Rent to Rent explained SIMPLY! | David France

[@kevinbeck4194]

Question David. Rent 2 rent. Converting a 3 bed into a 4 bed hmo, there’s obviously a cost and sometimes you have to alter the layout. Do you have to put back to how the property was after the term ends

[@fastpropertypartners]

Good question Kevin, depends on what you agree with the owner, but in most cases you will have to put the property back to the original lay out

[@crstein]

How does the agreement established between the owner and the landlord account for possible interest rate increases? What is a realistic monthly revenue from R2R? Who takes responsibility for property insurance?

[@liamgarrard2521]

Good explanation on this I had no idea about these strategies. In both of those examples, who would be liable for maintenance/damage for the property, you or the landlord?

[@fastpropertypartners]

Hi Liam, thanks for your comment. The biggest selling point to a landlord to give a property on long term let, is the fact the investor takes on the responsibility of the repairs and so on.

[@Findlay1987]

Hi David. Just a quick question, do you have to inform the mortgage company if you are going to turn a standard BTL in a HMO ? Or again the same if you use it as Airb&b. Much appreciated.

[@fastpropertypartners]

Hi Scott, our agreements we use make it clear the owner has checked he/she does not breech the mortgage if they have one on the property. This is why we suggest people get the proper training and paperwork to avoid any issues as if you get it wrong you can end up in trouble

[@Findlay1987]

Brilliant. I am just studying up all I can at the minute. Thanks for the reply.

[@shaduwy]

I see why you’re The broker and not The investor...... Good Job...

[@TheMack0007]

This is great scheme. Bu t one huge downfall is that is creating a bubble in the upcoming rent or buy scheme. As property prices eventually go up. Cuz everyone is doing this. Al for the cost of tennants. Prices go up. Accommodation space and quality goes down. At the end you are working and paying for your own "box" of space.

[@fastpropertypartners]

I agree not all landlords offer quality and value for money, not sure what you mean about a bubble though as with rent to rent you are giving the market what they want and if the house prices go up then thats good for the owner of the property.

[@TheMack0007]

@@fastpropertypartners tnx for clarifying. I newer looked at it that way. Its a win win solution. And yeah I agree with value and quality point.

[@Bathingwookie]

Is it getting hold of the landlords that's the hard part?

[@mpande09]

Good video. Am learning....🤔🤔

[@fastpropertypartners]

Thanks Grace, let me know if you want any videos covering anything else property :)

[@Lazzarros]

I don't get it. Why would somebody pay 400 pm for a room, since they can find a house for the same price? Is this a thing in UK?

[@fastpropertypartners]

Great question! to get a whole property for 400 a month you would be talking in most areas of a small 2 bed terrace, you would need to go through referencing, pay a deposit and first months rent and bills also fully furnish the property- Renting rooms is far more flexible and you are not always tied in for a s long and bills are usually covered, also they are fully furnished to a high standard (in a lot of cases) . Also some people like living in shared houses for the social environment- some of these rent to rent HMO style properties have en-suites and the rooms are done to boutique standard.

[@skybasesolutions-patchmap4813]

Who manages the properties day to day?

[@LaytonBarr]

Hi David I appreciate your teachings on RtoR however could you please explain the x4.33 calculation what's is for and effectively who pays it? Thanks in advance.

[@fastpropertypartners]

Thanks Layton- the 4.33 is how we arrive at the monthly figure- So in this case the weekly income x 4.33=the monthly gross income

[@LaytonBarr]

Thanks for the swift response David, it's just dawned on me 4.33 is a swift way to calculate £400. x 52 wks yr / 12months. Thanks excellent videos 👍

[@fastpropertypartners]

No problem and if you want me to do any short videos on any other topics do let me know

[@hudson7354]

You need a local authority license. The owner or his mortgage company might not allow it. It costs money to convert and money to put back HMO is prone to void periods Only a desperate owner would do this

[@thestreamreader]

Do you ever ask for a discount on rent if you do a 5 yr lease.

[@montygti]

£65 bills per person per month(water, gas, elec, wifi and council tax, surely not, who pays for insurance?

[@darienpoh5608]

Isn’t subletting illegal?

[@mahendraraut]

Can non UK residents go for rent to rent? is there any legal binding which wont allow them?

[@fastpropertypartners]

Hi Mahendra, yes absolutely! one of our investors who buys some of our packaged deals lives in China. Let me know if you would like to go on our list for packaged deals, you should also consider lease options

[@bpositive8079]

hi, who will spend miney to convert house to HMO ? thanks

[@bpositive8079]

money

[@gang-gang8325]

How can I buy a property deal from u

[@giomoscioni9949]

Hi David, great video. I live in Switzerland and would like to make investments that can generate cash flow, what do you recommend? is there a way for us to get in touch? Thank you for your response and kind regards, Gio

[@MrTeeri4]

Hi Gio Moscioni. I help investors like your self as I source properties. I speak to landlords. Find deals and package them and sell it to investors based abroad. Any questions about this please email me at [e-mail] thank you.

[@renttorentwithbenandcraig7474]

Hi there, great video. How do I go about buying some of these deals? I live in the Midlands area. Thanks

[@fastpropertypartners]

Hi Craig, You have two options, either pay someone to find them for you or I can train you on how to find them. Let me know if I can assist

[@crstein]

What are the legal considerations? There are often clauses denying sub-letting.

[@fastpropertypartners]

Correct if there are freeholders or management companies involved, its down to using the right paperwork and getting consents if needed.

[@renttorentwithbenandcraig7474]

David France I am looking to start a rent to rent business but I'm new to it all and not sure the best way to get started. If you have any advice I would be very greatfull. Thanks

[@crstein]

David France thank you for your reply. It's very dedicated of you to reply to all comments. What are the biggest risks with lease option contacts? I presume there is the possibility the buyer doesn't pick up the option as well as the market value being wildly different from the agreed option price.

[@rmendola759]

Can you source me a deal ?

[@fastpropertypartners]

Sure if you want to go on our list complete the form here podio.com/webforms/15707331/1060105

[@code92]

Bulshit a property how have potential of 1600 give this count in 400.

[@MrTeeri4]

Pakistaniboy4u learn English no need to swear. Its doable