Rent to Rent Success: Making £140,000 Profit from 14 Properties

Liam is here to discuss the journey of Ola, a graduate who has successfully built a portfolio of 14 high cash flowing properties, making a profit of £140,000 per year. They emphasise the importance of proper training and support in business, as well as building relationships with agents and landlords. They also discuss the concept of staging a property to attract the best bookings and prices.  KEY TAKEAWAYS Rent to rent is a property strategy where you rent a property from a landlord and then re-rent it out on a night by night basis. Staging a property is important to attract the best bookings and get the best price. Basic amenities such as furniture, appliances, and a comfortable living space are essential. Building relationships with agents and landlords is crucial in securing deals. By maintaining good relationships, you can continue to receive more opportunities. Training and mentorship are key to success in the rent to rent business. Learning from experienced individuals and continuously seeking guidance can help avoid costly mistakes. Service accommodation can be a profitable business, with the potential to generate significant income. By scaling the business and systemizing operations, it is possible to achieve a high level of profitability while working fewer hours. BEST MOMENTS "So how do you go from zero to 14 high cash flowing properties making 140,000 pounds a year profit?"  "Rent to rent is simply taking on a property via an agent, landlord or developer, renting it from them and then re-renting it legally on a night by night basis."  "Training is important. That's number one. And then just listen to those that have been in the industry for this long." "You've got to make sure it's in the right location, you're renting it at the right price."  "There is not another property strategy out there where you can get results as quickly with the least amount of money, and for me, scale extremely quickly as well." VALUABLE RESOURCES The Dealmaker Podcast - https://omny.fm/shows/the-deal-maker-by-liam-ryan Assets For Life - https://assetsforlife.co.uk    Instagram - https://www.instagram.com/liamjryanwealth/ Facebook Page - https://www.facebook.com/LiamJRyan.AFL Facebook Personal - https://www.facebook.com/profile.php?id=100010124928017 HOST BIO You're listening to The Deal Maker podcast with Property Expert, Property Multi Millionaire and Joint World Record Holder Liam J. Ryan. If you want to become a master negotiator, close more property deals, become a great salesperson and live a better life then The Deal Maker podcast is for you. Liam is a property investor, business owner and Entrepreneur helping people make more money and live a happier life Hosted on Acast. See acast.com/privacy for more information.