Want to start rent to rent - a few questions

szyblaszczyk

I was just looking for some answers - that's it. I know what's rent to rent about and don't need explanation.

I was also looking for advices from people who know about rent to rent as investors, not people who know nothing about this kind of business and are scared even if they didn't try it. I can't use such information in any way. The facts are there are not only dissapointed people but also loads of landlords who are happy about rent to rent deals.

[Deleted User]

Its advice not advices. The many errors in your posts suggest you don't actually know what you are doing, or the country.

You say you know what rent to rent is about but can't find a property and can't use basic grammar or spellcheck or listen to basic advice that conflicts with your own opinion?????

If you can't manage to find a property (but supposedly know all about rent to rent) then surely this is a non starter?

Sounds to me like you have no idea at all if you have to come on a forum to ask for basic advice. Or are you failing basic credit checks too? If a tenant ruins the property - do you have enough money for repairs/furniture replacement and to cover the loss in earnings whilst paying for the property if it can't be rented out?

Do you not think that all the people/agencies you have tried to propose this to so far might have reason for turning the idea down?

Do you have a business plan? Have you investigated if AirBnB is permitted in the area you want to set up in? Are you wanting to rent out rooms or a whole property? Or are you planning to persuade LL's to let you manage the process on their behalf (if they wanted to do this, they'd be doing it as has already been suggested).

Honestly, find another idea.

szyblaszczyk

It's not easy to find a property for rent to rent.

Of course we don't want to do anything without insurance and we are aware of risk. However, right now it's opposite to what you said before - that it's not risky for us (middleman) but for landlord and tenants. So I see some conflict in your opinion too!

I tried with 3 people for now and one person agreed. 33% of success is not bad!

It's not a good deal for agencies. They earn whenever landlords need to find new tenants. And if I'm interested in signing long-term contract it doesn't look like a good deal for them, don't you think so?
And landlords... They just don't know so much about it, they are used to agencies (and their fees) and are afraid of it as it seems risky to them. In fact, it's much more risky when they rent apartment on their own.

I don't need to find hundreds of landlords who agree to sign a contract. Just a few.

Anyway... Business is risky, isnt' it?

szyblaszczyk

I think I'll ask on some property related forum.

Moderator please close this topic.

Pixie5740

Well I was going to reply about a landlord I know who did just this but since you want the thread closed.....

DaftyDuck

szyblaszczyk wrote: »

I think I'll ask on some property related forum.

Moderator please close this topic.

This IS a property related forum.

Asking for a mod to close the thread shows you know as much about forums as you do about rentals.

Oh, and business is NOT meant to be risky, if you do it right.

Anyway, my advices is to go away and think more, learn grammar, and work on your presentation skills.

szyblaszczyk

I'm not an English grammar expert and I won't be for sure. I'm not business expert either. Actually my small business failed quite quickly. However, I found it more important to just make a step in something I really want to do and what's not that risky as you try to convince me and what's not some kind of rocket science. I made SWOT analysis, listened to dozens podcasts and just want to try it as it's a good moment in our life to do that. I asked quite simple questions but in return I just got instructed. On that terms I'm just saying thank you and I'll look for help somewhere else.

elverson

It's a crap idea, don't do it.

eddddy

Hi szyblaszczyk

Sometimes the people around here can be a little unfriendly!

Unlike many of the posters, I understand what you are trying to do, and I have been involved in these schemes in eastern European countries.

Unfortunately, in the UK, the 'rules' are different. Here are some examples:

1. Most landlords have mortgages (bank loans) on their properties. The banks won't allow the landlords to do 'rent-to-rent' schemes.

2. In the UK, landlords own their flats on leases. Almost all leases will not allow holiday lets or 'rent-to-rent'.

3. Landlords would need planning consent from the council to change a property from being a home to being a holiday let. (And many councils won't give consent.)

4. Landlords will see you as being very high risk, because you have no business history. They will worry that you won't pay the rent.


Therefore, I don't think your business has a very good chance of working in the UK. I think the only landlords you will find are 'bad landlords' who are prepared to break the rules and break the law.

Cakeguts

I am a landlord and I would never agree to someone doing this. We have an agent who is a member of several professional associations which mean more protection for the landlord and the tenant. You are I assume not a member of any professional association in letting property in the UK? A good landlord with a good business has no need of you as a middleman especially if what you are trying to do goes against local planning permission.