Listen "Student HMOs v Professional HMOs"
Episode Synopsis
#18You’re looking for the perfect UK investment opportunity... You’ve decided on a strategy of high cash flowing Houses of Multiple Occupation. But should you target students or professionals for your HMOs?You’ve heard that students will wreck your property leading to high maintenance costs. And they disappear in summer leaving your property empty. But you’ve also heard that professionals rarely stay for longer than six months, so your managing agent is constantly looking for new tenants.Understanding your investment area is a key factor when entering the buy-to-let property market in the UK.Stuart Lordan initially targeted students but adapted his strategy due to the changes in his chosen investment area of Plymouth. He now targets both.While HMOs definitely provide impressive rental income, Stuart has found that a laser focus on reducing maintenance costs can help ensure that his portfolio returns a healthy profit for his portfolio.This episode is packed with useful information for expats thinking of investing in HMOs, giving you the skills, knowledge and tools for smarter UK property investing. Rate, review and follow the show at www.expatpropertystory.comChapters: Expat Property Story (2’00”)Joke (8’19”)Postcode Challenge (8’32”)Student HMOs (10’06”)Students v professionals (12’51”)Landlords leaving the sector (15’51”)Managing expenses (16’59”)A case study: 13-bed HMO (22’33”)Advice for remote investors (26’19”)Working with investors (27’38”)Risk (28’53”) Highlights (29’36’)
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