Harringay, Haringey - So Good they Spelt it Twice!
The latest gravy train is rent-to-rent
I was intrigued to read about "the rapidly growing world of "rent-to-rent" also known as "rent-the-rented" and "multi-let". (The Guardian 29 June 2013)
It seems to be a new version of the shared house or flat; but involving an extra layer of landlords who are themselves renting from a landlord. One example given is: "renting a three-bed house ... converting the lounge and dining room into bedrooms, cramming more tenants in and leaving them with just a kitchen to share."
Anyone have experience of this happening and the impact? (P.S. For some reason, the title of the online version of the Guardian article no longer refers to "the latest gravy train" as in the print version.)
Tags for Forum Posts: guaranteed rent, multi-let, passive income, rent-the-rented, rent-to-rent, subletting
Replies to This Discussion
-
Permalink Reply by Finsbury Park Ranger on
-
My homeless charity I work for is looking into using the model to provide social housing at low cost with no capital expenditure. Of course the current coalition attempt to pay housing benefit into the pockets of even people with complex substance use problems instead of straight to the landlord though, might scupper every plan in the book.
However the essential idea of using the rent to rent model to provide some social housing actually is quite an interesting prospect I think, whether the legalities stand up to scrutiny for our sector when we look at it more deeply is another question ...
-
Permalink Reply by Alan Stanton on
-
Thanks. Very interesting. Has your charity evaluated the pros and cons of using this model? If so would it be prepared to share this with other social housing providers?
-
-
Eventually yes, still very early days though.
-
-
I think 'rent to rent' defines the concept of subletting by a whole new wave of landlords who wouldn't previously have been subletting. In this respects it's a handy term.
© 2024 Created by Hugh.
Powered by
