What's up people! We hope you found this video helpful! Here are some links to videos you might find interesting: - What to look out for on a Property Viewing | R2HMO Strategy UK ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-3BB8rRVLVr0.html - Securing Our First 2 HMO Deals From Start to Finish ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ueYCWkPawUE.html What do you want to see/know next?
Jozef Toth haha 😂 really? I’ve had a mentor which was golden and a large contribution to us getting deals but this stuff can be researched online right? surely 😁 if not, don’t tell the gurus 🤣🤣hope this helps people
looking forward to finding out the do's and don'ts of getting a R2R. thank you guys for sending me the viewing form . its really detailed and well laid out thanks.
Great content chaps, i'm down the road in Weymouth. Nice to see your local. Im about to remortgage my own residential property and pull a ton of cash out. Hoping next Spring to get started building a portfolio.
Hi Gents, abit late into the game, without mentioning any names. I like the way you both come across (keeping it real) think I need to watch most if not all your videos.. Late in the game my job is done in less than two years and need to learn and understand.. Appreciate any more info you can give me.. Wish you continued success guys.. 👍🏿
Great video guys! Keep up the good work. As it happens I'm also based in Bournemouth and looking to get into R2R HMOs! So it's good to see it's working well for you in this area. Article 4 not causing you any issues as you are targeting existing HMOs. Well done.👍😉
Thank you for sharing these tips with us! You make some important points. And thank you for answering our questions. We further learn from other's questions.
Well done with making this video guys. Love that you've spiced things up a little. Makes the video more entertaining and enjoyable to watch! Keep it up!
Money Employed ahh thank you a lot more effort went into this one! We will keep it up. We want to create invaluable content with eventually the best viewer experience possible
Subscribed!! Not too long ago closed on a BTL but want to try this strategy to build up some more capital for my next one. Not going to lie, nerve racking but going do it 😤. The way you've broken the steps downs proper as well, will help me get started nicely 👌🏾..
Thank you so much im looking to start this business and i definitely feels this was beyond helpful helping me gain knowledge ill be looking forward to watching other videos thank you for sharing this information again !
What a video!!! Such important information all for free. I am addicted to your work and your videos. I am keen to give rent 2rent a shot but also a bit hesitant. Do you have some suggestions for starters?
@@FontaineBrothers Honestly just keep doing what your doing, you could maybe do a video of your daily routine, the sort of books you guys read, how you've obtained such a strong mindset/desire and how you set goals. Also I'm looking to get a rent2rent myself within the next month or so, do you have a script you mind sharing when coldcalling landlords on spareroom?
Hi, I'm interested in how your company grows the portfolio and keep on top of it all. So if you have 10 properties, each with 3 beds, how are you keeping them all occupied without wasting time looking for tenants?
Hi guys, thank you for such an amazing video. My friend and I have been planning to start rent 2 rent , we live in Bournemouth. We currently self employed, Educational travel consultant . We bring a lot of international students to Bournemouth and accommodation has always been an issue. That’s what motivated us going into rent 2 rent. Got some few questions; (1) Do we have to register the business? (2) do we have to pay the landlord the whole 1 year rent or we just pay monthly? (3) is there any solicitor you can refer to us in Bournemouth? Thank you so much.
Big fan of you guys! I was just wondering with regards to your dummy adverts, where would I get the pictures and info to use? can I use a competitors info or is that not allowed?
Alberto Rossi so For example i would put an advert on spareroom.com in the area I’m targeting with pictures from the internet that are very similar to what your rooms will look like. This will give you an idea of whether it is a good area or not depending on how much interest the dummy ad gets. Does that make sense?
Hi guys, I am an older guys be about to be out of work. Can I ask question wanting to go into HMO rent to rent. How do you get around the rising amenity charges, have heard some tenants will just go out and leave the TV on as there just paying the one monthly payment. Think I need to watch all your vids as you speak in propa broke down language..cheers Pat ..
Hi Guys, really great video, you answered all of my questions! I've got a great deal that I'd love an opinion on, its up in the north east and im currently in correspondence to check the landlord is open to a managment contract.
Tsemy Baatuud thank you mate, it should always be there. If not, it may be worth joining some property Facebook groups and make a post in the group asking if anyone has a copy of it for you.
Awesome Video man! Thank you for this, it was very helpful. One question about the HMO List - I found one list for my area but the HMO addresses and the Landlord addresses are all the same. If I was to send letters to all these 'Landlord' addresses, what if they were all addresses of the HMO properties that was being let out? Therefore, the landlords would not receive my letters as they don't live there. Should I still send the letters?
Great video, do you have to be a registered business to start out? How do you start with no initial property portfolio or experience? And what's the best lease period to start, is 1-2 years to start possible?
Yes need a registered business (much simpler than it sounds) video out tonight about that. I’d start by getting right education and connecting with people in the game doing it now. And we always do 5 year term or more but some people do 3 years etc it’s whatever you have negotiated or agreed.
@@loveyourspace2485 thank you and thanks for the comment. I’d say best way to connect with people doing the same thing is to join property Facebook groups etc 😁
I currently own a run down property - it has the potential to convert into 5 flats. I don't have the time and money to do the renovation for it. So I was interested in doing rent to rent. How should I advertise this property as a rent to rent deal? On what websites?
You got a like for making me laugh 😂 smashed the like button Come over from Ke'nan's channel Loads of information in this one video, looking forward to watching the rest
@@FontaineBrothers subscribed straight away 😎 Watched you both on the podcast you were on today Thinking about introducing myself on the group tomorrow, you guys have got me motivated to start a journey
@@FontaineBrothers Could you do a video on how you advertise and market your rooms please? Also, where can I get the Deal analyser and property viewing check sheet from?
Gurjit Natt we recently tenanted 2 hmo properties. We vlogged the whole thing so that will be our next vid. But we could also make a separate video about advertising for sure. Also just message us on any social media with an email and we will get it over to you mate.
Do you by any chance have a letter template that you wouldn't mind sharing with me in order to win over HMO landlords in London? Would be much appreciated, many thanks.
Can you do a rent to rent on a property which isn’t classed as a HMO. I.e rent a 3 bedroom property then rent the rooms out separately? Or will this not be aloud due to legal reasons such as fire exits and room size ?
So we started in around October & currently have 2 HMOs on a rent to rent. We were aiming for 5 before march but we came up with a few challenges on the way plus the C Virus now. Yes we were mentored by Napa Bafikele.
Fontaine Brothers I’m just at the research and preparation stage.... gna start making moves once this pandemic is over, thanks for the response bruv 🙏🏾
Yes, if its a HMO. So if it's let to 5 or more tenants from more than one household, some or all of the tenants share toilet, bathroom or kitchen facilities and at least one tenant pays rent, then your property will be considered as a large HMO and will need a licence. The deals we took on already had a licence as they are in an article 4 area. Hope that answers your question.
@@FontaineBrothers thank you for your answer but i mean if i take on a deal and the property already has a licence. Do i need a licence as a person? A certification? Or can i just take on the property and do it? Do i need to be qualified?
Helena Cesar No you don’t need that. But you need to make sure your company is compliant, you have the correct insurances and you are operating legally.
Hi guys. One question. The D2V letters you send to the addresses from the hmo register. Do you send them to the landlord or to the actual hmo Property ? I’m in Birmingham and I have the hmo register but there is no information about the landlord
I live in London and rent is super high, so I thought of R2R outside of London but your video advised to keep within an hour drive. I want to find property at a good but also one I can profit from. Also, do you guys think it’s advisable to pay rent to the landlord a couple of months in advanced ?
Cherry cheri yea it all depends how you structure the deal but I would prefer to negotiate a rent free period in the beginning so you have more time to dress the property and get tenants in.
Why should I avoid using template contracts? I understand that for each deal you would need a slightly different contract (different names and addresses) but wouldn't most R2R contracts be very similar? Don't get me wrong, I would always get a solicitor to check it over, but do I really need a new contract to be written up for each deal?
Joe Guthrie not really you could use a template if a solicitor checks it definitely. I was more talking about just using a random contract from someone on Facebook or something especially if you don’t fully understand the terms written in the contract.
@@FontaineBrothers Thanks for getting back to me so quickly! And that's great, thanks for clarifying. Thinking of buying the template contacts and the rest of the documents from Napa. Do you have any experience with these?
What do you say to agents to propose that you want to do a R2R ? How do you tell them that they will get their cut without going behind their back and proposing it straight to the landlord
Hi I’d like to view ____ I work for a company called _____ we house professionals in the local area and this property fits our criteria. We are taking care of a few properties in the area so if you have any landlords open to renting to a company that would be great as we’re trying to add to our portfolio. (Just made that up, I say different stuff depending on how the convo is going or depending on who I’m speaking to)
Will Fenwick id say around 3-5k. Also definitely make sure you fully understand the strategy your gonna run with so educate your self as much a possible.
Antonella D'Angelo correct you cannot do it in many areas as most Hmo lists do not show the landlords address. In these cases, you’d have to go to the land registry but that is £3 per address. The example I used (Bournemouth) shows the landlords addresses as well as the HMO addresses
R2R doesn’t work. It’s also not passive income. It’s more of a job with the time and effort involved. The recent crash has thrown most R2R in the bin. It may work but do your research first and be sure u want to get involved in a dodgy strategy
Correct! It is not passive income as stated in this video and many of our other videos. If R2R didn't work the council wouldn't be doing it. Also you are correct in saying that you have to put the work in but can you name one successful person who does no work and receives passive income? It is only seen as a dodgy strategy because it has been over sold by 'property trainers' as a passive income strategy and a one way ticket to financial freedom, without explaining the pitfalls of R2R. As for us, it is working well. If you want to know more about the pitfalls of R2R, check out this video. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-HnCwhljg-iA.html
@@FontaineBrothers I dont believe you took time out of your day to peddle this lowest form of investment it borders and scammy... Get your credit straight Save up some funds (you must make a saving on the barbers fees) And invest properly... R2R, SA, LO all low levels of property Investing I guarantee your still here next year e-begging from real investors.....dont believe the BS these trainers peddle you just have another job with no benefits and working for minimum wage.
