Property Developer VS Landlord
Are you a Landlord or a property Developer?
There are pros and cons to each side of the coin and in the video below we take a look at each side of the coin briefly.
A property developer is a person or company that makes money by building houses or renovating existing properties for sale, where a landlord is a person who rents out the land, a building, or accommodation.
Below Lee discusses the pros and cons of doing Guaranteed Rent deals with Landlord VS property developers.
Some pros
“Just different, it’s different in the sense that it’s doing bulk deals.â€
“So here is one development I’ve Got. If we secure the deal it’s going to be eight Flats in one building. Right? So if its individual Landlords that means eight individual conversations and eight individual contracts and also eight different locations maybe.â€
Some cons
“The downside is that you have multiple units with one landlord, then that could be a risk as well. So your portfolio doesn’t ever want to be leveraged by one or two clients.â€
“So that’s like when you first start and you got, for us some contracts with the local authority, if that income if that went for Whatever reason wrong that will mean a large sum of money lost.â€
Where do you stand? is it better to make deals with property developers or single landlords?
Let us know on our social medias