ATA 077 – What if there’s too much competition for rent to rent in my area?

9:46
 
Share
 

Manage episode 342662236 series 2797348
By Stephanie Taylor & Nicky Taylor, Stephanie Taylor, and Nicky Taylor. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

This weeks Ask The Angels question is from Michael and it is one people get concerned about a lot - rent to rent competition in your area.

Here’s Michael's question...
“What if there are lots of other rent to rent companies in my area.
Can I still get started?”

People are worried that the HMO market for tenants is saturated
This question is about there being too much competition from other rent to renters.
So what’s the answer?
Choosing the right area is important.
When you choose the right area there will be other providers (I prefer not to call them competitors).
If you are the only person doing HMO property management, there’s got to be something wrong.
When we started in Newport, people said it’s too late, there’s too much competition, it won’t work.

Don’t listen to the unsuccessful people.
Listen to the people who are doing it.

Visit the episode page to hear the full answer and ask your question!
https://rent2rentsuccess.com/ata77
You can have you question answered at
https://rent2rentsuccess.com/ask
If you want to know more about all aspects of starting your rent to rent and the ethical way to make money from properties you don’t own, get the rent to rent Masterclass & Guide.
https://rent2rentsuccess.com/guide
And if you want more rent to rent goodness check us out on TikTok
@rent2rentsuccess

Support the show

252 episodes