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YourFreeGiftRenttoRentTopTips

YourNextSteptoFinancialFreedom

ByAshleyBanfield-PropertyInvestorandMentor

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TableofContentsByAshleyBanfield-PropertyInvestorandMentor................................................................................................1

AboutAshleyBanfield.................................................................................................................................3

Introduction................................................................................................................................................4

WhatisRenttoRent?..................................................................................................................................7

Research.....................................................................................................................................................9

RenttoRent-TheDetails..........................................................................................................................11

Multi-Let,HouseShare&HMO.................................................................................................................13HouseShare.........................................................................................................................................................13Multi-letproperty.................................................................................................................................................14

Yourarea–Thegoldmine..........................................................................................................................15BuildingRapport–The12StepProcess................................................................................................................30FindingLandlordswithProperties........................................................................................................................31Usingagentstofindproperties.............................................................................................................................31

WanttoLearnEverythingAbout...............................................................................................................33

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AboutAshleyBanfieldIhavebeeninvestinginpropertysince2006andhaveaportfolioofsingleletsthataremanagedformeandvariousRenttoRentpropertieswhichIhavesourcedmyselfaswellasworkinginpartnershipwiththoseIhavementoredfrombeginnerstoamonthlyresidualincome.Manyofmystudentsarenowfinanciallyfreeandhavelefttheirdayjobs.AtWealthandSuccessAcademywearepassionateabouthelpingyougettowhereyouneedtobeandontheroadtotruewealthandsuccessregardlessofifthatisformoneyoryourownhappiness.Thedecisiontoprovideamanualinconjunctionwiththeonedaycoursewassimplydowntodemand–studentswantedsomethingtheycouldtakeawayafterthecourseanduseasaconstantreferencetoolthatcanbeusedwheneveraquestionscomesup.Ireallyhopeyouenjoytheextractofthemanualandshouldyouhaveanyquestionspleasefeelfreetoemailmeatinfo@wealthandsuccessacademy.com

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IntroductionInvestinginpropertyisverysimpleifyouwanttoinvestinpropertyinthetraditionalway.Thismaybeasinglebuytoletorflippingabungalowforprofitonceyouhaveaddedsomevalue.Itisbyallmeansstraightforwardifyouhavetherighttoolsandknowledgeforthejobandofcoursethepassionanddrivetogoandfindthedeals.Oneofthekeythingsweteachissophisticatedinvesting,whichiswhereyoutakecontrolofproperty,ratherthanowningit,leadingtohigherprofits.Why?Becausethismeanswecanopenupsomuchmoreopportunitywithmanymorepropertydeals-RenttoRentandLeaseoptionsaretwoofthesekeystrategies.NelsonRockefellerfamouslysaid,“Thesecrettosuccessistoownnothing,butcontroleverything”Wheneveryoureadaboutwealthypeople,ratherthantellingyouwhattheyown,theytalkinsteadaboutwhattheycontrol,business,companies,cars,propertyetc.Whenwemakemoneyfrompropertytodayitismostlyfromtakingcontrol,makingsomechangestotheplanningoruseandperhapsaddingvaluetoo.Wethenusemethodstoincreasethevalue,gettingourprofitsoutorsellingonasanoption–wedon’tpaymassivedeposits,meaningwecanworkonseveraldealssimultaneously.GoodNewsRenttoRentisoneofthesestrategiesandusingLeaseOptionscansimilarlyincreaseyourprofitsandlong-termwealthbeyondyourimagination.Tomakethiswork,youwillneedtobeahardworkerandveryfocused.Todothisyouwillneedapurposeinyourlife,aneedtomakemoneyandaneedtohelpothers.Thiswillcreateadriveinyouthatwillcontinuetogetyouoffthecouchandontothestreetsdoingdeals.Lookatthenewsonscreenorinprintandyouwillseewhatisdrivingthehighdemandforrentalproperties:immigrationincreasingintheUK,manyyoungpeoplewhocannotaffordtheirownhomes,pensionersnowspendingalltheircapitalandashortageofhomes.Thisalsomeansahighdemandforhousesharinginbigcities.Tobuyapropertyinthecurrentmarketyouneedatleasta25%deposittobuyaBTLand

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youwillalsoneedtopayfeestosolicitors,brokersetc.andofcoursetheirVATandpossiblystampduty.Asmentionedbefore,whatwelikeiscontrollingproperty,asthistakesuplittlecapitalandwealsoLOVEcashflow.Imaginenotowningaproperty,butmakingaresidualincomefromiteverymonthandalsohavingtherighttopurchasethepropertylaterwhenthetimeisrightforyouatalargediscount,partofwhichyouhavealreadypaid?Ifyouhavelittlemoneybutyouhavesometime,thenthisiswhatyouhavebeenlookingfor-asimpletolearn,easytofollowandsustainablebusinessmodelusingtwokeystrategiestogether.Youcangooutintothemarketplacetodayandyoucanfindpropertiesandstartmaking£500permonthminimumfromeachproperty.Dothistentimesandyouhave£5,000permonthincome.Doit20timesandyouhave£10,000permonth.

PLUS

Youhavecontrolover£1mplusworthofpropertythatyouhaveanoptiontobuy,butneveranobligation,atatimethatsuitsyouoverthenext5-10years.Ifyoucanfindone,youcanfindmanymore–justrinseandrepeat!ManyofthepeoplethatImeetonadailybasisandwhoattendourcourseechothesamedesires.Theywantfinancialfreedomandtheywanttobeabletoquittheirdayjobandthedailygrindofcommuting–some4-5hoursperdaytravellingjusttogettoworkandthenhomeagain,missingprecioustimewithfamilyandfriends.Inmostcasestherearehugeamountsofmoneybeingspentofchildcareandtrainsthatcouldotherwisebespentoncreatingyourownpropertyportfolio.

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Ontheflipside,Iaskyoutorespectthosewhowillsupportyournewfreedom.Yourtenantsarepeopletoowiththeirownlives.Yourpropertyshouldbekepttoanacceptablestandardthatyouwouldbehappytoliveinandbeconsciousofthefactthatthisisthehomeforyourtenants,theirplacetorestandrecuperateafterahardday’swork.Alsorespecttheownersofthepropertiesyouarenowcontrollingandusingasanincomegeneratingtool-afterallit’sinyourbestinteresttoo.Managingmultiletpropertiesismucheasierthanyouthinkandmanypeopledoshyawayfromthisstrategybecausetheyhavenosystemandhavenoideaorknowledgeonwhattheyneedtodo.Allofthisisallcontainedwithinthismanualandevenmoreontheonedaycourse.IlookforwardtomeetingyoufacetofaceontheRenttoRentdayandhelpingyoutoachieveyourgoalsoffinancialfreedomsoyoucandowhatyouwantwhenyouwant.

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WhatisRenttoRent?§ Rentingapropertythatyoudonotownandrentingitoutroombyroom.§ Landlordsloveitbecauseyougivethemlongtermsecurityoftenancy.§ Youlookafterthepropertyandtakecareofthesmallermaintenancejobsyourself.§ Youcarryoutasmallrefurbwiththelandlord’sfinancialhelpandapproval§ Findtenantstoliveinthepropertywhopayyourent§ Profitonthedifferencebetweentherentyoupaytotheownerandtherentyouget

paidbyyourtenants.

YouneedtofindaLandlordwhoishappytorenttheirpropertytoyouwiththeknowledgethatyouwillbelettingtoothertenants.Theywillneedtobefullyinsuredand,iftheyhaveamortgage,theymustinformtheirlenderofthechangeinstatus.NEVERletapropertywithoutthelandlordsconsentandNEVERletapropertyuntilyouhavealltheinsuranceandlender’sconsentinwritingviathelandlord.Thiswillmakesurethatallthehardworkyoudodoesnotgotowasteandmostimportantlyyoudon’tmessyourtenantsaround.

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Italsooneofthequickestwaysyoucanmakeapassiveincomewithlittlecapitalofyourown.Youtakecontrolofapropertyandtransformitintoamultipleroomsthatyouletbytheroom.OurROIorreturnoninvestmenttimeframeisalwaystargetedat3months.Inotherwordsweliketogetourmoneybackthatweputintosetthepropertyupincludingdeposit,furnitureandanylightrefurbinthisshortperiod.Beyondthat,therestispureprofit.

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ResearchWhenlookingatyourarea,youwillalsobeabletoworkoutwhattypeoftenantsyouwillhavemostofandwhattypeofpropertiesareavailableforyourtenants.Therewillbeplaceswithinwhichmicroareasexistandthesemayevenbreakdownintoparticularstreets.Forexample,thisisthecaseforstudentlets,whichareclosetoacollege,andprofessionallets,whichmaybeclosetocompanyheadquarters.Onceyouidentifyyourgoldminearea,youwillbeabletofocusandpinpointthepropertiesyouwantandneed.Wedothisbyvisitingtheareaandspeakingtolocals.Findoutasmuchasyoucanabouttheareaandthetypeofpeoplethatlivethere.Onceyouknowwhatadoubleroomandasingleroomwillletoutforinyourarea,findouthowmuchasuitablepropertywillcostyouinrent.Onceyouhavethis,youcanalsoworkouthowmanyroomsyouneedtohaveinthepropertyonceitisrentedoutsothatyouknowwhatprofityoucanachieveeachmonth.Wetendtostickabove£600permonth,whichinsomeareasweworkisaminimumof4roomsbut5inothers.ThelargerthehousethebetterandoldVictorianhousesorexlocalauthoritypropertiesareveryspaciousandhavehighceilings.Thesealsohavelargerbedroomsandhencemoredoubles,meaningmorerentforyou.

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Someoftherequirementsfortenantsareasfollows:

§ Istheresufficientparkingnearbyifrequired?§ Companiesintheareatoprovideemployment?§ College?§ Retail,asmanypotentialtenantsworkinthisindustry?§ Localtransport?§ Supermarket?§ Suitabilityforthetypeoftenant?

Inourproperties,whichareprofessionallets,wealwaysmaintainatleastonesinglecommunalroomorreceptionroom.Thebestscenarioforusiswherethekitchenisopenplanandincorporatesalargedining/sittingroom.Ifwecan’tfindthis,wemakearoomatthefrontofthepropertythecommunalarea,becausepeoplewon’tappreciateotherswalkingthroughtheirbedroomtogainaccesstothehouse.Workoutyourrentperroomratesinyourgoldminearea,particularlyinthemicroareas.Findouthowmanyhousestherearethatfityourcriteria–soifit’saminimumof3,4or5bedstomakeitviable,searchonallbecauseyoucanalwaysconvertup.

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RenttoRent-TheDetailsTherearealotofquestionsyouwillbeaskingyourselfnowandmanyofthesemayhavebeenraisedbyyourfriendsorotherinvestorswhodon’tfullyunderstandtherenttorentstrategy.Someofthesequestionsare:

§ Isitagainstthelaw?§ Whatwilltheagentssay?§ WhatcontractsshouldIuse?§ ShouldIuseanAST’sorlicense?§ HowdoIevictatenant?§ Aretheresystems?§ Isthereaprocess?§ DoIusealettingagentorself-manage?§ Wherecanitgowrongandwhataretherisks?

ManywillassertthatRenttoRentisadubiousstrategyandtheywouldberight-ifyouweretostartwithouttheknowledgeyouneedtomakeitworkandthesystemstohelpyoumaintainaresidualincome.Sublettingcanbeseenasillegalbyagentsandotherswhodonotunderstandhowtosetthestrategyupproperly.Note–sublettingisillegalifyourentthepropertyonanASTandthenuseanASTtosublet.Wedonotsublet–wemanagethepropertyandletthepropertyoutbytheroomonbehalfofthelandlordeitherdirectorviaanagent.Wespeaktomanyagentsandsomewillnothelpoutnomatterwhat.Thesetendtobelargecorporateswhojustdon’tunderstand.Whendealingwithlandlords,youmustalwayshavepermissionandyoumustalwayshavecopiesofthedocumentsthattheyhavefromtheirinsuranceandlendersapprovingthesublettingoftheproperty.Ifthepropertyisownedwithoutamortgagethenitisamuchsimplerprocess.Theremayalsobeaneedforadditionalregulationsandlicensingdependingonthepropertystatus.Theagentswhodounderstandhowitworkswillaskvariousquestionstoseehowexperiencedyouareandsomewilltrytocatchyououtatviewings,askingyouridiculousquestionsaroundwhatyouplantodoandhowmanytenantsyouhavegoingin.Theymayeventellyouthatapropertythatwillhold5peoplecanhold10andifyoulookallexcited

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youhavebeencaught.Youneedtoknowtheratiosforkitchensandbathrooms–circa1:5forasinglekitchenandonebathroomwithaseparatetoiletasaminimum.SystemsandProcessesareessentialtoyoursuccessinthisstrategy.Youwillneedtofollowastrictprocesssoyoudon’tmissanythingthatmayjeopardizeyourcredibilityandprofits.

Onceyoureachalevelthatyouareworkingfartoomuchonmanagingyourproperties,youwillneedtohavesomehelpandoutsourcethemanagementofthepropertiestofreeyouuptoviewmorepropertiesortohaveaholiday.Wehavepropertiesthataremanagedbyagentswhofoundustheproperties,wehaveacouplewemanageourselvesandwealsoemployamanagerfortherest.Sheisextremelygoodatherjobandwehavecompletefaithinherability.Afterall,wetrainedher!

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Multi-Let,HouseShare&HMO

licensingandregulationsAsyoumayhaveseeninrecentyears,rentisontheincreaseandmanyfirsthomebuyershavebeenpricedoutofthemarket.Thepopulationhasexpandedandcontinuestodosoandnomatterwhatthegovernmenttriedtodo,theysimplydon’thaveenoughhousesfortheamountofpeoplethatneedahome,letaloneaffordablehousing.

Asaresult,manyhousesarebeingconvertedintoflats,HMO’sandmultiletswhichcanbeusedtocreateafantasticcashflowforpropertyinvestors.Wepreferbigcities,asmanypeoplewhowanttorentaroomdonotownacar,buttheywillcatchabus,train,walkorbiketowheretheyneedtobe.Sowhatarethemaindifferencesbetweentheaforementionedproperties?

HouseShareSimplyallwholiveinthepropertyareallonthesameAST.ItcanbeanyhouseofanysizeandsomeLocalAuthoritieswillhavetheirownrulingsonwhetherornotaHouseShareisanHMO.InmostcasesIwouldsaythatiftherearemorethan3peoplewhoareunrelatedthenitisaHMOwhetherlicensedornot.Wedon’treallydealwithHouseSharesaswewillletoutbytheroomnotbythehouse.

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Multi-letpropertyMultiletpropertiesarepropertiesthathavemultipleroomswithinapropertythatareletoutasindividualrooms.Soa4bedhousecouldbeturnedintoa4bedmultiletwherewewillrentoutthepropertyroombyroom.Wewillalsoutilizeanyreceptionrooms,asroomstolet.Therentforthispropertyasasingleletmightbecirca£600permonth.Asamultilet,wecouldrentthisoutbytheroomatanaverageof£90eachperweek.That’s£450perweekfora5bedpropertyor£1,950permonth,morethandoubletheoriginalrentalandevenwithexpensestakenout,yieldingaround£850permonthprofit.Theweeklyrentwilldependontheamountofsingleroomsanddoubleroomsavailable.Youwillalsogetapremiumfordoubleroomswithanensuite,sothemonthlyrentcouldincreasetoanaverageof£100permonthor£2,165permonthand£1,065profit.Nowlet’slookatpropertieswithmanymorerooms.Takeapropertywith5bedroomsand3receptionrooms.Iftherentwas£900permonthandwehadtheopportunitytoturn2ofthereceptionroomsintotwomorerooms,therewouldbe7roomsthatwecouldletout.Usingtheaverageof£90perweekinrentwewouldget£630perweekinrentor£2,730.Afterexpensesandrent,thiswouldyieldamonthlyprofitofaround£1,180.Onceagain,ifthereweremoredoubleroomsthansingles,wecouldgetanadditional£60perweekor£260permonth,takingourmonthlyprofitto£1,440.LicensedHMO'srequireyoutohavestrongsystemsandprocessesinplaceastheytakemuchefforttomanagethananysinglelet.Byvetyourtenantscorrectly,ensurethepropertyissetupcomfortablyandiskeptclean,youwillbemuchmoresuccessfulinretainingtenantsforlongerperiods.AMulti-LetwillrequireeachindividualtenanttosignanAST(assuredshorttenancy)oralicensetooccupy.Theseareverysimilarexceptalicensecanallowyouinstantaccesstothepropertyandifyouhaveproblemtenants,itismuchquickertoevictthem.Ashley–evenonanAST,Ithoughtyouhadimmediateaccesstothecommonareas,justnottoindividualrooms?WhatisanHMOandwhydoesitneedtobelicensed?Wellthat’sthemilliondollarquestion.Nationalguidelinesexist,butbeawarethatthelocalcouncilmaynotbeawareofthemandwillsimplyfollowtheirownrules.Forexample,inanArticle4area,planningpermissionwillberequiredforachangeofusefromUseClassC3residentialtoC4HMO,whichmaywellnotbegranted.WehavemanyHMO’sinallareasoftheUKincludingLondon.

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Yourarea–ThegoldminePersonallyIsticktolargecitieswhereIknowthereisalotofpotentialtenantsandopportunitytotakeonHMO’s.Youmaynotliveinacitylikeme,butyouwillneedtobecloseenoughtobeabletotakecareofviewings,issuesandmeetinglandlords,whichinmycasearenofurtherthanhalfanhourdriveaway.Ideallyyouwouldwanttolivewithin15minutesorsoofyourgoldmineareatoreducetheneedfortravel.

Ifyou’regoingtoemployamanager,thispersonshouldbewithin10-15minutesofyourpropertiesinyourchosenarea.Thinkoflocallettingagents–theyarealwaysinthearea.Targetcitieswithlargehospitals,companiesanduniversitieswhichwillattractplentyofprospectivetenantsorsupply.Ifyoustarttolookontheoutskirtsyouwillhaveissueswithtenants’travel,shopping,buyinggroceriesandsoon.Mostwillnothavecarsandneedtowalk.Iftheycan’tgettheresimplyenough,theywilleventuallymoveoutorworse,youjustwon’tbeabletolettheproperty.GotoWikipedia,typeinyourchosencityandcheckoutthepopulationnumbers,growthandlocalindustry.WhenItypeinPeterborough,Wikipediaisatthetop.Clickonthelinkandtakealook.SomeinformationIgetis:populationestimatedin2012tobe186,400,ofwhich137,910wereresidentsintheurbanareaofthecityDidyounoticethatpeopleareconcentratedinthecity?Accordingtothe2001census,theworkplacepopulationof90,656isdividedinto60,118peoplewholiveinPeterboroughand30,358peoplewhocommutein.Afurther13,161

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residentscommuteoutofthecitytowork.[69]EarningsinPeterborougharelowerthanaverage.Medianearningsare£9.77perhour,lessthantheregionalmedianof£11.69andthenationalmedianhourlyrateof£11.26.[70]Aspartofthegovernment'sM11corridor,Peterboroughiscommittedtocreating17,500jobswiththepopulationgrowingto200,000by2020

Nowthatyouhaveidentifiedanareayouwanttotarget,gotowww.rightmove.comandenterintotherentsection.Selecthouseswith‘Pricerange(£)’minimum£600and‘no.ofbedrooms’minimum4.Thiswillgiveyouthepoolofprospectivelandlords.Yourareamaydictateahigherrentfor4bedhousesandinLondonyoucanchoose3bedhouses,becauseyouwillcommandahigherpriceperroom.Inmyareas,Iknowthattoachieveaminimumof£600profitpermonthIneed5roomsasaminimum.Gettinga4bedhouseandturningitinto6givesmeatidyprofitofcloseto£1,000permonthprofitifmostaredoublerooms.Someareaswillonlyneed4roomstogetthesameprofit.Nowgoontoeitherwww.easyroommate.comorwww.spareroom.comandcheckhowmanyroomsareforletinyourarea.IjusttypedinPeterboroughintoSpareRoomandIgot384resultsforroomstolet.Roomswantedare284andIcanalsoseethatthetypeoftenantIamlookingforiswillingtopayaround£100-125perweekforaroom.

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Simple.Ifyouwanttodigrightintothegoldminearea,youcanalsoplacefakeadvertsonSpareRoom.Placingadvertsisfreewithouttheemphasisofboldtypeface,oryoucanpayifyouwantitbold.Thereisalottofillinbutit’swellworththeefforttogetlivefeedbackondemandforyourarea.Createanadvertforlookingandalsooneforroomavailable.InthecaseofPeterborough,thereareafewmoreroomsthanpeoplelookingsodemandforroomsisslightlylower,butstillwithintheacceptablerangeduetothelargenumberoftenantslooking.Thisisalsoagreatplacetocontacttenantsdirectlyaboutyourownpropertyonceyouhaveone.

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BuildingRapport–The12StepProcess

Whenyoumeetandgreetpeopleinyournormaldaytodaylifeyounoticethatifyousmilewhenyougreetpeopleforthefirsttimetheygenerallysmileinreturn.Ontheflipsidewhenyoumeetpeopleandtheydon’tsmileittendstoputthoughtsintoyourheadthatthisisgoingtobeatoughconversation.Asmileisoneofthemostinfectiousgestureswehaveinourtoolkitanditisextremelypowerfulwhenestablishingrapportwithlandlordsandwithagentsandalltheotherpeopleyouwilldealwith.Trytomakesureyoursmileisalwaysgenuineandsincere.Ihaveoutlinedthemainstepsforbuildingrapportandessentiallyaskingforthebusinesswiththelandlord.Thesecanalsobeusedwiththeagentsyouworkwithandfoundinmyrenttorentmanual.

Qualifytheopportunity&meetthelandlord

QuestionstoidentifyLLchallenges

IdentifyhowyoucanhelptheLL

Present&demonstrateyoursolutiontotheLL

Testthewaterbyaskingforthebusiness

Casestudies/testimonials

Starttotiethemdown

Offeratimetostart

Askforapprovalandcontractssigned

Thankthemforthebusiness

Identifyotherpropertiesorlandlordstheymayknow

Introductions

FindingLandlordswithPropertiesThisiswhereyouwillspendsomeofyourtimeandeffort–ordinarilyyouwillbelookingforLandlordswhoarehavingchallengesrentingouttheirpropertyandwhomayhavealotofvoidsbecausetheymayhaveinheritedthepropertyorhavebeenthrownintobeinganaccidentallandlordfornumerousreasons.Whenyougoknockingontheirdoortellingthemthatyoucanofferthemalongtermtenancywithguaranteedrent,theyarelikelytolistentowhatyousay.

Backtowww.rightmove.comnowandweneedtoseeifwecanfindsomeHMOtargetsthatwillalreadybelicensedandmostlikelyinabitofamess.Yes,youguessedit,thesearethestudentlets.UnfortunatelyformeinPeterborough,ifIclickonthestudenttabinthetoprighthandcorner,Igetlittlereturnifany.IfIclickonthesamestudenttabandtypeintotheboxManchesterforexample,thenIgetaload–over1,000listed.IfIthenbreakitdownto9+bedroomsIgetaround60results.ThisisagreatwaytotargetHMO’sthatalreadyexistandshouldhavelicenses,butalwayscheck.

UsingagentstofindpropertiesWesmashthisinourgroupandmanystudentshaveover10dealsviaagents.Thisisalittleharder,buttheideaistogetaloadofthemworkingwithyoutoachievethesamegoalaswiththeprevioustwostrategies–findinglandlordswhowillsublettoyou.Youmayevenfindthatthisisoneofyourbestwaysofsourcingdeals.Firstyouwillneedtoapproachagentsinaprofessionalmannerwithplentyofanswersforthequestionsyouknowtheywillaskyou:

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Doyouhaveacompanyname?AwebsiteIcanseeandshowthelandlordasareferencepoint?Experience?CreditChecks?References?Examplesofotherpropertiesyoumayhave?Companiesyoudealwithforcorporatelet?Contracts?Accreditationsormembership?Youwanttoansweryestoasmanyoftheseaspossible,sobeprepared.Youwillneedawebsiteasalandingpointtomakeyoulookprofessional,abusinessnameifdealingwithcorporateletsandallthecontractsinplace(whichweprovideyouwithanyway).Frommyexperience,thisisaharderstrategyandsoIsuggestyoustartbygoingdirectlytolandlordsfirst,whoaredesperateforhelp.Thiswayyougetexperience,referencesandexamplesofhousesyousublet.Onceyouhaveawebsite,joinNLAandusethelogoonyourwebsitewiththeirpermission.Ifyougettime,taketheaccreditationtoo.Thiswillhelpbolsteryourimageasaprofessionalandalsoeducateyou.Thebestwaytoapproachagentsiswithasimpleshorttelephoneintroduction:Hello,mynameisJohnandIamlookingforpropertiestorentinandaroundthecitycentreofPeterborough.I’veseensomeofyourpropertiesonRightmovethatIcanuseformycorporatelettingbusinessandI’dliketoviewsomeifpossibleoverthenext2-3days.Canyouarrangethisformeplease?Neverusethetermsub-letting!Althoughagentsknowwhatthismeans,itcanscarethemoffquickly.Mostwillknowwhatcorporatelettingisandunderstandtheterm,butifnotyoucanexplainittothemwhenyoumeetatthefirstproperty.Agentsalsogetexcitedwhenyoumentiona5yeartermandguaranteedrentandbecomeevenmoremotivatedifyoutellthemyouwillaskthemtomanageitonyourbehalf,astheygetdoublebubble(commissionfromyouandthelandlord)–butthisisonlysustainableifthereisenoughprofitinthedeal.

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WanttoLearnEverythingAboutRenttoRent?Foranyquestionsanddetailspleasesendtomeatinfo@wealthandsuccessacademy.comandIwillbehappytohelp.Weruncourseseverymonthandforthelatestdatespleasegotowww.wealthandsuccessacademy.comForinformationonourRenttoRentMasterclassandourServicedAccommodationclasswhichwespecializeinRenttoRentandforMentorshipscontactmedirectly.YoucangotothislinkandbookrightawayonbothRenttoRentandServicedAccommodationcourses.https://bookwhen.com/ashleybanfieldukWealsorunaNewInvestorDayeachmonthwhereyoucanlearnallaboutthestrategiesweusetoacquireandcontrolpropertiesforlittleornomoney.IwishyougreatsuccessandaprofitablebusinessandIlookforwardtoseeingyouononeofourrenttorentcourse.Thisiswhatweincludeontheday;

§ WearenowteachingnewandexperiencedinvestorshowtogetstartedinRenttoRentwithafullonedaycoursewhichiscontentrichfocusingonthefollowing;

§ Choosingtherightareaforthehighestprofits–downtothebeststreets

§ FindingtheLandlordsandhowtoapproachthem

§ Usingagentstohelpyoufindmultiplepropertiesquickly

§ LicensingcriteriaforHMO’s

§ FireSafetyregulationsforalltypesofproperties

§ Findinglongtermtenants

§ Managingthepropertyyourselforhavinganagentdothisforyou

§ Contractsforthelandlord,agentsandtenantsallincluded.

§ Triedandtestedinterviewtechniquesforagentsandlandlords

§ TheRenttoRentcalculatorandROIchecker

§ Raisefinanceforthesetupcosts

§ Systemsweuseandwillteachyou

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§ Experiencedguestspeakersonthedaysharingtheirownsuccess

§ LeaseOptionscoveredforanadditionalrevenuestream

§ FullManualwithalltherenttorentinformationyouwillneed

§ Allthecontractsanddocumentsyouwillneed–30intotal

AshleyBanfield