Rent-to-Rent

If you haven’t already heard of Rent-to-Rent then I would assume you are very new to the property scene or perhaps you have being focused on your own strategies, either way I strongly believe that this business model is accessible to almost every body and I want to share a brief rundown of it so that you can pursue this niche if it appeals to you.

So Rent-to-Rent is a process whereby You rent a property from a landlord under a management agreement which will state that you take over the management of their property for an agreed rent every month. You then add value to the property through designing and furnishing it to add appeal.

Once you have set up the property including utilities and broadband etc you get Photos taken of the entire house/apartment and list it online using platform such as airbnb and booking.com.

Through my own experience owning a Rent-to-Rent business for years I would estimate an average monthly profit of £1000 per month, bare in mind the tenants are typically shorter term, anywhere from 3 nights to 3 months so there are never guarantees but if you have worked out your pricing structure correctly it is extremely rare to make less than £1000 profit per month on a property.

My favourite things about this business strategy are that due to renting a property it becomes far less expensive than buying a property and opens up the playing field to many more people that want to escape the 9-5. It also tends to be a low maintenance business once it is operational, most of the work can be outsourced with little impact on your business income which gives you more time as the business owner to keep pushing forward.