TikTok ‘property gurus’ warned by regulator to be clear about sponsorship links
A TikTok celebrity couple from Rugby have been reminded by the Advertising Standards Authority (ASA) that their posts must be labelled as sponsored content if they are paid to produce them.
Twenty-somethings Summer Newman and her partner Matt Mellor have attracted a 200,000+ following on the social media platform using a familiar sales patter.
The pair, whose business has received glowing reviews from several UK tabloids including the Daily Mail, describe themselves as property deal sourcers for ‘cash rich, time poor’ investors.
The pair are also landlords, and say they have a portfolio in their home town, Rugby.
Newman has now begun using her sizeable social media following to promote their £797 ‘Mastermind’ property investment club, while also keeping their followers entertained with tours of super-luxe properties for sale including a prime newbuild development in Nottingham called The Knoll.
Her other main social media outlet, an Instagram account, was set up in 2013 when Summer was in her early teens featuring pictures of Lamborghini cars and multiple trips to Asian and other exotic destinations. She and her boyfriend also have a popular joint YouTube channel.
Get rich quick
Their shtick is not a new one, but has a ‘get rich quick’ ring to it that appeals to their Millennial followers and who they say, like them, can enjoy an apparently luxe lifestyle by purchasing under-valued properties off ‘motivated’ vendors and then, on behalf of investors, refurbishing and selling them on for a 20-25% profit.
The couple say they then charge a £2,000 to £10,000 fee depending on the property value.
ASA rules say that if a TikTok creator has been paid to post content, it must be labelled as such. But in the past it has not been clear whether the couple’s property tours have been sponsored or not.
They have told The Times that estate agents and developers are happy to let them film their property tours for free, and only pay the couple expenses such as parking charges. This is somewhat puzzling – very few if any of their young followers on TikTok are likely to be target buyers for such expensive properties. The Knoll is currently for sale at £4.5 million.
Pic credits: GuyPhoenix.com and Summer Newman/TikTok
©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – TikTok ‘property gurus’ warned by regulator to be clear about sponsorship links | LandlordZONE.
View Full Article: TikTok ‘property gurus’ warned by regulator to be clear about sponsorship links
Post comment
Categories
- Landlords (19)
- Real Estate (9)
- Renewables & Green Issues (1)
- Rental Property Investment (1)
- Tenants (21)
- Uncategorized (11,861)
Archives
- November 2024 (52)
- October 2024 (82)
- September 2024 (69)
- August 2024 (55)
- July 2024 (64)
- June 2024 (54)
- May 2024 (73)
- April 2024 (59)
- March 2024 (49)
- February 2024 (57)
- January 2024 (58)
- December 2023 (56)
- November 2023 (59)
- October 2023 (67)
- September 2023 (136)
- August 2023 (131)
- July 2023 (129)
- June 2023 (128)
- May 2023 (140)
- April 2023 (121)
- March 2023 (168)
- February 2023 (155)
- January 2023 (152)
- December 2022 (136)
- November 2022 (158)
- October 2022 (146)
- September 2022 (148)
- August 2022 (169)
- July 2022 (124)
- June 2022 (124)
- May 2022 (130)
- April 2022 (116)
- March 2022 (155)
- February 2022 (124)
- January 2022 (120)
- December 2021 (117)
- November 2021 (139)
- October 2021 (130)
- September 2021 (138)
- August 2021 (110)
- July 2021 (110)
- June 2021 (60)
- May 2021 (127)
- April 2021 (122)
- March 2021 (156)
- February 2021 (154)
- January 2021 (133)
- December 2020 (126)
- November 2020 (159)
- October 2020 (169)
- September 2020 (181)
- August 2020 (147)
- July 2020 (172)
- June 2020 (158)
- May 2020 (177)
- April 2020 (188)
- March 2020 (234)
- February 2020 (212)
- January 2020 (164)
- December 2019 (107)
- November 2019 (131)
- October 2019 (145)
- September 2019 (123)
- August 2019 (112)
- July 2019 (93)
- June 2019 (82)
- May 2019 (94)
- April 2019 (88)
- March 2019 (78)
- February 2019 (77)
- January 2019 (71)
- December 2018 (37)
- November 2018 (85)
- October 2018 (108)
- September 2018 (110)
- August 2018 (135)
- July 2018 (140)
- June 2018 (118)
- May 2018 (113)
- April 2018 (64)
- March 2018 (96)
- February 2018 (82)
- January 2018 (92)
- December 2017 (62)
- November 2017 (100)
- October 2017 (105)
- September 2017 (97)
- August 2017 (101)
- July 2017 (104)
- June 2017 (155)
- May 2017 (135)
- April 2017 (113)
- March 2017 (138)
- February 2017 (150)
- January 2017 (127)
- December 2016 (90)
- November 2016 (135)
- October 2016 (149)
- September 2016 (135)
- August 2016 (48)
- July 2016 (52)
- June 2016 (54)
- May 2016 (52)
- April 2016 (24)
- October 2014 (8)
- April 2012 (2)
- December 2011 (2)
- November 2011 (10)
- October 2011 (9)
- September 2011 (9)
- August 2011 (3)
Calendar
Recent Posts
- Why Do You Really Want to Invest in Property?
- Demand for accessible rental homes surges – LRG
- The landlord exodus is fuelling a rental crisis
- Landlords enjoy booming yields – Paragon
- Landlords: Get Your Properties Sold Fast and Cash in the Bank before the New Year!