The HMO Success Podcast with Wendy Whittaker-Large

In this episode, we sit down with Angharad Trueman, Group Lettings Director for Andrews and President of ARLA Propertymark—the UK's largest agent membership body representing 18,000 members nationwide. Drawing from over 15 years in the UK rental market where she's managed tens of thousands of properties, Angharad shares her insights on the current industry landscape and the challenges ahead. As ARLA President, she's travelled extensively across the UK meeting with letting agents, giving her an unmatched perspective on the concerns and pressures facing the sector today. I discuss with her the evolving rental market, the impact of upcoming legislation including the Renters' Rights Bill, and what landlords and agents need to know to navigate 2025 successfully. Resources mentioned: Join Angharad's upcoming landlord seminar "Being a Landlord in 2025" at the University of Gloucestershire in June, featuring updates on the Renters' Rights Bill and expert panel discussions. Tickets available at: https://www.eventbrite.co.uk/e/being-a-landlord-in-2025-tickets-1356224527069 ------- For more information, guidance and support to help you invest in HMOs and create a profitable property portfolio, please head on over to my website www.hmosuccess.co.uk You'll find some free downloads to learn about HMOs as a high cashflowing strategy and how you can get started with very little money.  If you want to learn more about my amazing tips which I compiled in my book '101 Essential Tips for Running a Professional HMO' you can get your own copy FREE (Just pay postage and packing) www.101essentialtips.co.uk/   For a FREE 30 minute call for any help you might need with HMOs, and to understand what I can offer you to help you progress your portfolio, please book a call here: https://calendly.com/wendy-w-large I look forward to hearing from you! Wendy Please subscribe/follow, give it a 5 star rating and review the podcast if you can. ⭐️⭐️⭐️⭐️⭐️    

Caroline Pattinson is the dynamic and creative founder of Chester Homeshare, a co-living brand situated in the beautiful city of Chester.  I've been trying to get her as a guest on the podcast for a while and when we finally met we had so much to discuss.  Caroline has a background in banking and commerce so she 'gets' the problem posed by increased regulation in the HMO market. She also discusses the opportunities that are available to investors when they see that changes could mean upping their game for greater rewards and easier lettings.  I think you'll find our fireside chat (well zoomside chat) eye opening and stimulating and I'm sure you'll enjoy hearing Caroline's passion come through in all that she does. She has a very touching back story and is a unique person making waves - not only in her locality but in the influence and standards that she challenges us all with now! https://www.facebook.com/ChesterHomeshare/    

HMO Action Group Conference: Why you should be there! https://www.tickettailor.com/events/hmoaction/1582464 Join me in my latest episode as I dive into why the upcoming HMO Action Group Conference on May 1st is a must-attend event for anyone involved in HMOs.  In this episode, I break down: The keynote speakers and experts you'll get to meet Why this event is not NRLA for HMOs Networking and discussion opportunities How this conference directly impacts policy changes we've been fighting for All the details you need to reserve your space Early bird tickets are still available, but they're going fast!  Whether you're a seasoned investor or just starting to get involved, this conference offers something valuable for everyone involved in HMOs. Don't miss this opportunity to be part of the movement. Secure your spot today at https://www.tickettailor.com/events/hmoaction/1582464

In this episode I discuss the latest consultation launched by the Government on 7th Feb 2025 on 'Improving the energy performance of privately rented homes'.  This is in conjunction with the previous consultation about the way EPCs are to be assessed. This is the 'Reforms to the Energy Performance of Buildings regime' consultation.  It's good to see that HMOs are mentioned in each document (in other words the Government are aware that we exist)! The only problem is that it could cause huge upset again to the sector. Combining this with the Renters Rights Bill, I think we will see more landlords exit the market and others finding that the upgrades are not possible to achieve.  I'd love your opinions though!   ============================ For more information, guidance and support to help you invest in HMOs and create a profitable property portfolio, please head on over to my website www.hmosuccess.co.uk You'll find some free downloads to learn about HMOs as a high cashflowing strategy and how you can get started with very little money.  If you want to learn more about my amazing tips which I compiled in my book '101 Essential Tips for Running a Professional HMO' you can get your own copy FREE (Just pay postage and packing) www.101essentialtips.co.uk   For a FREE 30 minute call for any help you might need with HMOs, and to understand what I can offer you to help you progress your portfolio, please book a call here. I look forward to hearing from you! Wendy    

HMO Market Predictions for 2025 - E - Energy I - Inflation E- Employment I - Interest Rates and R - Regulation For more information, guidance and support to help you invest in HMOs and create a profitable property portfolio, please head on over to my website www.hmosuccess.co.uk You'll find some free downloads to learn about HMOs as a high cashflowing strategy and how you can get started with very little money.  If you want to learn more about my amazing tips which I compiled in my book '101 Essential Tips for Running a Professional HMO' you can get your own copy FREE (Just pay postage and packing) www.101essentialtips.co.uk/  For a FREE 30 minute call for any help you might need with HMOs, and to understand what I can offer you to help you progress your portfolio, please book a call here: https://calendly.com/wendy-w-large I look forward to hearing from you! Wendy ---------------------------------------- Daniel Hill's 2025 predictions podcast  https://podcasts.apple.com/gb/podcast/270-2025-property-market-predictions/id1498618503?i=1000682987558 Adam Lawrence - Partners in Property February Supplement - https://partners-property.com/supplement-2-feb-25-the-new-dawn/ ---------------------------------------------- Transcription: Hello and welcome to the first episode of the HMO success podcast for 2025. I've had a little bit of a break over Christmas and New Year and decided that it was time for me to take a few weeks off recording a podcast. I wanted to review things that were filtering through the pipeline, like the renter's rights bill. I also wanted to take stock of other people's views and opinions about the outlook for 2025 and consider what some of those impacts are going to be for this year. So while many people might have released their predictions and property thoughts for 2025 on the 1st of January, I'm a month late. I hope that you will find that this podcast will give you some thoughtful reflection on what has been an interesting January. First of all, I'd like to say a massive thank you to those of you who listen to this podcast and write to me when I haven't done an episode and say "Wendy, when's the next episode coming out?" Thank you ever so much. You keep me accountable, keep me on my toes. And I hope that this podcast helps you as you invest in HMOs. I'd also like to thank everybody who participates in the community and who's investing in HMOs and gives me lots of food for thought, content, ideas, and subjects to tackle. I'm looking forward to 2025. I think it's going to be a very interesting year. What I mean by that is it's going to be one where we're going to have to use our intelligence to navigate the market. Today's podcast is very much about using our intelligence, crunching some of the numbers and thinking more deeply about some of the statistics you might have already heard since the first of January. There are a couple of people I want to give a quick shout out to who produce excellent material and whose views and opinions I value highly. One of them is Daniel Hill. He has the entrepreneurs podcast. He is very much about looking at business and growing your property portfolio as a business. I listen to a podcast of his a while ago and I thought it was excellent and I would agree with a lot of his conclusions. I'll put the link in the notes so you can jump over and listen to his podcast if you wish to. The other person I'd like to mention is Adam Lawrence from Partners in Property. His property predictions or update on the market - he does a monthly newsletter for Partners in Property. That was released today and I've been mulling over some of those statistics that he's released. Again, I'll put the link in the show notes so you can go over to that and read his notes on the general wider housing market. Today, I want to focus on my chosen topic, which is HMOs and predictions for 2025. I'm really delighted that today you have the honor of listening, not just to me, but also to my husband, my partner in crime, Andy Large. The reason I've invited him on is because Andy's got a really deep knowledge and interest in macroeconomics. At home we have plenty of discussions about this topic. As we're running an HMO business and a property business, we're always very interested in looking at how these links work back and forth because housing is a massive part of our national economy. It's a huge part of our international economy and understanding the macro picture is very important when you're trying to make decisions about the micro picture, which is how you use your money to invest and make it grow, and hopefully also provide good quality accommodation for individuals. Discussion Topics: EIER Framework Energy Wendy: Let's start with energy. What are your thoughts about what's happening in the energy world and market? And how's that going to affect us in HMOs? Andy: It could affect folk differently because we have to recognize that there are different models for HMOs. Not every HMO is an energy inclusive model. Some have tenants that actually pay their own bills with individual room billing, particularly for electric sometimes for gas, mostly for electric. I think most professional HMOs at least are an all-inclusive model. Would you say that's right? Wendy: Definitely. I think that particularly for the professional market, which is where we specialize, we offer that all-inclusive rent because I think it's really valuable for the tenant. There are so many benefits to it for the tenant. It's much easier for them just to move in and have one all-inclusive fee that they pay. It's rent, utilities, council tax, water, etc. It all goes into one part and makes it much easier for them to move in and move out and be more flexible. As well as the actual energy costs of running an HMO, the other things on the horizon which I think are part of this wider industry that affect HMOs are regulation when it comes to energy - the EPC regulation, but also the wider costs of energy and the costs of moving to net zero. This is becoming much more prevalent. We are no longer just simply accepting that we should be moving to net zero as a fait accompli, but there are voices which are now counterindicating that. As we've heard from President Trump across the pond, he stated that he is not going to support net zero and he's withdrawn the United States from the Paris climate accord and he's going to "drill baby drill." What does this wider energy industry direction of travel mean for us in HMOs? Andy: My view on net zero is that it's a totally suicidal mission. Even if we achieve net zero, what would it do? When asked that question, the reply is "Well, we'll be showing the world how to do net zero." And my view is they'll be laughing at us, particularly in China as they've made billions probably trillions out of manufacturing solar panels and we'll have no energy independence. The pertinent point for HMOs and rental properties is the EPC piece. That's where the rubber hits the road. My personal view is that this is going to be very hard now for Labor to inflict on the population of the UK. The idea was that by 2030, every rental property needs to achieve EPC C, which is unachievable anyway. There are millions of properties, at least hundreds of thousands that would never be able to meet that energy requirement because of the method of construction, their proximity to other properties, etc. I think it's an even bigger political problem for Labor now because of the appalling performance in the opinion polls and the rise of Reform who are strongly opposed to net zero. Even if Labor were to introduce a bill or ministerial instrument that said you've got to achieve that target by 2030, that requires consensus across the House of Commons, because there will be another election before 2030. They are doing a consultation about it at the moment as a live consultation. That's often what you do about what you're about to go wobbly on ideas. There's no certainty. There might very well be a law that comes in that says you have to do EPC C, and then a landlord is going to have to make a decision - are they going to do it? This is one of the dangers of any of these types of legislation. It's like the car industry having to prepare for getting rid of all ICE vehicles, only to be told, "Oh, actually, you can make some ICE vehicles." It's like a big liner crossing the ocean - it's not very easy to change direction of travel halfway through a strategic plan. Inflation Wendy: Linked to energy, of course, is inflation, and this is clearly a topic which is very important when you're investing in property, partly because we talk about real assets hedging against inflation, hedging against effectively the decrease in the value of your pound. What is going on with inflation right now? The headline statistics are that as of the end of 2024, it was 2.5% annualized, which doesn't sound too bad. But what do you feel is going on with inflation? Andy: You mean CPI inflation, which if you listen to the government inflation figure, that's really like asking a child to mark their own homework. I don't really believe that number. I think it is quite a bit higher than that because it doesn't include housing costs, which is a massive part of most people's monthly budget. Even then, there are things in the mix that make your head spin. I was listening to shows about housing costs priced in gold, which is the only Tier one reserve asset that has no counterpart. And priced against gold, all these things have indeed been in deflation. Housing prices are in a deflationary cycle right now. This is one of the problems with the fiat currency we have. It is very hard to make really solid predictions when fiat is such a fungible thing. But I think CPI is about to possibly go negative. I think rent levels are probably going to ease off for a variety of reasons, mostly to do with employment and the recession. Wendy: I'd like to challenge you on that one. Inflation is a compounding problem. We're talking about two percent or two and half percent in 2024 on top of four and a half percent in 2023 on top of seven percent in 2022. It doesn't include house prices, which is why when you're doing a refurb these days, you can add another 30% on the cost on what you were doing three or four years ago because it's all that compounded inflationary effect on goods services, materials, etc. I would argue that there is a possibility that although CPI inflation remains relatively low and the Bank of England have got a target to keep it at two percent, the wider inflationary picture - I believe there is a possibility that we're going to actually see effects of inflation coming through much more strongly and that could affect interest rates. Many people are suggesting the interest rates are going to start to come down this year. It would be great if they did, but I wonder actually whether interest rates could actually go up. Employment Wendy: What's going on with employment and unemployment? Andy: I think it's quite simple. Rachel Reeves has created rather a hostile environment for employing lots of people and we're going to wait and see how heavily that weighs on our economy. The chances are it could be quite bad. Wendy: I personally feel having spoken to a lot of people in the last couple of weeks about rooms and whether they're renting out and how long they're taking to rent out, there is a little bit of flat lining. The pace of filling rooms is not what it was a couple of months ago, although sometimes that is the time of the year. We have a slow month sometimes. People are still getting over Christmas. They're paying off their credit card bill. They haven't got any money to move. The 23rd of January is apparently the day when most people apply for new jobs. It's a commonly known date. So I think by the time we get to February March time, things will pick up again. People are more available for viewing and you've got more hours of daylight to do the viewings. Regulation One of the areas of HMO that we've seen grow a lot over the last few years is social care, social housing HMO. Whether it's an HMO that you set up and you lease to a care provider or maybe a charity, those people may be vulnerable. They may be long-term unemployed. There may be other reasons why they're being housed by the third party provider. What's very interesting to me, linked to social housing and the growth of social housing is debt at local government level. As of 2023, local government debt nationally was about nine billion pounds. This means that's about one thousand four hundred pounds per person in every local government area has debt to that level. That's the equivalent of many people's annual council tax bill. The big regulation coming forth this year is called the RRB - the Renter's Rights Bill. That is rapidly making its way through the Houses of Parliament. It's being read currently in the Lords and we're awaiting some amendments. The HMO action group wrote to about 25 members of the House of Lords to try and influence them in their thinking about particular amendments to that bill. Students are very badly treated by the Renters Rights Bill and I feel sympathetic towards those landlords that have offered really good quality student lettings for a number of years and now suddenly find that they cannot offer that fixed term tenancy of nine months or 12 months at the beginning. I think there's going to be ways around it. We don't do student HMO, so I'm not an expert in this field, but I know other people who are doing student HMOs and they've thought about it. I think again there's going to be creative solutions around it. On that note, I'm going to call our discussion to an end. We've covered some of our thoughts and predictions about 2025. Some of these are certainties, some of these are possibilities, but whatever happens, we want to wish you a prosperous and happy 2025. Please note that none of this is intended as financial advice. It's simply our musings on what's going on in the wider world of macroeconomics and housing statistics. Keep providing good quality HMOs for your tenants because long-term people need somewhere to live. Everyone needs a home. Look forward to speaking to you soon.

Sam Cooke is the owner and editor of Blue Bricks magazine - a people focused property magazine. But when he started he was just an employee. How did he end up being the boss? And how is he creating an expanding business which is serving property people all over the UK? In this revealing interview, Sam shares the secret sauce which has enabled him to grow the circulation and readership of Blue Bricks - and likewise its reputation. He has big plans for 2025 but his feet are firmly on the ground, and in this interview he shares why no is such an important word and why quick decision making is a core skill for any entrepreneur to master. I loved his approach to business and the value of keeping the priorities at the top of his agenda by using one small word!   To find out more about Sam and Blue Bricks follow this link: https://bluebricksmagazine.com/

In this episode of the HMO Success Podcast, I have the pleasure of hosting George Samoila, a respected property developer and investor based in Manchester, who also hosts the Manchester Property Investor Breakfast. George has built an impressive reputation as a savvy investor with a deep knowledge of Manchester's property market and a talent for identifying high-yielding investment opportunities. In our conversation, George opens up about his own journey from initial investments to scaling a successful property portfolio and becoming a local leader in this sector. We dive into some of the most pressing issues affecting HMO landlords today—from navigating regulatory changes to managing tenant relationships effectively. George also shares his expert strategies on financing, finding off-market deals, and maximizing rental income, We kick things off by exploring George's unique background—what initially drew him to property investment and how he's navigated the challenges and opportunities along the way. Together, we dive into what defines the Manchester property market, examining current trends, key areas of growth, and the factors driving both rental demand and property values. George also reveals what he believes truly makes a great HMO. From layout and design to tenant management and amenities, he shares his philosophy on creating high-quality HMOs that attract stable tenants and deliver consistent returns. Whether you're a property professional or just curious about the industry, this episode offers invaluable insights from one of Manchester's leading investors. Don't miss it! If you decide you want to attend the breakfast here is your link: https://www.meetup.com/manchester-property-investor-breakfast/ Be warned though: Tickets sell out fast!

Ed Kercher is an architectural technologist who founded HMO Designers (a national HMO design practice), and learnt the inside out way of developing HMOs. After realising that there was a faster, better way to do Due Diligence, he created HMO Checker - www.hmochecker.co.uk. His goal with HMO checker is to make concise and accurate HMO data available to all. In this podcast (which I have also recorded as a video so you can see the product in its demo phase - see my YouTube channel here), he describes how it works and the hours of time it will save you if you are doing HMO due diligence.  If you're interested in getting on the waiting list or want to buy for yourself please use the code WENDY123 in the checkout box on the website (www.hmochecker.co.uk) this will get the user a 2-week free trial and 10 free credits to try out (this is usually 7 days with 5 credits), the 10 credits are worth £20.   You can contact Ed here: Edward Kercher Founder, CIAT Affiliate on behalf of HMO Designers. email// edward@hmodesigners.co.uk website // hmodesigners.co.uk phone // +44 7700 161419  

Today's episode is very pertinent to the current times. With a snap election just called, and disarray over the Renters Reform Bill (now that it has been shelved) there's a lot of uncertainty around. What if we get a labour government? What will their stance be on tenants and landlords? Will the Conservatives make another stab at a RRB if they win? My partner to discuss all of these issues is Suzanne Smith - a lawyer turned self-managing landlord with a portfolio of houses in Maidstone, Kent. She came to property investing fairly late when she “retired” as a corporate lawyer at the age of 51, after working for 25 years in senior in-house legal roles for multinational biotech companies. Suzanne started to share what she was learning as a landlord on her Instagram account, @indie_landlord, with practical reels that also drew on her experience and training as a lawyer. This led to her setting up her blog, The Independent Landlord, in August 2022, which provides reliable, free content on all aspects of being a landlord. It's grown to be one of the biggest blogs for landlords, with almost 20,000 click throughs on Google each month, and thousands of subscribers to her weekly newsletter. She co-hosts a new weekly podcast called Good Landlording with Richard Jackson, a landlord with a large portfolio who runs the property management software, Alphaletz. Suzanne is also an independent member of Propertymark's disciplinary tribunal. Website and social media links: The Independent Landlord website: https://theindependentlandlord.com [Please capitalise the “The” when referring to The Independent Landlord] Instagram: @indie_landlord X: @indie_landlord LinkedIn: https://www.linkedin.com/in/suzannesmithblogger/ Good Landlording podcast website: https://goodlandlording.com Good Landlording on the podcast apps: Spotify, Apple, Amazon

With a wealth of experience spanning various facets of the property industry, Craig Phillips is a seasoned professional renowned for his expertise in property management. As the founder and owner of G8 Property in South Yorkshire, Craig has dedicated nearly a decade to providing exceptional property management services and coaching and mentoring property investors and letting agencies across the country. Smart Energy Solution, a pioneer in energy efficiency, was founded by Craig Phillips, a former military professional turned HMO landlord and award-winning letting agent. Phillips' extensive experience in the property industry illuminated a significant opportunity in energy management. Recognizing the growing need for sustainable and cost-effective energy solutions, he innovated TED, a smart energy-saving device, specifically designed to address the unique challenges faced by HMO landlords. In this podcast he does a live demonstration which you can see on my Youtube Channel:  https://www.youtube.com/channel/UCNoytRBDtQ0KpvEenr067ww TED's remarkable efficiency in reducing energy bills quickly garnered attention, leading to its widespread adoption not only by landlords but also by homeowners and hotels. This expansion marks a significant milestone in Smart Energy Solutions' journey, positioning TED as a versatile and indispensable tool in the quest for energy conservation and sustainability. To contact Craig:  01226 664435 www.smartenergysolution.co.uk

LEA Property Solutions was founded two decades ago by an enterprising individual fresh out of university. It began as a personal quest for ideal accommodation for Lucy. Frustrated by the lack of suitable options in Ipswich town center, she took matters into her own hands. Sourcing a property and persuading her parents to take on a mortgage, she set up her own house share. Little did she know that this endeavour would reveal a niche market waiting to be tapped. Within a year and a half, the solo venture had expanded to managing five properties for family and friends. The allure of this lucrative rental model prompted her to leave her job and focus solely on her property business. Her passion for HMOs (House in Multiple Occupation) remained unwavering—the ethos was clear: providing tenants with a home they could be proud of. Fast forward to the present day. and LEA Property Solutions has blossomed into a thriving enterprise. With a team of five, she operates out of the Westerfield Business Centre. Her portfolio includes over 40 properties and 250 tenancies, catering to both working professionals and student house shares. But it doesn't end there. She offers additional property services, from sourcing to renovation management and interior design advice. Her experience and passion drive her to share insights at property events and podcasts, connecting with like-minded individuals in the industry. To contact Lucy and find out more about what she does (and how she can help you if you're investing in Ipswich) her are her details! Lucy Lea Managing Director LEA Property Solutions LTD 07811217072 Registered Company number 9022391 www.leapropertysolutions.co.uk

My guest this week has a vast financial and business background which made his entry into property investing an interesting one! Utilising his understanding and knowledge of the macro economic picture, he has been able to translate all those figures and graphs into meaningful content to help others invest wisely.  Adam Lawrence has built a significant portfolio through adding value, leveraging safely and finding potential that others have missed. He now owns other businesses which are in the business of supporting his property investments. The central tenets are risk management and sustainable growth in a sector which is crying out for reform, efficiency, and ethical business people. It was enlightening, educational and highly interesting to interview Adam - I discovered a lot I didn't know alongside our joint passion for seeing the 'bigger picture' when it comes to property investing.     

Ethan Roscoe originates from South Africa. He came to the UK to start a new life and soon saw the possibilities that property investing offered him. After redundancy he came to realise the power of owning assets, and in this week's interview, he shares how he has maximised the assets to their full.  In the early days, he adopted the suggestion to use his car as a tool for marketing - until a very funny thing happened. It had me in stitches of laughter. I wonder if it will make you laugh too

Thomas Rozycki and Isobel Ferris met at University and knew that they wanted to start investing in property as soon as they could. Their professional careers took off but were ideally suited to starting a property company and soon Easy Living was born.  With a background in design and project management, Issie saw the potential of the brand, and with Tom focusing on the refurbishment work, they created a unique team which utilised both of their skillsets.  I had the pleasure of being their mentor for a year - a year in which they achieved some fantastic results. It was great to catch up with them and see how far they have expanded and what their plans are for the future.    ---------------------- For more information, guidance and support to help you invest in HMOs and create a profitable property portfolio, please head on over to my website www.hmosuccess.co.uk You'll find some free downloads to learn about HMOs as a high cashflowing strategy and how you can get started with very little money. If you want to learn more about my amazing tips which I compiled to help people just like you, you can get your own copy of my '101 Essential Tips for Running a Professional HMO' here. (Just pay postage and packing).  For a FREE 30 minute call for any help you might need with HMOs, and to understand what I can offer you to help you progress your portfolio, please book a call here: https://fwfozt-free.10to8.com/ I look forward to hearing from you! Wendy

Today's episode is all about the three areas of HMO Management - Finance, Property and Tenants.  When you're scaling up your business it's easy to take your eye off the ball and forget that you are the owner, manager and leader. The buck stops with you. If there's a problem with compliance, or certificates, or the roof falls in - it's your building and therefore your problem.  Even with a good managing agent, you will have to take more responsibility with an HMO. By addressing each of these area, you can make them work like clockwork, and you can outsource as much as possible too. By doing so, you'll free up your time to lead, strategise and develop your business.  This is crucial, as good business design leads to good life design.  ----------------------------------------------- For more information, guidance and support to help you invest in HMOs and create a profitable property portfolio, please head on over to my website www.hmosuccess.co.uk You'll find some free downloads to learn about HMOs as a high cashflowing strategy and how you can get started with very little money. If you want to learn more about my amazing tips which I compiled to help people just like you, you can get your own copy of my '101 Essential Tips for Running a Professional HMO' here. (Just pay postage and packing). https://www.hmosuccess.co.uk/101-book-pp My facebook group is a lively community of HMO investors where you can find tips and tricks to investing in HMOs and you can join here.  https://facebook.com/groups/TheUltimateHMOSuccessSystem/ For a FREE 30 minute call for any help you might need with HMOs, and to understand what I can offer you to help you progress your portfolio, please book a call here: https://fwfozt-free.10to8.com/ I look forward to hearing from you!  

Join me and my partner Andy Large in this insightful podcast episode as we delve into the recent UK budget announcements. With changes to the tax and management regime for short-term lets / serviced accommodation providers, and changes to Capital Gains Tax (CGT) and the abolishment of multiple dwellings relief, there's much to discuss. How will these changes affect the HMO market? Will we see SA units coming onto the market in the form of HMOs? How will SA operators react to the new tax regime as they now grapple with what this means for them?  Wendy and Andy break down the implications of these changes, offering valuable insights for small business owners and property investors alike. Tune in to stay informed and prepared in the ever-evolving financial landscape.

In my latest episode on the HMO Success Podcast I had the privilege of sitting down with Sue Sims, the visionary founder of award winning Genie Homes, to delve into her expertise in supported housing HMOs (Houses in Multiple Occupation). As an online training session, she was not only able to answer my questions, she got to grips with all the questions asked by the audience! With a passion for creating sustainable living spaces that meet the diverse needs of individuals and communities, Sue has become a trailblazer in the realm of supported housing and HMO development in the UK. She is also the founder of Partners in Property - one of the UKs most well known and respected networking communities.  Throughout our conversation, Sue shared invaluable insights into her innovative approach to creating homes that work exceptionally well for those in need. She discusses the pros and cons of working in this sector, what you need to know to get into this area of housing and the challenges you might face.  If you would like to be notified when I hold another live online session and ask your questions to my expert speakers, please email me on wendy@hmosuccess.co.uk or visit https://www.hmosuccess.co.uk/contact/ If you want to learn more, tickets to her Social Housing debate (as mentioned on the podcast) can be reserved here: https://www.eventbrite.com/e/big-social-housing-debate-sue-sims-sarah-walker-lisa-brown-toby-wilde-simon-tickets-848444238557?aff=erellivmlt https://suesims.co.uk/ https://partners-property.com/

In today's podcast my guest is an investor who started in HMOs after a dawning realisation. I'll let him describe to you what that was! Following this revelation, he and his wife Philippa re-imagined what student shared houses could be like. Not only so that they work as an investment, but also so those living there benefit. They launched their business, FAT properties, and have steadily built a profitable and unique portfolio, serving the student market across the North West of the UK.  Tom Charrier is the guy I'm talking about, and I think you'll love his fresh, innovative approach.  Their mission is simple: to create beautiful, spacious student homes to inspire. As they say: 'The perfect balance of social life and study life, they're designed for you to succeed. At Uni, at life'. If you're thinking about student HMOs or you've already got some but are looking for ways to stand out in a crowded market, then Tom might just be the person to help you. In today's episode he also shares ways in which he and Philippa are making inroads supporting students with their overall wellbeing and mental health.  Inspiring, creative and thought-provoking.  You can contact Tom here: https://fatproperties.co.uk/ ------------- For more information, guidance and support to help you invest in HMOs and create a profitable property portfolio, please head on over to my website www.hmosuccess.co.uk You'll find some free downloads to learn about HMOs as a high cashflowing strategy and how you can get started with very little money. If you want to learn more about my amazing tips which I compiled to help people just like you, you can get your own copy of my '101 Essential Tips for Running a Professional HMO' here. (Just pay postage and packing).  For a FREE 30 minute call for any help you might need with HMOs, and to understand what I can offer you to help you progress your portfolio, please book a call here: https://fwfozt-free.10to8.com/ I look forward to hearing from you! Wendy      

I met Paul a few years ago at a property networking event and he has become a firm friend, confidante and amazing supporter! He and his wife Liz set up Property Angels in Leeds a few years ago and rapidly built a strong HMO portfolio, eventually owning and managing over 260 rooms.  They decided to scale back, pay down debt and consolidate their portfolio when they realised that neither of them were achieving what they wanted to with such a large and occasionally cumbersome portfolio. Since then, Paul has launched his own breakfast networking group in Leeds which he hosts monthly, taken up surfing, and as a family they are keen travellers sharing motorhome life with their daughter, Millie. Their courage to ask what they really want in life and to do it, is a shining example of a lifestyle rather than an empire business.  Paul is a great advocate of finding what you're good at and doing it well. And letting others do the rest! He shares how he is using his knowledge of investing, money markets and property to ensure that his income and wealth are protected and growing whilst still having an amazing quality of life and lots of fun doing it! I find Paul inspiring, lovely and insightful and I was so pleased to have him once more as my guest on the HMO Success Podcast. Contact him via his website - https://paullanfear.com/  

In this insightful and informative episode of the HMO Success Podcast, Wendy Whittaker-Large, the host, interviews renowned tax-saving expert and chartered accountant, Shaz Nawaz. Drawing on his personal experiences as a property investor and tax specialist, Shaz shares practical recommendations on how to significantly minimize tax liabilities in property investments, from point of purchase through to operation. Shaz simplifies complex tax scenarios, focusing on capital allowances for property investors, incorporating unique real-world examples. He shares invaluable resources for a deeper understanding of tax allowances and reliefs. The episode delves into a range of tax-related topics such as stamp duty land tax (SDLT) breaks, practical strategies to evade stamp duty land tax, and the benefits of incorporation relief. Continuing the enlightening discussion, this episode broadens into refinancing strategies, fixed deals, and tax predicaments. It provides an in-depth exploration into a practical case study demonstrating tax-saving mechanisms in the property arena, thereby uncovering the lesser known prospects of property incorporation. The podcast transitions into detailed, real-world examples demonstrating how capital allowances can drastically decrease future tax liabilities. It discusses the benefits of land remediation relief, especially for asbestos contamination. Beyond this, Shaz shares his experience with negotiating with local councils for rate relief and tips on intelligent business tactics like strategic decision making on property to secure tax benefits. This episode of the HMO Success Podcast is filled with practical advice and hands-on examples aimed at property investors looking to maximize their investment returns while minimizing their tax liabilities. Tune in to gain invaluable knowledge on tax efficiency strategies for property investment. To contact Shaz you can email him at   shaz@aa-accountants.co.uk You can buy his book on Amazon here : https://www.amazon.co.uk/Property-Investors-Tax-Guide-Progressive/dp/1909846678#:~:text=Written%20in%20a%20straightforward%20and,and%20examples%20from%20real%20life.

How the Post Office Scandal has similarities to the HMO Council Tax miscarriage of justice. A discussion! In this episode of the HMO Success Podcast, Wendy Whittaker-Large delves into the mounting challenges that landlords across the UK face, drawing an insightful correlation between the recent post office scandal and the complexities surrounding HMO and council tax. Addressing the repercussions of systemic disparities and exploring potential resolutions, Wendy dissects the complexities of the system that influence landlords, tenants, and millions of UK residents. Unravel the correlation between the post office scandal and the impending HMO council tax reform in this riveting session. Discover what led to the government's scramble in 1992 to move on from poll taxes, resulting in the current poorly defined and misunderstood council tax legislation affecting landlords and tenants alike. Understand how systemic miscarriages of justice mirror this scandal. Through compelling dialogue, Wendy articulates the dire consequences of the flawed system that stifle ordinary citizens, hinder fair representation, and maintain dubious rulings. Emphasizing the urgency of legal aid accessibility for those affected by wrongful decisions, this episode further delves into the unaddressed matter of backdated council taxes. Drawing parallels between the post office scandal and council tax, the conversations underline the necessity of collective action for systemic change. Highlighting the powerhouse of the HMO Council Tax Reform group, this episode stands testament to their relentless fight for fair representation, reminiscent of the historic Magna Carta. Ending on an optimistic note, Wendy brings forward affirming updates from the HMO Council Tax Reform Group, showing commitment to righting the system's imbalances and injustices. Tune in for an enlightening discussion about the course for a just system for all those grappling with the complexities of the HMO council tax legal framework.

How a single mum went from broke to being a property multimillionaire! Susie Cole on health, wealth and happiness. Susannah Cole started in property because she had a problem to solve. As a head of household with two little children, her month and money were only just meeting (and sometimes there was a gap) and she wanted more time with her family rather than having to swap her time for money at work. She could see property could deliver that, so she set to! She started The Good Property Company in 2011, as a kitchen table start-up. At first the goal was to source deals for investors, work on JV flips and then invest in property for herself and her family, to reach Financial Freedom and get to her personal goal which was more time with her family and loved ones, and the relatively passive money coming in, to not worry about money! In the first four 1/2 years of being full time in property, The Good Property Company sourced more than 200+ properties, all in Bristol, with a value of over £45 million, at a purchase price of £30 million(before refurb).She was asked by Wendy, who became her first student, to share her simple step-by-step-systems, and since then she has taught thousands of student to flip, deal source, JV, find investors and undertake the journey to get to Financial Freedom, so they can reach their goals, and spend more time with their family and friends, and live life on their terms.She has a fantastic YouTube channel (Susannah Cole / The Good Property Company), and a super helpful website where you can download helpful property checklists and packs, and join her online 60 Day Academies, as well as watch her motivating and helpful property webinars on Deal Sourcing, Flipping, and Investing. Not bad for a start up! Since then. life has taken its various turns and Susannah shares candidly about her recent health scares and how she has pulled through with her usual tenacity and wisdom.  A fantastic guest who shares her enthusiasm for both property and entrepreneurialism, who is not to be missed! To find out more about Susannah Cole and her company, The Good Property Company ,here are your links: Website:https://thegoodpropertycompany.co.uk/ YouTube:https://www.youtube.com/c/TheGoodPropertyCompanySusannahCole Insta:https://www.instagram.com/susannahcoleuk Facebook:https://www.facebook.com/SusannahColeTGPC  

Unlocking the Secrets to HMO Mortgages - Exclusive Interview with a Specialist HMO Mortgage Broker! Getting access to the right finance before, during and at the end of your project is key to success. Without the right kind of finance and financial advice, you could find yourself haemorrhaging money during the refurb, or leaving too much money in at the end of the project.  Knowing when to execute the re-finance, along with the characteristics that make a feasible project for pulling all your money out is the specialism of my guest today.  As a Specialist Property Finance Broker, Henry Barley from Advocate Finance has helped us multiple times to get the right finance for our HMO and development projects and also for many of my clients. He knows masses about HMOs and in particular the wide range of products that are available for you if you're creating HMOs. To contact Advocate call 01206 544333 or go to their website www.advocatefinance.co.uk Address: Office 5 Aster House, Lanswood Park Business Centre Elmstead Market, Colchester, Essex, CO7 7FD   ------ If you would like to reserve your space on one of my upcoming events (HMO Discovery in Birmingham or London) please email me at wendy@wendywl.uk and I will send you the link to book and pay for your special place.    At just £99 +vat for a full day's interactive training, complete with refreshments, lunch and loads of tips, tricks and tools, you'll have an amazing day and get 2024 HMO investing off with a bang!

The Top 10 HMO Mistakes not to make in 2024! Avoiding problems is just as important to success as having results. In this episode I go over the top 10 mistakes that I often see HMO investors make and how and why they happen.  Whether you are a seasoned investor or you are just getting started, I'm convinced that these top 10 mistakes can be avoided, which could be vital to your progress.  Over the years I've been investing, I've seen HMO businesses come and go, and the ones that last the course seem to be able to incorporate these lessons effectively year after year.  Please leave me a quick review on Apple Podcasts  or Spotify if you find this episode useful. Share, like and comment! Got any questions? Please get in touch via wendy@wendywl.uk (I answer all emails personally).  If you want to join my 1-2-1 mentoring program, you can enquire here. New to HMOs? Come along to my HMO Discovery Day where you'll learn my unique 5 Step System to creating a profitable HMO portfolio. Just email me for more details!

Why I don't set goals and I don't think you should either - Episode 106 This is an outrageous claim Wendy! What do you mean, you don't set goals and you don't think I should either?! Well, simply put - because, just like New Year's Resolutions, they often don't work! Instead, I use a simple action based planning system that helps me get into an excellent routine early in the year. And then I stick to it throughout the year. I have an accountability buddy who holds me to account and I track my activities each and every week this way.  It creates a routine, a system and embeds useful habits. All of which enable me to run a healthy, harmonious home and business.  Listen now to hear what I do, and get in touch if you would like to know more! Wishing you an amazing 2024 and a very Happy New Year! from Wendy xxx --------------

Why You Need a Five Step System to Create a Successful Portfolio of HMOs A SYSTEM saves you stress, time, energy and money.  It tells you what to do and when. Most people when they're learning something new benefit from learning from others who have already been there and done it. If you're trying to copy and paste an income generating model you don't need to create it from scratch. You can copy what others have done and improve it or adapt it to fit your situation. Smaller HMOs, larger HMOs, more attractive HMOs, better internally designed HMOs.  Two of the biggest mistakes I see are people waiting to start, or failing to plan - both lead to disaster. Both are risk. With a plan you have actionable steps that help you plot out your course. Easy to get lost and hard if you don't have a map Remember you are implementing not just learning. You need to learn and implement concurrently - simultaneously. With a five step system you know where you are on the journey and what you need to do to take your next step. You want to put this into practice which means making it happen. Time, energy and money.  It avoids overwhelm and it avoids procrastination It makes it easy - not simple, but easy. Would you attempt to cook something complicated without a recipe? I wouldn't! Getting each aspect right is key - from ingredients to timings to temperature.  HMOs are the same - legislation, regulations, housing standards, design, location, processes for managing, scaling up; a recipe for success.  A tried and tested recipe is a recipe for success not disaster.  This is my Five Step System: Find it Fund It  Finish It Fill It Future proof it All steps lead neatly from one to another Each is perfectly worked out.  I've written 2 books about my system, and I have learnt from my actions and taking risks and making mistakes so you don't have to.  I've raised £ millions  from investors to grow my portfolio and you can learn how to do this too in the Fund it section of the system.  I'm running a Discovery Day 27th Jan in Bham and 24th Feb in London - The investment is just £99 plus vat Please email me on wendy@hmosuccecss.co.uk to express an interest and you'll get my very special and unique 16 Weeks to Success Action Plan for coming along - absolutely free.   

HMOs in 2024 - What are the stats telling us?  Looking at the wider macro economic picture is crucial to understand where interest rates and property values might go. In addition there are a number of other statistics that help us as HMO investors to see the way the wind is blowing and what the opportunities and threats are to the HMO landscape. In this episode you'll learn what other factors are vital when looking at the economy and specific features that will affect HMOs in 2024.  To access the slides that accompany this podcast you can do so here ------------------------------------ For more information, guidance and support to help you invest in HMOs and create a profitable property portfolio, please head on over to my website www.hmosuccess.co.uk You'll find some free downloads to learn about HMOs as a high cashflowing strategy and how you can get started with very little money. If you want to learn more about my amazing tips which I compiled to help people just like you, you can get your own copy of my '101 Essential Tips for Running a Professional HMO' here. (Just pay postage and packing). https://www.hmosuccess.co.uk/101-book-pp My facebook group is a lively community of HMO investors where you can find tips and tricks to investing in HMOs and you can join here.  https://facebook.com/groups/TheUltimateHMOSuccessSystem/ For a FREE 30 minute call for any help you might need with HMOs, and to understand what I can offer you to help you progress your portfolio, please book a call here: https://fwfozt-free.10to8.com/ I look forward to hearing from you! Wendy      

Today is the DAY! The Legal Battle is Won! Episode 103 In case you missed the HMO Council Tax Reform Group's webinar last week about the changes to legislation and what you can do if you are still battling away, here it is! Today is the day when the law is officially changed so that no room in an HMO can be individually banded for council tax. We have been battling this for over two years but we found out a few weeks ago that legislation had passed into law and it gets enacted today! In today's episode you will hear the recording of a webinar we ran to answer questions about the process. We also have a FAQ document you can download here.  Please forward any questions to us via wendy@hmosuccess.co.uk or join our Facebook group https://www.facebook.com/groups/hmoct We look forward to hearing from you and listening to your stories. We will continue to support anyone who has been affected and are here to educate, inform and support.  We're planning a big celebration event early next year, so if you want to be on the guest list please complete the Contact Us form on our website here: https://hmosandcounciltax.co.uk/getinvolved/ And thank you if you did anything to support this amazing campaign!

Creating a Funnel for your HMO Business - Episode 102 You may not have realised that a funnel is a key part of your process to find investors, clients or properties. By learning how exactly to create a funnel, you can find the right properties and people to work with in your HMO business. Whether you are an investor, a developer or a sourcer - you need deals and you probably also need money.  Networking is a fantastic way to find lots of people - but are they RIGHT for you, and are you RIGHT for them?  In this episode I go into what makes up a successful funnel and how you can save yourself oodles of time and money creating one of these before spending hours on the road, or hundreds of pounds on advertising.  Having done this a number of times myself, I can teach you exactly what to do and the steps you need to take to get your business onto the next level. -------------------------------- For more information, guidance and support to help you invest in HMOs and create a profitable property portfolio, please head on over to my website www.hmosuccess.co.uk You'll find some free downloads to learn about HMOs as a high cashflowing strategy and how you can get started with very little money. If you want to learn more about my amazing tips which I compiled to help people just like you, you can get your own copy of my '101 Essential Tips for Running a Professional HMO' here. (Just pay postage and packing). https://www.hmosuccess.co.uk/101-book-pp My facebook group is a lively community of HMO investors where you can find tips and tricks to investing in HMOs and you can join here.  https://facebook.com/groups/TheUltimateHMOSuccessSystem/ For a FREE 30 minute call for any help you might need with HMOs, and to understand what I can offer you to help you progress your portfolio, please book a call here: https://fwfozt-free.10to8.com/ I look forward to hearing from you!

SPECIAL EPISODE - We Won Our Fight Against Council Tax on HMO Rooms! I am SO delighted to be releasing this podcast episode (even whilst away on holiday) as I just HAD to share the amazing news of our campaign win.  In the extraordinary 2 years since we set up the HMO Council Tax Reform Group, so much has happened, but we are excited beyond measure that our campaign has landed and the Government is changing its approach to banding individual HMO rooms for Council Tax.  In today's unedited and special episode, I'll explain exactly what the government has said, and a few questions that still remain to be answered! Overall the news is fantastic for HMO tenants and landlords. We still have some work to do in tidying up what has been going on for the last few years. But we'll get there!  “Never doubt that a small group of thoughtful committed individuals can change the world. In fact, it's the only thing that ever has." Margaret Mead ————————- Official Press Release Government set to axe multiple council tax bills on HMO properties End of  the ‘Tenant Council Tax' Welcome news has emerged that the Government is changing the law on council tax being imposed on individual rooms in Houses of Multiple Occupation (HMOs) . This change in the law will protect tenants in HMOs from being taxed on their bedrooms and returns to principles on which the council tax was established. Earlier in the year the Government announced an accelerated consultation on  reforming council taxation of HMOs after thousands of landlords and tenants were being adversely affected by a Valuation Office Agency policy of making individual bedrooms in shared houses liable for council tax. The policy increased the council tax payable by an HMO by many thousands of pounds, often making continued use as an HMO unaffordable. The Government has now announced the outcome of the consultation and is pledging to change the law by the end of the year. The Govt stated: “The amendment to legislation will ensure that HMOs will be valued as a single property, creating consistency in the sector, and provide certainty for councils and households moving forward. This should also help ease administrative burdens for councils as the council tax liability should remain with the landlord in the usual way, rather than moving to individual tenants who may only occupy the property for a short period of time.” These changes will reverse a policy  by the Valuation Office Agency on taxing HMOs first put into practice in 2015 whereby  randomly selected properties were being hit with multiple bills, one council tax bill for every bedroom, making the house liable for seven or eight times the original tax. Variously dubbed ‘Poll Tax Mark II' ‘Bedroom Tax Mark II'  or the ‘Toilet Tax' (when applied to en-suite bedrooms) the practice only targeted selected HMOs. Mistakes in law and fact were rife with, in some cases, cupboards and utility rooms being made liable for council tax bills. The impact of the policy has been to drive out tenants unable to meet the bills, cause overcrowding and in some cases forcing the closure of  entire HMOs, reducing the supply of available accommodation  for tenants on low and middle incomes. In other cases landlords were being  suddenly chased  for multiple bills by councils and debt collecting companies  collecting the tax. Effectively, this will protect both landlords and tenants  from excessive tax demands living in HMOs and prevent rooms without washing or cooking facilities being banded as flats with individual flats liable for tax. This has been hailed as a victory by the HMO Council Tax Reform Group  who have been campaigning tirelessly for this practice to end.  Alan Murdie, legal advisor and barrister for the group commented ‘This is excellent news in so far as it indicates that the government has recognised that VOA policy needs to view HMOs as a single property. We wait to see the implementation in practice.' Wendy Whittaker-Large and Daryn Brewer said ‘Landlords and tenants will be hugely relieved to see this change happening. No longer will there be any question about council tax and who is responsible for paying. It will be the landlord's responsibility to pay one bill for the whole property. We are delighted to have won this ongoing fight for the whole HMO sector' Matt Baker added ‘This gives certainty for the development of new and quality HMOs which is a huge help to the supply of much needed housing' .     The committee consists of Daryn Brewer, Alan Murdie, Matt Baker, Neil Chadda, Robert Johnson and an admin team and myself, Wendy Whittaker-Large.   https://hmosandcounciltax.co.uk/  ———————- Government Response to Consultation:  https://www.gov.uk/government/consultations/council-tax-valuation-of-houses-in-multiple-occupation-hmos/outcome/council-tax-valuation-of-houses-in-multiple-occupation-hmos-summary-of-consultation-responses-and-government-response  

Kirsty Darkins MRICS E: kirsty@kdcommercial.uk W: www.kdcommercial.co.uk About Kirsty ... I am a Chartered Surveyor by profession, starting in property in 1999 at an independent firm Innes England in Nottingham. During my career I have worked for blue chip companies including Boots, CBRE and Hammerson. I have a broad range of property and business experience having managed multi million commercial and residential property portfolios across the UK and Ireland for over 20 years. Over the last 6 years I have built my own consultancy business and portfolio of commercial property investments including retail, office and mixed use properties. I took a career break in 2014, travelled in Europe and did a lot of self-development education. This was the beginning of my transition from property professional to property investor. Having achieved my professional goals I knew that working for someone else exchanging time for money was no longer what I wanted to do. In 2016 I set up my own property consultancy and began investing in apartments on a Rent to Rent basis in Nottingham running them as Serviced Accommodation. I also launched Progressive Property Network, a monthly network meeting in Birmingham and have built a strong investor network and contact base as a result. Today I have a twin focus, my commercial property consultancy KD Commercial and building my own commercial property investment portfolios with my business partners Jamie MacPherson in JK PropCo for commercial investments and Jon Ballard in Wem Commercial for commercial and mixed use developments. I have also transferred my pensions to a SIPP investing jointly with other SIPP investors in commercial property flips.

A Englishman Down Under Creating Roomy Houses - the Aussie Version of HMOs   Neil Gibb is the passionate founder and managing director of The HMO Property Co, dedicated to transforming the property market and making a meaningful difference in people's lives. With a strong sense of compassion and determination, Neil recognized the housing stress and limited opportunities faced by many in the Perth property market, leading him to establish two businesses aimed at providing affordable accommodation options for West Australians and lucrative investment opportunities for investors across Australia.   Neil takes tremendous pride in the fact that his vision has already provided homes for over 650 individuals with another 260x rooms in the pipeline. However, his mission doesn't stop there. Through successful property investments, subdivisions, and new builds, Neil and his team have empowered more than 200+ investors, delivering an average 15% return on investment and positive gearing of approximately $20,000 per annum.   What truly motivates Neil each day is the desire to revolutionize the way we live. He firmly believes in the power of sustainable living options, fostering strong communities, and embracing social responsibility. By adhering to these principles, The HMO Property Co is changing the world, one property at a time. Whether you're an investor looking for cashflow positive income or an individual seeking a stylish, affordable, and secure place to co-habit with others, Neil and his team at The HMO Property Co are committed to supporting you every step of the way. They offer comprehensive guides on HMO investing, consultations, and are ready to embark on this incredible journey together. With Neil's leadership and unwavering dedication, The HMO Property Co is creating a future where real estate not only thrives but also positively impacts the lives of countless individuals. 

HMO Success Podcast Episode 98 - SHORT - Is the Property Investor Show worth going to?   Short episode reviewing my recent trip to London where I hosted a panel on the Dos and Don'ts of High End HMOs. 

HMO Success Podcast Episode 97 - Creating a Pipeline of Deals - 4 - Persistence   This characteristic is oh so necessary if you are going to be successful in life as well as property! Too may people give up right before the victory is about to happen! Don't let that be you! I've got some sage advice and encouragement if you feel that you are working hard and nothing much is happening. This happens to every investor from time to time.  Listen now if you feel stuck and need a push to keep going even when things are tough!

HMO Success Podcast Episode 96 - Creating a Pipeline of Deals - 3 - Paperwork In the third episode in this series, I will walk you through the PAPERWORK and what questions you need to ask a vendor to identify whether a deal is possible - and to identify what kind of a deal is possible. By ensuring you have all the right questions to hand, you will find out the key data that you need to crunch the numbers and make an offer. The paperwork is vital so that you collect the right information, understand the position and reasons of the vendor, and then can go back with a reasonable offer (whether this is for a rent to rent, lease option or delayed completion to name but three). You also need to know what paperwork to produce to move the process forward and at what stage you're ready to involve your legal team.  If you're new to working directly with vendors, this episode will help you as you ask questions and negotiate with a vendor, and will take you step by step through what you need to know, how to collect and retain the data, what paperwork you need to give to the vendor, and how to ensure you don't fall into the trap of making offers on the spot!  ----------- For more information, guidance and support to help you invest in HMOs and create a profitable property portfolio, please head on over to my website www.hmosuccess.co.uk You'll find some free downloads to learn about HMOs as a high cashflowing strategy and how you can get started with very little money. If you want to learn more about my amazing tips which I compiled to help people just like you, you can get your own copy of my '101 Essential Tips for Running a Professional HMO' here - https://www.hmosuccess.co.uk/101-book-pp (Just pay postage and packing).  My facebook group is a lively community of HMO investors where you can find tips and tricks to investing in HMOs and you can join here I look forward to hearing from you! Wendy   https://fwfozt-free.10to8.com/

HMO Success Podcast Episode 95 - Creating a Pipeline of Deals - 2 - Perception Part 2 - How do others perceive you and how do you perceive others? Perception is the art of gathering multisensory data and using it to shape your interactions with others.  In a property transaction, this skill will allow you to navigate complex negotiations and understand the other side's needs and desires. It will help you create a win-win (where there is one) and make offers on any property.  This episode is part of my mini series and sits under step of Find It!

HMO Success Podcast Episode 94 - Creating a Pipeline of Deals - 1 - Process Welcome to my mini series about how to create a profitable HMO portfolio. Over the next few weeks I will be uncovering my Five Step System Find It Fund It Finish It Fill It Future-Proof It   And we start today with Find It.  In this mini series, this first episode breaks down the first fundamental process to master - Finding Deals. If you can't find deals, you will struggle to build a property empire! Today I go over the first step which is having a Process. I explain why having a campaign is vital for you and why many investors fail. I also go over the four steps to Finding Deals (which I will be covering in future episodes). By breaking it down I hope to help you gain bitesize knowledge about how to grow your income from HMOs.  Please subscribe to the podcast so you don't miss an episode and bookmark the website so you can go back again and again!    ----------------- For more information, guidance and support to help you invest in HMOs and create a profitable property portfolio, please head on over to my website www.hmosuccess.co.uk You'll find some free downloads to learn about HMOs as a high cashflowing strategy and how you can get started with very little money. If you want to learn more about my amazing tips which I compiled to help people just like you, you can get your own copy of my '101 Essential Tips for Running a Professional HMO' here. (Just pay postage and packing).  https://www.hmosuccess.co.uk/101-book-pp I look forward to hearing from you! Wendy To book a FREE 30 minute consultation on anything HMO related please go here:  https://fwfozt-free.10to8.com/    

HMO Success Podcast Episode 93 - How Rent to Rent transformed my life! With Stephanie Taylor of Rent 2 Rent Success Stephanie Taylor is a property investor, Co-Founder of award-winning property management and development company, HMO Heaven, and Co-Founder of Rent 2 Rent Success which has inspired thousands of non-traditional investors to get started in property. Along with sister and business partner, Nicky, they grew their property management business quickly and bought their own multi-millon pound portfolio of multi-unit blocks, commercial property and HMOs. Voted Inspirational Person of the Year 2021, Stephanie has been featured on the BBC, Entrepreneur, Business Insider and The Telegraph. She is author of the number 1 best-selling book Rent 2 Rent Success and Host of The top 1.5% Rent 2 Rent Success Podcast. After decades of thinking that business and wealth were not for her, she is now a passionate advocate that ethical property investment is open to everyone, starting at any age.  Get a free copy of the Rent 2 Rent Success Book Pretty link: https://rent2rentsuccess.com/hmosuccess Ugly link: https://go.rent2rentsuccess.com/freebook?gclid=hmosuccesspodcast

HMO Success Podcast Episode 92 - HELPING EXPERTS TO CREATE AN IMPACT! - Kylie Anderson   After a lovely month away in Singapore and Australia I am back and raring to go! I am excited to be back in the podcast hot seat and ready to share more fabulous guests, relevant content and amazing knowledge. Today's guest just happens to be Australian herself, so I was thrilled to have her on my podcast. She has a wealth of expertise when it comes to using the knowledge you have to create additional streams of income - something many property investors yearn to do.  On Thursday September 14 2023, Kylie is hosting her inaugural Iconic Wealth for Women event in Central London (where I am speaking) and we would love to meet you there. For tickets please go to https://www.iconicwealthforwomen.com/iww-event It's a one day event where you will be spoiled - and nourished - both mentally and physically!  There's a host of exceptional speakers and panel sessions, and I know you will find this day inspirational and educational no matter where you are along your journey to wealth.  For more about Kylie and her services please visit her website - https://kylieandersoncoaching.com/ You can contact her on kylie@kylieandersoncoaching.com I do hope you can make it on 14th Sep and if you're coming alone - why not bring a friend too?     

HMO Success Podcast Episode 91 - Capital Allowances and HMOs - are they eligible or not? Paul Roberts from Property Capital Allowances explains more ... If you had assumed that HMOs were not eligible for capital allowances, think again! In this podcast (which is taken from a webinar recording) Paul Roberts from Property Capital Allowances - based just down the road from me in Stoke - discusses where you can find considerable tax advantages by claiming Capital Allowances.    There are many advantages to making a claim but you need to have expert advice if you're going to have your claim accepted. This is where Paul comes in.    For further information about what his business can do for you and an initial consultation call, you can get in touch with him here: paul.roberts@capitalallowancereviewservice.com 0330 174 1339 propertycapitalallowance.com

HMO Success Podcast Episode 90 - Gabriel Avramoaica on space design in your HMO and why it matters As a specialist designer of interior spaces, Gabriel Avramoaica has worked on many HMO projects which maximise income for their owners. By utilising space and interior design effectively he can turn a bland interior into one which not only makes your eyes pop but also impacts the rent achievable.  Here he explains what he does and how you can use his ideas to turn your project into an exceptional HMO, which generates thousands of pounds more in cashflow and in capital appreciation.  To contact him please go to:  Gabriel Avramoaica INTERIOR DESIGN STUDIO Title: phone - Description: phone-icon  07904 341353 Title: Email - Description: email-icon  contact@aristudio.co.uk Title: website - Description: website-icon  www.aristudio.co.uk    Social Media Links ARI STUDIO Website: https://aristudio.co.uk/property/ Facebook: https://www.facebook.com/gabriel.avramoaica LinkedIn: https://www.linkedin.com/in/gabriel-avramoaica-896804a1/ Instagram: https://www.instagram.com/aristudiodesign/      

HMO Success Podcast Episode 89 - You've seen him on the streets now hear him on my podcast! Paul Shamplina on his career, the Private Rented Sector and the role of HMOs in providing much needed housing. My guest this week is the (in)famous Paul Shamplina from Landlord Action, now part of the Hamilton Fraser group. Not only is Paul an eviction expert, he is a serial entrepreneur, having founded many businesses which support, train and service landlords. These include the Property Redress Scheme, My Deposits and Client Money Protect.  You may have seen him on one of the many series of Channel Five's ‘Nightmare Tenants, Slum Landlords' in his role as founder of Landlord Action, where he sought to deal with many problem situations! I was therefore honoured to interview him to understand his views on the private rented sector and HMOs.  As always he is engaging, thoughtful and immensely knowledgeable. You'll enjoy this one!   https://www.landlordaction.co.uk/paul-shamplina https://www.theprs.co.uk/news/a-day-in-the-life-of-paul-shamplina-filming-nightmare-tenants-slum-landlords  

HMO Success Podcast Episode 88 - Josh Keegan - the Ultimate FD  - How a Ruthless Analysis of The Numbers Can Lead to Significant HMO Growth.   I first met Josh a few years ago and since then he has gone from strength to strength. He started with HMOs and is now helping others grow their property businesses by giving them a handle on the finances like none other! He is  - An Award Winning Entrepreneur - A Property Investor - A Professional Speaker - A Chartered Accountant and a father of two.  You can find him here: https://www.ultimatefd.co.uk/ https://www.facebook.com/joshua.keegan/ Instagram: the_ultimate_fd

HMO Success Podcast Episode 87 - What to look for in an ideal HMO mentor - how Training, Education and Mentoring can supercharge your results. For more information, guidance and support to help you invest in HMOs and create a profitable property portfolio, please head on over to my website www.hmosuccess.co.uk  To find out more about my HMO Intensive day on 16th September please check this page out: https://www.hmosuccess.co.uk/hmointensivehome/ On my website you'll find some free downloads to learn about HMOs as a high cashflowing strategy and how you can get started with very little money. If you want to learn more about my amazing tips which I compiled to help people just like you, you can get your own copy of my '101 Essential Tips for Running a Professional HMO' here. (Just pay postage and packing).  https://www.hmosuccess.co.uk/101-book-pp For a FREE 30 minute call for any help you might need with HMOs, and to understand what I can offer you to help you progress your portfolio, please book a call here: https://fwfozt-free.10to8.com/ I look forward to hearing from you! Wendy  

HMO Success Podcast Episode 86 - Three Ways to Object to Council Tax on your HMO Rooms Did you know there are three ways you can object to council tax if your HMO gets individually re-banded? This is the audio version of a video I recorded last week to share how the VOA and VTE (Valuation Tribunal) works.  If you wish to join our Facebook group to find out more, and get support if you have been affected by this discriminatory version of poll tax, please do get in touch! We would love to hear from tenants and landlords as your stories are very powerful in our fight against this policy.  https://www.facebook.com/groups/hmoct Here is our website https://hmosandcounciltax.co.uk/  

HMO Success Podcast Episode 85- Ever thought about selling your business to go and do something else? Rhys Schofield from Peak Mortgages and Protection Everything we do at Peak is about being the best we possibly can be when it comes to what we do and that's seen us pick up a heck of a lot of awards as a group in the 4 years we've been trading. The best thing though is that you won't find a boring, stuffy atmosphere working with us. Just straight forward great service and plain talking advice. After years dealing with rubbish conveyancers and the endless delays, reputation hit and frustrations that stem from an antiquated way of doing things,  I have also co-founded of the epic Fix My Legals business. We now have hundreds of professional introducers, have rave reviews and are completing cases months faster than the UK average. This means happy clients and faster cashflow for property and mortgage businesses.   https://peakmortgagesandprotection.co.uk/

HMO Success Podcast Episode 84 - From Finance Executive to HMO Developer - Why Mindset Matters. Declan Boyle's Story! Declan first started working with me just over a year ago and in this interview he shares what he has learnt in his first year of investing. The ups and downs, the struggles and the learning. He reflects on how his mindset has changed the most and it was unexpected for him, given that he already had an acute understanding of finance and money. He describes some amazing deals he has got involved in and where his progress has happened fastest.  If you're thinking about investing in HMOs you will want to hear from an insider, just what you can expect from your first 12 months!   To contact Declan - here are his contact details https://tweedmouthproperties.co.uk Instagram:  tweedmouth_properties  Email: hello@tweedmouthproperties.co.uk

HMO Success Podcast Episode 83 - The Renters Reform Bill and HMOs If you are trying to digest this information and understand it fully here's a useful guide: https://publications.parliament.uk/pa/bills/cbill/58-03/0308/en/220308en.pdf https://www.gov.uk/guidance/guide-to-the-renters-reform-bill https://bills.parliament.uk/bills/3462/publications   To register for my webinar on Monday 22nd May at 7pm please do so here:  https://us06web.zoom.us/webinar/register/WN_qtX9GayLQxCmaW8EMH0Sug#/registration   ------------------------------------------ For more information, guidance and support to help you invest in HMOs and create a profitable property portfolio, please head on over to my website www.hmosuccess.co.uk You'll find some free downloads to learn about HMOs as a high cashflowing strategy and how you can get started with very little money. If you want to learn more about my amazing tips which I compiled to help people just like you, you can get your own copy of my '101 Essential Tips for Running a Professional HMO' here. (Just pay postage and packing) here:   https://www.hmosuccess.co.uk/101-book-pp I look forward to hearing from you! Wendy  

HMO Success Podcast Episode 82 - The HMO Daddy began investing in HMOs when he saw the possibilities they offered. Is that still true today? Jim Haliburton on his life and legacy. Jim Haliburton is a one-of-a-kind investor. As a law lecturer, he saw the opportunity for student HMOs way back in the early 1990s. But how did he start to invest and what guidance did he take? He built a huge portfolio of HMOs before deciding to scale down and stick with the ones that were most profitable.  What are the lessons he has learned over the years and what is his unique take on the market?  He offers advice in his inimitable style about how to reduce your energy costs  - in fact he claims he can get rid of your energy costs altogether.  His unique approach to investing in the West Midlands has seen him get a fair share of flack. He has often courted controversy with his no-nonsense approach. Listen to the man himself to learn how you can adopt some of his devil may care attitude and sleep better at night! To download a copy of the book Jim refers to, please go to https://hmodaddy.com/books/

HMO Success Podcast Episode 81 - What to do when eviction is your only option. Five tips for a successful eviction!   We had to go to court this week to evict two tenants from a buy to let property that we own. I came home and wanted to get my thoughts voiced so that I could help you if you have to evict someone from a property. I am not a legal advisor or a solicitor - these are my ramblings about how you should deal with it if this issue ever affects you.  I've outlined my five key tips to assist you when dealing with this problem, and I hope it helps. It's not a nice situation, but one that you are likely to face at some point.  Let me know your thoughts!

HMO Success Podcast Episode 80 - Financial Markets, Housing and the Banking Crisis : What does this mean for HMOs (A Mentoring Webinar Recording)   Please join in as a guest on one of my monthly mentoring webinars - usually exclusively for my paying clients - but this month you can listen in as we discuss the banking crisis (whether it is one or not), financial markets and changes to interest rates, and how inflation is affecting HMOs. Also what to be aware of in the coming weeks and months and how to prepare for changes to taxation and allowances.