Discover my top five tips and tricks that I have discovered along the way. I love Rent-to-HMO, and in this episode, I'm going to break down my top tips and tricks that I have learnt along the way to building a seven-figure Rent-to-Rent business. 

It’s not always easy, but if you get it right and achieve a good relationship with your tenants, it will make everyone’s life easier. So let’s get straight into it with point number one: Care about your tenants. Caring for your tenants goes a long way, and a keyword that rings home for me is gratitude.

During COVID, occupancy rates were reasonable, but they did slip at times. The larger your portfolio gets, the more complicated and more challenging it feels to fill the rooms. I want to share what I've done to get the numbers back up to 100% occupancy and a critical factor that has made a significant impact. In today's episode, I'm going to run through my top five tips to fill your HMO rooms fast. 

Article four directions are legal means by which a local authority can require property owners to seek permission to convert a single dwelling house into a small HMO. In other words, normally, in a non-article four area, you can apply for an HMO licence on any property. 

In an article-four area, you have to get planning permission, and you have to change the use of the property before you can apply for the HMO license. 

The first consideration needs to be property stock. First, you need to find out if there are suitable properties to-let. For example, if there are many properties available that can indicate how motivated a landlord will be and if there is an opportunity for you to help.

I have been fortunate in that most of my tenants have been amazing, and I'm cautious about looking for red flags when accepting an application process. However, I have not been able to avoid bad tenants entirely, and in this episode, I run through my top three worst experiences.

One of the most frequently asked questions I get; Professional vs Student HMOs, what would I recommend. I am going to run through six key performance indicators; rental income, expenditure, length of tenancy, occupancy rates, management, and analyse the risk of each method during a recession.  

Which strategy do you prefer SA or HMO? Here I am going to discuss which approach has the edge, the method I favour and what you need to be doing now to safeguard your business during current uncertain times.