Rent To Rent Hotel: In a recent video, I go undercover in one of my student's impressive serviced accommodation hotels! Located in a Grade II listed building, this unique property combines modern convenience with historic charm. From exploring luxurious apartments to uncovering the numbers behind the business, I reveal how this rent-to-rent strategy generates up to £15,000 monthly profit!
If you want to see exactly how it is done, please watch the full video until the end. You can find the video at the top of this page or on YouTube.
Rent to rent, and other creative property strategies, are on the rise. A lot of people are starting to think about opening their own rent to rent hotel, but are unsure where to start. In this article, I will give you a 3-step guide to starting your own rent to rent hotel.
I want to get property education to everyone, but I need your help to do it. Please consider sharing this article on social media. The more ordinary people that understand property, the better!
1. Rent To Rent Hotel: Understanding What A Rent2Rent Hotel Actually Is
The first thing is to understand what a rent to rent hotel actually is. In simple terms, it is when you rent a building from a landlord and then rent out rooms or units for short stay lets. This is the same as a regular rent to serviced accommodation arrangement, except with a rent to rent hotel, you are dividing the property into different units.
Much like a traditional rent to serviced accommodation property, you will not need any on-site staff. You can have guests self-check in, and have cleaners come in at the end of the guests’ stay. This keeps costs down, while ensuring a seamless consumer experience.
2. Rent To Rent Hotel: Finding A Location For Your Rent-to-Rent Hotel
Next you need to find a location. Pick somewhere that already has a number of chain hotels. This doesn’t have to be a holiday location, it could be an area with a lot of contractors or business trips. Understand the needs in the area and find where there is a gap in the market.
You can check demand in the area by speaking to local hotels and finding out their occupancy rates. Ask them if they have any availability for the coming days and weeks. Assess how easily they can accommodate bookings. The more booked up they are, the better!
3. Rent To Rent Hotel: Talking To Landlords And Legal Agreements
Once you have a rough idea of the area you will be looking in, it is time to find suitable properties and speak to landlords. Remember, you have an opportunity that many landlords will be open to. You are willing to rent their whole building from them, take care of maintenance, and ensure they don’t have any void periods – it is a great deal for landlords! That said, landlords are often unfamiliar with rent to rent hotel arrangements, so having the right sales script is key.
Alongside the right scripts, you will need the correct legal agreements. Subletting using a normal AST agreement is illegal, so you will need the right paperwork. The best way to get all this is to attend a rent to rent training course, either with us or another reputable provider.
Learn How To Start Your Own Rent To Rent Hotel And Other Property Strategies
If you want to learn how to start your own rent to rent hotel and other property strategies, why not learn from the best? Join me at my next £1 training event!
On the course, you will learn how to:
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Become a property investor using other people’s money so that you can get started straight away
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Utilise the 5 different types of raised finance so that you know exactly what to offer and when
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Find the perfect properties for the BRRR strategy
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Recycle your money so that you can ‘rinse and repeat’
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Build a power team you can trust, so that you can save time and money
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And much more!
Tickets are only £1, and you can get yours here. If you are ready to take action, I hope to see you very soon!
