How to Make Money from a Guaranteed Rental
January 26th 2012 -
If you have friends who own letting agencies as well and they are earning buckets of money because of guaranteed rentals, maybe it is time you did so, too. A guaranteed rental is basically a property that is owned by another party and which you have acquired rights to. As the letting agency with rights to the property, you get to dictate how much you want to charge for its monthly rent. You also get to dictate how much you want as a deposit as well as how many months of advance payment you require. You even get to determine the minimum number of months a leasing contract should last.
Of course, the most important factor to take into account is how much you are paying the landlord in exchange for your rights. You have to make sure that it is less than the usual or standard amount charged for the type of property in question.
Tags: guaranteed rental