Want a Fast Start? Then Do This! Package Rent 2 Rent for Serviced Accommodation

It’s fast and it works generating profit very quickly!

This episode is packed with valuable content about exactly how to start and build a business deal packaging rent to rent for serviced accommodation.

The key is putting in place a very effective power team because packaging rent to rent for service accommodation has lots of moving parts.

David goes through step by step providing great advice and detailing exactly what you need to do and say to find the properties you need and attract the right investors meaning you can not only build your own portfolio but also generate profit very quickly.

 

KEY TAKEAWAYS

• It can generate profit very quickly  because you are dealing with rental properties
• You can go straight in see the letting agent, get the property off the market and do the deal and get paid
• Look for appropriate properties and people who want to be property investors.
• If properties net for around £1,000 per month you can keep them for your own portfolio.
• You can earn around £3,000 in fees for a deal if the contract is a reasonable length
• You need to find a good, serviced accommodation operator.
• Not all serviced accommodation operators are equal but a good one will be the cornerstone of your business.
• If you get out there on social media you will be overwhelmed by investors who can’t afford to buy but have enough to get into rent to rent.
• The more marketing you do the more leads and deals you will get.
• There are a variety of reasons a landlord will choose to go with a deal packager and rent to rent - you are guaranteeing the rent, there are no void points and you will be undertaking the maintenance.
• Before you go in work out the numbers

 

BEST MOMENTS

‘If you can source a rent to rent serviced accommodation producing £1,000 per month keep it for yourself’

‘Staycation is going to be huge during this year because people have to stay at home’

‘She earned £25,000 in the first month’

 

VALUABLE RESOURCES 

Property Sourcing Profits Podcast

https://www.progressiveproperty.co.uk/

https://unlimited-success.co.uk/

https://www.facebook.com/groups/progressivepropertycommunity/

Property Investors podcast

 

ABOUT THE HOST

David is a property expert with over 25 years’ experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004.

In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him, and he enjoys empowering other landlords by sharing the knowledge he has gained.

The ultimate purpose when sourcing properties in this sector for investors is to minimise risk while maximising profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring rents are paid and the transition to Universal Credit. These are strategies he uses in his own business and also on behalf of investors. His investor clients regularly achieve annual gross yields of over 20% with high occupancy rates and voids resolved, sometimes within hou