ATA 065 – How do I show a letting agent I can afford the rent for R2R HMO? - a podcast by Stephanie Taylor & Nicky Taylor

On this weeks Ask The Angels we're talking about how to show letting agents you can afford the rent on HMOs and we have a great question from Scott about it.

Here is Scott's question...

“How do I show an agent I can afford the rent? 
Do I need to deposit some money in my business account.
I have £10,000 I could deposit.”

When you rent a property as a rent to rent business and your business, you won’t have financial history to show.
And most people won’t have £10,000 to deposit in their business bank account.

Luckily you won’t need it, the referencing process will be on you personally.
And for that they’ll do a credit check.
And also an affordability check, so see you have enough income to afford the rent.

The income can be salary.

So you don’t need a big lump sum but you do need to show you can afford the rent.

Visit the episode page to hear the full answer and ask your question!
✅ https://rent2rentsuccess.com/ata65 ✅

You can have you question answered at
✅ https://rent2rentsuccess.com/ask ✅

If you’re also at the beginning stage and you want the full overview of how all this works.

Get your free Rent 2 Rent Success Masterclass & Guide which takes you through the process   ✅ https://rent2rentsuccess.com/guide ✅

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