Do rent to rent HMO contracts have to be 5 years?

152 – Understanding your contracts is an extremely important part of the rent to rent process and a question I get asked a lot about is the minimum length of a contract.I think this question stems from fear that things won't work out and you will be tied into a long contract.When we take on a R2R property, we prefer to make our contracts 5 years. But why do we prefer contracts for a longer period?This is because onboarding and tenanting a property requires an investment of our team’s time. And if we’re paying for a refurb, it’s an investment of our money too. Therefore, we prefer contracts for a longer period.But what would work best for you?Click here to watch and listen to the episode✅ https://rent2rentsuccess.com/152 ✅You can find out more about the ethical way to make money from properties you don’t own with our FREE Rent to Rent Masterclass and Guide.✅ Free Rent 2 Rent Success Guide & Masterclass✅You can have you question answered at✅ https://rent2rentsuccess.com/ask ✅You can now also follow us on TikTok @rent2rentsuccess Support the show