Episode 174: Affordability and tenant selection: 80% on rent?!

Stuart and Simon discuss the reality of running property businesses. Simon shares his experience of putting his property on the market and the response he's received from potential tenants. They discuss the affordability of rent, talk about the shortage of rental properties, and the drop in new rental property listings. Join our email newsletter (http://eepurl.com/icl-1f) for extra, exclusive resources. The chat this week includes: * Simon's latest property on the rental market. * It's even almost ready! * Professional photos - perhaps with virtual tour. * Matterport (https://matterport.com/en-gb). * OpenRent (https://www.openrent.co.uk/). * 30+ applicants in 48 hours. * Spending 80% of income on rent? * Is the rental property shortage getting worse? * Tenant checks before viewing. * Find us on Twitter (https://twitter.com/BizOfProperty), YouTube (https://www.youtube.com/channel/UCRfrbvIJfodFK8tikisCjVw) or LinkedIn: Stuart (https://www.linkedin.com/in/stuartlordan/), Simon (https://www.linkedin.com/in/simonpither/). Subscribe to The Business of Property podcast on Spotify (https://open.spotify.com/show/73chI0Nqi9eRFUM7tkHc6r), iTunes (https://podcasts.apple.com/gb/podcast/the-business-of-property/id1495635728), and all podcast platforms (https://www.thebusinessofproperty.com/subscribe). Join our email newsletter (http://eepurl.com/icl-1f) for extra, exclusive resources. Please leave us a rating and review if you're enjoying the show. This podcast is produced in association with PaTMa (https://www.patma.co.uk/), the leading application for self managing landlords who want to save time and stay compliant. Easily track properties, tenancies, tenants, repairs, rent, mortgage payments and safety certificates. Get your FREE account today (https://www.patma.co.uk/).