What makes a good HMO? In this episode, I’m joined by Richard Nicholls of The Property Advantage. Richard has worked in property sales since he was 18 and has a unique oversight of the HMO property market because they specialise in selling HMOs. He spends a lot of his time up and down the country and in and out of HMOs giving him a good idea of what's going on all over the UK. So in this insightful conversation, we discussed: The variables involved in valuing properties and down valuations The t...
Nov 30, 2022•47 min•Ep. 175
Today's update will take you behind the scenes on what has been happening in my businesses. I've got some experiences to share with you about the issues we’re having in our HMO properties, refinancing, refurbishment, maintenance, and a few tips to save money when staging your properties. Was this episode helpful? Please leave us a quick review here if you enjoy this episode. Got any questions? Ask us in The HMO Community Facebook Group or follow me on Instagram @andygraham.hmo for more tips and ...
Nov 25, 2022•23 min•Ep. 174
Are you unsure about what type of HMO you should invest in? Nine out of 10 times, a larger HMO is going to make more money than a small HMO, but the truth is, 9 out of the 10 things that we really ought to be considering when we are investing in HMOs don't appear on the spreadsheet. So in this episode, I'm going to talk to you through nine reasons and benefits of investing in small HMOs, even in an economy like this. Was this episode helpful? Please leave us a quick review here if you enjoy this...
Nov 23, 2022•26 min•Ep. 173
As a landlord, you know that having good tenants is key to maintaining a sustainable HMO business. But what about bad tenants? How can you avoid them? In this episode, I’m going to share five red flags to look out for to avoid the stress of managing bad tenants! Was this episode helpful? Please leave us a quick review here if you enjoy this episode. Got any questions? Ask us in The HMO Community Facebook Group or follow me on Instagram @andygraham.hmo for more tips and advice! For instant access...
Nov 18, 2022•20 min•Ep. 172
Would it be helpful to have an expert on your side who knew what they were doing when it came to interior design and architecture to really help you maximise your investments? Well, today I've got Andrew and Mary of Elite Dwellings, our expert architects, interior designers, and of course, HMO property investors. We’re going to talk about: How experts can help you save huge amounts of time and lots of money Boosting profits through floor plan optimisation Proper planning, building regs, and inte...
Nov 16, 2022•31 min•Ep. 171
It's an exciting but complicated time to be a property investor so in this episode, we got our Expert Broker back, Ellie Broadhurst to discuss what’s happening in the mortgage market. We’re going to talk about the following: The mini-budget and the result of the change in Prime Minister Understanding the differences between interest rates, base rates, and swap rates How the rapid increases in interest rates have impacted the market and the investors The importance of stress testing your property...
Nov 11, 2022•35 min•Ep. 170
How often do you inspect your HMO properties? Every year, I'm reminded of the value of inspecting my properties, or as I prefer to call it, doing health checks on my properties. So in this episode, I want to talk to you about: The importance of property health checks How often you should inspect your HMO properties Three areas to include or consider when doing property health checks Tips to do this properly and maximise profits over the long term Was this episode helpful? Please leave us a quick...
Nov 09, 2022•26 min•Ep. 169
I am quite passionate about how powerful and how great Masterminds can be. If you can get in the right room with the right people, it really can transform your business and put you on a completely different trajectory. So in this episode, I wanna talk to you about why I think Masterminds are so great and what it is about Masterminds that can really help take your business to a new level. Apply for The Business In Property Mastermind 2023 here: https://thehmoroadmap.co.uk/mastermind Got any que...
Nov 04, 2022•26 min•Ep. 168
How are you dealing with the current problems and challenges in your property business? In this episode, I wanted to have a very honest conversation about a lot of areas in the property business, especially with the current property market situation. So of course, there’s no other person that comes to mind when talking about honest and authentic conversation than Jade McNeil of Beespace. We’re going to talk about: Jade’s driving force in doing property business and how she’s managing everything ...
Nov 02, 2022•54 min•Ep. 167
Today's another business update from me. I'm gonna take you behind the scenes and tell you exactly what has been going on in my businesses. I've got some updates on the refinance of the nursery conversion project, the planning permission on our Poplar House, an exciting new deal from auction, and more! Got any questions? Ask us in The HMO Community Facebook Group or become a member at The HMO Roadmap to help you start, scale, and systemise your HMO business. You can also follow me on Instagram @...
Oct 28, 2022•21 min•Ep. 166
Are you doing everything you can to make sure that you are keeping utility costs down this winter season? In today’s episode, I’m going to share with you some tips and advice including: Nine things you can do as a landlord today to bring those energy bills down Eleven tips to share with your tenants to encourage them to be more economical Practical tips for managing your property and your tenants overall Got any questions? Ask us in The HMO Community Facebook Group or become a member at The HMO ...
Oct 26, 2022•23 min•Ep. 165
What’s your minimum acceptable cash flow for your HMOs? In this episode, I wanted to talk to you about what my minimum level of cash flow is per deal. And more importantly, the context around the importance of this metric for analysing all of your deals, when buying or refinancing any of your HMOs. Got any questions? Ask us in The HMO Community Facebook Group or become a member at The HMO Roadmap to help you start, scale, and systemise your HMO business. You can also follow me on Instagram @andy...
Oct 21, 2022•15 min•Ep. 164
What does it take to be an award-winning HMO property investor? In this episode, I invited back Mike Clay , who recently won the HMO Investor of the Year at the HMO Awards 2022. And if you’ve been listening to the podcast for a long time, you’ll know that Mike is my previous mentee and is now one of my business partners. So in this conversation, we’re going to talk more about his journey to success: Mike’s thoughts on what made him win the prestigious award How he transitioned from his full-time...
Oct 19, 2022•48 min•Ep. 163
In today’s episode, I wanted to talk to you about what I'm doing with my utilities for next year. As student landlords, we need to think about letting our properties at the right time, so being able to put the adverts online is crucial. And to be able to determine that, we need to know what the utility package is going to cover. So I’m going to share with you how I’m doing it. Got any questions? Ask us in The HMO Community Facebook Group or become a member at The HMO Roadmap to help you start, s...
Oct 14, 2022•22 min•Ep. 162
What would you do if you could start your property investing journey with £100,000? This hypothetical scenario is something that I often hear members of our Community talking about and asking me, and it's a difficult one to answer because the answer is actually different for all of us. It really depends on what we want to achieve, what we've currently got going on, our resources, and our limitations. But what I want to share with you is exactly how I would do it, because I think the method that ...
Oct 12, 2022•32 min•Ep. 161
Are you feeling anxious right now and unsure of what steps to take next? I know it's a scary time for property investors right now, and that's why in this episode, I'm bringing you some facts, some logic, and some sensible solutions to help you weather this storm! Got any questions? Ask us in The HMO Community Facebook Group or become a member at The HMO Roadmap to help you start, scale, and systemise your HMO business. You can also follow me on Instagram @andygraham.hmo or follow The HMO Podcas...
Oct 07, 2022•29 min•Ep. 160
Do you know how to brand your property business? In today’s episode, I’m joined by Brian and Lauren Metcalfe of Skaus Haus , a property developer based in Liverpool. Before becoming full-time property investors, Brian worked in retail buying and merchandising for 20 years while Lauren worked in the Food Buying and Brand Licensing sector. And in this insightful episode, we’re going to talk out: How investing in single lets helped them build confidence to take on larger projects The role of mentor...
Oct 05, 2022•46 min•Ep. 159
We’re celebrating the 2nd year anniversary of The HMO Podcast and we're doing a giveaway to celebrate this special milestone! Thank you to all of you and be sure to listen to this episode for more details! Got any questions? Ask us in The HMO Community Facebook Group or become a member at The HMO Roadmap to help you start, scale, and systemise your HMO business. You can also follow me on Instagram @andygraham.hmo or follow The HMO Podcast on Facebook for more updates!...
Sep 30, 2022•9 min•Ep. 158
Are you a newbie in the HMO industry? In this episode, I want to share with you the 5 mistakes that I often see that newbies are doing when they start their HMO investing journey. And making these mistakes can be fatal to your business. These mistakes can stop you from getting into business before you’re even in business. So, let’s talk about the 5 common mistakes so you can be aware of them and avoid them. Got any questions? Ask us in The HMO Community Facebook Group or become a member at The H...
Sep 28, 2022•20 min•Ep. 157
Today, I'm going to fill you guys in on what has been happening in my business. I've got some updates in the main business, the investment management group including some rent increases, an interesting scenario that I've been dealing with in my HMO development project, and a general update on the commercial to resi stuff. Got any questions? Ask us in The HMO Community Facebook Group or become a member at The HMO Roadmap to help you start, scale, and systemise your HMO business. You can also foll...
Sep 23, 2022•18 min•Ep. 156
Have you got the right insurance policies for your HMO properties? In this episode, we’ve invited The HMO Roadmap’s insurance expert, Steve Barnes of Total Landlord Insurance under Hamilton Fraser. And in this conversation with Steve, we talked about: The different kinds of insurance policies for your properties Understanding how policies are computed The extent of tenant’s claims and examples of worst-case scenarios How much to insure the property for What you need to know when getting an insur...
Sep 21, 2022•43 min•Ep. 155
As a landlord and business owners, we need to do quite a bit of stuff ourselves. And even to this day, I still carry a toolkit around with me and take it to one of the properties every time I go when inspecting because you never know what you're going to need and what you're going to find! While I'm quite far removed from the general maintenance of my properties, I still like to keep an eye on it from a landlord perspective so I'm going to share 20 essential items that are in my toolbox for HMO ...
Sep 16, 2022•19 min•Ep. 154
How do you get yourself into a lendable position when you’re applying for finance? I’ve brought back our Expert Broker Ellie Broadhurst to share 5 key areas to work on to make ourselves in the right position and what we need to be aware of when borrowing money. Interested to discuss your HMO mortgage and finance needs? Contact Ellie at https://thehmoroadmap.co.uk/hmo-mortgage-finance/ Got any questions? Ask us in The HMO Community Facebook Group or become a member at The HMO Roadmap to help you ...
Sep 14, 2022•47 min•Ep. 153
Do you want to accelerate the result of your HMO business? In this episode, I want to share three simple areas of your business that I think you should be focusing on if you want to accelerate your results. These concepts are super simple and we're not reinventing the wheel here. I’m sure you are aware of these, but sometimes we just need to be reminded and be told what to do so we can take action. Got any questions? Ask us in The HMO Community Facebook Group or become a member at The HMO Roadma...
Sep 09, 2022•18 min•Ep. 152
Do you have the right skills to start your own HMO property business? In today’s episode, I’m joined by Saif Rehan of Mauve Group. Saif graduated as an Accountant in 2015 and has been working in finance for 8 years with very large companies when he decided to venture into property investing. And in this conversation with Saif, we talked about: His thoughts on the skills needed to succeed in property The importance of networking and doing it the right way The value of understanding your own journ...
Sep 07, 2022•48 min•Ep. 151
Do you want to increase profits in your HMO property business? Currently, we're experiencing a high period of inflation, a stagflation economy, and a lot of uncertainty. So it would make sense to consider ways to reduce the operational or running costs of your business like energy costs, maintenance, labor, subscription costs, and all of these things. So in this episode, I’ll share with you 12 proactive solutions or measures to reduce your overheads and be more profitable. Got any questions? Ask...
Sep 02, 2022•26 min•Ep. 150
Do you have a social media strategy in place for your HMO business? A good social media strategy should allow you to reach a much bigger audience. It should allow you to fast-track relationships with investors, tenants, landlords, and with more people. It will also enable you to engage directly with those people and your community to help build better relationships and authority in the space. So, if you're scaling up a property business, if you're trying to develop a real HMO property business b...
Aug 31, 2022•33 min•Ep. 149
Are you one of those HMO property investors who are getting worried and concerned about the rental reform white paper that the government has recently published? There’s a lot to digest but this is a really important topic, and if you want a clear and concise breakdown of what it all means and what's in it, then this episode is for you. I'm going to talk about how I feel about it, the potential outcome, and some solutions to it. However, please remember that this is white paper. It's going to ch...
Aug 26, 2022•33 min•Ep. 148
In today’s episode, I’m joined by my old property pal, Dale Wild of Landlord Furniture Co., a furniture supplier for HMOs, serviced accommodations, and student properties. Aside from supplying furniture to HMO landlords, Dale has already been investing in HMOs since 2010 and owns a large portfolio in and around Oldham, Greater Manchester. So in this special conversation with Dale, we talked about: How he became a furniture supplier from being a property investor The challenges that he had to ove...
Aug 24, 2022•50 min•Ep. 147
Today, I'm going to give you a general summary of what has been happening in the last month regarding our commercial to residential projects, a feature article with ‘The Times’, our new Loan Agreement Template inside The HMO Roadmap, and an update on our room occupancy. Got any questions? Ask us in The HMO Community Facebook Group or become a member at The HMO Roadmap to help you start, scale, and systemise your HMO business. You can also follow me on Instagram @andygraham.hmo or follow The HMO ...
Aug 19, 2022•31 min•Ep. 146
