£500 Plus Per Month Cashflow From a Buy to Let!

#185

Buy to Let is dead! You must have heard people saying that right? 

You may even have heard it on here before. 

It’s been strangled it to death by inflation, higher interest rates and less than favourable legislation. 

But what if I told you there’s a way to make north of £500 per month from a property costing not insignificantly more than 100K with fewer of the expenses, voids and maintenance issues that would come from an HMO?

Would you be interested?

Well, that’s what this week’s show will let you know!

Raj Beri is the co-editor of YPN magazine and has aportfolio of  HMOs and single lets in Nottingham. He has been  following the LHA strategy for 12 years in Nottingham and has seven properties adopting this approach. He has recently started exploring a new area for his model: Leeds.

Raj offfers training in the LHA strategy.

During the episode, we discuss:

·      Definition of Local Housing Allowance (LHA).

·      Emphasis on providing safe, clean accommodation for ALL 

·      Importance of local networks and selecting safe neighborhoods.

·      LHA rates vs. rising market rents.

·      Pros and Cons of the LHA Strategy:

·      Importance of local partners for tenant screening.

·      Model 1: HMO-like arrangement with dual tenancy benefits.

·      Model 2: Family setups with separate entitlement claims.

·      Implementation and Management Techniques:

·      Prequalifying tenants and indirect communication.

·      Managing tenant inquiries and Raj’s hybrid management model.

·      Handling Universal Credit and housing benefits transition.

LHA Rates

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Keywords
LHA strategy, higher cash flow potential, universal credit details, tenant screening, buy refurbish refinance method, Raj Beri training, Renters Rights Bill, eviction process, housing benefits, direct payments, tenant withdrawal, multiple exit strategies, buy-to-let alternative, HMO-equivalent income, property maintenance, Model 1 LHA, Model 2 LHA, tenant prequalification, Gumtree advertising, Manchester vs Leeds, safe neighborhoods, hybrid property management, fixed fee management, tenancy management, local partners, rental market challenges, LHA rates, property investment strategy, remote property investment, government rental support, housing entitlements.