Converting a Sales Property into a Rental Property

Objective:

The objective of this guide is to assist users in converting a property listed for sale into a rental property on the platform. Users will learn the steps involved in duplicating a sales property, updating rental information, and preparing the property for listing.

Step 1: Accessing the Property Listings

• From the dashboard or lobby, locate the option to access properties on the market.

Step 2: Selecting a Property

• Once in the properties on the market section, choose the property you wish to convert into a rental property. In the video above, the example given is "Flat 427".

Step 3: Duplicating the Property

• After selecting the desired property, locate and click on the three dots icon at the top of the property details page.
• From the dropdown menu, select the option to duplicate the property.

Step 4: Choosing Copy Destination

• Upon duplicating the property, you will be prompted to choose whether to copy it to sales or to let (rental).
• Select the option to copy to let (rental).

Step 5: Updating Rental Information

• Once the property is duplicated and copied to rental, review and update the rental information as necessary.
• Modify the rental price to reflect the desired amount for rent. In the provided transcript, an example of £3000 for rent is given.
• Ensure all other relevant information such as property features, description, and any updates are accurate and up to date.

Step 6: Finalising and Sharing

• After updating the rental information, proceed to share the property.
• Create the new rental property listing.
• If applicable, complete any additional checks or requirements such as AML (Anti Money Laundering) checks.
• Add any other necessary information before finalising the listing.

Step 7: Market Placement

• Once all information is updated and finalised, proceed to put the rental property on the market.

1. Ensure the property listing includes high-quality images, detailed descriptions, and any other relevant details to attract potential tenants.

Step 8: Completion

1. Congratulations! You have successfully converted a sales property into a rental property and listed it on the platform.

Following these steps will enable users to efficiently convert sales properties into rental properties, ensuring accurate information and smooth listing processes. If further assistance is needed, please refer to the platform's support resources or reach out to customer service for additional guidance.