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The Art of Subletting: Maximizing Rental Income in Prime London Locations
In this episode, Lawrence shares invaluable insights into negotiating property deals without needing a mortgage, deposit, or job. Lawrence demonstrates live phone calls with landlords and agents, showcasing strategies for securing rent-to-rent, rent-to-service accommodation, and purchase lease option deals. Lawrence emphasizes the importance of gathering detailed information about properties before making calls and discusses the potential for long-term rental agreements that can lead to future purchases. Throughout the episode, he highlights the benefits of corporate lets and the profitability of subletting while addressing common challenges in the current property market, with practical tips and real-life examples.
KEY TAKEAWAYS
Negotiation Strategies: When contacting landlords or agents, it's crucial to gather specific details about the property, such as the address, rental price, and any unique features.
Understanding Lease Options: A purchase lease option allows a potential buyer to agree on a sale price today while renting the property for a set period.
Corporate Lets and Profit Potential: Renting properties as corporate lets can significantly increase rental income. For example, a property that rents for £2,500 per month to a private tenant could command £3,000 or more from corporate clients, allowing for substantial profit margins.
Importance of Location: Central London properties, particularly in zones one and two, tend to yield higher rental income and occupancy rates. Conducting thorough research on local market conditions and occupancy rates is essential for maximizing profitability.
Building Relationships with Agents: Establishing a good rapport with agents and landlords can lead to more opportunities. If a deal is successful, it can result in referrals and future business, making it beneficial to maintain positive relationships in the property market.
BEST MOMENTS
"I'm looking to rent somewhere long-term, maybe for two or three years. It could be longer. Would that be possible?"
"I can ask that. So, let me just write a few things about you."
"I have a lot of interest in this already and I'm doing views tomorrow."
"The reason I'm looking for that is would you happen to know whether the landlord would be interested in maybe selling their property to me in the future?"
"I mean, I've got properties that have potentially come up for sale. I'm looking at selling some properties anyway."
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 specializes 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, Lawrence shares invaluable insights into negotiating property deals without needing a mortgage, deposit, or job. Lawrence demonstrates live phone calls with landlords and agents, showcasing strategies for securing rent-to-rent, rent-to-service accommodation, and purchase lease option deals. Lawrence emphasizes the importance of gathering detailed information about properties before making calls and discusses the potential for long-term rental agreements that can lead to future purchases. Throughout the episode, he highlights the benefits of corporate lets and the profitability of subletting while addressing common challenges in the current property market, with practical tips and real-life examples.
KEY TAKEAWAYS
Negotiation Strategies: When contacting landlords or agents, it's crucial to gather specific details about the property, such as the address, rental price, and any unique features.
Understanding Lease Options: A purchase lease option allows a potential buyer to agree on a sale price today while renting the property for a set period.
Corporate Lets and Profit Potential: Renting properties as corporate lets can significantly increase rental income. For example, a property that rents for £2,500 per month to a private tenant could command £3,000 or more from corporate clients, allowing for substantial profit margins.
Importance of Location: Central London properties, particularly in zones one and two, tend to yield higher rental income and occupancy rates. Conducting thorough research on local market conditions and occupancy rates is essential for maximizing profitability.
Building Relationships with Agents: Establishing a good rapport with agents and landlords can lead to more opportunities. If a deal is successful, it can result in referrals and future business, making it beneficial to maintain positive relationships in the property market.
BEST MOMENTS
"I'm looking to rent somewhere long-term, maybe for two or three years. It could be longer. Would that be possible?"
"I can ask that. So, let me just write a few things about you."
"I have a lot of interest in this already and I'm doing views tomorrow."
"The reason I'm looking for that is would you happen to know whether the landlord would be interested in maybe selling their property to me in the future?"
"I mean, I've got properties that have potentially come up for sale. I'm looking at selling some properties anyway."
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 specializes 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