It's that time of the year when I like to hit the pause button and reflect on the goals I set back in January. How did I fare? Did I hit my targets, or did I fall short? These episodes aren't about bragging; quite the opposite, actually. They serve as a means to hold myself accountable, looking back and openly sharing my progress. I also hope they impart valuable lessons to you, helping you understand how I approach goal-setting and review. That's the most important part – tracking progress and ...
Dec 27, 2023•41 min•Ep. 236
In this episode, we have Ellie Broadhurst, our expert broker from The HMO Roadmap, back to our show. Ellie is here to shed light on the burning questions I have about the current financial landscape. Notably, interest rates have held steady for the third consecutive time, and we're seeing a downward trend in inflation. But what does all of this mean for us as property investors? How will these factors impact the property market, and what considerations should we have in mind as we approach 2024?...
Dec 20, 2023•35 min•Ep. 235
In today's episode, I'm thrilled to provide a comprehensive business update, now that I'm back. Gemma and I have returned from our extensive journey across Canada, the United States, and Costa Rica. We've witnessed breathtaking landscapes—from mountains and coastlines to sunsets, sunrises, deserts, jungles, and bustling cities. It truly has been an incredible experience, but it's equally great to be back. These business updates serve as a way to hold myself accountable, and I believe in keeping ...
Dec 13, 2023•29 min•Ep. 234
In today's episode, we’re going to discuss the crucial aspects of risk management and exit strategies for your HMO business. Now, if you're a new investor, just embarking on this journey, you might be thinking that exiting them is not my priority. However, hold that thought, because surprisingly, how you enter deals is intricately linked to how you exit them. So in this episode, we'll explore four essential considerations every investor should ponder when it comes to risk management and exit str...
Dec 06, 2023•33 min•Ep. 233
In this episode, I'm thrilled to have HMO community member John Orr joining us today. He's got three insightful questions lined up, focusing on overcoming objections in planning, dealing with neighbours, and engaging with investors. During the mentoring session, John asked the following questions: Ways of potentially shortening the process, including all the behind-the-scenes legislation, etc. How best to try and get neighbours onside and minimise complaints/objections. Selling the concept of si...
Nov 29, 2023•40 min•Ep. 232
In this episode, we'll discuss the entrepreneurial mindset, focusing specifically on 10 methods that can be mastered for better results. I believe there's a distinct difference between property investors and property entrepreneurs. Personally, I align more with the latter. It took me over a decade to recognise this distinction, but when I did, I embraced it wholeheartedly. The characteristics and traits I'm about to share in today's episode played a pivotal role in my journey. Once I accepted th...
Nov 22, 2023•28 min•Ep. 231
In today's episode, we’re joined by Jessica Leader from Next Level Living , a property developer with a track record dating back to 2017. Her expertise lies in acquiring dilapidated properties, strategically developing them to unlock their full potential, and ultimately generating returns for her investors. During our conversation, we'll delve into various aspects of Jessica's journey, exploring topics such as: Why she started investing in HMOs Insight into her approach of flipping houses to ref...
Nov 15, 2023•38 min•Ep. 230
In today's episode, we have a crucial topic to discuss because we're going to delve into the five factors that could spell disaster for your HMO business. These aren't just minor hiccups; they have the potential to completely implode your hard-earned venture. Now, that might sound daunting, but it's essential to understand this, and I've witnessed these issues befall countless individuals in the HMO industry, and it's disheartening to see promising businesses crumble. The silver lining here is t...
Nov 08, 2023•27 min•Ep. 229
Today, I'm joined by Mark Alexander, a good friend of mine and the proud founder of Property118 , a platform for landlord tax planning, property investment news, and discussions in the UK. With an impressive 36 years of experience in property finance, tax, and law, Mark joins us to share some incredible insights. In our conversation, we delve into: The story behind his incredibly successful lending company and the subsequent creation of Property118 Mark's triumphant legal battles against mortgag...
Nov 01, 2023•46 min•Ep. 228
In today's episode, I'll be sharing the exact method I used to stack every single rent-to-rent deal that ultimately allowed me to build a successful business. In fact, I was able to sell this business as part of my investment and management portfolio earlier this year. Now, while I'll cover only a portion of what rent-to-rent entails in today's episode, getting this part right is crucial. It's the foundation for creating a thriving business that generates substantial monthly cash flow. This can ...
Oct 25, 2023•28 min•Ep. 227
Do I need an architect for my HMO project? This question comes up frequently, and the answer varies depending on factors like your experience, project type, and more. So in this episode, I'll guide you through a five-step process to help you understand how an architect can assist you. By the end, you'll be better equipped to make an informed decision about whether to engage an architect for your project or not. If you have a project in the pipeline or one already in progress, this episode is a m...
Oct 18, 2023•35 min•Ep. 226
In this episode, I'm excited to be joined by a dear friend of mine, Ryan Gallace of Gallacom Property, the person who acquired my investment and management business. Ryan boasts a wealth of experience as both an investor and an entrepreneur. In this conversation, he generously shares his journey and insights into successfully scaling property businesses. During our discussion, we'll delve into the following key points: Ryan's background and the path that led him to become a property investor The...
Oct 11, 2023•40 min•Ep. 225
Today's episode is a unique business update as we kick off our 10-week trip, a long-anticipated journey that embodies the purpose behind my hard work, sacrifices, and commitment in building businesses. I'm pretty sure that most of you listening today share a deep sense of purpose driving your property investments, business ventures, and relentless efforts. Our 10-week journey is a once-in-a-lifetime experience for us, representing a significant milestone in my career. It's the result of years of...
Oct 04, 2023•33 min•Ep. 224
Today, we have Ellie Broadhurst, our expert broker from The HMO Roadmap, back to our show and we have some exciting topics on the agenda today. We'll dive into the recent positive developments in inflation data, discuss the Bank of England's decision to maintain the base rate, and explore how lenders are reacting to these changes and what they mean for all of us. But that's not all. We'll also be delving into the intriguing world of commercial valuations. It appears that there may have been some...
Sep 27, 2023•37 min•Ep. 223
In this episode, I'm excited to bring you another mini-mentoring session featuring Dan Morehen , a US Property underwriter by trade who started investing in property 5 years ago. Dan, a property investor and a member of The HMO Community, our thriving Facebook group, volunteered to participate in a mini-mentoring session with me. He sent over these three questions below, and I'll do my best to provide valuable advice to help him with his HMO property business. What's the best way to scale the bu...
Sep 20, 2023•51 min•Ep. 222
What makes a good deal right now? In this episode, I want to redefine what profit means for HMO property investors right now. With inflation spiraling, costs soaring, and interest rates rising, we're left wondering whether investing in HMOs is still the right thing to do but one thing is for sure, profit margins have changed. If you're actively investing in HMOs and would like to know what makes a good deal right now and some ways to reduce costs, this episode is one you won't want to miss. - Pl...
Sep 13, 2023•29 min•Ep. 221
There are so many moving parts to growing and running a property business, and it seems that the more you grow, the less time you have, and the harder it becomes to continue growing your property business. So, in this episode, I’m excited to introduce Jane Scroggs , the driving force behind Beam , a dynamic team of property virtual assistants based in the UK. They handle all aspects of lettings admin, compliance, and optimising portfolio operations for their property investor clients. We’re goin...
Sep 06, 2023•37 min•Ep. 220
In today’s episode, I'm going to lay out the five absolute essentials that should be at the top of your checklist when you're starting an R2R business. These aren't just nice-to-haves; these are the non-negotiables that can truly shape the destiny of your R2R business. If you're already on this exciting path, don't worry – it's never too late to ensure you've got these tools in place. - Please leave us a quick review on Apple Podcasts or Spotify if you find this episode useful. Got any questions...
Aug 30, 2023•21 min•Ep. 219
In this episode, I'm joined by a good friend of mine, one of my longstanding mentees, and a previous guest on the podcast: Jonny Stockwell of Crockwell Properties. We're going to discuss some of the issues he's had to face and overcome, specifically regarding planning permission and the Article 4 direction in the areas where he invests. Our conversation will cover: The frustrations and challenges faced by HMO investors due to unclear regulations and inconsistent enforcement in Article 4 areas. T...
Aug 23, 2023•47 min•Ep. 218
In this episode, we delve into the recent increase in the base rate, marking the 14th consecutive rise. Currently standing at 5.25%, this change has significant implications for HMO property investors like you. To shed light on this matter, we've invited Ellie Broadhurst, our go-to specialist mortgage broker at The HMO Roadmap. Ellie breaks down the base rate increase and explains how it could impact your borrowing costs and investment strategies. But that's not all – we're also addressing an is...
Aug 09, 2023•33 min•Ep. 216
Are you at the beginning of your HMO journey but feeling unsure and overwhelmed? In today's episode, I want to share the six most important things you need to nail if you're getting started with HMOs. These steps are crucial for building a strong foundation and setting yourself up for success. We’re going to talk about: The importance of understanding HMOs Finding the right property Legal requirements and planning permissions for HMOs Financing HMOs Renovation and conversion strategies for HMOs ...
Aug 02, 2023•30 min•Ep. 215
Supported living isn't necessarily the first thing that comes to mind when we think of HMO investment but what if I told you that you could potentially double your profits from the same properties by following this model? In this episode, I'm excited to be joined by Chris McDermott , one-half of NW Living together with his partner Cat. NW Living specialises in converting neglected properties into high-end accommodations for Supported Living providers. Over the last 5 years, they have successfull...
Jul 26, 2023•39 min•Ep. 214
In this episode, we're diving headfirst into a topic that's on the minds of every HMO business owner: how to boost profits. Now, I know what you're thinking—I hear you loud and clear. Interest rates are climbing, inflation is soaring, and the costs of gas and electricity are through the roof. We're facing a cost of living crisis, and it feels like we're swimming against the tide. But here's the thing—I get it. We can't control those external factors. We can't magically make interest rates drop o...
Jul 19, 2023•22 min•Ep. 213
Today, we delve into the fascinating story of Savoys Properties with Malkit Purewal. Malkit, along with his partner Sanjay, has captivated my attention for years with their impressive business growth and groundbreaking projects. During our conversation, Malkit and I discussed: The story behind Savoys Properties and its success. The importance of building relationships with people. A behind-the-scenes look at the challenges they faced. His thoughts on the future of the property industry. His advi...
Jul 12, 2023•36 min•Ep. 212
Are you prepared to enter a recession? In this episode, we're going to talk about recession-proof strategies for HMO property investors. Now, I don't want to be known for scaremongering, but I want to ensure that I'm prepared if we do go into a recession. And let's be honest, things look a little bit dicey out there at the moment. So today, I've got nine strategies that will help you navigate through a recession, if that is ultimately what happens. - Please leave us a quick review on Apple Podca...
Jul 05, 2023•24 min•Ep. 211
Can you believe we're already halfway through 2023? In this episode, we're going to do a deep dive into the goals and targets set at the end of last year. We'll also discuss the latest economic challenges, such as inflation and the Bank of England's response. Discover how these factors have impacted my business and the strategies I've implemented to navigate through these uncertain times. And as usual, I'll provide updates on what’s happening in my businesses especially as we approach the studen...
Jun 28, 2023•27 min•Ep. 210
Today, I'm thrilled to have Ellie Broadhurst, our expert broker from The HMO Roadmap, join me for an important discussion. We'll be diving into the effects of interest rates, inflation, and the current state of the property market. Ellie's expertise will help us provide you with a clear understanding of what's happening and ensure you're equipped to manage your expectations. In times like these, it's natural to feel anxious, but remember, we're here to alleviate those anxieties and empower you t...
Jun 21, 2023•30 min•Ep. 209
In this episode, we're excited to bring you another mini-mentoring session featuring Swarren Samra, a budding property investor. Despite being relatively new to the field, Swarren has already accomplished an impressive feat: successfully transforming a 3-bedroom property into a 5-bedroom HMO tailored for working professionals. Currently, he's actively engaged in his second project. He shared three thought-provoking questions with us, and I’ll do my best to provide invaluable advice to support hi...
Jun 14, 2023•42 min•Ep. 208
In this episode, we dive into the often overlooked but crucial aspect of financial planning for your HMO property business. While it may not be the most glamorous side of property investment, it is an essential part of what we should all be doing, yet many of us fall short in this area. We will cover the following topics: Basics of financial planning Setting financial goals Budgeting Cashflow management Profit and loss forecasting Finance and investment reinvestment Risk management contingency a...
Jun 07, 2023•29 min•Ep. 207
Can 100% hands-off property investment really work? In this episode, I'm thrilled to have Samuel Hemmings from HemCo Property Investments as our guest. Samuel is a British national residing in Amsterdam with his family, actively investing in the UK. During our conversation, Samuel and I explored a wide range of topics, including: Samuel’s experience in running and improving complex operations of start-up companies His first property investment and the reason behind his choice to invest in HMOs H...
May 31, 2023•34 min•Ep. 206
