Dec 15 2019 17 mins 9
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 Hosts Matt Harris, Jamie Madill & Steve Mitchell share their thoughts on how to chose the perfect area to buy HMOs or build your Rent2Rent HMO business. They include some of the key things you need to consider when looking for an area to focus your attention on and why it is important to keep your efforts and your HMO areas in a small geographical area.
If you get this right it is easier to grow your HMO property business so make sure you listen to this episode of The HMO Experience Property Podcast!
KEY TAKEAWAYS
- If you have at least 30,000 people living in a town that has good transport links, many employers, good amenities and plenty of demand to rent rooms, you’ve probably found a great area for HMOs. Now you need to find a smaller area within your area!
- Speak to local agents and ask them which area or areas they recommend you get HMOs (and which areas to stay away from).
- Find out where the existing local HMO landlords have property by getting your licensed HMO list from your council website.
- You can buy HMOs further away from where you live but it is vital to have a great team on the ground so they can oversee your properties for you.
BEST MOMENTS
‘If you are doing Rent2Rent HMO find a goldmine area that is close to you. No more than an hour away’
‘I spent the first two weeks walking the streets, plotting the tube stations and bus stops, and where the shops and amenities are to build my local knowledge’
‘Our goldmine area is no more than half a mile across making it easy to manage’
If you enjoyed this episode of The HMO Experience Property Podcast, PLEASE don’t forget to subscribe & share this podcast!
Make sure you rate & review the podcast HERE - thank you :)
CONNECT WITH THE HMO EXPERIENCE
- Subscribe on YouTube - https://www.youtube.com/channel/UCnFoaXd-do8eTxZniWrcKhA/featured
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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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