Try and pitch *me* Rent 2 Rent and this is what you’ll get… 👉🏻 Them: *Starts talking some nonsense off a script about tired landlords and corporate lets and guaranteed rent.* Me: Ah brill. Yes I AM tired. Fucking exhausted, in fact. You MUST have met my kids? Sounds class but I just have a few questions… Can I just ask your experience in property? Do you have any assets in the background? When was your company formed? What’s your current cash to hand? Do you have any other clients who I can speak to? Who drafted your lease agreement? Can you explain how you would make this all legal and compliant? Do you have any other relevant experience? How about contract with employers and trades? Where are you personally based? Do you have staff? (Etc…) Them: *silence* Me: Ah righto, so just let me get this straight… You have no money, skills, experience, network, skin in the game or even means to guarantee my rent. I have a shitload of all of the above. Can you please explain you’re better positioned than I am to control and manage hundreds of thousands of pounds of MY assets? [End call] Rent to Rent is pitched by absolute chancers to the naive and desperate and THAT is why landlords and agents hate it. And why you as a landlord should generally give it a VERY wide berth. (If you don’t believe me watch this guys actual video) Go on, change my mind…
Aston H.
8mo
Definitely agree that you should not be ringing landlords with a bad offer and no/little experience. As you rightly pointed out, why are they better suited to manage your asset than you are? 99% of the time they're not but that's what these property gurus are teaching newcomers unfortunately. With that said, I don't agree with outing individuals on social media, industry as a whole is fine but targeting individuals and posting their face is bad form. You never know how it may make somebody feel or what actions they may take as a result of online hate
Vicki Peers
8mo
I don’t blame the R2Rers, they’re hustlers with energy who are trying to make money. If they employed that work ethic into setting up a different business, they’d likely go far. It’s the Goo-Roos on stage that sold them on the idea that get me, painting a picture of all landlords as stupid & useless. Yet it’s these stupid useless landlords who own hundreds of thousands of pounds of assets whilst the guys on stage are trading their time for money 🤔
I don’t think different approaches to business in property should be demonised. There are a lot of successful scenarios where R2R has been used. To solely highlight the negatives of it and the risks involved isn’t fair for those who don’t have hundreds of thousands of pounds to buy properties. Yes there are bad stories but there are also bad stories with AST tenants on standard BTL investments, but no one seems to talk about that as much as the bad stories with rent to rent. If people are educated and understand the legalities and processes for this business model, it usually does work out as a win win.
Joe Robertson
8mo
99% of the time I’d agree with you. But I do believe there is space for young talented individuals where this could work. Don’t get me wrong I’m not offering my properties but I know of people in the property space doing well out of it and is there stepping stone into property. Everyone has to start somewhere.
This has always been my view with R2R and when I was an HMO Broker, the landlords in the deepest 💩 were the ones who had a R2R contract. Some did a runner Some let the house rot While social media portrays R2R as being a win win. I’m not sure it is.
Matthew Robson Are you saying the 5k I spent on the only 5 places left R2R mentoring scheme will not get me your 6 bed Hmo to pay your minimum rent while I jazz it up with pillows and pictures and three fold is not gonna happen,🙄well I'm surprised 😅😅 The amount of people I understand convert use of home into R2R when they have AST tenancy ,incorrect insurance for type of use, ignorance is bliss
Karl Simpson
8mo
I know a very small (tiny) % of people who got into property with none of their own money and who did relatively well after a LOT of very hard work. It is definitely not 10-12 hours a week though and like all businesses the amount of effort and stress causes most fresh faced course graduates to give up when the going gets tough. And invariably it’s the 99% of those who will inevitably give up at that stage that cause the landlords for whom R2R may be a good solution to not touch it with a barge pole.
Craig Evans
8mo
They have the time to fuss and husstle over a few properties and maximise the profit with SA. Thats great, they give your house back better than you gave it to them! Lets face it you can kick out a company quicker than a tenant, do you like poorly paying tenants? or are you just SOOO used to it, any change would be an instant no? Maybe you should try it out and proove it to yourself with just 1 of your many asssets for 2 months, then you'll have real world experience and an open mind to futher future possablities. GROWTH MINDSET ALWAYS WINS!
Co-Founder & Managing Director | Real Estate Investor
8moI can understand your points around this clip, but trying to slam this guy online is bad form, especially as he’s clearly someone trying to push his business and make money for his R2R business. Some of the questions you have asked of him are completely irrelevant such as “contract with employers / trades” and "do you have staff”. Many successful businesses operate with no direct staff, so not sure what relevance this has. Granted, there are a lot of cowboys out there, especially who solely operate on R2R, but speaking as someone who has owned and operates a successful R2R business for a number of years as well as owning and managing our own assets, I have to disagree. Yes experience is key as is having the funds to deliver on the ‘guaranteed rent scheme’, but we shouldn’t knock people like this in seeking opportunities and ultimately trying to find deals. Rent to Rent is a fantastic model when managed by the right people. Like most businesses, there is good and bad in all fields. We should be encouraging lads like this, not publicly slating them