Sep 28 2020 42 mins 1
IN THIS EPISODE
Your hosts Matt Harris and Jamie Madill take a deep dive into how you can find your first or next Rent to Rent HMO property deal. If you’re unsure about where to start with your goldmine area or what sort of property you should be looking for, this is definitely the episode for you!
This episode of The HMO Experience Property Podcast is not one you want to miss! Don’t forget to download How to find your First HMO Property as an accompaniment to this episode as well.
EPISODE HIGHLIGHTS
Introduction: [00:00 – 04:38]
What is A Deal? [04:38 – 08:25]
How to Find Rent2Rent Deals [08:25 – 14:45]
Building Relationships & Grafting [14:45 – 18:30]
Speak With The Right Person [18:30 – 25:50]
Leveraging Online Portals [25:50 – 29:21]
The Old Skool Approach [29:21 – 34:30]
Add Value By Sharing Content [34:30 – 40:15]
Jamie’s Last Comment [40:15 – 42:18]
KEY TAKEAWAYS
- Ensure that you have a definition of what a deal means to you. How much cash flow will be produced, the return on your investment or perhaps how much capital you leave in the deal.
- Agents are the obvious choice to start your Rent2Rent journey. They hold most of the available stock but approaching landlords direct is also worthwhile.
- Set up your Goldmine area, set your online property portal alerts and then contact the agents.
- Ensuring that your HMO Management company is properly set up. Once you make contact with prospective clients they will check you out.
BEST MOMENTS
- “Don’t just think about deals in terms of numbers and metrics but understand what a deal is in a wider sense to you and your clients/customers.”
- “phone calls, just phones calls. Lots and lots of phone calls. Did I enjoy it. Not really but now I have some really good relationships with agents.”
- “Identify who the decision makers are in the letting agents will move you forward faster than dealing with negotiators. Ensure they understand your business model and always work with integrity.”
The HMO Blueprint book launch on 26th October 2020
Jamie Madill, co-host of The HMO Experience Property Podcast, is about to launch his brand new book “The HMO Blueprint”and you could win some amazing prizes if you hop onto our pre-launch notification list.
So get on the launch list right now and we’ll see you on launch day! https://www.thehmoblueprint.co.uk/hmobook
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