How it works is you find HMO properties and with the landlords permission and under a company let agreement you lease the property for 3-5 years. You then let each room out individually, ensuring you are compliant and with full acknowledgment of local licensing measures, generating a monthly profit from the rental income.
Once you have found suitable HMO properties and have the tenants in place, you will be receiving a monthly recurring income for reach property. This process can be repeated again and again and you can therefore increase your monthly profit exponentially.
Get in touchRent to rent involves leasing an entire property from a landlord by agreeing to pay them 'x' amount per month for a set period, typically between 3-5 years.
Through the contract, you are allowed to make certain changes to the property, such as painting/decorating or changing the furniture. Any major structural or building work is the responsibility of the landlord.
The landlord retains ownership of the property but a company let contract is put into place for you to manage the property and will find tenants to fill the rooms.
You then charge the tenants ‘y’ amount.
The difference between ‘x’ and ‘y’ less any bills and operational costs is your profit.
Are you ready to leave the 9-5 and begin building your own property portfolio?
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