TPP362: What would this property expert do if they started again?

A couple of weeks ago Rob B was joined on The Property Podcast by property investment legend, Mark Morris. If you haven’t listened to it yet, then go and give that a listen before this episode. The response from his last appearance was incredible, with dozens of you saying how inspiring you found it and how it was giving you the motivation you needed to work towards your goals.  Well, this week he’s back!  But this time Rob B is picking his brains over what Mark would do if he were to start all over again from the beginning. Would he do anything differently? What strategy would he choose in today’s market? Tune in to find out. And what’s the one piece of advice that Mark would give new investors?  Goal setting.  We kid you not, Mark is on the same page as Rob & Rob when it comes to how important goal setting is. He’s a fan of having both long-term and short-term goals.  What other bits of knowledge would Mark give? Because after all, hindsight is a wonderful thing.  Well, you’ll have to tune in to find that out.   And in the news this week we had a bit of a shock as a staggering 500,000 rental homes are lost to Airbnb and others. However we weren’t in shock when we discovered that the news story that went along with that headline wasn’t all that true.  The article says that they might be lost from the long-term lettings market to the short-term lets. It’s based around a survey that ARLA did where they surveyed their members to find out how many of them would consider switching to short-term lets to avoid some of the regulations that have recently come in. And the results showed that only 1 in 10 landlords would consider switching to shorter term lets than the typical long-term. So once again, the media is trying to scaremonger us.    This week’s Hub Extra is a simple quote that fits perfectly with today’s episode and what Mark has talked about. It’s a quote from C.S. Lewis: ‘Experience: that most brutal of teachers. But you learn, my God do you learn.’  And we really hope that you’ve learnt a lot more invaluable knowledge from today’s episode and continue to do so. You can guarantee that in your property journey you’re going to make mistakes, but it’s important that you learn from them to really make a difference.    We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do.   Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week! If that wasn’t enough, you can also join our friendly property community on the Property Hub forum. See omnystudio.com/listener for privacy information.