When I Googled “Rentrepreneur” it defaulted to Entrepreneur. However it did give the option to “search for Rentrepreneur instead” – and that provided just a few topics in reply. Seems that title may have been recently coined, so it might mean different things to different people.
However, Google did lead me to one post that gave a meaning that makes sense to me. It led to Ian Ugarte’s site where he talks of renting a property from a landlord long-term, with permission to “sublet” (my word, not Ian’s) and to renovate the place to suit the market and provide multiple incomes.
Is that the meaning that IKingy was referring to? I have no idea – as a newly coined word, there could be several different meanings.
One option I recall was where an investor bought properties as investments but rented the home they live in. They are doing things “out of the ordinary” by renting, and being an investor too. Are they rentrepreneurs?
Hmmm…. I don’t know for sure – all thoughts welcome,
I went the “rentvesting” strategy and rented where I lived and invested where the numbers were good. I now have 15 properties (22 doors) and still haven’t bought a primary residence. I do have a lease option on where I live now and will end up buying it (but will turn it into an Airbnb).
Hey guys sorry for the late reply, Benny hit the nail on the head.
I first heard of this strategy from Ian and was just wondering if there we others out there using this method. Subletting a property (with landlords consent for x time) to multiple occupants on seperate leases on short term agreements.
If any ones using this method I would love to hear a bit of your story.