hmos

Imagine if you could achieve financial independence from just 5 property deals? This week’s episode of WealthTalk is all about HMO’s. An HMO stands for ‘House of Multiple Occupation’ - a property that is rented out by at least three people who are not from the same household, shared living, essentially. We have invited experienced HMO investor and Author, Wendy Whittaker-Large, to talk us through some of the strategies and ways in which you can set up your own HMO portfolio to run almost entirely without you, allowing you to break free of the time-for-money trap and enjoy more freedom.

Resources Mentioned In This Episode:

>> HMO Successes

>> Connect with Wendy Whittaker-Large

>> Download the WealthBuilders 9-Step Recurring Revenue Roadmap

>> JOIN THE WEALTHBUILDERS ACADEMY - CLICK HERE TO LEARN MORE

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Are you trying to build your HMO business? In today’s episode, we’re going to talk about the 7 steps that you can implement to start your HMO business and scale it quickly. I’ll be sharing with you some of the best tips that I’ve implemented myself in my own HMO business. 

What does it take to scale and systemise your HMO business? Today I’m joined by Dan Green of Spencer Lettings and we’re going to talk about how he managed to grow his HMO portfolio to 100 rooms in 3 years using R2R. We will also discuss the challenges and the struggles that he overcame in his career and journey while building a successful HMO business. Plus, we’re also talking about an £86k net case study. 

Building a business is hard work and in today’s episode, we are joined again by John Paul and we are going to talk about how to build a business and not just be self-employed. 

Discover how John Paul started and his motivation to grow his business over the years through hard work, discipline and choice management. How do you know if you have a true HMO business? Find out in this episode.

Hiring the first member of your staff is a daunting task so in this episode, I’m going to share with you the 3-step approach that I use to recruit a member of staff into my businesses. 

This approach will help you determine who, when and how to recruit the first member of your staff, whether it is an office-based staff or even a remote staff.  

Today’s episode is very special because we are talking to Roland Symonds of Sanctum LDN. The company transforms tired old buildings into affordable yet luxurious London homes. Aside from his HMO business and other investments, he’s going to talk about key metrics that he places value on when looking to buy and add to his portfolio. We’re also going to talk about a £920k Case Study so this episode is definitely one that you shouldn’t miss. 

Today’s episode is very timely because we’re going to talk about how to perform in an uncertain market. Because of the pandemic, it’s difficult to decide whether you should focus on growing the business or just focus on survival, and we’re going to talk about that with none other than John Paul of the Castledene Group.  

Join us today as we discuss how to operate your HMO business and what to do in this time of economic uncertainty. 

In today’s episode, I am joined by Tex Jones of Jones Real Estate. Jones Real Estate is a Private Equity Investment company that specialises in identifying, investing and adding value to properties with strong yields and growth potential. 

Tex will share his journey and how he built his 30+ R2R’s, his experience building a family office and discuss how he achieved a £39K Gross Rent for his properties.  

In this episode in time for the new year, I’m going to talk about how to smash through your limiting beliefs and share with you my journey and growth story for the past 10 years in the HMO business. 

I will share with you the challenges and the limiting beliefs that I had to deal with, and how I overcome all of them. 

In this episode I am joined by Jake & Lucy from Innova Property, a property investment company based in Bristol! 

Jake is a property and home improvement fanatic who has worked in the kitchen industry for 10+ years while Lucy has a passion for interior design, creating sociable and functional spaces and bringing life to a properties!

Jake & Lucy share their story, we talk about their property investment strategies, their tips on building  a varied portfolio and we go into detail on a 25% ROCE case study of theirs! 

In today’s episode, John Paul and I will talk about his latest acquisition! If you’re interested in scaling your HMO business through acquisition, then this is an episode you shouldn’t miss! We’re also going to look back and discuss what valuable lessons we’ve learned this year, and of course what to look forward to and improve in 2021.

Building an HMO portfolio can be overwhelming, that’s why in this episode, I will share with you my process - the five-step system to scaling sustainably. Listen to the full episode to learn more about each step and start implementing on your own HMO business!

Here are the five steps or what I call the F-system:

1. Find
2. Fund
3. Fix
4. Fill
5. Flow

In this guest episode, I am joined by Jade Bailey - the Creative Director and Founder of Beespace, a design-led creative property company that specialises in creating co-living and co-working spaces with a difference. 

Jade is best known for her incredible interior design and branding skills, and today we’re going to talk about Jade’s background, the importance of branding and design and how you’re going to apply that to your HMO property business.

 In this episode, JP and I talk about the importance of structure in your HMO property business, what it is, and how to implement it.  

The opposite of structure  is chaos and this is why structure is the pillar you need to build into your business as quickly as possible. Without structure, the systems you implement won't work, you'll have a higher staff and tenant turnover, and ultimately you'll make less money from your HMOs! 

If you ever feel overwhelmed about what you need to do next, then this is episode is going to help very helpful for you! Tune in to this episode now to discover the solutions you need now! 

In this guest episode of The HMO Podcast I'm joined by Josh David from Davis Hughes Property. In this episode we discover how Josh got started in property buying a single HMO for £44, and Josh talks us through how he and his business partner have transformed this into a £12mn portfolio of mixed assets! 

Josh's story is unique and is a rare and genuine example of what can be achieved through property investment. We talk about how HMOs have played a key role in this process, we talk through an important HMO deal that Josh and his business partner purchased and I ask Josh  what he thinks is important to know and do when it comes to investing in HMOs. 

Josh is funny, witty and and wickedly honest and he tells his inspirational story in such a way that it will make anybody see and realise anything is possible if you approach what you do with logic!

There's a lot to think about when it comes to HMO properties! In this episode, the second of a two part series,  I'm talking through the 20 steps you can follow to build a successful and sustainable HMO portfolio or business. In the episode we're going to cover the final 10 steps and how you can apply them to your HMOs, and by the end of the episode you should feel refreshed about what you need to do to scale up your HMO portfolio! 

1. Convert viewings to tenancies
2. Referencing and guarantors 
3. Taking Deposits 
4. Tenancy agreements 
5. Inventories and inspections 
6. Managing your tenants
7. Business financials 
8. Raising private finance 
9. Systems
10. Staff 

In this guest episode I am joined by my Non Executive Director John Paul, or 'JP' as he is more affentiontely known! JP is the CEO of the Castlene Group who manage over 2000 properties, he is an ARLA Propertymark board member, he is pioneering the Rent To Own strategy and he has successfully built several other business including his training and consultancy business and his own personal residential portfolio. 

As if that wasn't enough, John is also a former winner of the Sunday Times Letting Agent Of The Year Award and has achieved an Investors In People GOLD award, the first estate and letting agent in the country to do this! 

JP has been a Non-Executive Director to my company Smart Property for four years, and while he does not specialise in HMOs himself, he has been a key part of our success and strategy by imparting his experience and knowledge on business growth, strategy, systemisation and leadership, all of which we begin to discuss in this episode. 

There's a lot to think about when it comes to HMO properties! In this episode, the first of a two part series,  I'm talking through the 20 steps you can follow to build a successful and sustainable HMO portfolio or business. In the episode we're going to cover the first 10 steps and how you can apply them to your HMOs, and by the end of the episode you should feel refreshed about what you need to do to scale up! 

1. Goals, Strategy and Vision
2. Sourcing HMOs 
3. Appraising HMOs 
4. Planning the refurbishment  
5. Delivering the refurbishment  
6. HMO Designs  
7. Furniture and Appliance Solutions 
8. Certificates 
9. Utilities, bills, and going ‘all-inclusive’ 
10. Enquiries and Viewings 

Join me in this episode to discuss the 10 essential points to stress test in every single HMO property deal appraisal! If you master this skill and apply the principles to every financial evaluation, you can be confident you're making an informed decision, you can better prepare for the unexpected and you can set manageable and realistic expectations with your investors which will help you build trust and ultimately, ensure you are buying the best possible  property deals! 

Effectively using  social media is a great way to build you HMO property network, and it can also be an essential springboard for many investors who are looking to generate brand awareness and raise private finance! But are you finding it difficult to post and engage regularly on social media? Do you go through periods of being very active, only to find you lose your mojo?  Well if so, you're not alone! 

In this episode I talk about how to combat the social medial slump with some simple action steps that will help to get you back on track with your digital HMO and Co-Living property goals!