“I don’t want to tell my tenants that I’m selling”
“I don’t want my tenants knowing that I’m selling my HMO”, is a line I hear once or twice a week. It’s usually followed by me saying something like, “At some point, they’ll find out and it is best they find out from you in a
Let’s discuss Derby again…
Let’s discuss Derby again. I’m worried that people are rushing in still developing HMOs there as we approach the article 4 cut off and walking into an even tougher marketplace than already exists. I’m worried that several factors will start to work against these developers across the
One blow of the wind in the wrong direction…
Let’s talk about risks and over-stretching and creating problems… I was charged with Fraud by False Misrepresentation for being out of my depth in the construction industry, for having no relevant experience of fighting the fires that come up working with many trades and contractors, for
Are people still buying tenanted HMOs in 2024?
The cost of living and the cost of lending have seen the average HMO cash flow much less in 2024 than many investors have been used to in previous years. With the exception of the VOA (single council tax banding for HMO rooms) victory, it seems
Are you being too optimistic?
It’s ok to be optimistic on one little thing, isn’t it? When running the numbers on a potential HMO BRR conversion, you’re allowed to be optimistic. 📈 Have a look through spare room and see a few hundred adverts for rooms between £600-750 PCM so you put
Why should you buy your next HMO through HMO Sales Expert?
There are a lot of HMOs on the market right now. How on Earth do you decide which one is best for you? Which location suits you? How many tenants is the optimum amount for your circumstances and experience? What kind of ROI and yields can you expect and
“My HMO will be the best in town…”
👀 Seeing what you want to see 👀 I usually assist at least 1 person a day with their GDV appraisals for their HMO developments. Most of these 5-7 people a week are asking for my advice because they are new to either HMOs or the area
How long does it take for HMO values to change after article 4 is implemented?
Article 4 is usually brought in for a reason. Too many HMOs. Just like property strategies become trendy and ‘all the rage’ (right now we’re in the ‘Supported Living Era’, we’ve just come out of the ‘Serviced Accommodation Era’ and I remember the days of ‘Same Day
R2R and the issues within…
Oh bloody hell, where do I start? I‘m pulling my hair out currently (haha my hair has all gone already, I know that, thank you for reminding me, there’s a reason why I wear a hat every day) with a couple of R2R operators. I’m trying to
Saturation Matters
This is a really touchy subject among managing agents but here me out… I get asked A LOT about HMO saturation. Which parts of the country do I feel where there are too many HMOs and therefore potential for saturation. This can lead to reducing rents, higher void