Starting a Rent to Rent Serviced Accommodation business can completely turn things around for entrepreneurs interested in making a good return on investment in real estate without owning it. However, the first challenge is how to get landlords to agree to rent out their properties for short-term use. This concept is still relatively new for many landlords and may raise concerns. That is why having the correct attitude and a proper structure on what to say to the landlords is very important in getting those vital lease contracts.

In this blog, we’ll look at the best ways to address landlords, what landlords want to hear, and how a landlord phone script template can be a powerful tool to help you persuade landlords. By the end of this, you will have an effective plan to ensure that you create a mutually beneficial relationship with landlords for your Rent to Rent Serviced Accommodation business.

Why Rent to Rent Serviced Accommodation Appeals to Landlords

Having said that, before we go into how to speak to landlords, we would like to analyze why Rent to Rent Serviced Accommodation can be appealing to them. There are several reasons why landlords may want to venture into this business model:

Guaranteed Rent: The most attractive aspect of Rent to Rent Serviced Accommodation is the commitment to the rents which has no shortages. For instance, this is unlike the normal rental models as some landlords would at one time have properties that rent out but have standing vacancies due to imposed restrictions, non-payment among other reasons.

Low Maintenance for the Landlord: In this scenario, the property management service is offered by you. The landlord does not have to engage in any of the boring day to day management or any repairs since you would take care of it all to have a property ready for a short term tenant.

Professional Management: As a professional middleman, the landlord can be more confident that their asset is being well taken care of. This applies not only to routine cleaning and maintenance but also to repairs if any, thus fewer worries for the landlord.

Property Care: since it is you who will manage a Rent to Rent Serviced Accommodation business you must care about the image of the property. It covers every aspect like cleaning of property, repairing, and servicing of property more efficiently than the ordinary lets.

How to Prepare Before Approaching a Landlord
Comprehensive preparation is a strong part of the argument on why a landlord should give in to the Rent to Rent Serviced Accommodation arrangement. The first step is to gather intelligence regarding the property in question as well as the landlord himself and his priority areas.

Research The Property And The Surrounding
It is wise to check the local rental market. Get to know how much would similar properties go for renting, and more importantly, the opportunities of the region for short term lets. Is it a place with tourist attractions, business trips, or one where there is a high risk of short stay visitors? This will help you because it proves to the landlord that you have done your research.

Find Out What The Landlord Wants
Different landlords have different prerequisites and the priority of each varies they may be some who will be profit maximizers while there may be some who will prefer steady low risk tenants There will always be a proposal but the order will depend on the priority of the landlord. Answer questions to gauge what constraints they have. In other words, you will be able to address landlords and modify your speech according to their specific requirements.

Familiarize Yourself with Legalities
Understanding the law and/or what is legal is essential. Be ready to justify the legalities of Rent to Rent Serviced Accommodation in the context of UK property law. For example, be reassuring to them that the domiciliation of short lets is acceptable as long as it is within the terms of their contract. This is an important aspect of the law that helps them earn some credibility.

The Best Lines to Use When Speaking to Landlords

Now getting into the details like how to speak to landlords regarding the rent to rent method, we go to the script. One more thing, this helps in the preparation of delivering the message, professionally, and convincingly. When addressing each of the landlords, we developed below a standard approach that you will change to suit each landlord.

Begin by Asking or Introducing Yourself

Make sure that you start by mentioning your name and what you intend to do.

“Hello [Landlord’s Name], I am [Your Name]. I manage a well-run Rent to Rent Serviced Accommodation business in [Area Name] and I’m an investor as well. While looking for potential tenants I found your property quite interesting and thought we could do a Rent to Rent where you will be assured you are getting rental payment at the end of the month and I will be the one who runs the house. Would you be able to explore this idea in more depth with me?”

This discrete opening is right to the goal as it makes the landlord understand what they are getting in return for the property rent and property management

Explaining the Rent to Rent Model
Let’s be honest, most of the landlords will not have an idea of how the Rent to Rent Serviced Accommodation works, therefore it is crucial to lay it out in a simple manner.

Allow me to outline the process. In a nutshell, I would take your place on an agreed lease, which will range from about three to five years, and pay you a specific amount each month to cover rent irrespective of the occupancy of the house. I would then sub-lease the house for a short term, typically to business/traveling individuals. As such, the major advantage to you is the peace of mind that you will get constantly guaranteed rent each month without the worries of managed voids, tenants, or looking after the property.

This particular explanation addresses the most important aspects for the landlord without risks and any serious involvement from the landlord.

Highlighting Key Benefits
When the landlord grasps the concept, mention the points that will solve their problems.

I can appreciate why the property is important to you and therefore, I can assure you that it will be looked after. We provide regular professional cleaning services, perform routine maintenance, and repair what’s damaged as needed. In many cases, the average tenants do not care for the premises and it becomes a problem as prospective tenants turn down the premises due to neglect of it, but we are not average tenants. We consider your house a high end short term rental property, hence no property will be left dirty.

Property owners always want to be sure that their assets are in safe hands. This highlights the importance of taking care of the properties and where rent is assured, making this relationship worth it.

Dealing with the Most Frequent Landlord Objections
It is quite unavoidable to have convincing affordable Rent to Rent Serviced Accommodation ideas when landlords are approached. The next thing that awaits most people is how they are going to solve such problems, and it is business as usual in many cases. Here is the list of the most frequently raised issues alongside tips on how to resolve them.

Objection 1: What if the property gets damaged?
That’s a great question, and it’s something I take very seriously.’ ‘This is a great concern, and I find a solution. All guests are properly vetted, and the accommodation is cleaned and inspected thoroughly after every stay of the guest.’ For more added protection, we have insurance that will cover such damages so that you do not have to worry about whether your property is at risk.

Objection 2: What if the property becomes vacant?
I can see why you’re worried about vacancies in the property. The good news is that you’ll still receive your guaranteed rent even if the property is not fully booked. I bear the risk so whether the property is occupied, or not, you will always wait for the same fixed amount of rent every month.

Objection 3: I’m not sure about subletting. Is it illegal?
I perfectly understand your concerns regarding subleasing.” Rent to rent serviced accommodation is not only permissible but also legitimate if explicitly stated in the lease agreement. I would assist in drafting an agreement that safeguards your rights as well as mine, all the way from house management to renting out the house.

Such objections should be dealt with in a calm and professional way and the landlord is reassured that exactly you are the experienced operator you claim you are.

Closing the Deal
Having clarified the model, addressed the landlord’s worries and they are looking interested, go for the kill. At this stage, it is important to stress the ease as well as the safety of the setup.

Closing Script
Let me recap. Each month, you will receive rent whether there are guests in the space or not, and I will take care of all the paperwork, payment processing, and managing of the house. This is a long term arrangement but we will be able to change it on a mutual agreement whenever need be. Please let me know when we can meet to move forward and sign a lease that contains all the pertinent issues.

The last closing script is all business. It gets right to the point and lists all the advantages that the landlord could get, which makes it easy for them to progress to the next step.

Following Up with Landlords
Even in a situation where the landlord does not accept immediately, make sure to follow up anyway. There is no harm in sending a polite email or message, as this can advance the conversation and demonstrate your seriousness for the opportunity. Following up also allows the landlord to dwell on the proposal because he is not under pressure to respond quickly.

Follow Up Script
Dear [Landlord’s Name], I appreciate you for taking the opportunity and dedicating part of your time to discuss the Rent to Rent Serviced Accommodation opportunity with me. I believe I was able to respond to your concerns and put into perspective how the arrangement will be, and Ruth, your expectations. I am more than willing to help with more related information or even arrange a second meeting with you for clarification of certain issues. Awaiting your feedback.

Conclusion
Engaging and negotiating with a landlord in the Rent to Rent Service Accommodation business is an activity that needs a lot of professionalism and prior preparation, addressing all the issues of the landlord. If the needs of the landlords are met first with guarantees for example with guaranteed rent, and how to persuade landlords with a winning script, the chances of getting the target rental contracts are greatly improved.