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Turn a Property to Rent into a Flatshare & Achieve Passive Income

Admin      October 31, 2017

The pursuit of passive income has skyrocketed in the last few years. What could be better than making money without the hassle of actively working for it? One of the ways that is gaining more popularity lately is the idea of turning a rental property into a flatshare and see the profit roll in. The idea is to find a property suitable to rent out and then maximise the number of bedrooms the flat can hold, thereby increasing the number of occupants and therefore the rent. Cheap flats to rent in London are becoming increasingly more difficult to find and so people are flatsharing to minimise on costs, which can help you to maximise on income. One of the reasons for this is because finding cheap student accommodation can be very hard and so by finding a cheap flat to rent in London this can alleviate the problem.

Although this still comes with its challenges, if you can be a successful landlord with a cheap flat, then the same advice applies to student flatshares. Maximise the space so that it is still a pleasant atmosphere for tenants and they have enough space, and don't overprice your flat. Student accommodation in London is always needed and students are desperate for somewhere to stay that's not overcrowded, and so they will be loyal to a flat or accommodation that offers this. Students in particular do not necessarily need a great deal of bedroom space, as what is more important for them would be a good sized, or even additional, bathroom, and a respectable kitchen that can facilitate the number of occupants. Although becoming a flatshare landlord can still have its problems it's a very achievable way of attaining a healthy passive income.  

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