Only a few years ago I started my property journey from zero. Want to know the formula I used to create a 7-figure Rent-to-Rent business in just 3 years?! Here’s the exact formula I used to transform my life using rent to Rent-to-Rent 2.0: th-cam.com/video/ed8axh46nO4/w-d-xo.html
Having a nightmare with Agents saying landlords wont be interested, our company isn't a start up either we have some under our belt already. Market is crazy at the moment also, nothing seems to be working! This video is great and very informative.
@@SimonSmithOnline I think I could and should be doing better. I know most of the things you said in here and other videos but you have laid it out super smooth and transparent.
Hi Simon, in most cases ,the agents manage the property so they shut me down straight away when they realise that they will be losing out on that monthly management fee
Hi Simon. How does R2SA look in Scotland when you have LTD company or if you want to do it in own name? Any tips or lnowledge on that? Love all your contents!!! Take care,xx
Great video - Just subscribed and will follow. I'm very interested in R2R with HMOs and did it already here in Berlin Germany with a huge 5 room Appartement, where I could see it can actually work and I did like 800+ monthly. Now I'm open to consider doing it in London. My question: 1. For the model to work it's absolutely essential that rent continuously comes in. How is one finding appropriate tenants (especially considering the low prices of rooms and the kind of people this CAN attract) and is it easy to get someone out of the room if they don't pay rent for several months? In Germany, if this case happens, it's a literal nightmare for the landlord as the 'safety' of the tenant is out so high and the interests of the landlord so low in front of the law, that tenants could potentially stay one to multiple years in an Appartment/house until legally forced to move out. Sure, they will 'have to pay' the rent afterwards but they are broke anyways so it doesn't even matter. 2. I here a lot of people speak about R2R income in terms of the money that comes in as "profit" and consider for example 3000 pound monthly financial freedom. They don't talk about the taxes though. How much would taxes be for a Standart person let's say 30 years, single, only doing R2R - Like 35%? Thanks in advance!
1. In the uk, short let tenants don’t have as much legal right as long term let, but be aware there are 90 days rules for Airbnb in London, unless it’s licensed. Such licensed properties are good mines. 2. 30% as a ballpark figure is ok, but you will be at higher rates if your profit increases.
Hi Simon what if you find a property the agent/landlord agrees to let you take the property on a R2R but there is know HMO license in place do you still take the property or walk away. Thanks
the bit about paying the holding rent and only then to negotiate your agreement terms does not make sense... you know how much money you can lose on these holding fees only then to find out that the landlord is NOT flexible and not willing to negotiate, and you might not want that property after all.. If the property does not need much doing or you are okay with paying for everything from your own pocket, then yes, that statement would make sense... and even he mentions checking for HMO license after you got the keys. Again, how this does make sense? If you got the keys (which means you have signed all the agreements) and the property has no HMO license is it not too late...? Just makes you wonder, if Simon really knows his stuff.... or just trying to wing it...
Firstly thanks for watching and thanks for your comment… Wing it? 🤔 Feel free to come visit my portfolio anytime and I’ll show you what I do. I shot this over a year ago so thought I’d rewatch today with your comments in mind to access my views and I can honestly say… The value in this video is STILL bang on. Paying the holding rent gets you in the game. It shows the agent you are serious and more importantly allows them to take the property off the market and stop other viewings. Furthermore, it gives you skin in the game and gets the agent invested in making the deal work so they get their let bonus over the line. Sure, there’s a chance you could lose it, BUT in most cases if the deal doesn’t go through due to circumstances outside of our hands then money will be refunded and nothing is lost. The hmo license and suggestion to make sure all docs are in place is priceless value. This video is not a timeline per sae and presumably you will watch the entirety before you act on it so of course MAKE SURE YOU GET WLL CERTS BEFORE SIGNING CONTRACT. Pretty self explanatory. Hope this clarifies things. All the best
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Only a few years ago I started my property journey from zero. Want to know the formula I used to create a 7-figure Rent-to-Rent business in just 3 years?!
Here’s the exact formula I used to transform my life using rent to Rent-to-Rent 2.0: th-cam.com/video/ed8axh46nO4/w-d-xo.html
Simon i love your videos and i have recently started my journey towards my first property.
Thanks hows it going!?
Thank you again Simon....my setting up is moving along so I will be launching soon...and come visit you.!
Can't wait!
Wow... this is super advice !..mind-blowing
Having a nightmare with Agents saying landlords wont be interested, our company isn't a start up either we have some under our belt already. Market is crazy at the moment also, nothing seems to be working! This video is great and very informative.
Thank you for the video, I turn 18 this september and I can't wait to execute the information kindly given by you in the real world :)
Always on-point Simon! Delivery was spot on 👌
My man. Thank you
Thank you so much!
Very nice bro. Perfect and clear info 💪
Thanks how you doing?
@@SimonSmithOnline I think I could and should be doing better. I know most of the things you said in here and other videos but you have laid it out super smooth and transparent.
Hey everyone! Sign up for exclusive R2SA masterclass here: simonsmithonline.com/sa-masterclass-signup
Hi. It's asking me for a password.
Hi Simon, in most cases ,the agents manage the property so they shut me down straight away when they realise that they will be losing out on that monthly management fee
Hi Simon. How does R2SA look in Scotland when you have LTD company or if you want to do it in own name? Any tips or lnowledge on that? Love all your contents!!! Take care,xx
I walk to into estate agents dressed up in a three piece suit all swagging 😃
Hahaha
This is golden. Please keep sharing info !!
Thank you for this video. Very insightfiland informative
Great video Simon! Really useful.. would you please be able to share the link for the ‘Set Up’ list?
Thanks, Natasha
Thanks Simon! Much appreciated:-) I have subscribed & will continue to watch your videos.
On tip 2 - would you briefly mention that you'll be using it as a corporate let on the phone and then go into more detail if you get the viewing?
Great video - Just subscribed and will follow. I'm very interested in R2R with HMOs and did it already here in Berlin Germany with a huge 5 room Appartement, where I could see it can actually work and I did like 800+ monthly. Now I'm open to consider doing it in London.
My question: 1. For the model to work it's absolutely essential that rent continuously comes in. How is one finding appropriate tenants (especially considering the low prices of rooms and the kind of people this CAN attract) and is it easy to get someone out of the room if they don't pay rent for several months? In Germany, if this case happens, it's a literal nightmare for the landlord as the 'safety' of the tenant is out so high and the interests of the landlord so low in front of the law, that tenants could potentially stay one to multiple years in an Appartment/house until legally forced to move out. Sure, they will 'have to pay' the rent afterwards but they are broke anyways so it doesn't even matter.
2. I here a lot of people speak about R2R income in terms of the money that comes in as "profit" and consider for example 3000 pound monthly financial freedom. They don't talk about the taxes though. How much would taxes be for a Standart person let's say 30 years, single, only doing R2R - Like 35%?
Thanks in advance!
1. In the uk, short let tenants don’t have as much legal right as long term let, but be aware there are 90 days rules for Airbnb in London, unless it’s licensed. Such licensed properties are good mines.
2. 30% as a ballpark figure is ok, but you will be at higher rates if your profit increases.
Great information as always
Thanks
Yep yep
Hi Simon what if you find a property the agent/landlord agrees to let you take the property on a R2R but there is know HMO license in place do you still take the property or walk away. Thanks
@@SimonSmithOnline SA as in shared accomodation?
Setup lists please
Set up lists
Do you lie yourself to the viewing? Or be honest and get rejected
Always be honest. Just don't overshare too soon.
I did this and they still refused 😢
@@noamikhan7771 tell me more about
the bit about paying the holding rent and only then to negotiate your agreement terms does not make sense... you know how much money you can lose on these holding fees only then to find out that the landlord is NOT flexible and not willing to negotiate, and you might not want that property after all.. If the property does not need much doing or you are okay with paying for everything from your own pocket, then yes, that statement would make sense... and even he mentions checking for HMO license after you got the keys. Again, how this does make sense? If you got the keys (which means you have signed all the agreements) and the property has no HMO license is it not too late...? Just makes you wonder, if Simon really knows his stuff.... or just trying to wing it...
Firstly thanks for watching and thanks for your comment…
Wing it? 🤔 Feel free to come visit my portfolio anytime and I’ll show you what I do.
I shot this over a year ago so thought I’d rewatch today with your comments in mind to access my views and I can honestly say…
The value in this video is STILL bang on.
Paying the holding rent gets you in the game. It shows the agent you are serious and more importantly allows them to take the property off the market and stop other viewings. Furthermore, it gives you skin in the game and gets the agent invested in making the deal work so they get their let bonus over the line. Sure, there’s a chance you could lose it, BUT in most cases if the deal doesn’t go through due to circumstances outside of our hands then money will be refunded and nothing is lost.
The hmo license and suggestion to make sure all docs are in place is priceless value.
This video is not a timeline per sae and presumably you will watch the entirety before you act on it so of course MAKE SURE YOU GET WLL CERTS BEFORE SIGNING CONTRACT. Pretty self explanatory.
Hope this clarifies things.
All the best