The HMO Experience Property Podcast

Nov 23 2020 31 mins 21

If you are unsure about how to generate income from Rent2Rent HMO or investing in HMO property, The HMO Experience Property Podcast will help. Listeners love the knowledgeable & entertaining way Matt Harris, Jamie Madill and Steve Mitchell bring you practical advice about how to start and scale your own HMO property business so that you can create job-replacing income. Matt, Jamie and Steve share their expertise & experiences in applying Rent2Rent and HMO property investing tactics that will help you generate income fast and gain financial freedom with your own portfolio of HMO properties.





054 | “There’s more to life than working” - Interview with Rick Cuisimano, Experience Property Investor Series
Nov 23 2020 33 mins  
RESOURCE LINK Buy Jamie’s new book, “The HMO Blueprint” on Amazon TODAY! (https://www.amazon.co.uk/dp/1838538089?ref=myi_title_dp) 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 host Steve Mitchell interviews Rick Cuisimano as part of our Experienced Investor Series. Rick is based in Chesterfield and chats about his journey from being a managing director for an IT software business to going full time into property investing. Rick shares how the birth of his first daughter was a turning point for him and his wife to re-evaluate their lives and take a gamble on property investing, which has massively paid off! Rick now provides turnkey solutions for property investors looking for buy to let, HMO and flat development opportunities. Tune in to and join us for an insightful episode of The HMO Experience Property Podcast! EPISODE HIGHLIGHTS Introduction [00:00 – 03:10] The Pivotal Moment [03:10 – 07:07] Challenges Post Employment [07:07 – 10:20] Keeping It In The Family [10:20 – 15:20] Divide & Conquer [15:20 – 20:19] Building Your Business [20:19 – 28:44] Rapid Fire Questions [28:44 – 33:49] KEY TAKEAWAYS Replacing your paid employment income takes longer than you think it will so transition your income rather than having to Know your investment area Working with family can work especially if you have complimentary skills Start with the end in mind. Plan your business as to what it will be like in 3-5yrs time and then work backwards Doing the bigger projects is more exciting but it is underpinned with successes and challenges from lots of smaller projects ABOUT OUR GUEST Rick and his wife Sophie own and operate Dovedale Property Lettings in Chesterfield. They offer a completely bespoke investment package to each investors needs, including turnkey solutions, lettings + management and HMO development. To contact Rick: Email: [email protected] Phone: 07779226568 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience CONNECT WITH THE HOST Steve Mitchell - https://www.facebook.com/vivocolettings --- Send in a voice message: https://anchor.fm/thehmoexperience/message


#53 | THANK YOU, Happy Anniversary + some AMAZING GIFTS FOR YOU!
Nov 16 2020 75 mins  
RESOURCE LINK Buy Jamie’s new book, “The HMO Blueprint” on Amazon TODAY! (https://www.amazon.co.uk/dp/1838538089?ref=myi_title_dp) 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 The HMO Experience Property Podcast team celebrate their one year anniversary, thanks to you - all of our listeners (and watchers)! Your host Matt Harris breaks down the previous 52 episodes (See Key Takeaways) before Jamie Madill, Steve Mitchell and Matt recap their best bits from the previous 52 episodes. All three answers questions from The HMO Experience community before announcing two AMAZING opportunities for all listeners: An Anniversary Bundle of Free Resources for everybody who  subscribes to The HMO Experience Property Podcast YouTube channel between 16 - 22 November 2020! Head over and subscribe HERE! The chance to win a FREE Mastermind session for 5 lucky listeners who subscribe to the podcast on their favourite platform and post a screenshot of their subscription on The HMO Experience Property Podcast Facebook page in the next 48 hours!! The winners will be announced on Facebook Live at 1pm  on Wednesday 18th November 2020! Make sure you tune to celebrate this anniversary and get in with the chance of winning some amazing prizes! EPISODE HIGHLIGHTS Introduction [00:00 – 04:30] An Unusual First Year [04:30 – 09:00] Jamie Best Bits [09:00 – 22:00] Steve Best Bits [22:00 – 31:47] Matt Best Bits [31:47 – 44:50} Q&A From You [44:50 – 45:35] Big Give Away [62:29 – 69:15] #StevesFinalWord [69:15 – 71:56] #JamieLastComment [71:56 – 75:05] 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message



052 | What if I don’t have time for HMO property investing…?
Nov 09 2020 43 mins  
RESOURCE LINK Buy Jamie’s new book, “The HMO Blueprint” on Amazon TODAY! (https://www.amazon.co.uk/dp/1838538089?ref=myi_title_dp) 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) Find out more about Wealth Dynamics (https://www.wealthdynamics.com/) IN THIS EPISODE Your host Matt Harris chats with Jamie Madill about the fourth biggest challenge that you guys in The HMO Experience community have highlighted - not having any time for HMO property investing!! In this episode Matt and Jamie cover everything from mind-set, where + how you can find some extra time, finding the right people to work with and identifying joining venture partners you can leverage to help you along your HMO property investing journey. EPISODE HIGHLIGHTS Introduction [00:00 – 04:20] Transitioning Into Property [04:20 – 08:40] If I Knew Then What I Know Now [08:40 – 13:25] Time Management is the Key [13:25 – 17:07] Focusing On The Critical Stuff [17:07 – 21:50] Leveraging Other People & Skills [21:50 - 25:30] Identifying Potential Business Partners [25:30 – 40:30] Jamie’s Last Comment [40:30 – 43:49] KEY TAKEAWAYS Moving into property full time takes planning, managing your time and self-motivation. Analyse your time to identify what you actually do during the day. You can colour code the activity to see what you’re spending time on. Identify what time can be dropped or swapped and re-allocated to your property actions. There are unlimited resources out there to help you get the knowledge. Leverage free resources first before you start investing in your property journey. 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ CONNECT WITH THE HOSTS Matt Harris - https://linktr.ee/iammattharris Jamie Madill - https://www.facebook.com/jamiemadillproperty/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


051 | Looking to finance your next HMO property purchase? Interview with Marc Champ at Wharf Financial
Nov 04 2020 46 mins  
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 host Jamie Madill interviews Marc Champ about Marc’s journey from Lloyds Bank to setting up his own brokerage Wharf Financial. Marc is a longtime contributor to The HMO Experience community and has helped provide access to a range of facilities including development finance, bridging loans and residential + commercial property finance whilst delivering exemplary services to all of his clients. If you want the lowdown on an exceptional financial solutions provider, make sure you check out this episode of The HMO Experience Property Podcast. EPISODE HIGHLIGHTS Introduction [00:00 – 01:45] Getting into Finance [01:45 – 06:50 Old Banks & Challenger Banks [06:50 – 18:07] Stepping Out Into The Light [18:07 – 32:10] Packaging Up & Presenting [32:10 – 36:40] Growing & Scaling in Uncertain Times [36:40 – 39:25] How Can A Broker Help You? [39:25 – 42:00] Random Questions [42:00 – 46:12] KEY TAKEAWAYS If you have a good track record lenders will give better rates so protect your financial reputation A great broker will search the market to find the best finance solution for the project. In uncertain markets don’t over borrow and take sensible financial decisions Always deal with professionals and research your team to ensure they have the relevant experience BEST MOMENTS “History often repeats itself so if you want an idea of how things pan out take a look at the past” “Banks & lenders are like boats, trying to get things changed takes time” “It’s very rare that we can’t help a client find a suitable finance solution” 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience CONNECT WITH THE HOSTS Matt Harris - https://linktr.ee/iammattharris Jamie Madill - https://www.facebook.com/jamiemadillproperty/ Steve Mitchell - https://www.facebook.com/vivocolettings --- Send in a voice message: https://anchor.fm/thehmoexperience/message


050 | The HMO Blueprint book launch celebrating our 50th episode
Oct 26 2020 39 mins  
RESOURCE LINK Buy Jamie’s new book, “The HMO Blueprint” on Amazon TODAY! (https://www.amazon.co.uk/dp/1838538089?ref=myi_title_dp) The HMO Experience Website (http://www.thehmoexperience.co.uk/) Download the 11 Steps to Running a 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 host  Matt Harris interviews co-host Jamie Madill about the launch of his new book - “The HMO Blueprint” in celebration of the 50th episode of The HMO Experience Property Podcast. Jamie talks about his journey over the last 7 years of  HMO property  investing and how that lead to the writing of this book, the benefits that readers will get from reading it - including his 4F model and the secrets to scaling up your HMO property business and the amazing launch day bonuses that are available if you buy the book today (26th October 2020!). Don’t miss this fantastic episode and make sure you head over to “The HMO Blueprint” book launch site to buy your copy today :) KEY TAKEAWAYS Buy The HMO Blueprint Read The HMO Blueprint Implement The HMO Blueprint Leave a review on Amazon for The HMO Blueprint Subscribe to The HMO Experience Property Podcast! THE HMO BLUEPRINT BOOK LAUNCH ON 26TH OCTOBER 2020 Jamie Madill, co-host of The HMO Experience Property Podcast, is launching his brand new book “The HMO Blueprint” TODAY and you could win some amazing prizes by buying the book on Amazon - https://www.amazon.co.uk/dp/1838538089?ref=myi_title_dp 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ CONNECT WITH THE HOSTS Matt Harris - https://linktr.ee/iammattharris Jamie Madill - https://www.facebook.com/jamiemadillproperty/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


049 | There has to be a value exchange in any Joint Venture - Interview with Alex Sapala
Oct 19 2020 30 mins  
RESOURCE LINK Sign up to the pre-launch notification list for Jamie’s new book, “The HMO Blueprint” here (https://www.thehmoblueprint.co.uk/hmobook) The HMO Experience Website (http://www.thehmoexperience.co.uk/) Download How to find your First HMO Property 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 hosts Steve Mitchell kicks off our “Seasoned Investor” series with an interview with Alex Sapala - former corporate banker turned property investor. Alex chats about his background in corporate banking and how he ended up choosing property investing to achieve financial freedom. He also explains why there has to be a value exchange when forming a joint venture and why training was an important part of his evolution as a property investor. Don’t miss this fantastic episode and make sure you head over to our website to download The Ultimate Guide to Funding your HMO Property Business as an accompaniment to this episode as well. EPISODE HIGHLIGHTS Introduction [00:00 – 01:58] City Hustling [01:58 – 06:10] Working Out My Big Why [06:10 – 08:47] Dipping My Toes Into Property [08:47 – 12:40] Starting Out With Property Investing [12:40 – 15:20] Transitioning into HMO property [15:20 – 20:00] Putting Knowledge Into Practise {20:00 - 30:36] KEY TAKEAWAYS Spend time focusing on what your big why is to help frame your life journey There are people in property who have money but not time then you can sell your solutions to others but only of you have the knowledge Always have a Plan B if your Plan A doesn’t materialise Implement your systems at the beginning of your journey. It' so much easier BEST MOMENTS “You don’t really have control of where your career goes…so I wanted to take control of my earnings into my own hands” 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 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience --- Send in a voice message: https://anchor.fm/thehmoexperience/message


048 | The Ultimate Guide to Funding your first HMO Property
Oct 12 2020 47 mins  
RESOURCE LINK Sign up to the pre-launch notification list for Jamie’s new book, “The HMO Blueprint” here (https://www.thehmoblueprint.co.uk/hmobook) The HMO Experience Website (http://www.thehmoexperience.co.uk/) Download How to find your First HMO Property 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 hosts Matt Harris and Jamie Madill tackle the third biggest challenge identified in The HMO Experience community - how to fund your first HMO property deal! It’s all well and good building the knowledge and finding your first property, but how do you finance your first deal once you’ve done all the hard work? Don’t forget to download The Ultimate Guide to Funding your HMO Property Business as an accompaniment to this episode as well. EPISODE HIGHLIGHTS Introduction [00:00 – 03:30] Using Your Own Cash - [03:30 – 09:13] Leveraging Bank Lending [09:13 – 26:15] Bridging Loans [26:15 – 34:15] Working With Joint Venture Partners – [34:15 – 45:00] Jamie’s Last Word [45:00 – 48:04] KEY TAKEAWAYS Using your own cash where you can is the most cost effective way of purchasing property, as you don’t have the interest cost to fund. Independent finance brokers have access to whole of market products. Your broker needs to be flexible and creative to ensure that you get the best finance options If you’re going to work with other peoples money ensure that you understand the FCA requirements so you don’t get into trouble BEST MOMENTS “Money is relatively cheap right now so check out the best rates you can get by leveraging your broker” “When using bank finance ensure that you have access to a really good independent finance broker" “Use cash where you can as it’s the most cost effective way to finance your projects” 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 CONNECT WITH THE HMO EXPERIENCE Subscribe on YouTube - https://www.youtube.com/channel/UCnFoaXd-do8eTxZniWrcKhA/featured Follow Us on Facebook - https://www.facebook.com/thehmoexperience CONNECT WITH THE HOSTS Matt Harris - https://linktr.ee/iammattharris Jamie Madill - https://www.facebook.com/jamiemadillproperty/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


047 | 3 valuable nuggets to help you find your first HMO property to purchase
Oct 05 2020 34 mins  
RESOURCE LINK Sign up to the pre-launch notification list for Jamie’s new book, “The HMO Blueprint”  here (https://www.thehmoblueprint.co.uk/hmoboo The HMO Experience Website (http://www.thehmoexperience.co.uk/) Download How to find your First HMO Property 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 hosts Matt Harris and Jamie Madill continue the theme of finding your first or next property, but this time for purchase and to convert into an HMO. If you’re thinking about buying and converting into HMO but are stuck with where to find the right property, this episode of The HMO Experience Property Podcast is the one for you! 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 – 03:34] How to Find a Deal to Purchase [03:34 – 12:40 Dealing with Property Sourcing Companies [12:40 – 15:10] Leveraging Agents to Find Deals [15:10 – 23:37] Going Direct To Property Owners [23:37 – 30:25] Jamie’s Last Comments [30:25 – 34:38] KEY TAKEAWAYS Set up your online property portal alerts & notifications to get instant opportunities delivered to your inbox. Ensure you understand what your perfect deal criteria is. Knowing how a property squares up against your      perfect criteria will help your decision making process. If you’re going to use a sourcing or dealing packaging company ensure you complete your own due diligence.      Don’t rely on the numbers presented as being correct. BEST MOMENTS “I like to look at deal sourcers packages to check them out…. but always do your own due diligence” "We record all the properties that fit our deal criteria and enter them into our pipeline to follow up at a later date.” 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 “We try and differentiate ourselves to make us memorable….we go in regularly and build rapport withagents.” Subscribe on YouTube - https://www.youtube.com/channel/UCnFoaXd-do8eTxZniWrcKhA/featured Follow Us on Facebook - https://www.facebook.com/thehmoexperience CONNECT WITH THE HOSTS Matt Harris - https://linktr.ee/iammattharris Jamie Madill - https://www.facebook.com/jamiemadillproperty/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


046 | 7 practical tips for finding your first Rent to Rent HMO Property
Sep 28 2020 42 mins  
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 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 · Follow Us on Facebook - https://www.facebook.com/thehmoexperience · Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ CONNECT WITH THE HOSTS Matt Harris - https://linktr.ee/iammattharris Jamie Madill - https://www.facebook.com/jamiemadillproperty/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


045 | “I started with rent to rent in 1982!” Interview with David Clouter
Sep 21 2020 25 mins  
RESOURCE LINK 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) Sign up for your Property Money Machine online training + your amazing bonuses RIGHT HERE (https://www.hmotraininglondon.com/hmoexperiencepmm) 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” If you enjoyed this episode of The HMO Experience Property Podcast, make sure you rate & review the podcast HERE - thank you :) Subscribe on YouTube - https://www.youtube.com/channel/UCnFoaXd-do8eTxZniWrcKhA/featured Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ CONNECT WITH THE HOSTS Steve Mitchell - https://www.facebook.com/vivocolettings --- Send in a voice message: https://anchor.fm/thehmoexperience/message



044 | I sent out 1,800 letters before getting a response - then two came along at once! Steffan Gaisie #RisingStar
Sep 14 2020 33 mins  
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 Steve Mitchell kicks off the #RisingStar series on The HMO Experience Property Podcast by having a chat with Steffan Gaisie about life after professional football, launching a wine business and educating himself before starting his HMO experience with rent to rent property portfolio in South West London. Tune in to this episode as Steffan shares his story and how with the right guidance, resources and support, you can start your own HMO experience too! EPISODE HIGHLIGHTS Introduction [00:00 – 02:00 Time before property [02:00 – 08:30] Getting the knowledge [08:30 – 11:50] Choosing a strategy [11:50 – 14:00] A dose of reality and London buses [14:00 – 20:30] The feeling of achievement [20:30 – 25:00] The future [25:00 – 29:00] Rapid fire questions [29:00 – 33:21] 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ CONNECT WITH THE HOSTS Matt Harris - https://linktr.ee/iammattharris Steve Mitchell - https://www.facebook.com/vivocolettings --- Send in a voice message: https://anchor.fm/thehmoexperience/message


043 | 5 Top Tips on how to start your HMO experience
Sep 07 2020 29 mins  
RESOURCE LINK 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) Sign up for your Property Money Machine online training + your amazing bonuses RIGHT HERE (https://www.hmotraininglondon.com/hmoexperiencepmm) IN THIS EPISODE Your podcast hosts Matt Harris and Jamie Madill tackle the second biggest challenge raised by the The HMO Experience community, which is how to actually start your HMO property journey! One thing that most people fail to do is plan what they want to achieve in the first 12/24 months, how to convert that plan into actionable steps and what resources they need or already have available to them. If you’re stuck on how or where to start your own HMO experience, then this is definitely the episode you need to listen to! EPISODE HIGHLIGHTS Introduction [00:00 – 02:10] What is the next step once you have your knowledge? [02:10 – 10:50] Knowledge is not power [10:50 – 15:00] Procrastination [15:00 – 19:06] Who is holding you accountable? [19:06 – 23:10] What goes around comes around [23:10 – 30:27] KEY TAKEAWAYS Work backwards. Once you have worked out how much income you need/want then divide the potential net monthly income of one house into your number and that is the number of property you need. Break your actions down into manageable chunks. Don’t plan the whole year just focus on the next 90 days and then break that down into monthly, weekly and daily tasks. Procrastination is a killer. The more you put yourself in the way of opportunity the luckier you will be. It’s impossible not to succeed if you focus on taking action. Go for no. Don’t be afraid of rejection. It’s almost a certainty. No doesn’t necessarily mean no. It means not right now. BEST MOMENTS “The one thing I regret is to read less and implement more.” “Knowledge is not power. It’s potential power. To know and not to do is not to know” “Do whatever you can consistently. As soon as you stop you lose momentum” If you enjoyed this episode of The HMO Experience Property 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ CONNECT WITH THE HOSTS Matt Harris - https://linktr.ee/iammattharris Jamie Madill - https://www.facebook.com/jamiemadillproperty/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


042 | Is a lack of knowledge stopping your own HMO experience?
Aug 31 2020 35 mins  
RESOURCE LINK 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) Sign up for your Property Money Machine online training + your amazing bonuses RIGHT HERE (https://www.hmotraininglondon.com/hmoexperiencepmm) IN THIS EPISODE: Your podcast hosts Matt Harris and Jamie Madill tackle one of the main challenges The HMO Experience community face when starting out with property investing journey - a lack of knowledge! If you’re looking to start or have recently started your own HMO experience, do you know what you want to do? Do you know how you want to get there? Most importantly, how are you educating yourself and what resources are you using to learn more about HMO property investing? These are just some of the question we answer on this episode of The HMO Experience Property Podcast! EPISODE HIGHLIGHTS Introduction [00:00 – 03:27] Decide what it is that you want [03:27 - 09:36] Finding Free Information [09:36 – 15:18] The Difference Between Learning & Doing [15:18 – 25:30] Investing in Your Education [25:30 – 31:02] Jamies’ Last Word – [31:02 – 36:14] KEY TAKEAWAYS Research your chosen path. There are lots of free resources online; e-books, video, event discovery days that are no cost or low cost sources of information. So kick off your knowledge acquisition with free information before you start paying for information. The reality is that your individual journey will be different to yours; either buying HMO or doing Rent2HMO. Having access to people who have travelled the road before you will help navigate any bumps you may face. Investing in your education will give you more detailed information. Ensure that you work with people who have succeeded; and failed, in the HMO market so you can learn the positives and the negatives Lack of knowledge or getting the wrong knowledge could put you in a difficult position. Ensure that you cross check your information to make sure the information you are receiving is correct and valid. Leveraging multiple sources of information is vital to embed your learning If you enjoyed this episode of The HMO Experience Property 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the  CONNECT WITH THE HOSTS Matt Harris - https://linktr.ee/iammattharris Jamie Madill - https://www.facebook.com/jamiemadillproperty/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


041 | Six Essential Steps To Take When Working With Investors
Aug 24 2020 38 mins  
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 of MiRentCo London and Jamie Madill of Jamie Madill Property take a deep dive into investor compliance and the key things you need to be aware of when starting to work with prospective investors. From FCA Regulations to the difference between joint venture & loan agreement, if you’re about to start working with your first investor then this episode of The HMO Experience Property Podcast is definitely one for you. EPISODE HIGHLIGHTS Introduction [00:00 – 05:32] Types of Investors & How You can Work With Them [05:32 – 13:00] Your Investor Checks and Documentation [13:00 – 16:45] Types of Security You Can Offer for Funding [16:45 – 22:10] Structuring Your Joint Ventures [22:10 – 34:27] #JLC - Jamies Last Comment - [34:27 – 38:16] KEY TAKEAWAYS Working with funds from third parties is a regulated activity in the UK overseen by the FCA. Check out their website www.fca.org Unsophisticated lenders are limited to loan arrangements in the UK. This is because it is generally accepted that the concept of a loan is widely understand.  Sophisticated lenders can enter into profit share arrangements because it is generally accepted that they have a greater understanding of risk and reward as well as loan arrangements When entering into any financial arrangement it is hight recommended that it is correctly documented just in case things go wrong. The cost of not having an appropriate legal document to cover most eventualities could run into the hundreds of thousands of pounds. Get a solicitor to do this for you. Most private lenders will want security in place in the event that the loan defaults. If you are also taking our bank lending then a first charge won’t be available. Alternative security could be offered in the form of a restriction, 2nd charge or personal guarantee 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ CONNECT WITH THE HOSTS Matt Harris - https://linktr.ee/iammattharris Jamie Madill - https://www.facebook.com/jamiemadillproperty/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


040 | Looking for investors? Try these 5 marketing tips to attract more TODAY ;)
Aug 17 2020 40 mins  
RESOURCE LINK 1. The HMO Experience Website (http://www.thehmoexperience.co.uk/) 2. Download the 11 Steps to Running your successful HMO Property Business and other FREE RESOURCES (http://www.thehmoexperience.co.uk/resources-page) 3. Sign up for weekly hacks and tips for starting and scaling your HMO Property Business (https://www.thehmoexperience.co.uk/subscribe) IN THIS EPISODE You will pick up some SUPER USEFUL hints, tips and tricks about attracting potential investor for your HMO Property Business! Your podcast hosts Matt Harris and Jamie Madill share how they attracted their current investors and give you some useful insights and tactics that you can start using now as you look for your first investor. Tune in and join us for an insightful episode of The HMO Experience Property Podcast! EPISODE HIGHLIGHTS Introduction [00:00 – 04:40] How we started leveraging investors [04:40 – 13:30] Making yourself visible on social media [13:30 – 18:40] Using networking meeting to find investors [18:40 – 24:43] Where to go to find investors? [24:43 – 29:02] What supporting information do you need? [29:02 – 40:13] KEY TAKEAWAYS 1. Marketing yourself to investors might seem like a scary proposition. You may have some self-doubts or limiting beliefs but at the end of the day they are people just like us.  2. It’s never been easier to market yourself or your services to the world. Social media platforms like Facebook, LinkedIn and YouTube provide you will a global reach for little or no money. The key is providing valuable information and content that helps others whilst positions you as an expert.  3. People buy people. So, it’s unlikely you’ll develop a relationship with a potential investor or JV partner sitting behind your computer screen. You have to get out there. Check out local property networking events like Progressive Property Network, as well as general business or special interest networking. 4. Investors come in all shapes and sizes with different interests. They could be immediate family or friends on the one hand to people you have never met before. Identifying where potential investors or JV partners hang out is a key skill. Any they are probably closer than you think. 5. Having credible information to support your project or company is vital if you want to come across as professional. Think about your image and branding. Having a professionally designed and produced company brochure or project document will make you stand out. 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 · Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ CONNECT WITH THE HOSTS Matt Harris  Jamie Madill  --- Send in a voice message: https://anchor.fm/thehmoexperience/message


039 | Six Actions to Take When Marketing To Landlords
Aug 10 2020 36 mins  
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 and Jamie Madill chat about the number of different avenues you can use in order to market to landlords for your rent to rent HMO Property Business, including HMO lists, Social Media, Email Marketing and Guerilla Marketing. Are you currently stuck on implementing suitable marketing tactics to attract your first or next landlord? Then this is definitely the episode of The HMO Experience Property Podcast for you! EPISODE HIGHLIGHTS Introduction [00:00 – 03:50] Keeping It Simple and Be Clear [03:50 – 00:00] Traditional Direct Marketing to Landlords [06:50 – 15:54] Online Marketing [15:54 – 23:41] Email Marketing, CRMs [23:41 – 27:50] Connecting at Networking Events - [27:50 – 30:02] Out of the Box Marketing- [30:02 – 33:55] Jamies Last Comment - [33:55 – 36:50] KEY TAKEAWAYS A confused mind will never buy. Ensure that your messaging, benefits and offer is very clear otherwise it will generate more questions that provide the answers that your prospective clients want. Be innovative in your marketing. Don’t just promote your service but consider providing valuable content in your letter and online campaigns. Not all landlords will have the same level of knowledge as you and your communication can help to advise, educate and inform as well as promote your services. Set yourself a direct marketing budget each month based on what you can afford. It will need to cover the cost of supplies, printing and distribution. You can check out services like Stannp.com for a fully outsourced service or do it yourself. Be creative with your online marketing presence. Start off with one channel; Facebook, for example, and build from their once mastered. Ensure your content is informative and content rich. This is a great way to position yourself as an expert in your field with your potential audience. If you are reaching out to contacts via email marketing ensure that you are familiar with GDPR rules and guideline. 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 Follow Us on Facebook  Join us online EVERY Third Wednesday of the month CONNECT WITH THE HOSTS Matt Harris - https://linktr.ee/iammattharris Jamie Madill - https://www.facebook.com/jamiemadillproperty/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


038 | What is The 10 Pillars of Trust and how can you use it to attract investors?
Aug 03 2020 41 mins  
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 of MiRentCo London and Jamie Madill of Jamie Madill Property discuss how to create marketing collateral that actually works for your rent to rent HMO property business, when you’re looking to target to landlords and agents. The key is using a framework called The Ten Pillars of Trust. “What is it?” you might be asking! Well, tune in to this episode of The HMO Experience Property Podcast to find out. EPISODE HIGHLIGHTS Introduction [00:00 – 02:04] What’s In The 10 Pillars Of Trust [02:04 – 05:16 Your Logo – [05:16 – 07:32] Mission Statement [07:32 – 10:42] The Story [10:42 – 15:47] Your Team [15:47 – 21:20] Track Record & Testimonials [21:20 – 29:20] Touch Points [29:20 – 31:00] Core Offer [31:00 – 32:30] Compliance [32:30 – 35:10 Contact Details [35:10 – 39:47] KEY TAKEAWAYS Getting your message across to a potential new client or investor is essential. Using a tried and tested framework to ensure all the essential information is conveyed in a logical and professional way will support your overall message. Using the Ten Pillars Of Trust concept means you don’t have to invent a information or message structure yourself. Leveraging the ten component parts to the document will help you shape your message and what your can offer. Having this document prepared professionally is highly advantageous. This document represents you and your company. Microsoft Clipart simply won’t do. Consider using a graphic designer to help create your brand identity. Draw your experience from all the whole of your life. Most skills we learn are transferrable so leverage your corporate or employed experiences, expertise and knowledge to help position you in front of your new clients, prospects and investors. Be clear in your communication. Having reams of words will make getting your messaging across clunky and confusing. Less is more and use good graphics and imagery to tell your story. 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  Follow Us on Facebook CONNECT WITH THE HOSTS Jamie Madill - https://www.facebook.com/jamiemadillproperty/ Matt Harris - https://linktr.ee/iammattharris --- Send in a voice message: https://anchor.fm/thehmoexperience/message


037 | The 6 Most Common HMO Pitfalls You NEED To Be Aware Of!
Jul 27 2020 43 mins  
RESOURCE LINK 1. The HMO Experience Website (http://www.thehmoexperience.co.uk/) 2. 11 Steps to Running your successful HMO Property Business and other resources (http://www.thehmoexperience.co.uk/resources-page) 3. Sign up for weekly hacks and tips for starting and scaling your HMO Property Business (http://www.thehmoexperience.co.uk/) IN THIS EPISODE Your podcast hosts Matt Harris and Jamie Madill deep dive into the 6 most common pitfalls people are afraid when starting on their HMO property journey and what steps you can take to avoid making them. If you’re looking to start your own HMO property journey, make sure you prepare yourself properly by listening to this episode of The HMO Experience Property Podcast. EPISODE HIGHLIGHTS Introduction [00:00 – 03:50] Pitfall 1: Understanding The Regulations [03:50 – 09:32] Pitfall 2: HMO’s Are An Advanced Business Model [09:32 – 14:50] Pitfall 3: Will It Make A Profit [14:50 – 18:22] Pitfall 4: HMO’s Are Too Expensive [18:22 – 26:25] Pitfall 5: The Market Is Saturated [26:25 – 33:55] Pitfall 6: HMO’s Are Too Much Hard Work [33:55 – 40:10] KEY TAKEAWAYS There are pros and cons in everything we do. It’s a question of acquiring knowledge and applying that knowledge to gain an advantage and achieving the goals we want to achieve whether that be just one purchased HMO property or building a management company looking after hundreds of properties. Once you understand the subject matter, the uncertainty and perceived risks begin to disappear with the increase in knowledge. You still need to be mindful of the risks and being a little anxious is always good as it keeps you alert and on your toes. The main concerns around HMO’s are the regulations that govern HMO property and managing multiple customers in one property. If you set out with a good business approach and leverage and systemise as much as you can as early as you can it very quickly turns into a low touch and profitable business without huge capital requirements Selecting the right properties and client landlords to work with is essential to building a profitable business partnership. If you have too demanding or needy client landlords then the level of management required reduces your operational efficiency and has the knock on of reducing profitability The main pitfall to avoid on Rent2Rent is not over stating the income or understating the costs just to make a deal work. Use a good deal analyser and ensure you take the emotion out of the assessment of the opportunity Finally, people get concerned over being able to fill the property with good customers. If you offer the best service and have the best product (room) and charge a fair price (value) then you will get a lot of interest. It is a time honoured function of successful businesses. If you enjoyed this episode of The HMO Experience Property Podcast, please don’t forget to subscribe, tune in and share this podcast! CONNECT WITH THE HMO EXPERIENCE • Subscribe on YouTube - https://www.youtube.com/channel/UCnFoaXd-do8eTxZniWrcKhA/featured • Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ CONNECT WITH THE HOSTS Matt Harris Jamie Madill --- Send in a voice message: https://anchor.fm/thehmoexperience/message



036 | The Best Apps To Help With Your HMO Property Business!
Jul 20 2020 35 mins  
RESOURCE LINK The HMO Experience Website (http://www.thehmoexperience.co.uk/) 11 Steps to Running Your Successful HMO Property Business and other resources, including our Handy HMO App Guide (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 Are you looking for some useful apps to help with your HMO property business? Your podcast host Matt Harris of MiRentCo London and Jamie Madill of Jamie Madill Property discuss the apps and tech platforms that they use within their HMO property businesses and those which you can start using today to help with your business. Make sure you tune in to this episode and head over to The HMO Experience Resource Page to download the Handy HMO App Guide! EPISODE HIGHLIGHTS Introduction [00:00 – 03:35] Finance Apps [03:35 – 08:34] Operations Apps [08:34 – 22:56] Marketing & Customer Communications [22:56 – 25:26] CRM’s & Mailing Lists [25:26 – 32:46] Jamie Last Word – [32:46 – 35:11] KEY TAKEAWAYS There are lots of apps and tech out there that can help you run your business. Each has a slightly different feature set. Make sure you select an app that will do the job you need to do and don’t make compromises as it will restrict you as you grow your business. The main areas that you can systemise focus around, marketing, finance, operations and communications Try low cost or no cost apps first before spending money on subscription services. If you have to spend on subscription services, then focus on getting a good property management and finance software package first. When selecting an app, ensure that it is collaborative, meaning that other members of your team can access and use the app with all the same functionality. After all this is the main reason why you want to leverage tech and apps. Before getting your team members to use the app, ensure that you understand its functionality first before training your team members. Or delegate this functionality to one of your team members and get them to train the others. Ensure that the app compliments your processes and adds value. Have a clear idea about what you want to the app to achieve and how it is to perform before implementing it in your business. BEST MOMENTS “We started off by literally working with email and Excel spreadsheets to manage, not only was the money coming in of course, but obviously what all of our costs and expenses were" If you enjoyed this episode of The HMO Experience Property Podcast, please don’t forget to subscribe, tune in and share this podcast! CONNECT WITH THE HMO EXPERIENCE Subscribe on YouTube - https://www.youtube.com/channel/UCnFoaXd-do8eTxZniWrcKhA/featured Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ CONNECT WITH THE HOSTS Matt Harris - https://linktr.ee/iammattharris Jamie Madill - https://www.facebook.com/jamiemadillproperty/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


035 | How Do I Systemise My HMO Property Business
Jul 13 2020 29 mins  
RESOURCE LINK 1. The HMO Experience Website (http://www.thehmoexperience.co.uk/) 2. 11 Steps to Running your successful HMO Property Business and other resources (http://www.thehmoexperience.co.uk/resources-page) 3. Sign up for weekly hacks and tips for starting and scaling your HMO Property Business (https://www.thehmoexperience.co.uk/subscribe) IN THIS EPISODE Are you looking to scale your HMO property business? Do you have the right foundations in place to help your growth? Your podcast host Matt Harris of MiRentCo London chats with Jamie Madill of Jamie Madill Property about the essential process and procedures you need to have in place in order to grow your team and scale your HMO property business. If you’re looking to systemise your HMO property business and build your team as you prepare to grow, make sure you listen to this episode of The HMO Experience Property Podcast. EPISODE HIGHLIGHTS Introduction [00:00 – 03:15] Why Should We Systemise Our Business [03:15 – 13:20] What Standard Tasks Can You Outsource [13:20 – 22:40] Where Do I Start? [22:40 – 25:30] How Do I Hand Tasks Over To My team [25:30 – 28:38] KEY TAKEAWAYS If you want to scale your business think about setting up your systems and processes early on so that you can benefit from the efficiencies of standardising your business form the beginning Start by making a list and mapping out your business step by step; going into as much detail as possible, so you get the overall picture of what happens in your business Your goal is to ensure that you focus on the high value tasks of revenue generation and business performance and task the lower value actions to members of your team To identify what tasks you should focus on. Calculate what your personal rate per hour is and anything that is less you should look to task to a member of your team. Hand over tasks to your team members in bitesize chunks to ensure that have understood and know how to complete the task accurately. Handing over a task with no training will result in that task coming back to you prematurely or complete task failure. BEST MOMENTS “The sooner you do this, the better and more resilient your business will be, the more profitable it could be if you do this well, and you can get your time back, which is much more important to many, many people." "The ideal scenario is that you keep yourself in the sort of central function of overseeing the business, but all the other tasks are leveraging out from the people" IF YOU ENJOYED THIS EPISODE OF THE HMO EXPERIENCE PROPERTY PODCAST, PLEASE DON’T FORGET TO SUBSCRIBE, TUNE IN AND SHARE THIS PODCAST! CONNECT WITH THE HMO EXPERIENCE Subscribe on YouTube - https://www.youtube.com/channel/UCnFoaXd-do8eTxZniWrcKhA/featured Follow Us on Facebook - https://www.facebook.com/thehmoexperienc Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ CONNECT WITH THE HOSTS Matt Harris - https://linktr.ee/iammattharris Jamie Madill - https://www.facebook.com/jamiemadillproperty/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


034 | 7 Top Tips for building a great relationship with Landlords
Jul 06 2020 36 mins  
RESOURCE LINK The HMO Experience Website (http://www.thehmoexperience.co.uk/) 11 Steps to Running your successful HMO Property Business and other 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 Communication is key to any relationship - whether it’s communicating with the housemates in your HMO property or communicating with a landlord about their property when taking on a rent to rent. In this episode of The HMO Experience Property Podcast, your hosts Matt Harris and Jamie Madill take a deep dive into communicating with landlords when proposing and taking on rent to rent properties. If you’re looking for some useful nuggets around rent to rent and discussing this strategy with a prospective landlord or building trust & confidence in an existing relationship - this episode of The HMO Experience Property Podcast is definitely for you. EPISODE HIGHLIGHTS Introduction  Managing Your Client Relationships  Consider Your Service Offering  What additional Service Could You Offer  Think About Building A Community  Pivoting Your Business Communicating Tips with Your Landlord  Jamie Last Comment  KEY TAKEAWAYS Communication is very important when you are speaking with landlords and owner about your service. If the landlord isn’t interested in guaranteed rent then find out if you can offer them a different service to build trust and confidence. Think about what other services you could offer to clients that complement what you currently offer to generate additional revenue. It may be that the owner has a specific issue with managing their properties and that’s where you come in If guaranteed rent isn’t viable for the landlord, then consider offering a traditional form of lettings management. The advantage is that you don’t have to guarantee a payment and you still get revenue into your business. Sending your landlord clients, a report on the property in terms of the number of cleans, maintenance and inspections will build trust and confidence in the relationship. If they are portfolio landlords, then you may be able to win additional business form them to grow your company Ask your client landlords for referrals to win additional business. Using testimonials as part of your marketing will generate third party validation of your service. Of course, you can only do this if you truly deliver exceptional service. If you enjoyed this episode of The HMO Experience Property Podcast, please don’t forget to subscribe, tune in and share this podcast! CONNECT WITH THE HMO EXPERIENCE Subscribe on YouTube - https://www.youtube.com/channel/UCnFoaXd-do8eTxZniWrcKhA/featured Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ CONNECT WITH THE HOSTS Matt Harris Jamie Madill --- Send in a voice message: https://anchor.fm/thehmoexperience/message


THE LOST EPISODE 030 | The 6 things you need to know about key management for your HMO Property
Jun 30 2020 28 mins  
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 Hi guys - this episode SHOULD have gone out on 6th June and we have since managed to find the right edition of the episode to publish! Thanks to all of you who provided feedback about the original episode 30 that was published, which we managed to lose :) As was originally intended, in this episode podcast host Matt Harris of MiRentCo London talks with Steve Mitchell from The HMO Company about the six important points you need to know about key management for your HMO property. Whether you're looking for a suitable key system for your rent to rent HMO or converting your own property into a HMO, this episode of The HMO Experience Property Podcast is the one for you so make sure you tune in! EPISODE HIGHLIGHTS Introduction [00:00 – 02:00] General Key Management [02:00 – 08:23] Key Management Solutions [08:23 – 16:20] Master Key Systems [16:20 – 18:35 Digital & Mechanical Locks [18:35 – 24:27] The Final Word [24:27 – 27:52] KEY TAKEAWAYS When you take on at property for Rent2Rent ensure that you have all the keys for all the rooms, internal and external doors on signing your agreement. Ensure that you sign for all the keys with your landlord or agent so that you are not charged for lost keys. Ensure that when you provide your customer with a set of keys the customer signs for them. Also consider asking the as part of the check in processes to use the keys to unlock and lock their bedroom door, front door and rear door so that they are familiar with how to use the keys. There are different key management solutions from key safes to digital locks and master keys. Each have their own pros and cons just make sure you know what solution is best for you. Lock boxes are great, but you have to ensure that you don’t forget the code. Consider using memorable numbers like your family birthdays or anniversaries and ensure that you rotate the codes periodically or when a customer or trades person has accessed the box. Master keys are great for key management as you only have one key to hold. They are more expensive to install and replace. Having one key to access all your properties makes life super simple. If you are looking at digital or wi-fi enabled locks then ensure that the power supply is checked and consider a back-up plan if there is a power failure or the wi-fi is disabled. 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 :) --- Send in a voice message: https://anchor.fm/thehmoexperience/message


033 | You need to know these 3 things about Emergency Call Outs!
Jun 29 2020 30 mins  
RESOURCE LINK The HMO Experience Website (http://www.thehmoexperience.co.uk/) 11 Steps to Running your successful HMO Property Business and other 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 Being prepared for any kind of emergency is vital to ensure your customers get a 5-star service. We all tend to think about the regular call outs like a boiler going down but what if one of your customers has a medical emergency or the police are involved? In this episode of The HMO Experience Property Podcast, Matt Harris of MiRentCo London talks with Steve Mitchell of Vivoco Lettings and Property Management, about their experiences with dealing with and putting in place proactive policies to deal with emergency call outs in their HMO properties. If you’re looking to brace yourself for the world of dealing with emergency call outs in your HMO property, make sure you tune in to this episode of The HMO Experience Property Podcast! EPISODE HIGHLIGHTS Introduction [00:00 – 03:06] The Boilers Gone Down [03:06 – 10:00]  Leverage the Professionals [10:00 – 15:26]  Irrational Fears [ 15:26 – 17:03] Calling 999 – [17:03 – 26:09] The Final Word – [26:09 – 29.25] KEY TAKEAWAYS It’s very important that you have a plan and process for all eventualities so that you know what to do immediately rather than creating a plan on the fly. Knowing what you need to do and the steps you or your team need to action will continue to build customer loyalty in a testing time. Having regular checks on the items that can go wrong it essential to spot potential issues before they go wrong than always waiting and being reactive to solve problems when they go wrong. Should you have to call the ambulance service then ensure Always to take next of kin details as part of the move in process so that should you need to contact someone on behalf of your customers then you have all the information to hand. Understanding the root cause of a callout is critical to ensure that the issue doesn’t happen again. Being able to resolve issues so they don’t occur again to improve the customer service experience is something that will set you apart from the competition. Read and understand the Housing Health & Safety Rating System [HHSRS] so that you understand what you are required to monitor. Having good paperwork and paper trail relating to the issue and how you implemented improvements across your business will stand you in good stead. If you enjoyed this episode of The HMO Experience Property Podcast, please don’t forget to subscribe, tune in and share this podcast! CONNECT WITH THE HMO EXPERIENCE Subscribe on YouTube - https://www.youtube.com/channel/UCnFoaXd- do8eTxZniWrcKhA/featured Follow Us on Facebook - https://www.facebook.com/thehmoexperience  Join us online EVERY Third Wednesday of the - https://www.facebook.com/ ProgressivePropertyStPancras/ CONNECT WITH THE HOSTS Matt Harris  Steve Mitchell  --- Send in a voice message: https://anchor.fm/thehmoexperience/message


032 | How to take care of Rats, Mice & Bed Lice in your HMO property!
Jun 22 2020 30 mins  
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 Whether it be the sound of rodents scraping around under the floorboards stopping you sleeping at night or the tell tail red bumps of bed lice bites! Matt Harris of MiRentCo London talks with Steve Mitchell of Vivoco Lettings and Property Management, about their experiences with handling pests! From putting in place proactive policies & steps to mitigating and stopping pest infestations on the properties they manage for themselves and on behalf of his clients, saving them thousands of pounds of avoidable costs every year. So tune in, sit back as we explore the world of pests and pest control in this episode of The HMO Experience Property Podcast! EPISODE HIGHLIGHTS Introduction [00:00 – 02;11] Getting into bed with Bed Lice [ 02:11 – 7:00] Dealing With Bed Lice [07:00 – 10:57] Treating the Infestation & Customer Care [10:57 – 17:05] Dealing with Rats & Mice – [17:05 – 23:24] Local Council Solutions [23:24 – 27:01] The Final Word – [27:01 – 29.22] KEY TAKEAWAYS When you get a report of pest infestations make sure you know what you are dealing with. Get photographic evidence so that you know what you are dealing with If you are purchase used furniture and brining that into to your HMO ask if the furniture has been treated for pest infestation. Get this in writing. Act quickly of you get a report of bed lice as they tend to migrate to other parts of the property if not treated immediately When we approach the holiday season, send out notices to your customers reminding them about bed lice and infestations and ask them to dry clean their cloths that they take on holiday before they unpack when they get home. Identify a great pest control company as part of your power team so that when you need them you have a go to contact rather than having to spend time looking for a great company. Create a step by step process to be able to deal with potential infestations in your property. Ensure to include customer communications in that process and keep customers updated as to the resolution to reassure them If it’s going to be a hot summer, send notices to customers reminding them about waste management and bin management to ensure rodents and flies are not being encouraged into the house or onto the property. Enjoyed this episode of The HMO Experience Property Podcast? Make sure you subscribe & share the podcast! CONNECT WITH THE HMO EXPERIENCE Subscribe on YouTube - https://www.youtube.com/channel/UCnFoaXd-do8eTxZniWrcKhA/featured Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


031 | How to keep drains unblocked in your HMO property!
Jun 15 2020 27 mins  
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 Drains. No one likes them and they are a bit of an after thought. But when one gets blocked it can cause no end of problems, issues and expense if not treated properly. In this episode of The HMO Experience Property Podcast, Matt Harris of MiRentCo London talks with Steve Mitchell of Vivoco Lettings and Property Management, a Bedford & Northampton based boutique HMO management company, about his experiences with dealing with and putting in place proactive policies and steps to reduce the number of blockages which saves his customers thousands of pounds of avoidable costs every year. So tune in, sit back as we explore the world of blockages and drain management in this episode of The HMO Experience Property Podcast! EPISODE HIGHLIGHTS Introduction [00:00 – 01:35] DIY Drain Clearance [01:35 – 09:09] Getting In The Professionals [09:09 – 15:03] Setting Expectations With Your Customers [15:03 – 17:33] Don’t Forget About External Drain Covering [17:33 – 20:53] The Final Word – [20:53 -22:15] KEY TAKEAWAYS Blockages are preventable if you set out the rules and make customers aware of the causes of blockages so that they can be prevented. This would include things like not scraping food down the toilet [especially in en-suites], and wet wipes Blockages should be dealt with by professionals and not by amateurs. Having the right equipment is essential to clearing the blockage properly and not causing damage to the drainage system. Leveraging British Gas Landlord cover to include a drains service with Dyno-Rod is an essential service to have especially with larger +5 bed HMO properties. Make clearing your shower wastes with drain un-blocker part of your regular house maintenance routine to prevent build up and potential future issues. Ensure you use the right drain un-blocker for the right job. Kitchen blockages are mainly going to be fat based so an fat enzyme based liquid is better whilst showers are likely to be a build-up of hair conditioner and loose hair so a different enzyme based product will be required. If you enjoyed this episode of The HMO Experience Property Podcast, please don’t forget to subscribe, tune in and 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the month at PPN St Pancras - https://www.facebook.com/ProgressivePropertyStPancras/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


030 | The 6 things you need to know about key management for your HMO Property
Jun 08 2020 27 mins  
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 of MiRentCo London talks with Steve Mitchell from The HMO Company about the six important points you need to know about key management for your HMO property. Whether you're looking for a suitable key system for your rent to rent HMO or converting your own property into a HMO, this episode of The HMO Experience Property Podcast is the one for you so make sure you tune in! EPISODE HIGHLIGHTS Introduction [00:00 – 02:00] General Key Management [02:00 – 08:23] Key Management Solutions [08:23 – 16:20] Master Key Systems [16:20 – 18:35 Digital & Mechanical Locks [18:35 – 24:27] The Final Word [24:27 – 27:52] KEY TAKEAWAYS When you take on at property for Rent2Rent ensure that you have all the keys for all the rooms, internal and external doors on signing your agreement. Ensure that you sign for all the keys with your landlord or agent so that you are not charged for lost keys. Ensure that when you provide your customer with a set of keys the customer signs for them. Also consider asking the as part of the check in processes to use the keys to unlock and lock their bedroom door, front door and rear door so that they are familiar with how to use the keys. There are different key management solutions from key safes to digital locks and master keys. Each have their own pros and cons just make sure you know what solution is best for you. Lock boxes are great, but you have to ensure that you don’t forget the code. Consider using memorable numbers like your family birthdays or anniversaries and ensure that you rotate the codes periodically or when a customer or trades person has accessed the box. Master keys are great for key management as you only have one key to hold. They are more expensive to install and replace. Having one key to access all your properties makes life super simple. If you are looking at digital or wi-fi enabled locks then ensure that the power supply is checked and consider a back-up plan if there is a power failure or the wi-fi is disabled. 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience --- Send in a voice message: https://anchor.fm/thehmoexperience/message



029 | 5 Reasons Why Regular Inspections Are Important for your HMO Property!
Jun 01 2020 38 mins  
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 our weekly newsletter packed full of HMO Hacks & tips for starting and scaling your HMO Property Business (https://www.thehmoexperience.co.uk/subscribe) IN THIS EPISODE Your podcast host Matt Harris of MiRentCo London talks with Steve Mitchell from The HMO Company about  the top 5 reasons why regular inspections are so important for your HMO property in order to keep your housemates, customers and tenants safe.  This episode of The HMO Experience Property Podcast is a deep dive into one of the key areas of operation for your HMO property so make sure you tune in! EPISODE HIGHLIGHTS Introduction [00:00 – 01:40] Importance of Regular House Checks [01:40 – 10:25] Apps for Checklists [10:25 – 12:45] Compliance & Audit Requirement [12:45 – 22:40] Resolving issues Quickly [22:40 – 29:30] Getting on Top of Waste Management [22:40 – 32:30] Getting Your HMO License [32:30 – 38:29] KEY TAKEAWAYS Regular house checks will identify small maintenance jobs that can be dealt with quickly and easily by your handyman. Rectifying these small jobs quickly will provide a better service to your customers and less costly than if allowed to escalate into bigger repair jobs. Creating a check list of things to check will keep your inspections consistent and will allow you to task the job to other people in your team when you have them. Consider using an App to store your checklists so that you can link in your team and create an audit trail of your house checks. Ensure that you are aware of the regulatory and compliance requirements especially in relation to fire alarm checks & maintenance, electrical safety and gas safety checks. Monitor what maintenance issues happen in your properties. If you start to see a trend than look for a solution to rectify. One such example is putting hair catchers into shower trays to prevent blockages. Build up a small stock of consumable items like lightbulbs, drain un-blocker, hair catchers that can be installed during the house checks rather than having to go back to resolve these issues quickly. 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


028 | 3 Things You Need To Know About Protecting Your Property Assets
May 25 2020 23 mins  
RESOURCE LINK The HMO Experience Website (http://www.thehmoexperience.co.uk/) 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 host Steve Mitchell of The HMO Company talks with Martin Lunn from specialist asset protection company ProtectionSupermarket.co.uk about the three things you need to know about protecting your property assets. Make sure you protect your property assets by tuning in to this insightful episode of The HMO Experience Property Podcast! EPISODE HIGHLIGHTS Introduction [00:00 – 00:47] What Is Asset Protection? [00:47 – 03:03] Death And Taxes! [03:03 – 07:11] It’s Not Just For Portfolio Landlords [07:11 – 10:34] Can I Protect My Assets Via A Company? [10:34 – 12:35] Is There An Ideal Time To Do This? [12:35 – 14:00] What is A Trust? [14:00 – 19:36] Get Personal With Your Insurance Broker [19:36 – 22:45] KEY TAKEAWAYS Critical Illness is a key cover that many entrepreneurs and self-employed people don’t think about. Critical Illness cover provides income for you and your family if you become incapacitated and unable to earn an income. This cover acts as a back stop to your inability to generate income. Ensure that you review your property protection policies frequently to ensure that you have adequate cover and that you are not overpaying for your protection. Also consider if any property alterations or extensions have been added to your policy cover and not left off and are not covered. Check that your HMO insurance policies have an adequate malicious damage cover should the worst happen. Don’t skimp on this area of cover. Key person insurance is simply life insurance on the key person in a business. In a small business, this is usually the owner, the founders or perhaps a key employee or two. These are the people who are crucial to a business, the ones whose absence would sink the company. ABOUT OUR GUEST Martin Lunn is the director of ProtectionSupermarket.co.uk, an asset protection company providing cover for Life Protection, Mortgage Protection and Critical Illness Cover.  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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience  Join us online EVERY Third Wednesday of the month - https://www.facebook.com/ProgressivePropertyStPancras/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


027 | 7 Things you NEED TO KNOW about Evictions for your HMO Property
May 18 2020 40 mins  
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 host Matt Harris of MiRentCo London & Steve Mitchell of The HMO Company talk about the 7 things you need to know about the eviction process for housemates, customers, tenants from your HMO property. Having trouble with removing tenants from your HMO property? This episode of The HMO Experience Property Podcast is definitely for you so make sure you tune in!  EPISODE HIGHLIGHTS Introduction [00:00 – 02:50] Handling The Stress of Eviction [02:50 - 14:30] Understanding the Eviction Process [14:30 – 17:18] Consider Using Rent Guarantee Insurance [17:18 – 22:22] Always Go With Your Gut Instinct [22:22 – 30:15] Accept The Loss Or Debt Recovery? [30:15 – 40:26] KEY TAKEAWAYS Ensure that you have a clearly defined process and trigger points regarding your non-payment of rent. Once you have hit that trigger point then act and move forward with the eviction. Being a member of a professional trade body such as the RNLA with a legal helpline so that you can check your actions to ensure that you are not breaking any regulations relating to eviction. Understand the whole process of eviction before you start the process of eviction. Decide whether you are going to serve notice yourself or whether you will employ a professional service such as Landlord Action to manage the process for you. Consider taking out a Rent Guarantee Insurance policy with legal cover so that the eviction process is carried out by your insurance companies legal team. Consider whether it is worth investing more money chasing down small amounts of debt or whether it is better to focus on getting new customer and get the rent coming in again. Have a trigger point where you will make a conscious effort to chase outstanding debt. Ensure that your documentation is absolutely accurate if you decide to pursue the debt. If it goes to court you will be required to demonstrate all documentation has been properly completed and served in accordance with legislation. 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


026 | What do I do if my housemates don't pay their rent and run up MASSIVE arrears??
May 11 2020 25 mins  
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) NRLA Membership (https://www.rla.org.uk/join/join-form.shtml?membertype=landlord) IN THIS EPISODE Your podcast host Matt Harris of MiRentCo London & Steve Mitchell of The HMO Company talk about all things related to non-payment of rent and rent arrears. Are you struggling with tenants not paying their rent? This episode of The HMO Experience Property Podcast has some really useful nuggets for you to implement straight away. EPISODE HIGHLIGHTS Introduction [00:00 – 02:00] Is Non-payment of rent a common thing? [02:00 – 04:30] When & how should we escalate non-payment of rent? [04:30 – 10:04] Rent Reminders & Documentation [10:04 – 14:00] Harassment – Avoid this at all costs [14:00 – 22:49] Join a professional trade body [22:49 – 25:09] KEY TAKEAWAYS Keep your rent paid records and administration up to date so that you know where you are with your customer payments. Look to automate the ret collection process as much as possible through apps like GoCardless Ensure that you have a detailed process of customer communication that escalates as the rent late days increase. Ensure that the timings between the communications are sufficient so that it is not confused with harassment Should your customers continue to be unresponsive then use the Citizens Advice Guide to County Country Judgement so that your customers are fully aware of the consequences of non-payment of rent. Should you need to have sensitive conversations with customers consider using a neutral venue. Ensure that your communications are direct and not on group channels. Ensure that you keep all records of communication between you and the customer. Join a professional trade body like the RNLA so that you have access to their legal advice line. Check in regularly when you have potential legal actions to ensure that you are complying with current legislation. 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


025 | How good is the rent collection strategy for your HMO property?
May 04 2020 30 mins  
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 host Matt Harris of MiRentCo London & Steve Mitchell of The HMO Company talk about all things related to rent collection strategies & systems that will help with regular monthly cashflow for your HMO property. Are you looking to standardise and automate the rent collection for your HMO property? This episode of The HMO Experience Property Podcast is definitely one you need to listen to! EPISODE HIGHLIGHTS Introduction [00:00 – 00:58] Rent Collection Systems [00:58 – 09:11] Rent Collection Dates [07:40 – 11:45] Customer Communications [11:45 – 21:34] Taking Advanced Rent Payments [21:34: 30:19] KEY TAKEAWAYS Good rent collection strategy starts with good customer selection. Most inability to pay comes from your customers spending habits or insecure employment circumstances. Systems are now available to be able to automate your rent collection process. Our favoured rent collection system is GoCardless which can be integrated with other CRM & accounts systems. For adhoc payments you can use applications like iZettle & PayPal to take payment through your phone. Consider taking rent payments from the 1st of the month rather than across the month. For part months; such as the first payment, charge a day rate up until the 1st of the month and then go onto the monthly rent plan. Create standard communications to remind customers who have not paid rent within a defined period of time. BEST MOMENTS “The one that I favour is an app called GoCardless. So this is a direct debit system. Once we’ve accepted a customer, we put them onto the GoCardless app, it sends them a link, they just click a little button, put in their payment details and then its set up.” “The great thing is that if they cancel their direct debit, I get a little notification on my phone”. “Because we set the expectation that everyone pays after the first of the month, we expect by the fifth of the month everyone to be in”. 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


024 | The 7 BEST APPs to keep your housemates HAPPY :)
Apr 27 2020 14 mins  
RESOURCE LINK The HMO Experience Website (http://www.thehmoexperience.co.uk/) 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) Find out more about Vaboo (https://vaboo.co.uk/) Sign up for a free trial of Arthur Online (https://www.arthuronline.co.uk/) IN THIS EPISODE Your host Matt Harris of MiRentCo London & Jamie Madill from Jamie Madill Property talk about all things related to communicating with and managing your housemates/customers/tenants using a variety mobile apps and online platforms. Are you looking to for more efficient communication systems to communicate with your housemates? Tune in to this episode of The HMO Experience Property Podcast! EPISODE HIGHLIGHTS Introduction [00:00 – 00:58] Good Customer Service Starts With Communication [00:58 – 09:11] Offer Additional Benefits [09:11 – 13:48] KEY TAKEAWAYS Excellent customer service starts with good communication. Ensure you have easy and efficient channels of communication with your customers. Consider setting up a WhatsApp group for your individual houses and a company-wide group for general communications More formal communications or formal individual messages should be in. writing. Email is probably the best format for this but ensure you have read and delivery receipts. Consider personal messages for birthday messages and annual celebrations with a small gift will build a good strong relationship with your customers. Ensure that your responses to customer queries are dealt with quickly. If you can’t resolve the issue immediately then be proactive with your communications. BEST MOMENTS “With Vaboo, your customers get some extra freebies in return for giving you some feedback, which you could then use to either improve your service, or if its great feedback, then use that in your marketing.” “One of the things that we like Arthur Online for is that not only are all the housemates or customers connected together with Arthur, but so are our power team. So our painters, our decorators, our locksmith, our carpenter for example, our window cleaner, our house cleaner, they’re all connected.” 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


023 | Why you SHOULD NOT use Agents to find Housemates for your HMO Property!
Apr 20 2020 17 mins  
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 host Matt Harris of MiRentCo London chats with Jamie Madill from Jamie Madill Property about the pros and cons of using estate and letting agents to market the rooms and find your housemates, customer or tenants for rooms in your HMO property.  There are plenty of useful nuggets in this episode of The HMO Experience Property Podcast so get your pen and paper ready for notes :) EPISODE HIGHLIGHTS Introduction [00:00 – 01:12] Benefits Of Using Agents [01:12 – 08:55] Expanding Your HMO services [08:55 – 16:41] KEY TAKEAWAYS Using experienced HMO agents will either give you time back to focus on higher value priorities or allow you to invest away from where you live . make sure there is enough cash flow in the deal to pay the agent and ensure they are experienced in managing HMO property. Find out what checks your agent will do on your behalf. Even if you outsource the management to a responsible agent you are still liable for the compliance of the HMO license for your property. Once you have experience running successful HMO property, why not consider offering your services to other HMO landlords to increase your business services and revenue streams. BEST MOMENTS "You really do need to make sure that you know the margins are there on your HMO property if you are going to outsource this whole process to an agent to make it viable for you.⁠" "From a cost point of view, I've, I've seen HMO letting agents quote anywhere from 10% plus VAT to 20% plus VAT⁠." "Falling foul of the regulations or if the council come knocking then both you and the agent could be liable for any breaches." 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ CONNECT WITH THE HOSTS Matt Harris - https://linktr.ee/iammattharris Jamie Madill - https://www.facebook.com/jamiemadillproperty/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


022 | 5 SUPER EASY Steps to Check In Your Housemates :)
Apr 14 2020 18 mins  
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 of MiRentCo London & Jamie Madill from Jamie Madill Property talk about all things related to moving your housemates, customers or tenants into our HMO’s rooms. Tune in and join us for another insightful episode of The HMO Experience Property Podcast! EPISODE HIGHLIGHTS Introduction [00:00 – 01:12] 10 Step Check In Process [01:12 – 12.20] Interaction with Your Customers [12:20 – 17:17] KEY TAKEAWAYS Ensure you activate you Rent Guarantee Insurance policy BEFORE your customer moves in Get your customers to initial each page of your Assured Shorthold Tenancy (AST) so that there is an accurate and agreed copy of the contract If you are taking deposits ensure that you issue the prescribed information of a valid gas safe certificate, EPC and the Government How To Rent booklet (make sure it’s the latest one) within the prescribed timeframe otherwise you may not be able to issue a Section 21 Ensure that you test the fire alarms/smoke detectors are functioning on move in and include this on your move in check list that you and your customer signs to confirm everything is working and in order Create a standard customer contract pack with all your documentation so that you don’t forget anything. BEST MOMENTS “We also ask them to complete a feedback form. As they look how has this experience been for you? What can we improve? What can we change to make this better next time?” “Once that customer has moved in and literally signed all the paperwork, we then send a templated email to all of the existing customers who are living in the house already saying this person’s moving in. Go and say hi. Go and walk them into the group. Just as a matter of courtesy to say they’re here.” “The good thing with GoCardless, we use it as well and is the customer housemate will get notification before a payment is taken." “Everything on ours is done online. So we have the movement checklist which all have the gas safe, the EPC, the how to rent guide or have the accommodation guidelines.” 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message



021 | To Take Deposits or Not To Take Deposits for Your HMO property??
Apr 06 2020 16 mins  
RESOURCE LINK The HMO Experience Website (http://www.thehmoexperience.co.uk/) 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 (http://www.thehmoexperience.co.uk/) For referencing and Rent Guarantee Insurance options, look at OpenRent and Advance Tenant Referencing. IN THIS EPISODE Your podcast Hosts Matt Harris of MiRentCo London & Jamie Madill from Jamie Madill Property talk about all things related to referencing & security deposits when checking housemates, customers and tenants into your HMO property.  Looking for some handy tips and tricks for simplifying this process then listen to this episode of The HMO Experience Property Podcast. EPISODE HIGHLIGHTS Introduction [00:00 – 01:00] Different Types of Rent Security [01:00 – 11:30] Referencing Options [11:30 – 16:10] KEY TAKEAWAYS The legislation changed in June 2018 which meant that agents can only take certain payments from the customer; a rent deposit equal to 5 weeks rent, a holding deposit that must be returned or deducted from the security deposit on move in, arrears fees and rental payments. Deposits must be deposited with a Government approved deposit holding scheme. It is illegal not to register the deposit with one of the approved schemes and it must be done within 30 days of the tenancy start date. Deposits can be held under an assured scheme (money is not in your bank account) or on an insured basis (money is held in your business client account) An alternative to deposits are Rent Guarantee Insurance (RGI) which is an insurance product based on the customer credit rating and their affordability to pay. RGI, depending on your policy, will cover rental arrears, damage and legal costs if you need to evict your customer. Policy cover varies but is normally between £25,000 and £50,000 cover per room. RGI policies are normally on a 12 month term which means that if your original customer stays in the room for 6 months and the second customer is in the room for the second 6 months, providing the second customer passes affordability and credit reference you don’t need to pay the policy premium again. If you take a deposit, then it must be returned at the end of the tenancy agreement. (more on that on a latter episode). 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


020 | How to Conduct the PERFECT HOUSEMATE VIEWING at your HMO Property!
Mar 30 2020 27 mins  
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) Check out the online scheduling platform https://youcanbook.me/ to book viewings straight into your calendar. IN THIS EPISODE Your hosts Matt Harris of MiRentCo London and Jamie Madill from Jamie Madill Property chat about all things related to arranging and conducting the perfect viewing at your HMO Property. Want to get your rooms filled fast? Make sure you tune in to this episode of The HMO Experience Property Podcast for some valuable nuggets which you can implement RIGHT NOW! EPISODE HIGHLIGHTS Introduction [00:00 – 01:35] Scheduling Your Viewings [01:35 – 07:01] Preparing The Viewing [07:11 – 08:20] Conducting The Viewing [08:20 – 16:20] Outsourcing The Viewing Process [16:20 – 22:18] Selling Your Rooms [22:18 – 27:09] KEY TAKEAWAYS We use a platform called YouCanBook.me and basically that integrates with your Google Calendar, I think if you use Microsoft calendar or whatever other calendar app you use. So we go through the same process. Once you’ve had replies on the SpareRoom, you get a mobile number, email address. Then we will go to YouCanBook.me, we will put those details on to our viewing page where we can pick a time, pick a time spot and once you’ve included the prospect & name, mobile number, email address and the property address, you press send. They then get a calendar invite which goes direct into their calendar. So clean, tidy, hoover it, make sure the kitchens been tidied too, have a quick wipe down, do some room spray. It’s all about painting the picture of trying to get your customers to maybe envision themselves living there. I think the key things that the elements which I feel people have responded to the most when I’ve been carrying out views is the WhatsApp group. They like the fact that the house will get checked regularly so that there’s a better instance of us picking something up before they have to tell us about something. So we’re then seen to be proactive in getting things sorted out. 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


019 | Get Your Rooms Filled Fast! How To Advertise Vacancies in your HMO Property
Mar 23 2020 27 mins  
RESOURCE LINK The HMO Experience Website (http://www.thehmoexperience.co.uk/) 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 host Steve Mitchell from The HMO Company, chats to Matt Harris of MiRentCo London and Jamie Madill from Jamie Madill Property, about all things related to advertising, selling your rooms and housemates/tenants/customers first contact. EPISODE HIGHLIGHTS Introduction [00:00 - 01:09]  Recap: Key Areas To Consider When Photographing Your Rooms [01:09 - 02:00]  How To Market & Advertise Your HMO Rooms [02:00 - 05:53]  Key Elements To Your Advertising [05:53 - 09:20]  Making Your Advertising More Visible [09:20 - 16:32]   Linking Your Advertising To Your Customer Experience [16:32 - 21:04]   Handling Non-Suitable Customer Applications [21:04 - 24:40] Summary: Key Advertising Actions [24:40 - 26:55]  KEY TAKEAWAYS Headlines are vitally important. Do something a bit different to make your headline stand out Photographs are vitally important. Ensure you have the best quality photographs you can produce either via a professional photographer or self- produced. Make your body text descriptive and conversational, Don’t list bullet after bullet point. Have a call to action at the end of the text telling the applicant what you would like them to do. If you enjoyed this episode of The HMO Experience Property Podcast, please don’t forget to subscribe and share this podcast! --- Send in a voice message: https://anchor.fm/thehmoexperience/message


018 | Is Room Staging worth the effort for your HMO Property?
Mar 16 2020 26 mins  
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 Steve Mitchell chats to Matt Harris of MiRentCo London and Jamie Madill from Jamie Madill Property about all things related to Staging Your HMO.  This episode includes some of the key things you need to consider when looking to stage your rooms ready for viewings, where you can get your staging equipment from and how to best present your rooms to prospective customers. EPISODE HIGHLIGHTS Introduction [00:00 - 00:50] Why Stage Your Property [00:50 - 06:29] Where Can You Get Your Staging Items [06:29 - 10:30] Getting The Best Out Of Your Rooms [10:30 - 17:00] Marketing Your Rooms [17:00 - 25:46] KEY TAKEAWAYS Staging your rooms doesn’t have to be expensive. You can pick up things like photo frames, fake plants, wall art and lamp shades from charity shops, IKEA, Matalan and The Range. Should I leave the staging equipment in the room for the customer? You can but if you have a standard colour scheme why not consider moving your staging equipment from one room to the next to help reduce costs. Making your rooms stand out as part of your marketing will help attract a good flow of enquiries. Having your rooms looking amazing when applicants come to view the property will help your sales conversions. Having professional photography of your rooms is the ideal. But you can take some good shots with your smart phone camera. Get creative with the angles and make sure you have plenty of light. There is nothing worse that a fuzzy, out of focus poorly lit room to turn off your applicants. 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ 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 --- Send in a voice message: https://anchor.fm/thehmoexperience/message


015 | Interview with James Quinn from Fusion Furniture Solutions
Mar 09 2020 43 mins  
RESOURCE LINK The HMO Experience Website (http://www.thehmoexperience.co.uk/) 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 Jamie Madill chats to James Quinn of Fusion Furniture Solutions about all things regarding furniture & furnishings for your HMO property .  This episode includes some of the key things you need to consider when looking to furnish your HMO property, whether for rent to rent or development. It also covers the furniture you should include in your HMO property and the difference between pre-assembled and flat pack furniture. EPISODE HIGHLIGHTS Introduction [00:00 - 01:25] How Not To Do Furniture [01:25 - 04:20] Flat Pack v Pre-Assembled Furniture [04:20 - 09:00] How Is Pre-Assembled Furniture Better? [09:00 - 11:50] Tailor Made Options [11:50 - 16:16] Is Pre-Assembled Right For You? [16:16 - 20:45] Is It Just Furniture I Need To Think About? [20:45 - 31:30] Is Pre-Assembled Furniture Expensive? [31:30 - 36:00] Who Are Fusion Furniture? [36:00 - 43:39] KEY TAKEAWAYS Flat pack furniture is massed produced and there is no bespoke element to it. If it’s not put together properly then the chances are that the product will fail and it will cost you more Factory pre-assembled furniture put together by experts who have the right skills and tools will be more durable. Not only can we supply you with the hard furniture but we'll also provide all your bedding, artwork, lamps, the throw and even little accent feature chairs that go into making a great room. Make sure that you plan your furniture well in advance and that it is appropriate for the room size. For smaller rooms, consider space saving designs like under bed storage or combination wardrobes and draws. BEST MOMENTS  “Putting together flat pack furniture requires a degree in civil engineering and likely to end in an argument” “We've also come up with something called the laptop station, which is basically a dresser without the drawers. You have enough room for a laptop, and a brew!" 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


017 | The Ultimate "Snagging Guide" for your HMO Property set up!
Mar 02 2020 27 mins  
RESOURCE LINK The HMO Experience Website (http://www.thehmoexperience.co.uk/) 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 HMO ‘snagging’ tips, which is the last, but very important, step in completing your refurbishment before renting out your rooms.  This episode covers all the little jobs that are so easy to miss but will always be spotted by your customers once they move in! Avoid the potential ‘agro’ by listening to this episode of The HMO Experience Property Podcast! KEY TAKEAWAYS Our snagging checks helps ensure that everything works correctly and is finished to the standard we expect before we advertise our HMO rooms. In all our businesses and properties, our mission is to provide excellent customer service because that's one of the things that we think differentiates us. Proving excellent customer service helps us get the better customers, and the better customers usually pay higher rent. Higher rent usually means more profit. So it’s a win-win for everyone – happy customers typically stay with you a long time and that’s good for business! It doesn’t matter is the house looks amazing, the one thing that your customer is always going to remember is the one thing that goes wrong – it might be that there’s no wi-fi, a missing light bulb, a blocked sink, or the hot water or heating is not working. All of these potential issues are preventable and that’s why the final snagging is so vital. It helps find potential problems before you customer moves in, and it minimises your ongoing maintenance efforts (which also saves you money) if you get everything right from the start. BEST MOMENTS “It doesn't matter if you get everything right and one thing wrong. That thing is what your customer's going to remember” “Your snagging list will get longer and longer, and that's not meant to sound daunting or onerous, it just saves so much time, and effort, and cost. down the line” 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ CONNECT WITH YOUR HOSTS  Matt Harris - HERE Jamie Madill - HERE Steve Mitchell - HERE --- Send in a voice message: https://anchor.fm/thehmoexperience/message


016 | Should You Buy or Lease Furniture for your HMO property?
Feb 24 2020 31 mins  
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) Connect with Andrew Aouthwood at Culbone Finance here: [email protected] IN THIS EPISODE Your podcast host Matt Harris talks with Jamie Madill & Steve Mitchell about how to pay for the furniture your HMO property. Buying brand new furniture for your HMO property could cost you a small fortune – what can you do if you don’t have the money? KEY TAKEAWAYS Jamie and Steve’s first few properties meant they had to buy all the furniture outright as they didn’t know any other option existed. They initially used a 0% credit card to spread the cost. Using the rental profit from the HMOs to pay off the card was a safe but very slow way to finance the growth of their Rent2Rent HMO portfolio. Later they found out the benefits of leasing furniture, meaning they spent little or none of their own funds to get every new HMO generating rental income. Then when they started buying and refurbishing their own HMOs, they found they could also use lease payments to finance some of the refurbishment works too. BEST MOMENTS “Our option was either to spend £7,000 cash from the business or spread the cost with a lease plan costing £200 plus VAT per month" “You could claim the tax back – that’s a saving of 20%” “In my head it’s similar to leasing a car, right?“ If you enjoyed this episode of The HMO Experience Property Podcast, please don’t forget to subscribe, tune in and share this podcast! CONNECT WITH THE HMO EXPERIENCE Subscribe on YouTube - https://www.youtube.com/channel/UCnFoaXd-do8eTxZniWrcKhA/featured Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ 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 --- Send in a voice message: https://anchor.fm/thehmoexperience/message


014 | The 3 Best Furniture Tips for Your HMO Property!
Feb 17 2020 38 mins  
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” 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ 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 --- Send in a voice message: https://anchor.fm/thehmoexperience/message



013 | Why is Interior Design Important for Your HMO Property?
Feb 10 2020 31 mins  
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) Want a copy of the Interior Design Manual? Buy it here (http://bit.ly/designmanualhmo) IN THIS EPISODE Your podcast host Jamie Madill interviews the highly successful interior designer, Jo Balston from Venture and Flourish, on how you can use effective design in your HMOs to attract the best customers to rent your rooms, boosting your income, and increase the value of your property. Looking to add great design to your HMO property rooms? Make sure you listen to this episode of The HMO Experience Property Podcast! KEY TAKEAWAYS Think about the design you want in your property at the beginning of the project, not at the end. Use Instagram for design inspiration. People looking for rooms to rent judge your advert in 2 seconds, and if the photos are good they’ll dwell for a maximum of 10 seconds to decide if they want to view it or not. So use design & good photography to attract as many potential customers as possible. Providing good quality designed rooms will make your property more desirable for tenants, often helping you to charge higher rent and increasing the value of your HMO property BEST MOMENTS “Don’t think ‘It’s a rental, I’ll go cheap!’, quality affects the durability of your property” “Design and staging can help increase the value of your property by 8%” “People don’t make enough of the communal space - stylise them so it becomes the hub of the house” ABOUT OUR GUEST Jo Balston is the founder of Venture and Flourish, and interior design business based in Hampshire, which focuses on large scale property developers that value interior design for their projects.  Contact Jo: [email protected] 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


012 | 3 Reasons Why Great HMO Property Design Matters!
Feb 03 2020 21 mins  
RESOURCE LINK The HMO Experience Website (http://www.thehmoexperience.co.uk/) 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 from MiRentCo London and Jamie Madill from Jamie Madill Property share their views on why great HMO property design matters to beat your competition for HMO rooms in your area, and how you can use it to attract the best housemates & customers to rent your rooms. Tune in and join us for a value packed episode of The HMO Experience Property Podcast! KEY TAKEAWAYS We aim to make our HMO rooms are the best they can possibly be. The key reason for that is if you can provide better quality rooms, you will attract the best customers, they'll want to stay in your HMO rooms longer, and they might even pay you higher rent. We rent out our rooms at up to 41% higher than the average in our area. We recommend you follow three key design principles from Dieter Rams to improve your HMO rooms; small touches of colour make the whole rooms look more colourful; use timeless design touches and good quality materials that are long-lasting; and use innovation to not only make your HMO rooms more appealing to your customers, but also to save you ongoing running costs. Using these design tips means your customers should stay with you longer, which gives you some predicability in your rental income. It also means the upkeep costs in your HMO rooms can be minimal as they are more likely to respect the property. BEST MOMENTS “Think about long-term value, not short-term cost” “Steve worked out that the cost of a digital thermostat saves you more in lower heating bills than the cost of the unit within 12 months. So it's just worth it.” “We’ve just started introducing Netflix to our houses and it has had a great response, because it's an added little bonus which doesn’t cost much, and makes our housemates feel that they're valued because we're giving them something extra” 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ 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 --- Send in a voice message: https://anchor.fm/thehmoexperience/message


011 | 5 Fool-proof Ways To Set Up Your HMO Property!
Jan 27 2020 26 mins  
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 from MiRentCo London and Steve Mitchell from The HMO Company talk about what you need to do once you’ve secured your first, or next, HMO property. The house might look amazing after any refurbishments that you’ve made, but does everything work? This is an area that many people think is complicated, but it’s not if you are organised and follow these suggestions so make sure you tune in to this episode of The HMO Experience Property Podcast. KEY TAKEAWAYS Following a simple process of getting the property ready for your first customers to rent your rooms means you reduce the stress for you, and you give your new customers a great first experience.  Your customers will always remember the one thing that doesn’t work after moving in. If there’s no wi-fi or a blown lightbulb in the bathroom that is far from ideal!  Using a checklist that reminds you to check everything means it eliminates the easy-to-forget things that can be missed when getting your HMO ready. One of the most important things you need to know is that the property is compliant.  This is to keep your customers safe so a fire risk assessment, gas safety check and electrical certification are paramount. An accurate record of all necessary information about the property, and what’s in it, will make your life easier too once it’s rented out.  This will help you in future if anything needs to be fixed. BEST MOMENTS 'We use a tripartite contract. We don’t want to be in a position where we’ve a contract with a third party who doesn’t even own the property.' 'The benefit of having a checklist is that anyone can follow it.' 'It takes us a week to get a property set up & ready to rent.' 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ CONNECT WITH THE HOSTS Matt Harris - https://linktr.ee/iammattharris Steve Mitchell - https://www.facebook.com/steve.mitchell.9843 --- Send in a voice message: https://anchor.fm/thehmoexperience/message


010 | Do you have a Power Team for your HMO Property Business?
Jan 20 2020 23 mins  
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 the pro’s & con’s of running your own HMO property or leveraging other people. They suggest you can do things the hard way, where you are trying to save money by doing everything yourself (which takes a lot of your effort and is stressful), or you can make things easier for yourself by delegating key tasks to others, helping you to not only get more done and scale your HMO business, but also getting your time back.  Looking to build your own ‘Powerteam’? Make sure you listen to this episode of The HMO Experience Property Podcast! KEY TAKEAWAYS When starting out it in HMOs it is tempting try to save money by doing everything yourself. This is often a false economy because you can often get more done and quicker by delegating tasks to people who are better qualified than you (and who might also be cheaper!). To help build your ’Powerteam’ it is recommended that you ask for recommendations from property people for all trades. You can do this on property Facebook groups and communities, from friends and family, and from property networking events BEST MOMENTS If you spend your time doing £10 tasks, you're never going to have enough time. You're going to feel overwhelmed. You won't be able to do the £100 pounds or £1000 tasks.’ ‘I remember Rob Moore sitting on stage and saying that you need to get people in your business early.  I thought that was wrong because you have to be able to pay for them. But I was looking at it completely the wrong way - if we had got people in sooner then I'm sure our business would have been bigger and stronger’. 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ 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 --- Send in a voice message: https://anchor.fm/thehmoexperience/message


009 | You Need To Do This To Get Your Offer Accepted for a HMO Property!!
Jan 13 2020 35 mins  
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 Matt, Jamie & Steve chat about putting in an offer and negotiating an offer from both a rent to rent and a property buying perspective. They provide you with some valuable nuggets around carrying out a deal analysis, getting to know your numbers and the importance of having good knowledge and leveraging your experience around your goldmine area, refurb costs and the rental level of your rooms. Don't miss out on this episode of The HMO Experience Property Podcast as it's packed full of useful nuggets! KEY TAKEAWAYS Don’t put a punt in when offering on a property because a punt when buying a property and you don’t really know the exact numbers means you may lose a lot of money. Make sure you know what the purchase costs are going to be, including stamp duty, broker fee, cost of finance and legal fees. Communication is key! As soon as people don’t hear from you they assume that you are not interested or that you are going to pull out. When you start chipping away at the gross rent with the ongoing monthly costs, you’re in a lot better territory to offer your target rental level. BEST MOMENTS "You have to do the numbers and get a deal analysis done on every property that you look at!" "If the property according to your numbers and deal analysis fits your criteria, that’s what you put your offer in for - whatever the numbers tell you." "In negotiation, knowing who you are dealing with, will definitely help!" "Try and get 25% below market value! It’s not impossible, but it’s difficult. With an HMO you can add value and refinance that out." 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ 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 --- Send in a voice message: https://anchor.fm/thehmoexperience/message


008 | The ESSENTIAL Viewing Tips for Buying a HMO Property
Jan 06 2020 17 mins  
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 asks Jamie Madill & Steve Mitchell questions around carrying out property viewings when you are looking to buy properties to convert into an HMO and finds out some useful hints and tips to bear in mind on your viewings.  If you are looking to buy potential properties for HMO conversions then this is definitely the episode of The HMO Experience Property Podcast for you! KEY TAKEAWAYS If your strategy is to buy a property and maximize the income without spending much money on the refurbishment, you can do that with a smaller property - a MiniMo - a small three bed terraced house and convert one of the downstairs rooms into a fourth bedroom and rent it out. If you want to buy a property and convert to HMO and maximize the value to refinance it once the works are done to pull as much money as possible and at the same time maximize rental income, you can look at a terraced house where you will have to really rip out everything internally and structurally change that. It's important to really get to know and build rapport and trust with your agent. You want to come across as being a very professional and have credibility, build trust and rapport with them. If you are looking to take on a three bed house for example, then convert that to a five or six or a bigger HMO. It is really important to know what the total footprint is because you will be using something like magic plan or your laser measurer to understand what that is. You really need to make sure before committing to buy and putting an offer in, you know what your build costs are going to be. BEST MOMENTS ‘We're often asked what does an ideal property look like and it really depends on what your strategy is.’ ‘Whether your strategy is to do the MiniMo route or indeed, the bigger conversion routes, you have to know what the current footprint of that property is.’ ‘Whether your strategy is to do the MiniMo route or indeed, the bigger conversion routes, you have to know what the current footprint of that property is.’ 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


007 | The 5 Essential Steps You NEED TO KNOW for your Rent2Rent HMO Property Viewing
Dec 30 2019 25 mins  
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 the 5 essential steps for a Rent2Rent HMO viewing. Get this right and you are more likely to beat your competition and secure properties quickly; get it wrong and you will probably lose lots of profitable opportunities in your area. Make sure you're spot on with your property viewings by tuning in to this episode of The HMO Experience Property Podcast. KEY TAKEAWAYS You need to prepare for your viewing before you turn up at the property, one of the most important things is to make sure your numbers stack up. It’s essential you need to know if the property is ‘fit for purpose’. If you are viewing an existing licensed HMO you will know that the room sizes are fine and the fire regulations have been complied with. On the other hand, if the property is a single-let then you need to know what’s needed to convert it. Have a good Power Team will help you understand the costs of any works that might be needed and you can use the cost of these in your rental negotiation with the agent or landlord. Checking things like flushing the lavatory, running the hot water and turning on the shower, gives you an indication that everything works. This will save you potentially costly maintenance jobs to get the property ready to rent out. You must document your viewing process so you can leverage the help of others, especially if you work otherwise you will miss Rent2Rent opportunities. BEST MOMENTS ‘We’ve looked at properties where it was possible to put up a stud wall to create another bedroom but we’ve turned those down as it’s often quicker and cheaper to get the property ready & rented out if you don’t need to do these works’. ‘If you don’t systemise your viewing process then you need to be present all the time. And that’s not always possible’. ‘Rent2Rent is about speed as you are in competition with others. You need to act quickly and put your offers in fast’ 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message


006 | The Best 3 Ways To Find HMO Property
Dec 23 2019 25 mins  
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 hosts Matt Harris, Jamie Madill & Steve Mitchell share the three best ways to find HMO property. Get this right and you are more likely to beat your competition and secure properties quickly; get it wrong and you will probably lose lots of profitable opportunities in your area. Make sure you don't miss out on potential HMO opportunities by tuning in to this episode of The HMO Experience Property Podcast! KEY TAKEAWAYS There are many online portals that can help you find suitable HMOs, some cover the whole country & others are London-specific. Set your search criteria on those portals such as location, price, number of bedrooms. You can outsource the online search to a virtual assistant. Once a week they can send you a list of suitable properties. Agents are then contacted via email on Monday, on Tuesday we have a follow-up call, and on Wednesday we send another email if the viewing hasn’t been set up yet. You can also write direct to landlords, using the licensed HMO landlord list from your council, either explaining you either want to buy their property or offer your Rent2Rent HMO service. When working with agents try and solve their perceived problems and focus on building trust and credibility with them. It’s about creating partnership that works with you both. Find landlords and agents who need your help at local property networking events such as Progressive Property Network (PPN). BEST MOMENTS ‘We set up alerts for 3 beds and above, and set the parameters such a price and location’ ‘Branding your landlord letters can help you stand out among your competition’ ‘I believe luck is created. Luck is where preparedness and opportunity collide’ 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ --- Send in a voice message: https://anchor.fm/thehmoexperience/message



005 | How to find the PERFECT Goldmine Area for your HMO Property Business!
Dec 16 2019 17 mins  
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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ 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 --- Send in a voice message: https://anchor.fm/thehmoexperience/message


004 | The 11 Steps You Need to Know for Running Your HMO Property Business
Dec 09 2019 24 mins  
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 Jamie Madill chats with Matt Harris of MiRentCo London about the eleven steps that are involved in running your profitable HMO property business. They include finding suitable property, working out your profit, tenant viewings, providing excellent customer service, and systemising the running of the property so you enjoy the income without needing to work hard.  Looking for steps to help you build a profitable HMO property business? Make sure you listen to this episode of The HMO Experience Property Podcast. KEY TAKEAWAYS Being up front with agents and landlords about what you do and how you can help them is the best approach to building a steady supply of good property. Using an email template to present your offers makes you look professional, it gives a detailed explanation of what you’re business will do and how it will look after the property. This helps build trust with agents and landlords. Have a property ‘on-boarding’ checklist to ensure you don’t miss anything, such as setting up wi-fi or checking the heating works. Great advertising fills your rooms quickly and you get paid rent faster. Open communication and great customer service helps you deal with issues faster, and keeps your customers happy meaning they stay longer. BEST MOMENTS ‘Honesty always wins, just saying look this is who I am and this is what we do, helps you start building rapport with agents’ ‘We use the rental profit to cover the furniture lease costs’ ‘If you provide great customer service, they will stay longer and you get paid more’ 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 Follow Us on Facebook - https://www.facebook.com/thehmoexperience Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/ 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 --- Send in a voice message: https://anchor.fm/thehmoexperience/message


003 | The 4 Things Your Must Know About HMO properties!
Dec 02 2019 24 mins  
RESOURCE LINK The HMO Experience Website (http://www.thehmoexperience.co.uk/) 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 the four things you must know about HMOs. They define what an HMO property is, how it’s different to Rent2Rent HMO and how you can use HMOs to build your long-term wealth & still get up to 7x the income from them versus a started Buy2Let rental property.  If you're interested in getting started with this strategy then this episode of The HMO Experience Property Podcast is packed full of  tips that you can use TODAY! Make sure you tune in :) KEY TAKEAWAYS Typically buying 3 bedroom houses (either a terraced house, a semi-detached or detached house) then redevelop them into 5 or 6 bedroom professional HMO properties, all with ensuite bathrooms. Getting these properties commercially revalued means often pulling out most, if not all, of the original funds within six months of purchase. Some people don't want to do extensive refurbishments, they simply want to buy buy a 3 bedroom property, and convert one downstairs reception room to another bedroom without adding ensuites. You can do these too with HMOs - some call these mini-HMOs. It’s a great strategy for rental income. BEST MOMENTS ‘Don’t buy an HMO on a single-let mortgage’ ‘It’s very simple to scale up to bigger properties because it’s just following the same principles’ If you enjoyed this episode of The HMO Experience Property Podcast, please don’t forget to subscribe, tune in and share this podcast! ABOUT THE HOSTS Matt Harris - Matt worked in-house legal in the City before practicing as a property lawyer in Mayfair. He swapped law for cleaning and set up The Organised Cleaning Company, followed by MiPropCo Leeds, a BTL investment company. Matt's latest business, MiRentCo London, provides multi-let management services for landlords & great co-living accommodation for young professionals in London. Matt is the co-host of The HMO Experience & PPN St Pancras and hosts his own YouTube channel shows. Follow Matt HERE Jamie Madill - After an 18 year career in advertising Jamie became a full-time property investor with a property portfolio of single-lets & HMOs and with Steve, they have created a successful Rent2Rent HMO business. Jamie is an international public speaker and co-founder of Progressive Property Network and co-host of PPN St Pancras. Follow Jamie HERE Steve Mitchell - Steve had a successful corporate career in finance and risk management before becoming a full-time property investor. He owns a portfolio of single-lets and HMOs. A black belt in Six Sigma (yes, really!), Steve is the project management and systems expert in the business. Steve is also Co-Host of his own London property networking event, PPN St Pancras. Follow Steve HERE --- Send in a voice message: https://anchor.fm/thehmoexperience/message


002 | What is Rent to Rent?
Nov 25 2019 26 mins  
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 hosts Matt Harris, Jamie Madill & Steve Mitchell define what Rent to Rent (Rent2Rent) is and how you can use this strategy to get job-replacing income FAST!! They talk about how Rent2Rent differs from buying HMO property, and how all three of them used this strategy to replace their corporate incomes and escape the rat-race.  Interested in finding out more? Make sure you tune in to this episode of The HMO Experience Property Podcast! KEY TAKEAWAYS Rent2Rent HMO is simply a property that you control and manage but don't own. You rent out the rooms individually and pay guaranteed rent every month to the owner or letting agent. Your profit is the rent you charge your customers for their room minus your costs (guaranteed rent payment plus bills). Some people confuse Rent2Rent with ‘sub-letting’. This is where the tenant is making money from renting out other rooms in the property, the extra rental income is not going back to the landlord, and the extra tenants are not on the tenancy agreement. This is not Rent2Rent HMO. We realised that there is a big difference between learning the theory of Rent2Rent on a course and the reality of setting up and running a business, that’s why we’re doing this podcast. If you enjoyed this episode of The HMO Experience Property Podcast, please don’t forget to subscribe, tune in and share this podcast! ABOUT THE HOSTS Matt Harris - Matt worked in-house legal in the City before practicing as a property lawyer in Mayfair. He swapped law for cleaning and set up The Organised Cleaning Company, followed by MiPropCo Leeds, a BTL investment company. Matt's latest business, MiRentCo London, provides multi-let management services for landlords & great co-living accommodation for young professionals in London. Matt is the co-host of The HMO Experience & PPN St Pancras and hosts his own YouTube channel shows. Follow Matt HERE Jamie Madill - After an 18 year career in advertising Jamie became a full-time property investor with a property portfolio of single-lets & HMOs and with Steve, they have created a successful Rent2Rent HMO business. Jamie is an international public speaker and co-founder of Progressive Property Network and co-host of PPN St Pancras. Follow Jamie HERE Steve Mitchell - Steve had a successful corporate career in finance and risk management before becoming a full-time property investor. He owns a portfolio of single-lets and HMOs. A black belt in Six Sigma (yes, really!), Steve is the project management and systems expert in the business. Steve is also Co-Host of his own London property networking event, PPN St Pancras. Follow Steve HERE --- Send in a voice message: https://anchor.fm/thehmoexperience/message


001 | Demystifying HMO Property So You Can Build Your Property Wealth
Nov 18 2019 22 mins  
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) THE FIRST EPISODE OF THE HMO EXPERIENCE PROPERTY PODCAST Introduces your hosts Matt Harris, Jamie Madill & Steve Mitchell. They explain how The HMO Experience Property Podcast will help anyone interested in making life-changing income and long-term wealth with investments in HMO property. Your hosts share their personal experiences about what they needed property to do for them, and how they used their HMO property business to replace their corporate job incomes. If you're looking for an opportunity to leave your 9 to 5 life behind to start and scale your own HMO property business, The HMO Experience Property Podcast is definitely for you! KEY TAKEAWAYS The key to deciding on a property business model is to focus on the end result. But what is the end result that you need? Our preferred strategy is HMO, where you take a property and simply renting out the rooms individually to maximize the income from that property. There are two ways to approach acquiring HMO property - purchase the property, convert it and then rent it out by the room or control an existing rental property, convert it into an HMO (if it isn’t one already) and manage the property on behalf of the owner, known as Rent2Rent HMO, which is how all three of us started. If you want job-replacing income quickly but either don't want to buy or you don’t have the money to buy, you might want to consider doing Rent2Rent HMO. Alternatively, if you're able to purchase a property and convert it to an HMO, buying the asset and then rent it out will give you the opportunity to generate equity growth as well as grow income. ABOUT THE HOSTS Matt Harris - Matt worked in-house legal in the City before practicing as a property lawyer in Mayfair. He swapped law for cleaning and set up The Organised Cleaning Company, followed by MiPropCo Leeds, a BTL investment company. Matt's latest business, MiRentCo London, provides multi-let management services for landlords & great co-living accommodation for young professionals in London. Matt is the co-host of The HMO Experience & PPN St Pancras and hosts his own YouTube channel shows. Jamie Madill - After an 18 year career in advertising Jamie became a full-time property investor with a property portfolio of single-lets & HMOs and with Steve, they have created a successful Rent2Rent HMO business. Jamie is an international public speaker and co-founder of Progressive Property Network and co-host of PPN St Pancras. Steve Mitchell - Steve had a successful corporate career in finance and risk management before becoming a full-time property investor. He owns a portfolio of single-lets and HMOs. A black belt in Six Sigma (yes, really!), Steve is the project management and systems expert in the business. Steve is also Co-Host of his own London property networking event, PPN St Pancras. --- Send in a voice message: https://anchor.fm/thehmoexperience/message


No review available yet...