Melinda had spent years living in and lovingly renovating her flat in the prime location of Richmond. However, when considering the idea of retiring abroad, Melinda was reluctant to sell the property she had poured so much time and effort into.
With ambitions of living out her retirement in the Swiss Alps, Melinda turned to the world of lettings. Since working with Smarter Rent, she has:
- Earned a passive income of thousands each month
- Retained her prime-location bolt-hole to come home to as and when she needs
“I had been working with a lettings company for a few years, but after various Covid lockdowns, I found that I wanted to come back to London more spontaneously and more regularly than previously.
“I knew a shorter-term serviced accommodation model was needed, but when I discussed this with my previous agents, it was clear their model was no longer fit-for-purpose. Not only were they proposing a 25% charge on any rental income, they also had a range of obligatory expenses that added up to £500-£600 for every letting!”
Smarter Rent lets Melinda rent her home flexibly with trusted tenants
Melinda found Smarter Rent online after looking for a more flexible rental option. Charging less than traditional lettings agents, Smarter Rent also vet each tenant so Melinda can rest assured her beloved property is in safe hands.
Melinda now keeps one bedroom in the flat locked up with her personal possessions, while the rest of the flat is set up as a luxury home-from-home for short-term lets. Melinda simply books into the property whenever she needs to, giving her the flexibility she’d been searching for.
Melinda earns a passive income while retaining her much loved London bolt-hole
“I completely trust Smarter Rent to make the right decisions on my behalf. I feel very lucky really: I earn thousands every month in passive income that is financing my retirement dreams; I have a bolt-hole I can return to at the drop of a hat; and I still have a beautiful Richmond property in a very desirable location as part of my investment portfolio.
“I have a sense of security that I never had with my old lettings agency.”