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From Skepticism to Agreement: Convincing a Landlord to Rent Out their Property
In this episode, Laurence shares several phone calls he has made to potential property owners when negotiating deals on behalf of his clients. In the first call, Laurence discusses the possibility of renting a property for many years with the intention to buy it in the future. The second call involves a conversation with a landlord who is hesitant to rent out his property due to past negative experiences with tenants. Laurence assures him of a secure and profitable arrangement. Through these calls, Lawrence demonstrates his approach to rent-to-buy and rent-to-rent strategies, offering solutions to property owners facing challenges in the real estate market.
KEY TAKEAWAYS
-
The potential of buying a property with a no-money-down deal was highlighted, offering a unique opportunity for both the landlord and the tenant.
-
Building rapport and trust with the landlord is crucial in convincing them to consider alternative rental options, such as rent-to-buy agreements.
-
Understanding the concerns and past experiences of the landlord, such as property damage by previous tenants, can help tailor the proposal to address their specific needs and fears.
-
Keeping communication open and transparent, including involving legal representation, can provide reassurance to the landlord about the terms and conditions of the agreement.
-
Demonstrating the potential value-add to the property, such as renovations and maintenance, can further persuade the landlord to consider the rent-to-buy option as a beneficial arrangement.
BEST MOMENTS
"I proposed to him that I know that you want to charge £3,000, I'm happy to pay your fee, but would it be possible if I could pay your fee over 12 months? So in effect, I could kind of pay your fee from the profits that I earn from the property, so £250 a month."
"I prefer residential properties, flats, apartments, because especially in London, they will go up a lot more in value than like a mobile home, a caravan in a park. They [mobile homes] tend to be kind of relatively cheap, so £50,000 up to £100,000, and they don't seem to increase an awful lot kind of in value. It's just like buying a boat."
"We chatted about the celebrities in one of the nicest parts of London so, you know, hopefully he kind of realizes that, yeah, I know a little bit about the area, it's a fantastic area, very expensive area and it will make an amazing holiday apartment."
ABOUT THE HOST
Laurence Lameche is an Amazon No.1 Best Selling Author of a property book called "How I Bought 3 London Properties For A Football Ticket"
He is a property mentor who specialises in helping people get on the property ladder without needing a mortgage or a deposit, you can have bad credit, no experience, no job and still succeed with his simple, proven step by step process that works every time for everyone.
CONTACT METHOD
Contact and follow Laurence here:
LindkedIn: https://www.linkedin.com/in/laurencelameche/
Facebook: https://www.facebook.com/LaurenceLameche/
YouTube: https://www.youtube.com/@laurencelameche
Twitter: https://twitter.com/LaurenceLameche
Instagram: https://www.instagram.com/laurencelameche
View all episodes
By Laurence LamecheIn this episode, Laurence shares several phone calls he has made to potential property owners when negotiating deals on behalf of his clients. In the first call, Laurence discusses the possibility of renting a property for many years with the intention to buy it in the future. The second call involves a conversation with a landlord who is hesitant to rent out his property due to past negative experiences with tenants. Laurence assures him of a secure and profitable arrangement. Through these calls, Lawrence demonstrates his approach to rent-to-buy and rent-to-rent strategies, offering solutions to property owners facing challenges in the real estate market.
KEY TAKEAWAYS
-
The potential of buying a property with a no-money-down deal was highlighted, offering a unique opportunity for both the landlord and the tenant.
-
Building rapport and trust with the landlord is crucial in convincing them to consider alternative rental options, such as rent-to-buy agreements.
-
Understanding the concerns and past experiences of the landlord, such as property damage by previous tenants, can help tailor the proposal to address their specific needs and fears.
-
Keeping communication open and transparent, including involving legal representation, can provide reassurance to the landlord about the terms and conditions of the agreement.
-
Demonstrating the potential value-add to the property, such as renovations and maintenance, can further persuade the landlord to consider the rent-to-buy option as a beneficial arrangement.
BEST MOMENTS
"I proposed to him that I know that you want to charge £3,000, I'm happy to pay your fee, but would it be possible if I could pay your fee over 12 months? So in effect, I could kind of pay your fee from the profits that I earn from the property, so £250 a month."
"I prefer residential properties, flats, apartments, because especially in London, they will go up a lot more in value than like a mobile home, a caravan in a park. They [mobile homes] tend to be kind of relatively cheap, so £50,000 up to £100,000, and they don't seem to increase an awful lot kind of in value. It's just like buying a boat."
"We chatted about the celebrities in one of the nicest parts of London so, you know, hopefully he kind of realizes that, yeah, I know a little bit about the area, it's a fantastic area, very expensive area and it will make an amazing holiday apartment."
ABOUT THE HOST
Laurence Lameche is an Amazon No.1 Best Selling Author of a property book called "How I Bought 3 London Properties For A Football Ticket"
He is a property mentor who specialises in helping people get on the property ladder without needing a mortgage or a deposit, you can have bad credit, no experience, no job and still succeed with his simple, proven step by step process that works every time for everyone.
CONTACT METHOD
Contact and follow Laurence here:
LindkedIn: https://www.linkedin.com/in/laurencelameche/
Facebook: https://www.facebook.com/LaurenceLameche/
YouTube: https://www.youtube.com/@laurencelameche
Twitter: https://twitter.com/LaurenceLameche
Instagram: https://www.instagram.com/laurencelameche