In a relatively short space of time, he’s grown a solid base of recurring lettings income, built serious momentum in his local market, and is now on the verge of completing a letting agency acquisition set to take his business to the next level.
Right now, Dan is already seeing the rewards of scaling smart. He’s recently taken on a fully managed 11-bed HMO, generating £500 per month in management fees, plus additional income from tenant changeovers of £200–£250 per room. This sits on top of his growing portfolio of traditional fully managed lets, each bringing in around £90 per property per month. It’s a clear demonstration of why Sourced Living now places greater emphasis on HMOs in induction, while standard lets are reliable, HMOs are where recurring income can really accelerate.
But Dan didn’t stop there. By networking locally and delivering real value, he began carrying out inventories for a landlord with two blocks of flats totalling 36 units. By building trust and proving his expertise, Dan has now secured the transfer of all 36 properties from the landlord’s existing agent into his own management. Once fully onboarded, this single move will add around £3,000 per month in additional recurring income.
And this is just the start. Dan is now in the final stages of completing a fully funded letting agency acquisition through Sourced, due to complete in the next month. It’s a huge milestone and one that positions him perfectly for rapid growth, scale, and long-term stability.
Dan’s journey shows what’s possible with Sourced Living: recurring income, scalable systems, and opportunities that compound fast. And he’s only getting started.
Author
Chris Kirkwood
