{"id":33816,"date":"2026-09-19T09:52:13","date_gmt":"2026-09-19T08:52:13","guid":{"rendered":"https:\/\/www.franchiselocal.co.uk\/news\/?p=33816"},"modified":"2026-09-15T09:53:28","modified_gmt":"2026-09-15T08:53:28","slug":"how-elisheva-is-building-a-multi-strategy-lettings-business-with-sourced-living","status":"publish","type":"post","link":"https:\/\/www.franchiselocal.co.uk\/news\/how-elisheva-is-building-a-multi-strategy-lettings-business-with-sourced-living\/","title":{"rendered":"How Elisheva is building a multi-strategy lettings business with Sourced Living"},"content":{"rendered":"Reading Time: <\/span> 4<\/span> minutes<\/span><\/span>

When Elisheva joined Sourced Living, she had no lettings experience.<\/h3>\n

She had already started a small cosmetics business but wanted to build another business with reliable recurring income and strong long-term exit value<\/strong>.<\/p>\n

Fast forward to today, and Elisheva is already generating \u00a3761 a month from just two properties<\/strong> without owning either of them.<\/p>\n

She’s also preparing to complete on a 100% funded acquisition of an established lettings business<\/strong>, giving her the opportunity to fast-track years of growth.<\/p>\n

Her journey demonstrates how the right lettings model can create multiple income streams and build towards a valuable business asset.<\/p>\n

Building income through Flexi-Let<\/strong><\/h4>\n

One of the biggest advantages of the Sourced Living model is Flexi-Let<\/strong>.<\/p>\n

Partners aren’t restricted to one type of property management. They can offer traditional lettings, HMOs and serviced accommodation, choosing the strategy that best suits the landlord, property and local market.<\/p>\n

For Elisheva, that means she can build income across different property strategies rather than relying on one source of revenue.<\/p>\n

Her first two landlords are already generating:<\/p>\n

Traditional letting<\/strong><\/p>\n

    \n
  • \u00a31,800 monthly rent<\/strong><\/li>\n
  • 13% management fee<\/strong><\/li>\n
  • \u00a3234 monthly income<\/strong><\/li>\n<\/ul>\n

    Serviced accommodation<\/strong><\/p>\n

      \n
    • \u00a3190 average nightly rate<\/strong><\/li>\n
    • 70% projected occupancy<\/strong><\/li>\n
    • \u00a3527 projected monthly income<\/strong><\/li>\n<\/ul>\n

      Combined, those two properties generate \u00a3761 a month<\/strong> in management income.<\/p>\n

      And Elisheva doesn’t need to own the properties herself.<\/p>\n

      That’s the power of building a lettings business: the income comes from managing other people’s properties rather than tying up large amounts of capital buying them.<\/p>\n

      How lettings income can compound<\/strong><\/h4>\n

      One property generating a few hundred pounds a month might not sound like a huge business.<\/p>\n

      But the model becomes much more powerful as the number of managed properties grows.<\/p>\n

      If Elisheva adds another landlord, she adds another income stream.<\/p>\n

      Add another, and the monthly recurring income increases again.<\/p>\n

      Over time, those individual management fees can compound into a significant recurring revenue base<\/strong>, without requiring the Partner to purchase every property themselves.<\/p>\n

      For example, if a Partner built a portfolio generating an average of \u00a3250 in monthly management income per property:<\/p>\n

        \n
      • 10 properties = \u00a32,500 per month<\/strong><\/li>\n
      • 25 properties = \u00a36,250 per month<\/strong><\/li>\n
      • 50 properties = \u00a312,500 per month<\/strong><\/li>\n
      • 100 properties = \u00a325,000 per month<\/strong><\/li>\n<\/ul>\n

        The exact income will vary depending on the properties, strategies and fees, but the principle remains the same.<\/p>\n

        Every new managed property can add another recurring income stream to the business.<\/p>\n

        That’s why building a lettings portfolio isn’t just about today’s income. It’s about creating an asset that can become increasingly valuable as the managed portfolio grows.<\/p>\n

        Why lettings businesses can be valuable at exit<\/strong><\/h4>\n

        For someone building a business, monthly income is only part of the picture.<\/p>\n

        The other question is: what could the business eventually be worth?<\/strong><\/p>\n

        Lettings businesses can be particularly attractive because they can generate recurring revenue from a portfolio of managed properties.<\/p>\n

        Unlike a business that relies heavily on one-off transactions, a well-run lettings business can have predictable management income coming in month after month.<\/p>\n

        That recurring revenue, established landlord relationships, managed units and operational infrastructure can make a lettings business an attractive acquisition opportunity.<\/p>\n

        It means the value of the business isn’t simply the properties it manages.<\/p>\n

        The income-producing client portfolio itself is an asset<\/strong>.<\/p>\n

        For an entrepreneur like Elisheva, that creates an opportunity to build something with both ongoing income and long-term exit value<\/strong>.<\/p>\n

        From building a portfolio to owning an agency<\/strong><\/h4>\n

        Elisheva is now preparing to take the next step.<\/p>\n

        She’s due to complete on an acquisition of an established lettings business that is being 100% funded by Sourced<\/strong>.<\/p>\n

        Rather than spending years building a large managed portfolio from scratch, the acquisition gives her the opportunity to take ownership of an existing business and immediately build from an established foundation.<\/p>\n

        This is where the two sides of the Sourced Living model come together.<\/p>\n

        Partners can build their own managed portfolio through Flexi-Let, creating recurring income as they add properties.<\/p>\n

        They can also have the opportunity to acquire established lettings businesses through the Assisted Acquisitions Programme<\/strong>, potentially accelerating their growth even further.<\/p>\n

        What does 100% funded acquisition mean?<\/strong><\/h4>\n

        Acquiring an established business can traditionally require significant upfront capital.<\/p>\n

        Sourced Living’s Assisted Acquisitions Programme can provide up to 100% funding for suitable acquisitions<\/strong>, making business ownership accessible to people who may not have the capital required to purchase an agency themselves.<\/p>\n

        The programme can support Partners through the acquisition process, including identifying suitable opportunities, due diligence, funding and completion.<\/p>\n

        For Elisheva, this means she can move from building her own recurring income to taking ownership of an established lettings business without needing to fund the full purchase price herself.<\/p>\n

        It’s a very different route to business ownership.<\/p>\n

        Rather than starting with an empty portfolio and waiting years for it to reach scale, an acquisition can give a Partner an established operation to take forward and grow.<\/p>\n

        What could you build with Sourced Living?<\/strong><\/h4>\n

        Elisheva’s story is a great example of how quickly a lettings business can start to take shape.<\/p>\n

        She didn’t need years of industry experience to get started.<\/p>\n

        With the Flexi-Let model, she can work across traditional lettings, HMOs and serviced accommodation.<\/p>\n

        As she adds properties, her recurring income can grow.<\/p>\n

        And through the Assisted Acquisitions Programme, she has the opportunity to accelerate that growth by taking ownership of an established business with 100% funding from Sourced<\/strong>.<\/p>\n

        Whether you’re starting from scratch or looking to build something substantially bigger, Sourced Living provides the model, technology, training and support to help you build a lettings business designed for long-term growth.<\/p>\n

        If you’re ready to explore what you could build, speak to the Sourced Living team today.<\/p>\n

        FAQs<\/strong><\/h4>\n

        What is Flexi-Let?<\/strong><\/h4>\n

        Flexi-Let is Sourced Living’s flexible lettings model, allowing Partners to manage different types of property including traditional lets, HMOs and serviced accommodation. This gives Partners the flexibility to choose the strategy that best suits each landlord and property.<\/p>\n

        How does a lettings business generate recurring income?<\/strong><\/h4>\n

        A lettings business can generate recurring income by charging management fees for managing properties on behalf of landlords. As the number of managed properties grows, the business can build a larger recurring revenue base.<\/p>\n

        Can you build a lettings business without owning the properties?<\/strong><\/h4>\n

        Yes. A lettings business can generate income by managing properties owned by other people. Elisheva is currently generating \u00a3761 a month from two properties without owning either property herself<\/strong>.<\/p>\n

        How much can you earn from managing rental properties?<\/strong><\/h4>\n

        Income depends on factors such as the number of properties managed, rental values, management fees and the strategy used. Elisheva’s two properties currently generate \u00a3234 and \u00a3527 in monthly income respectively, giving her a combined \u00a3761 a month<\/strong>.<\/p>\n

        Why can lettings businesses be attractive investments?<\/strong><\/h4>\n

        Established lettings businesses can benefit from recurring revenue, established landlord relationships and a portfolio of managed properties. These characteristics can make them attractive to buyers looking for businesses with predictable income and long-term growth potential.<\/p>\n

        What is a 100% funded lettings business acquisition?<\/strong><\/h4>\n

        Through Sourced Living’s Assisted Acquisitions Programme, suitable Partners may be able to acquire an established lettings business with up to 100% of the purchase price funded by Sourced<\/strong>, subject to the individual acquisition and funding criteria.<\/p>\n

        How can Sourced Living help with acquisitions?<\/strong><\/h4>\n

        The Assisted Acquisitions Programme can support Partners throughout the acquisition process, including identifying suitable opportunities, reviewing businesses, supporting due diligence, arranging funding and providing ongoing guidance after completion.<\/p>\n

        Do you need lettings experience to join Sourced Living?<\/strong><\/h4>\n

        No previous lettings experience is required. Elisheva joined Sourced Living without lettings experience and has already started building recurring income from her first managed properties.<\/p>\n

        Is a lettings business become a smart investment?<\/strong><\/h4>\n

        Yes. A successful lettings business can build value through its recurring revenue, managed property portfolio, landlord relationships, systems and operational infrastructure. This can create both ongoing income and potential long-term exit value.<\/p>\n","protected":false},"excerpt":{"rendered":"

        When Elisheva joined Sourced Living, she had no lettings experience. She had already started a small cosmetics business but wanted to build another business with reliable recurring income and strong long-term exit value. Fast forward to today, and Elisheva is already generating \u00a3761 a month from just two properties without owning either of them. She’s […]<\/p>\n","protected":false},"author":8,"featured_media":33817,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[929,1577],"tags":[],"class_list":["post-33816","post","type-post","status-publish","format-standard","has-post-thumbnail","category-investment-franchises","category-sourced-living"],"acf":[],"jetpack_featured_media_url":"https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2026\/09\/sfs.webp","_links":{"self":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts\/33816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/comments?post=33816"}],"version-history":[{"count":1,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts\/33816\/revisions"}],"predecessor-version":[{"id":33818,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts\/33816\/revisions\/33818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/media\/33817"}],"wp:attachment":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/media?parent=33816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/categories?post=33816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/tags?post=33816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}