“My HMO will be the best in town…”
👀 Seeing what you want to see 👀 I usually assist at least 1 person a day with their GDV appraisals for their HMO developments. Most of these 5-7 people a week are asking for my advice because they are new to either HMOs or the area
How long does it take for HMO values to change after article 4 is implemented?
Article 4 is usually brought in for a reason. Too many HMOs. Just like property strategies become trendy and ‘all the rage’ (right now we’re in the ‘Supported Living Era’, we’ve just come out of the ‘Serviced Accommodation Era’ and I remember the days of ‘Same Day
R2R and the issues within…
Oh bloody hell, where do I start? I‘m pulling my hair out currently (haha my hair has all gone already, I know that, thank you for reminding me, there’s a reason why I wear a hat every day) with a couple of R2R operators. I’m trying to
Saturation Matters
This is a really touchy subject among managing agents but here me out… I get asked A LOT about HMO saturation. Which parts of the country do I feel where there are too many HMOs and therefore potential for saturation. This can lead to reducing rents, higher void
Have HMO values gone down?
📈 What am I seeing with HMO valuations and offers from buyers in this market? 📉 I’m currently working on a lot of HMO stock that I visited, valued and appraised between late ’21 and mid ‘22. It’s not unusual for me to work on HMOs that
Flipping Heck
Can you still develop high-end HMOs to flip on? Over the years, I’ve had great success working with developers to sell on their brand new HMOs. Who doesn’t love a sexy new refurbished property? The HMO Flip is something that I’m quite big on. There’s a huge opportunity for
Do HMOs still sell for a premium?
Can HMOs still sell for a premium above bricks and mortar? The answer is yes in ‘most’ cases but there are several situations where this isn’t possible (and rightly so). Where should I go first? Let’s talk about the HMOs (we’re talking about C4 properties here, by the
Tenant Loyalty or Insta Royalty?
Every non-article 4 area in the ‘North’ has the potential to be the Wild West in terms of ‘packaged deals’ from sourcers or self-sourced HMO conversion opportunities. 🏚️ Cheap as s*@t terraced houses with fancy architect’s drawings, a superb looking spreadsheet to highlight the yields and
What’s the best location to an HMO?
I get asked “of all the places you travel to, what’s the best place for HMOs?” And again, when asked this on a webinar this week, I copped know out. I can’t bring myself to say any specific location because I know that is the wrong piece
Sales Fatigue Kicks in Otherwise
HMOs - Handling the Sales Process You decided to sell your HMO What do you do next? You can’t go and tell the tenants over a coffee and cake and expect a positive reaction - especially if you don’t self-manage and have a close relationship with the occupiers. First