property regulations

This week we’re taking a look at how to win with a HMO strategy

Ususally when you choose a HMO strategy you need to invest pretty close to home as it can be quite a hands on strategy.  

But that’s not a problem for today’s guest, Tim. 

Tim invests in student HMO properties 300 miles away from his hometown. And, he does absolutely everything himself. 

Here’s what to expect on this week’s property podcast episode

HMO strategies are becoming more popular and we often get questions on the best way to execute them.  

If you’re not familiar with what a HMO is, it stands for House in Multiple Occupancy. So basically where you rent the rooms out individually and have shared communal areas like the living room and kitchen.  

The reason they’re so popular is that they’re on the high end of the cash spectrum and the yields can be very attractive. But they’re also on the high end of the effort spectrum.  

So, today we’re talking to Tim who’s been investing in property since 2017 and his portfolio consists of five HMO’s with a total of 28 rooms.  

All of his properties are in Bangor, North Wales and are 300 miles away from where Tim lives.  

We wanted to find out how Tim became a landlord managing 28 rooms and why he chose the location he did.  

If you’ve been thinking about choosing a HMO strategy then Tim’s success story could be some great advice for you.  

 

In the news 

This week's news story is from Landlord Zone and the headline reads ‘step away from ‘disastrous’ rent controls campaign, landlords urge Sadiq Khan’.  

The current Mayor of London is wanting to continue with his plans for rent controls if he’s re-elected later on this year, and landlords aren’t happy about it.  

However since the last time Sadiq Khan was campaigning for this, rent prices in London have gone down by 9.8% according to Zoopla whereas outside of London they’ve increased by an average of 2.6% over the last year. 

So it doesn’t stand well right now for Saidq Khan’s campaign methods. 

 

Hub Extra 

This week’s Hub Extra resource comes from our Podcast Producer, Dan.  

It’s a YouTube channel called TED-Ed and it’s an extension of TED Talks but in the form of short, five minute educational videos on all sorts of topics.  

The videos may appear to be specifically for kids, but Rob & Rob have already bookmarked ones they’re going to be watching themselves. 

 

Let’s get social 

We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do. 

Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week!  

If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.

See omnystudio.com/listener for privacy information.

This week on The Property Podcast, Rob & Rob are talking about landlord licensing.

We know it’s not the most exciting of topics but it’s up there with one of the most important as a property investor. And luckily for you, The Robs will be talking you through exactly what licensing is and what you need to do. 

You may have ignored this topic in the past because it only ever applied to HMO’s - and maybe you’ve thought that this is still the case. But now, depending on where you are, even with single let properties, landlord licensing is something you might need to know about. 

Here’s what The Robs will cover in today’s episode:

• What are the requirements?
• How much does it cost?
• Will they inspect the property?
• What should you do?
• What if you should have a licence but don’t? 

This is a full-on episode, full of regulatory need-to-knows. If there’s one episode of The Property Podcast you need to listen to… this is it. By the end of the episode, you should be completely clued up on whether you need landlord licensing or not.

 

And in the news this week, Rob B’s home city of Liverpool back in the press: ‘Liverpool endorses 2m sq ft office masterplan’. The article from Place North West says that the council has signed off on helping to build a world class commercial business district in the heart of Liverpool to tackle the shortfall of offices in the city.

So once again, even more positivity and investment being ploughed into the city, which will bolster the number of investment plans already in motion, such as Liverpool Waters and the high number of property developments that are in the pipeline throughout the city and the wider areas. 

 

If you haven’t seen it already, we launched a new YouTube video yesterday and this one is all about tax! Some people love it, some people hate it and some just don’t understand it. In this video, Rob & Rob explain everything you need to know about tax and cover all the different types of tax that you may have to pay as a property investor. 

So go and check it out, let us know what you think or ask us any questions in the comments section, and don’t forget to hit that subscribe button! 

 

This week for our Hub Extra, we’re wanting to help make a difference to the planet and this week it’s a website called Team Trees. It’s all about helping to make the world that little bit greener. Maybe you’ve always considered planting a tree but you don’t want to get covered in mud or you just don’t have the spare time. 

Well this is the easiest option you’ll come across. Donating just $1 will plant one tree and Team Trees are aiming to have planted 20 million trees around the world by the 1st of January 2020. So go and do your bit for the planet and donate a dollar. 

 

We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do.

 

Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week!

If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.

See omnystudio.com/listener for privacy information.

We’re back for part two of Strategy September and this week we’re talking about HMO’s. 

The Robs have talked about HMO’s numerous times on The Property Podcast, but they wouldn’t consider themselves experts. 

So this week they’ve brought in another Rob who knows pretty much anything and everything about HMO’s.

Enter Rob from Maygreen Investments who, along with his wife Sarah, has built up a portfolio of HMO’s that are absolutely beautiful. You can have a nosey here. 

Here’s a little taster of what you can expect The Robs, and Rob, to cover:

• What is a HMO? And an example of one
• The advantages and disadvantages of a HMO
• Who should be looking at investing in a HMO?
• Some great tips from Rob if you’re looking at a HMO strategy

This is a jam-packed episode, so make sure you’re listening carefully and have a pen and paper at the ready. 

 

And in the news, we’re elaborating on an article we included in last Friday’s Hub Extra email - yes, we’re talking about politicians again. The article comes from The Daily Mail and it reads, ‘John McDonnell is to declare war on buy-to-let landlords by giving tenants the chance to purchase their property at a DISCOUNT price’. 

We might need to apologise in advance before you listen to this episode as The Robs get a little political on this topic. It’s not with the intention to offend, but quite frankly it’s all a bit ridiculous. We can’t blame them for voicing their opinions on something so bizarre. Have a listen and let us know your thoughts on the matter. 

 

And in this week’s Hub Extra, we’ve got a new podcast for you. This one is called ‘Land of the Giants’ and the concept is that in each of the series they’re going to focus on one of the tech giants like Google, Apple, and other similar businesses.

The first series is on Amazon, and each episode explores how Amazon has got to where they are today and how it’s not only evolved but changed the world as well. It’s a great podcast on the businesses that we just can’t seem to live without. 

 

We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do.

Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week!

If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.

See omnystudio.com/listener for privacy information.