@@FontaineBrothers dont talk shite youve just posted your margins, your making about 50k off it pre deductions and utterly rinsing occupants. You're literally targeting people who cant afford what you can and capitalising on it and the only thing good that can come of it is they stay poor while you get caked. Away and fuck off pal.
Fuck me it's like Victorian times when you had 23 people living in one building sharing same shitter and wash facilities. Thought we were going forward not backwards
I do property photography (approx 5 houses a day) every person I meet now is selling up and leaving the country. No exaggeration about 75% of sellers. (London)
What do you expect, this country doesn't care for its people hence their being replaced and estimated to be a minority by 2050. Just remember to vote Labour or tory so nothing ever changes.
@@FontaineBrothers 650 for one room and you're asking people to explain why you're a leach? All that had to happen is a group of friends renting the house together and you'd be redundant. You're just capitalising on the owners ambivalence, sticking fire safety stickers on the doors and pocketing 14 grand a year from people who can't even afford a studio flat. Fucking depressing business that benefits noone but your back pocket
@@FontaineBrothers You appear to be missing the part of the brain that deals with issues like humanity,empathy, common sense, and have the tory gene big time, so will never understand unti it is too late, then you will be spending the remaining years of your life desperately grief ridden over previous actions.
@@FontaineBrothers this isn’t about living rent free. It’s about charging people a fair price for the shitty accommodation you are providing. I highly doubt that you would want to live in this property for that price if you were in the same circumstance as your tenants
@@lacololololo228 he thinks everyone who disagrees with him is a communist scumbag who wants free living. I guess there's no middle ground for these people. He knows full well that he's screwing people over by depleting housing supply but he loves money too much to care. Note how he never replies to comments like mine only comments that violate his awful haircut
@@FontaineBrothers You are not needed. No one needs you to do this in the first place. Squeezing the supply demand forces the prices up and makes unaffordable for most to ever even consider buying property. You think your a businessman howevwr you are just a leech.
@@FontaineBrothers you and landlords do the equivalent of what ticket scalpers do with tickets - except you do it with homes which people need to survive. In a non capitalist society, nobody would be allowed to accumulate property and profit from it. What you're doing isn't illegal but it should be. Landlords who own multiple propety are the sole reason for the insane cost of housing in this country and many others. They've scooped up the supply, whilst the demand is high. Leeches on society that contribute absoulutely nothing.
If no one could rent rooms they would have to rent studios or one beds. Which means their would be much less property available meaning rents would go up extremely high.
@hollaifyahearme5771 yeah which means your on the dole which means your on between 260-360 a month and you ain't allowed to work meaning your stuck that's before you pay the "service charge" which is usually between 60-120 a month th try living on 140-240 a month.... its criminal and it keeps people poor.
@@FontaineBrothers yes I do, still doesn’t change the fact that landlords are a major addition to the economic problem with the working class people being able to afford homes in the south east of England. Rent should be capped and the amount of property that’s put on air bnb should be capped. Seeing your general type of replies on your comments says to me your a typical young landlord. Probably grew up very privileged and after searching for you online it appears you and your brother are “daddy’s money” entrepreneurs. You can talk waffle online because you’re a faceless investor. If you weren’t so arrogant your comment section would be more positive. So Steven good luck to you hope everything goes well during the market crash coming up 🫡
This is exactly what we don’t need just profiteering from people that can’t afford to pay the ridiculous deposits and mortgage rates, A home is not a luxury it’s a necessity, we need to get back to building council houses not private landlords 🙄
We are doing what letting agents do. Shall we ban them too I guess. And yes businesses make profits, if they didn't no one would have a job and there would be no tax payers and nothing would work so you should congratulate your local businesses and entrepreneurs
@@FontaineBrothers I notice that you mentioned nothing about responsibility for maintaining the property or picking up the phone when the tenants need help. I ask because I believe that’s what letting agents do. Except they don’t offer you a higher rent to pocket the difference for adding no value every month. That said, keep the letting agents for now, but lets ban parasites like you.
I can assure you this has absolutely nothing to do with the housing crisis, in fact without people like this, you’d be living in a mouldy single occupancy dump for a similar amount. You have the policies our government have imposed for their CEO, hedge-fund manager, big pharma, Eton pals to blame for the mess we are in at the moment. At least these guys are working hard and fighting back so that they don’t end up like the rest of you. I’m afraid life is gonna be tough for the next 5 years so don’t expect any more furlough money or hand outs from Bank of Mum and Dad.
@@FontaineBrothers you've inserted yourselves into a market and provide no added value yet seek to scrape off a profit. Some would call it rent seeking, I'd call you a leach. Get a real job and stop exploiting people
@@mannymedia6311 Maybe for student accomodation, where people are looking to make friends, and have lots of social interaction. There I can see the benefit. But when £30billion in housing benefit money gets paid to corporations and people like the OPED, something is seriously wrong. When that money could be used to solve problems, not create further wealth gaps.
@@FontaineBrothers renting to rent, let's not forget the details. Absolutely pointless parasitic middleman occupation that provides value for no-one except yourself
Let's do some maths...7 rooms combined income of £4845 a month or £58,140 a year.. Over 5 years that's £290,700.. You will receive around £70,000 over 5 years which is around £14k a year or around £1166.00 a month.. You also guarantee the landlord the rent.. This would be around £44,000 a year for 5 years or £220,000 over 5 years.. On these figures then you would be paying around £3k a month rent to the landlord.. Obviously these are guestimated figures based on what was claimed in the video.. These numbers soon fall if the property is vacant or has empty rooms..2 double rooms being vacant will lose income of nearly £1300 a month, If it's 3 rooms then you are in the Red.. Margins are tight on this one .Any non payment of rent will add additional costs and less revenue.. £70k over 5 years seems decent but nowhere near the £220,000 the landlord will get without any the worries you will potentially get.. The risk reward ratio on this one are to close for comfort, It could end up being very expensive...
Agreed, you think a HMO landlord who owns a property like that is a fool? He knows the struggles and costs admin of that shit and offloaded most of the risk to these younger less experienced guys. Fair play for having a shot at it but this is not the home run it appears to be. I wonder what the contract states happens when they can’t cover the rent. I bet the terms are brutal.
Could he be doing this under a limited company? So if the deal goes bad he could just close the limited company down and walk away so he cant be liable by the llandlord?
@@FontaineBrotherswhy don't you come up with a better argument instead of accusing people of wanting free living? Where did it say in his comment that housing should be free? Most tenants actually want to buy their own homes.
This should be illegal. The love of money is the root of all evil. People don't give a shit how other people live as long as they're getting paid. Just because you can does not mean you should! No morals, no love, no shits given. Welcome to the future.
@@airportdocumentaries at least turn it into some flats or something. Getting people who are desperate for somewhere to live and giving them a single room (which is by the way tiny) is a disgrace and evil. The 'couple' rooms are probably the only rooms big enough to actually live in. It's scumbag behaviour. This rental generates over £4k+ per month (£50k per annum). £250k over the 5 year period he spoke of in the video. Literally greed, selling that property would easily make you a rich man, however that isn't enough for Mr. Landlord who just sees it as an 'investment' not accommodation. Lastly, I can guarantee the landlord who owns this property didn't make this a single room rent because he had no other use of it. He done it for a long term investment. If you don't have a use for it, sell it.
@@FontaineBrothers ‘the going rate’ is the problem - who dictates the ‘going rate’ £675 a month for a shared accommodation with up to 10 people is madness. Mortgage repayments are probably £1200 a month at most, it’s just complete and utter exploitation of the working class.
Anyone who knows property law knows this is illegal subletting, why wouldn’t the landlord rent the rooms out himself if it’s more lucrative than renting out the whole building ? This stinks
We use a legally binding contract such as a commercial lease or management agreement through our property management company. They make more money with us than letting agents so why not. And you stink
@@FontaineBrothers you must get off on screwing people over. That's the only way you'd be able to sleep at night. You seriously need your head checked lad proper sociopath vibes no empathy whatsoever behind those eyes
People like you give us actual landlords who care about tenants over profit .. couples and singles mixed shared bathrooms and dining rooms I’ve got. 5 bed hmo .. and everyone had own bathrooms and kitchens would never mix couples and singles together plus what you charge for a couple to stay I charge for a family home
Can’t believe you’re a landlord that doesn’t know prices vary in different areas. There is a huge demand for couple rooms, the council wouldn’t have allowed 10 occupants on the license if the property wasn’t suitable for it
@@FontaineBrothers I’m not saying prices vary from area to area … but to say your charging that amount in the current economy we are in … I’ve got tenants who don’t know where there next meal is coming from .. let alone a exburant amount you charge your tenants and I’ve never heard of a landlord sub letting before maybe your council isn’t as shall I say diligence as mine … I have built a reputation for been a fair and outstanding landlord …. I watch couple of you videos you quick to flex how much you make but never what you do to help the people that need it most
@@jonsmith1162 there's a difference between providing homes and ripping off skint folk. @FontaineBrothers sorry you're trying to recoup your roi too fast and getting called out for it
@@FontaineBrothers you're not smart by coming out with that one. You know he doesn't mean that. You obviously understand that students don't get forced to live in these rentals by having a gun pointed to their head, but rather a diminishing supply of properties caused by people like you. I bet you wouldn't put your child or relative in a single room rental.
lived in a house share before, with 6 people in total was an absolute nightmare to get into the kitchen or bathroom at peak times good luck to these people
@@FontaineBrothers never said their wasn't did I. Word of advice trying to argue with people in the comment section is not going to help your channel one bit.
Have to say I agree with most of the comments here, nice property, but there needs to be a cap on rent as £550 is extortion for a single room, regardless of area
This is a factor, in why the country is fucked. Government needs to compulsory purchase these type of buildings, and get families back in affordable houses. A reasonable sized home, isn’t a fkin luxury, its a necessity.
@@danked6731 Probably jelous because you ain't got the balls or knowledge to do this stuff to earn money. Instead you want to be working 9-5 for a shit wage whilst making a man rich whilst your stuck fighting the same old struggle for the rest of your life. Or lease a property, rent it out at competitive prices in the local area and laugh in profit in the face of people like you. It's like saying "Don't bother doing the lottery, you won't win" Better not be late for work on Monday, boy, or your BOSS will begin looking to replace your arse
Hit the nail on the head mate. It's absolutely cringey that they are actually boasting about it on youtube. Just goes to show what little intelligence they have.
@@FontaineBrothers better to be no 1 in a shitty village in gaul than no 2 in Rome. That place is a shit show mate. I keep animals in better conditions.
@@xOsKaHH yeah next people will be trying to profit selling neighbours their WiFi codes and selling parking spaces for a few extra £££. Worlds gone to shit.
@@padraig9445 yeah. I get that the entrepreneur mentality is big right now and fair play but stuff like this is just bottom of the barrel. You're not a net positive to the community, it's not hard at all to make money off of the absolute necessity of someone needing a roof over there head. you're just using people who can't even afford a studio flat and lining your pockets. I'd feel like fucking scrounge, I couldn't do it personally.
The British rental service is so problematic. I mean, poor people in my country can have a HOUSE to live, regarding here a room is treated as luxury. British system needs to be changed for yesterday, as we say in Brazil.
@@FontaineBrothers it’s like playing into the hands of the elites. Small cell rented accommodation. You’ll own nothing and be happy. 15 minute city’s! Imagine trying to live there when the climate lock downs start. Never mind the next pandemic. Shared kitchen shared bathroom No thank you.
@@FontaineBrothers you seem like a genuinely good lad I wish all young men had the determination you have keep going don’t let anyone tell you different ❤
At the start i thought this was a great investment, but after doing numbers its actually a bad risky deal, if you have to cover electric, gas, wifi and any other costs i dont see how your making any money? The only winner in this deal is the landlord
The landlord who owns the flat above me. Did this and made life hell for the other residents. Blame your council. They issue the licence without inspection or considering the other residents. It's also creating a housing issue, those with lower incomes are being exploited or like here it's full of people that have just come to the uk. We are most definitely fucked.
This looks so fucking depressing lol. Paying that much to worry about wether you can eat and shit. The fire doors and safety signs everywhere make it look like a fucking crack den
@@FontaineBrothers aye I know mate, still makes it feel depressing. When I was renting we'd all just get together and rent one out like this, it's a shame middle men have come in to make it even more impossible not to get fucked up the arse regardless
My half of the mortgage is £500 for a 3 bed house just outside London. How a room with communal space can be £675 is just extortion. Just shows how greedy landlords are!
I am paying £360 a month mortgage on a 2 bed house. Previously I was paying £600 a month to rent a double room in a house share. The difference between renting and buying is ridiculous.
On Serious Note it's exactly like a Residential Property by the Council and for people with mental Health and disabilities for people that are independent to live their own lives and come and go like anyone who has their own house, but there's staff there for any concerns and problems they may have and to look out for them.
Daylight robbery, problem with this country all these con people have jumped onto hmo charging people ludicrous prices for a room to rent. Best thing to do if someone can, save up a deposit and take a mortgage on a house, this would be cheaper per month than renting plus your actually having something that’s yours at the end. As renting is dead money.
LMAO I love these soppy ass comments "cashing in on peoples' misery" - kinda like Apple and Samsung releasing a new phone every year charging thousands
Honestly this is just embarrassing. TikTokers that think they have mad business skills because they can sub-let a room at ridiculous rates in an inflated rental market. The only one laughing here is the landlord with the guaranteed rental yield. If only £1700 was put into it, then the question begs why they didn’t just let it out themselves if so much easy money could be made - then again, maybe that’s why they own these types of assets whilst lads like this live fast and inevitably go bust at the end of the cycle.
Lol 😂 If we charged inflated rental prices no one would move in they would move somewhere else lol we charge what people will pay 🤦🏻♂️ The landlord had it with an agent before…agents charge a lot of fees… Anyway you know all this because your a random online expert with no name or profile pic
@@FontaineBrothers You post online, you open yourselves up for questions. It’s ultimately what you want - social engagement. If I told you what I did, you wouldn’t believe me. So I’ll happily remain just a random online expert.
I doubt each room will be full the entire time though? My worry doing this would be, u agreed to rent off a landlord for say example 1500 on a month for a 5 bed, then you have 60% occupancy rate then make a loss after u pay bills out!
MORTGAGE..paying a mortgage PM generally is cheaper than RENTING believe it or not and some people have no choice but to live in an HMO until they can afford a mortgage
My parent is an immigrant and she is proud. Your country has been invaded by us Gavin and we are taking over your country and raping its resources it’s been my mums evil plan from the start 👹 lol
Lived in London in the 1980s. This is the way it was then and is now. Outrageous rents for rooms in shared houses. And the quality was much much worse than that. He will need cleaners for the communal areas, I’d like to see how that and maintenance are factored in to give him his imagined profit.
There's no mention that the landlord agrees to the purpose of subletting (was not specifically stated), other than you guarantee the base rent. If a landlord does not agree via contract then this practice is illegal and breach of the tenancy agreement in the UK - also to sublet a property to multiple people in the UK the property has to registered as a HMO, again no mention of such a thing. Just watching the vid shows evidence that it's up to reg standards for a HMO - However, certain viewers might not be aware of this, a quick explanation would avoid negative responses in the comments section.
I said we lease the property off the landlord. It’s a short video and we go into much detail in our long format videos on RU-vid. The goal was to get many comments on this video as it blows up the channel and pushes people who are interested to our longer RU-vid videos. I do completely see what you are saying but we knew this before posting. I appreciate your comment👊
Criminal how high prices are for crap accommodation now in my opinion. Worse is the fact someone is PROUD to show off how they rip people off, again IMO. I would not dare, its just rip off Britain.... It might be "normal" in some area's but there is no need for it, pure greed.
It’s the going rate in that area, that’s not in my opinion, that is FACT. There’s nothing greedy about charging a tenant the going rate and providing an excellent service for the landlord and inspiring people to do the same.
@@FontaineBrothers That is where we differ in opinion. Its a downward spiral that benefits no one other than the rich and you are part of that, nothing at all to be proud of in my opinion. Keep on making life hard for people, karma will work its magic on you in time,it always does.
@@kensukadventures628 you’re mindset is completely wrong and your angry at the wrong people. I hope you’re outlook changes and you can start living a happier life👊
The you have bills and council tax on top. By the way you can get a 2 bed flat with swimming pool and sea view for £60 per month in Thailand, so what’s your point?
One stove to cook on for ten separate menus. This doesn't pencil out. Door dash will be busy. How will the cooking schedule work?. Chamber pot under the bed.?.
