Let's talk HMOs: Maximising layouts, increasing profits, and scaling up your portfolio.​

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Chances are, if you are researching more about HMOs (or about how to scale up an existing HMO portfolio) then there’s a reason you aren’t out there investing and are here reading this. I’m guessing there is a key problem, issue or concern holding you back? I hope the resources I’ve provided on this page will help you move forwards.

I’ve faced my own share of unforeseen problems developing HMOs over the last 20 years but each challenge has allowed me to develop a winning formula that ensures success with each new HMO development I do. I’ve shared some of my expertise in my free HMO ebook, and you’ll also find a chapter on HMOs in my latest For Dummies book. 

The level of profitability in any HMO is determined by a number of key factors that you MUST get right at the outset, including;

  • Identifying the right location with a high demand from the right type of tenant
  • Planning the best layout that really maximises the use of space in a property
  • Getting the right finance in place to allow you to grow your portfolio
  • Negotiating the right purchase price for the property
  • Avoiding getting caught out in planning or licensing regulation
I cover each of these topics below (and in more detail in my books) but if you are keen to overcome your issue now, booking a 1-2-1 mentorship session with me is a fast-track way to move forwards with my help and expertise. You can book a free ‘taster’ call in with me here. 

Let’s get started with location, location, location…

"The majority of my own success in property has been using the HMO strategy. I've built a £20million+ portfolio with projects that have in excess of 30 rooms."
Nicholas Wallwork
DEVELOPER, INVESTOR & AUTHOR

Choosing the right location for your HMO is essential.

Get things in the right order. You can’t choose a location if you don’t know who your target tenants will be. For example, if you want to attract young professionals you need to choose a busy town or city with a high demand from that rental market.

Whether a property is classed as an HMO depends on a number of factors. In England, the government planning department defines an HMO as a property with

  • At least three tenants living there
  • Tenants forming more than one household (a household being a single person or members of the same family living together, including married and co-habiting couples)
  • Shared kitchen and bathroom facilities

Landlords and developers also need to understand when a property becomes classed as a large HMO, as this incurs different licensing requirements. A large HMO is defined as being;

  • Rented to more than six people (not of the same household)
  • With shared kitchen and bathroom facilities.

The rules surrounding HMOs are constantly changing local UK authorities are demanding licensing for both large and small HMOs. Licensing is a very important part of running HMOs that needs to be understood and adhered to.

Planning the best layout for your HMO

Get things in the right order. You can’t choose a location if you don’t know who your target tenants will be. For example, if you want to attract young professionals you need to choose a busy town or city with a high demand from that rental market.

Whether a property is classed as an HMO depends on a number of factors. In England, the government planning department defines an HMO as a property with

  • At least three tenants living there
  • Tenants forming more than one household (a household being a single person or members of the same family living together, including married and co-habiting couples)
  • Shared kitchen and bathroom facilities

Landlords and developers also need to understand when a property becomes classed as a large HMO, as this incurs different licensing requirements. A large HMO is defined as being;

  • Rented to more than six people (not of the same household)
  • With shared kitchen and bathroom facilities.

The rules surrounding HMOs are constantly changing local UK authorities are demanding licensing for both large and small HMOs. Licensing is a very important part of running HMOs that needs to be understood and adhered to.

How can I help you with your HMO strategy?

Book a free 'taster' call with me to find out how I can help you fast-track your HMO success with my 1-2-1 mentorships!

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I can help you with any of the following aspects of sourcing, managing and running a profitable HMO (of any size):

Financing HMOs

Breaking down the HMO Financial Model

Sourcing HMO Properties

Converting your existing home into an HMO

Buying a property to turn into an HMO

Deciding who you want to rent to

Finding the best location for your HMO

Staying on the right side of the law

Complying with HMO regulations

Sorting out planning requirements

Dealine with Mandatory HMO Licensing

Key health and safety considerations for HMOs

Managing your HMO

Tenancy agreement

Finding and vetting tenants

Managing tenants and the property

Scaling up your HMO portfolio

Mega HMOs

Let’s get back to basics: What exaclty is a HMO?

In very simple terms, an HMO (House in Multiple Occupation) is a residential property where rooms are rented out to multiple separate tenants (often young professionals or students). As an example, a three-bedroomed house with two reception rooms could potentially be converted into a five-bedroom HMO, rented to five separate tenants.

Whether a property is classed as an HMO depends on a number of factors. In England, the government planning department defines an HMO as a property with

  • At least three tenants living there
  • Tenants forming more than one household (a household being a single person or members of the same family living together, including married and co-habiting couples)
  • Shared kitchen and bathroom facilities

Landlords and developers also need to understand when a property becomes classed as a large HMO, as this incurs different licensing requirements. A large HMO is defined as being;

  • Rented to more than six people (not of the same household)
  • With shared kitchen and bathroom facilities.

The rules surrounding HMOs are constantly changing local UK authorities are demanding licensing for both large and small HMOs. Licensing is a very important part of running HMOs that needs to be understood and adhered to.

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