Browse All Tribes or choose a Tribe below:
By signing up I agree to Property Tribes Terms and Conditions
Already a PT member? Log In
Sign Up With Facebook, Twitter, or Google
By signing up, I agree to Property Tribes Terms and Conditions
Already a PT member? Log In
Don't have an account? Sign Up
To reset your password just enter the email address you registered with and we'll send you a link to access a new password.
I am a landlord for some 10+ years, I have a mid size portfolio, it supports me well, but I would like to expand to one or more directions.
I started asking about Rent to Rent in an other thread, but seems that was not favored much. I value your opinion, to be honest I ask it here, as the answers are not sugar coated! better to not start something, then waste money on dead deals/ideas.
So, looking forward to 2019, what sort of property related business you would start? where do you see profit can be made?
I am in SW London/Surrey border, bit far from the central or coast, so airBnB style holiday letting would not work. I have about £200k funds, what is not enough to do any renovation deal, or buy a house around here.
I was thinking about the followings so far:
1, below market value property sourcing
2, Letting agency as Vanessa suggested
3, HMO conversion / R2R, not much profit margin.
Any other ideas worth considering in 2019? Would love to hear your opinion.
Hi Pete,See these threads:Quick and easy ways to make money in property 25 ways to make money from property without owning it! Have you considered holiday lets? See - Holiday let - every portfolio should have one
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
Thanks Vanessa, plenty to read!
Thanks for the links.
You don’t have to be located by the coast or in London to do AirBnB. Have a look to see if there are not any properties on AirBnB in your area?
i would like to do this kind, but u know it is more demanding than vanilla BTL.
I did airBnB in an overseas country, it was great, I would love to do it here if we were living by the coast, but its not the case sadly. Also, it was in a large house with 2 small flats in it, so was quite straightforward thing to do.
I looked up, there are a few airBnBs around here, but the money they charge per night is very low, £30-£40, for that money I surely would not touch airBnBs. Also, I can not buy outright so its a specialized R2R strategy at the end with a few minefields.
I asked a similar question a while ago. It had some interesting comments.
My greatest challenge hasn't been what to buy, but how to buy, which provides even more options.
A good teacher must know the rules; a good pupil, the exceptions.
Martin H. Fischer
As I mentioned to Pete on another thread ...How about starting a lettings agency to manage your own properties, as well as other landlords'?Have a look at the Keller Williams proposition. You can join under their umbrella - receiving training, compliance, access to advertise on the portals etc - for £200.00 per month. You can run this as a part time business alongside your own portfolio, managing your own properties, and building another property-related income generating business.
Has anyone on here started running a KW agency?
My friend who's in the biz said it looked very American which he didn't think would go down too well over here? Who's to say if he's right/wrong but it would be good to hear from someone who's taken the challenge.
I met with KW to discuss the opportunity, still might take it further next year, but busy with other projects right now.
They seemed a good opportunity.
I think whether it would work or not will depend on how good their training is on "Prospecting" I.e. finding clients with properties to list.
I liked the fact they have no heavy up front fees and allegedly you can leave at any time.
What I would probably do is join as it's only a couple of hundred pounds per month, if the prospecting training is good, I'd make money so would stay with them, if the training wasn't good, I wouldn't stay with them.
So if you can afford to risk a few hundred plus some of your time, I think KW is worth a shot.