Looking for a rent to rent deal sourcer?
Look no further: we've teamed up with the UK's best deal sourcers to give you deal alerts straight to your inbox...
We both know that rent to rent deals are like gold dust, and they don't come along every day...
But you'll have the best chance of nabbing one if you sign up to our deals alerts via the form on this page, and watch your inbox like a hawk!
For those not in the know, the rent to rent business model has seen massive growth in the past few years.
Rent to rent is so attractive because it operates by leveraging other people's properties (and the underlying lending). No longer does one have to save up thousands for a large deposit, and then jump through dozens of hoops to get approved for a buy to let mortgage.
Not only that, but because you're aiming for larger properties that can be operated as HMOs (houses in multiple occupancy), your cashflow is potentially very strong.
A common question on would be rent to rent investors' lips is: "why on earth would an owner of a property agree to a rent to rent deal? Why wouldn't they just rent it out themselves?".
Great question! The answer lies in the fact that the mere thought of being a landlord puts a large percentage of the population into cold sweats. They simply can't bear the thought of advertising rooms, vetting tenants, preparing leases, chasing rent, fielding maintenance requests, and so on. Even if they wanted to, most wouldn't have the time anyway.
On the other hand, the prospect of full market rent guaranteed for a couple of years or more, and all minor repairs taken care of, has many "reluctant landlords" salivating!
Here's a typical example of a rent to rent deal that you might see on one of our deals alerts:
5 Year Rent To Rent Deal Located In Bristol
Single let price: £1,400
As an HMO: 4 Bedrooms (with converted living room)
Rent per room: £650 for doubles, £595 for singles
(£650 x 2) + (£595 x 2) = £2,490
£2,490 - 1,400 (rent) = £1,090 Gross profit
£1,090 - Running expenses = Estimated profit: 1000 +/-
Deposit : £1,400
1 Month advance rent: £1,400
So, in summary, when it comes to property strategies, the rent to rent strategy takes some beating. Rent to rent deals can be hard to come by on your own as it takes a lot of skill and time to source them.
Fortunately, we have a solution for you... Simply sign up to our property deals alerts service via the form below, and you'll be the first to hear about any rent to rent deals that come along... And snap them up before anyone else does!