The Rent 2 Rent Success Property Podcast
Business:Investing
Do rent to rent HMO contracts have to be 5 years?
152 – Understanding your contracts is an extremely important part of the rent to rent process and a question I get asked a lot about is the minimum length of a contract.
I think this question stems from fear that things won't work out and you will be tied into a long contract.
When we take on a R2R property, we prefer to make our contracts 5 years.
But why do we prefer contracts for a longer period?
This is because onboarding and tenanting a property requires an investment of our team’s time.
And if we’re paying for a refurb, it’s an investment of our money too.
Therefore, we prefer contracts for a longer period.
But what would work best for you?
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