This is the number one question that doubters will ask at network meetings whether they have just started on their property investment journey or whether they have been in the property game for quite some time. So let me put your mind at ease today; Rent to Rent is not illegal AS LONG AS YOU DO IT CORRECTLY. If you don’t follow the rules and the right processes pretty much anything in life can quickly turn illegal.
As in any other industry, you will always have your cowboys. I myself took over a Rent to Rent portfolio from a family who had someone manage their properties for them and that individual was clearly busy with some dodgy dealings, not following correct procedure, not registering any tenant deposits, no tenant agreements, having way more tenants than the owner knew about etc. In short; it was a complete mess. Because of his negligence and dodgy way of running his Rent to Rent business, he got sued for fraud and damages and for the tenants it was a very confusing, stressful and uncertain time.
Doing Rent to Rent properly is really not that hard. If you would like to know exactly how to get started grab a copy of our bestselling guide book here. Or if you prefer, grab a copy in our audiobook format that is now available here. This book will give you the step-by-step guidelines on how to set up and run your Rent to Rent business properly and legally.
If you would like to know more about the basics of running a successful and legal Rent to Rent business, watch our short video here.
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