On this weeks Ask The Angels we're talking about how to show letting agents you can afford the rent on HMOs and we have a great question from Scott about it.
Here is Scott's question...
“How do I show an agent I can afford the rent?
Do I need to deposit some money in my business account.
I have £10,000 I could deposit.”
When you rent a property as a rent to rent business and your business, you won’t have financial history to show.
And most people won’t have £10,000 to deposit in their business bank account.
Luckily you won’t need it, the referencing process will be on you personally.
And for that they’ll do a credit check.
And also an affordability check, so see you have enough income to afford the rent.
The income can be salary.
So you don’t need a big lump sum but you do need to show you can afford the rent.
Visit the episode page to hear the full answer and ask your question!
✅ https://rent2rentsuccess.com/ata65 ✅
You can have you question answered at
✅ https://rent2rentsuccess.com/ask ✅
If you’re also at the beginning stage and you want the full overview of how all this works.
Get your free Rent 2 Rent Success Masterclass & Guide which takes you through the process ✅ https://rent2rentsuccess.com/guide ✅