What is Rent-to-Rent?
Rent-to-rent is when you rent out a property to a tenant on a single let basis. This tenant will rarely live at the property, and will be free to sub-let its rooms as they see fit. Depending on the type of property and the agreements made.
The sub-letter will then rent out the property to (usually 4+) separate tenants while paying the property’s single let rent and bills, while pocketing the difference. In other cases where the property is used for short lets the property can be let to one person who may be a corporate client.
Why would you bother?
“Why would an investor work hard to purchase properties, build up a great portfolio, and then allow other entrepreneurs to dive in and make more than them?”
Good question. Being a landlord can be stressful, meaning that when presented with such an opportunity as Rent To Rent, plenty of people will and do jump at the opportunity for several years’ guaranteed rent and a true hands off passive income. In a rent-to-rent scenario, property owners are guaranteed a specific start date, with no voids for however long the agreement lasts, plus no missed or late payments.
Many of the time-consuming aspects of renting out a property are taken care of by the sub-letter, meaning that the property owner, does not have to handle tenant queries or day-to-day management responsibilities and can rely on the sub-letter to deal with the smaller maintenance issues.
-Renting a property that you do not own and renting it out room by room.
-Landlords love it because you give them long term security.
-You look after the property and take care of the smaller maintenance jobs yourself.
-You carry out a small refurb with the landlord’s financial help and approval
-Find tenants to live in the property who pay you rent
-Profit on the difference between the rent you pay to the owner and the rent you get paid by your tenants.
You need to find a Landlord who is happy to rent their property to you with the knowledge that you will be letting to other tenants. They will need to be fully insured and, if they have a mortgage, they must inform their lender of the change in status.
NEVER let a property without the landlords consent and NEVER let a property until you have all the insurance and lender’s consent in writing via the landlord.
This will make sure that all the hard work you do does not go to waste and most importantly you don’t mess your tenants around.
It also one of the quickest ways you can make a passive income with little capital of your own. You take control of a property and transform it into a multiple rooms that you let by the room.
Our ROI or return on investment time frame is always targeted at 3 months. In other words we like to get our money back that we put in to set the property up including deposit, furniture and any light refurb in this short period. Beyond that, the rest is pure profit.
So, could Rent-to-Rent be for you?
If you’re looking for monthly CASHFLOW it could be closer and easier than you think.
Following our Proven Systems (7 years and counting) you will learn how to create a minimum £1,000 CASHFLOW per month from each property.
In many cases 3-4 properties can mean full time away from your day job allowing you to scale faster and become a real property expert.
Want to Learn Everything About Rent to Rent?
We run courses every month and for the latest dates please go to either he online course section or see live events for information on our Rent to Rent Masterclass and our Serviced Accommodation class which we specialize in Rent to Rent and for Mentorships.
You can go to this link and book right away on both Rent to Rent and Serviced Accommodation courses. https://bookwhen.com/ashleybanfielduk
We look forward to seeing you soon.
FOR FACE TO FACE COURSES
NOTE THESE WILL OPEN IN 12th JUNE 2021