How could I make more money from a property than a professional letting agent or experienced landlord? - a podcast by Stephanie Taylor & Nicky Taylor

042 - You'll love this episode because it’s answering a question that really stops people from getting started. If a letting agent can’t make a property work, how can I?!

Perhaps you can see that a landlord or letting agent might entrust you with a property. 

How could you make it worth more money so that you can pay a fair rent to the landlord and charge a fair rent to tenants?

In episode 2 of this podcast, we talked about the three ways to do rent to rent and you’ll remember I talked about HMO, serviced accommodation and single let. 

HMO is the one with the highest return on money and time invested, especially for beginners. 
And it’s easy to see how you can make more money when the property is being rented as a single let and you rent it out by the room. 

Yet I suggested that you choose existing HMOs. 

That means the properties are already being let out by the room which prompts you to wonder how you achieve higher rents than the landlords or letting agent previously did. 

When a property is already an HMO you’d assume the owner or letting agent is already used to higher rents, and this isn’t always the case. 

The way we are able to achieve higher rents is by our HMO systems which many landlords and agents are unaware of, or do not implement. We complete a light refurbishment to the property (sometimes we pay, sometimes the owner pays). 

We dress the rooms attractively and we provide good service. And it’s the last one which provides the most uplift. 

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