{"id":3395,"date":"2013-06-29T13:00:00","date_gmt":"2013-06-29T06:00:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/rent-to-rent-the-latest-property-get-rich-quick-scheme\/"},"modified":"2016-02-02T12:11:25","modified_gmt":"2016-02-02T05:11:25","slug":"rent-to-rent-the-latest-property-get-rich-quick-scheme","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rent-to-rent-the-latest-property-get-rich-quick-scheme\/","title":{"rendered":"Rent-to-rent, the latest property get-rich-quick scheme"},"content":{"rendered":"


\nRent a house, then sublet the rooms to as many people as possible. We report on the rise of an ethically dubious practiceDaniel Burton is just 25, a dropout from the London School of Economics, but he’s raking in \u00a335,000 a month in rent \u2013 without ever having to buy a property. He has let out 200 rooms in 40 properties across London, turning a fat profit by renting a three-bed house from a landlord, converting the lounge and dining room into bedrooms, cramming more tenants in and leaving them with just a kitchen to share. Welcome to the rapidly growing world of “rent-to-rent”, also known as “rent the rented” and “multi-let”.Burton calls it “arbitrage” \u2013 finding properties where a landlord has not realised how much more they could squeeze in rent from the house. In an online webinar he tells other potential investors how to “jack up the rent” and maximise the amount of money that can be obtained from local authorities through the Local Housing Allowance. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Rent-to-rent, the latest property get-rich-quick scheme<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rent a house, then sublet the rooms to as many people as possible. We report...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-3395","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-SL","jetpack-related-posts":[{"id":117734,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/great-portland-estates-hit-by-low-rent-take\/","url_meta":{"origin":3395,"position":0},"title":"Great Portland Estates hit by low rent take","date":"July 10, 2020","format":false,"excerpt":"\r Central London landlord renegotiates terms with lenders on one of its properties\r \r Source : ft.com\r Read more...Great Portland Estates hit by low rent take","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138349,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-dont-qualify-for-london-living-rent-so-pay-more-to-a-private-landlord-what-are-my-options\/","url_meta":{"origin":3395,"position":1},"title":"I don\u2019t qualify for London living rent, so pay more to a private landlord. 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When she offered to pay an additional \u00a350 a month\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42535,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-tenant-wants-lower-rent-on-apartment-facing-construction-but-landlord-wants-to-raise-it\/","url_meta":{"origin":3395,"position":4},"title":"Dubai tenant wants lower rent on apartment facing construction, but landlord wants to raise it","date":"February 1, 2017","format":false,"excerpt":"\r We are currently renting a two-bedroom apartment in Dubai Marina for Dh180,000 a year. 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