Sep 21 2020 25 mins 1
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IN THIS EPISODE
Steve Mitchell chats with former BBC Broadcaster, Cambridge Graduate and Equity Property Millionaire, David Clouter. David shares how he became an accidental landlord 33 years ago when he had his first rent-to-rent.
If you’re interested in finding out about the benefits of a long term investment strategy in HMO properties from an experienced investor, listen to this episode!
EPISODE HIGHLIGHTS
Introduction [00:00 – 02:18]
How I got started in property [02:18 – 06:50]
Property cycles & buying property [06:50 – 09:30]
The shared economy [09:30 – 13:50]
It’s about quality & flexibility [13:50 – 18:10]
The future of the shared economy [18:10 – 26:05]
KEY TAKEAWAYS
- HMO property has been around for a long time. They are not a new strategy. What has changed over time is the quality of accommodation and the level of service provided
- The rise of the shared economy has serviced changes in the wider economy. Offering a service that suits
- The standard of property and level service is now critical to succeeding in the HMO market. Graduates who have experienced quality university accommodation won’t settle for inferior quality so you have to constantly ensure your property is well presented.
- HMO accommodation provides a cost effective solution that will continue to prosper as the cost of living increases and wages can’t keep up. Providing an all inclusive rent option is very attractive to people who require flexibility in their work and personal lives
BEST MOMENTS
- “People will pay a premium for flexibility; the whole shared economy will grow and grow.”
- “The HMO model has been re-invented from dingy bedsits to modern design led rooms”
- "It’s a great time to invest in the shared economy & environment as it becomes a global trend”
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