Feb 16 2020 38 mins 6
RESOURCE LINK
- The HMO Experience Website (http://www.thehmoexperience.co.uk/)
- Download the 11 Steps to Running your successful HMO Property Business and other FREE RESOURCES (http://www.thehmoexperience.co.uk/resources-page)
- Sign up for weekly hacks and tips for starting and scaling your HMO Property Business (https://www.thehmoexperience.co.uk/subscribe)
IN THIS EPISODE
Your podcast host Matt Harris chats with Jamie Madill & Steve Mitchell about their suggestions on what furniture you need in your HMO property. They share some stories of what they did wrong in the early days of their HMO businesses, and what they have done since to correct those initial mistakes.
As ever they share some short-cuts and HMO tips based on their experiences, so listen to this episode now to discover what essentials you need in your property.
KEY TAKEAWAYS
- When planning the layout of your HMO rooms always factor in the size of the furniture in your floor plans. It’s an obvious point but it is easy to assume that your furniture will fit, and then when it’s delivered you wonder why you can’t open the door!
- We recommend you don’t get flat-packed furniture as it’s typically not as robust and doesn’t last as long as pre-assembled furniture. Jamie & Steve made that mistake in their first two HMOs and regretted it!
- Essential furniture doesn’t need to cost you a fortune, there are plenty of low cost solutions available including ‘pre-loved’, recycled furniture and leasing options.
- The furniture provider they use delivered and assembled everything needed in our latest 3 story, 6 bed HMO in 2.5 hours.
BEST MOMENTS
“The flat-packed furniture we bought for our first HMO had to be replaced 2.5 years ago”
“On the website, there's a picture of the MD jumping up and down on one of his bedside tables. I thought, "Well, if he can do that, I can do that!"
“We used to spend between £5,000 to £7,000 on buying brand new furniture for our HMOs. That’s a significant chunk of change!”
“You can find some real gems in in charity and second-hand shops”
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CONNECT WITH THE HOSTS
Matt Harris - https://linktr.ee/iammattharris
Jamie Madill - https://www.facebook.com/jamiemadillproperty/
Steve Mitchell - https://www.facebook.com/steve.mitchell.9843
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