In today's episode, I will share with you nine signs that Rent-to-Rent might be a good strategy for you. It's not for everyone, but if it is, I don't want you to be saving up for six months when you can try and make a passive income today!

In this episode, we will be discussing Rent-to-Rent vs Deal Sourcing. We will go head-to-head to determine which strategy has the edge, which approach I prefer and which strategy you might want to operate. I’m going to run through five key performance indicators. 

This podcast episode is dedicated to the BRRR strategy. I specialise in Rent-to-Rent; however, I'm very strategic in how I spend the money I earn from my Rent-to-Rent properties. You need to be careful about how you spend your money. It's my personal belief that you should re-invest that money into assets. Once you have re-invested your money into assets, and those assets start to make money, then you can go ahead and spend the money as you wish.

Stop overthinking and get started. - When I decided Rent-to-Rent was a good strategy, I got stuck in. I created my logo, branding and website, set up my company, and started to take daily action. Don't overthink it. Get started and stop worrying about what will happen in six months. If you create momentum and people see results, it will help your credibility, which is key to scaling your Rent-to-Rent business.

Article four directions are legal means by which a local authority can require property owners to seek permission to convert a single dwelling house into a small HMO. In other words, normally, in a non-article four area, you can apply for an HMO licence on any property. 

In an article-four area, you have to get planning permission, and you have to change the use of the property before you can apply for the HMO license. 

I love being direct to the Landlord; however, if you want to scale your Rent to Rent property business, you will need to learn how to deal with landlords and agencies. In this episode, we will focus on getting deals by approaching Landlords directly. If you want to find out more about building relationships with agents, listen to my recent podcast episode #30.

In today's episode, I want to explore the five most common Rent-to-Rent objections and how to handle them. Number 1 - How can you guarantee my rent? It's too good to be true, how can you guarantee my rent? Answer - This is our business model. Keep it simple. We have enough units, and we have covered out the downside to guarantee your rent.

I will be looking at how to identify seven signs that your Rent-to-Rent strategy is not working for your property business. Through my mentorship programmes, I work with many people who have set up their Rent-to-Rent business but have hit a brick wall. For some reason, it's not clicking for them. I want to cover some of the most common issues people are experiencing and how to overcome them.

I know there is a lot of fear around approaching letting agents; however, we have to be aware that Letting Agents have the majority of the properties, and generally the best properties. They have a marketing machine, and they are trusted and established. I love being direct to the landlord, but it is just one deal unless it's a portfolio landlord. I have Letting Agents that have now provided me with several deals; one agent really can make your business.

In this episode, I want to cover why I believe Serviced Accommodation has massive potential in 2021. I'm going to cover whats currently happening in my business and some of the big changes I'm already starting to notice this year. I'll also share some Serviced Accommodation tips and tricks with you that will hopefully help you on your property journey.

I wanted to focus on goal settings during this episode, and more specifically, why you should be setting 90-day goals for 2021. Traditionally people like to set big goals, for example, I want this house or this car. People often struggle to set timestamps, or if they do it will usually be annual.

I genuinely believe that there is a key factor to become wealthy and financially secure. You need to diversify, diversifying your income to not rely solely on working for money. You need to find ways to make your money work for you, making sure you are compounding your efforts and taking advantage of compounding interest.

The first consideration needs to be property stock. First, you need to find out if there are suitable properties to-let. For example, if there are many properties available that can indicate how motivated a landlord will be and if there is an opportunity for you to help.

In today’s money, Rockefeller would be the worlds richest man exceeding the net worth of Bill Gates and Jeff Bazos. In this episode, I want to explore his concept and discuss whether it is okay to control an asset and not own it.

We are currently in a renters economy, which means there are more and more people looking for rental properties. Due to the uncertainty currently, I have seen an increase in demand for people looking for a room with fixed rent, inclusive of bills, so it is easier to control their costs.

I have been fortunate in that most of my tenants have been amazing, and I'm cautious about looking for red flags when accepting an application process. However, I have not been able to avoid bad tenants entirely, and in this episode, I run through my top three worst experiences.

I want to cover a massive issue that I’ve seen time and time again this year, and I have experienced this myself. It’s challenging to stay focused and motivated with so many restrictions in place. There is a temptation to have the mindset of waiting, wait until COVID blows over.

One of the most frequently asked questions I get; Professional vs Student HMOs, what would I recommend. I am going to run through six key performance indicators; rental income, expenditure, length of tenancy, occupancy rates, management, and analyse the risk of each method during a recession.  

When the second lockdown was announced, I decided to reflect on the year so far. What happened in March and how our business had performed since the first wave. We've massively increased our monthly rental revenues, acquired six new deals – we had thrived through this period.

In this episode, I will break down how to systemise your business, with a focus on the Rent-to-Rent business model. However, if you have a property business that focuses on other strategies, I think there will be some great takeaways.