Mark SimpsonHelping short-term rental hosts get the tools, tactics and training to grow direct bookings with confidence

Listen to this JAW DROPPING Success of Building a Rental Property Portfolio

23 May 2023 · 1 min

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Mark Simpson built four rental properties from scratch in under 12 months and hit £50,000 revenue in 9-10 months. He's targeting £250,000 annual revenue and 20 properties by year-end, hiring salespeople and working with letting agents to scale.

Questions this video answers

Four properties (in less than 12 months, probably 11 months).

£50,000 (yearly revenue reported for 2022, achieved in about 9–10 months).

Personal goal to hit a quarter of a million (£250,000) for the year; would be happy with £200,000 as an interim target.

20 properties under management by the end of the year.

Hiring more 'deal sorcerers' (salespeople) and working on relationships with letting agents.

Chapters

Well, I'm particularly proud of that. Literally, in less than 12 months, probably 11 months, we've got four properties starting from scratch. And for 2022, starting from mid of April, our yearly revenue was £50,000. So, literally, in nine, 10 months, you get into the 50K in revenue for this year. Obviously, it's a very ambitious goal, but my personal goal is to hit a quarter of a million for this year. So, obviously, if we can even get to the £200,000 mark, I would be happy with it. So that's an ideal. And we need to get to 20 properties under the management by end of the year. And obviously, for that purpose, we're hiring more deal sorcerers. We're trying to find the actually salespeople who can help us. And obviously, I'm working way more on building the relationship with latent agents, which is the hardest part, I'll be honest.