into your favour if you start buying property now, but maybe you'd feel like you don't have the knowledge or you don't have the time or you don't have the money. So if you want to gain the knowledge and you want to free up the time and you want to learn how to raise money, join Rob.team. Now Rob.team is my digital financial freedom platform. It costs less than 22 pence a day to join. You can cancel anytime, there's no ongoing contract. And to join, it's simple. You just type in rob.team. That's rob.team. Go open a web page now, go type in rob.team. Join for 22 pence a day, cancel anytime, no ongoing contract. It's for start and scale-up entrepreneurs. It's for you if you want to make, manage, and multiply more money. If you want to build multiple streams of recurring income and passive income and invest in assets and get your tax bill down and cash in on the crash. If you can say yes to any of those, rob.team is for you. So just type in r-o-b.t-e-a-m. Go do that now and then come back. Faye has said, Rob.team is a really great group, highly recommended, learning loads. Thank you, Faye. Now look, everything has an upside that looks like a downside. So the renters reform bill looks like a downside, the interest rate rises look like a downside, and to some existing investors they are, but to new investors, you can buy cheaper, rents are higher, you can actually get in the market now and you can cash in on the crash. So, and like I said, 3 Masterclasses in the last 6 weeks in Rob.team have been about raising money, doing no-money-down deals. I bought my first 50 properties no money down, or other people's money, and I can teach you how to do the same. So don't let money or lack of education be a reason not to join Rob.team. It's the reason to join Rob.team. Um, perhaps people have come to terms with higher interest rates and higher rents. This is from Paul. Well, I mean, higher interest rates had to happen because they were artificially low for 12 years. The problem is anyone who's got used to rates over the last 12 years before they went up, they think that's normal. And so the banks have got you in, they've lent you money for your house, for your car, for your holiday, for your conservatory, and you think it's free money. And then bang, rates go up to 5%, 14 rate rises in a row, and then you're fucked. And then you have to give the keys back and you go repossessed and you You know, your property ends up going onto the market 20 or 25% below its real value, and then who buys it? The same fucking bank that loaned you all the money that looked free. And I can't say this is all part of the plan, but I can say that the banks know what they're doing. And Lloyds want to be the biggest private landlord in the UK, so Lloyds are gonna cash in on the crash big time. BlackRock, they're buying up loads of properties in America, they're gonna cash in on the crash big time. So my question to you is, are you gonna cash in on the crash big time? Because people say to me, yeah, but the rates are going up. Yeah, well, you can still fix your rates, but rate rises will probably cause rent rises. Rate rises will probably cause drop in prices. So they're all kind of linked and you have to link them together. And if you know how to link them together, and if you've played the game before, like I've played it since what, 2007? 2006. I bought my first 20 properties in 2006, no money down. So look, if you'd like to learn how to raise money to buy property, cash in on the crash, go and join rob.team. But there's no doubt that the government and the king— and someone said here that, um, the king's speech is written by the government— there is no doubt, um, you know, that they're a bit pro, um, they're a bit pro-tenant. Uh, Lenny has said, are you not just profiteering of it all too? Um, that doesn't make any sense, Lenny. You just need to check your grammar there. But I'll, um, uh, because he's trolling me a bit, I have to give him a bit of feedback on his grammar. Um, are you not just profiteering of it all too? I think you mean from it all. Um, well, look, you can either lose money or make money from what the government do. So I'm not going to apologize for making money despite how I believe the government are ruining our country. Taxes are really high, but I am able to offset taxes. It is, um, in some ways harder to be a landlord, but I am still able to make profit. I have 300 and— I have 1,350 tenants that I house in my management and ownership company, Progressive Property and Progressive Lets. I'm very proud of that. That's 1,350 people that would either have to pay a much higher rent 'cause we undercut some of the newer builds. Or they may not even have a house. And should I be able to make profit if I'm providing 1,350 dwellings and accommodation? Absolutely I should. And if I can't, I'm going to have to kick all those tenants out. So yeah, do I want to cash in on the crash? Yes. Do I want you to cash in on the crash? Yes. Would I rather you cash in on the crash than Lloyds Bank and BlackRock cash in on the crash? Yes. Are the government at it anyway? Yes. Are BlackRock and, um, Lloyds, you know, going to be at it anyway? Yes. So why not you profit? Okay. Oh, okay, Lenny says got dyslexics, uh, dyslexia. So forgive me, Lenny, that's actually a good excuse for you to not be great at grammar. Oh, by the way, um, being great at grammar is probably not going to make you a millionaire. Um, but sitting on lives like this and asking questions and engaging with me and challenging me probably is. So hat tip to you, Lenny. You did say I was selectively picking comments and I wasn't because I read yours. So, um, yeah, Paula said your home is probably your most important asset because you control it. Exactly right. And you know, the equity in your home, you can access and you can invest in assets from the equity in your home. Um, Dave has joined Rob.team. Make sure you log on, um, and get all of the information that's in Rob.team. Like I said, there's 3 property masterclasses in the last 6 weeks in Rob.team. Just type in R-O-B dot T-E-A-M. We have almost totaling 10,000 members of Rob.team. Um, now, and by the way, I just interviewed Robert Kiyosaki. Give me a yes in the comments if you saw my Robert Kiyosaki interview. And he's got 16,000 real estate units. I thought I had a lot at 1,350 tenants and 340 rental units, and Robert Kiyosaki has got 16,000 rental units. Robert Kiyosaki is $1.2 billion in debt. Now, by the way, when inflation goes up, his debt is paid down. When inflation goes up, my debt is paid down. When inflation goes up, my rents go up. When inflation goes up, Robert Kiyosaki's rents go up. Go up. So my question is, are you doing this too? It's never too late to start, it's always too late to wait. I'll see you in rob.team. Type in r-o-b dot t-e-a-m. And by the way, just because the king and the— and the government seem to hate landlords, actually that's good for you because you should observe the masses and do the opposite. You should be fearful when others are greedy, and greedy when others are fearful. Thanks for all the kind comments on the Robert Kiyosaki interview. I'll share a link in the comments so you can go and watch that. I've had a load of good feedback from that. Everyone was saying to me, oh, Robert Kiyosaki, grumpy, I'm hot-tempered, I'm— shames and embarrasses people, walks out of interviews. Um, not with me. We got like a house on fire. So clearly there's something about me, or maybe just the fact that we're, you know, both successful in property. But I think it surprised a lot of people. So I'll see you on Rob.team. I'll share the link to the Robert Kiyosaki interview, and let me know what you think about this no-fault eviction. Do you think this no-fault eviction is fair on the tenant, or do you think it's unfair on the landlord? Because how's the landlord ever going to be able to sell? How's the land— if the landlord, you know, isn't making money now, what are they going to be able to do? Is it just another reason where, you know, tenants can basically squat? Let me know what you think in the comments. Thanks for tuning in, and remember, if you don't risk anything, you risk everything.