How on earth did we make it to Episode 46 without talking about HMOs? They’ve become a hot topic in recent years as investors have started to focus on cashflow rather than capital growth, so we thought we’d better correct our omission and give them a full episode.
We talked about:
- What an HMO actually is anyway
- Why they’ve become so popular
- A real-life example of how profitable they can be
- The downsides that might put you off
- The situations in which HMOs might or might not be for you
- How to do it right, if it is something you want to do
It’s one of those topics that stirs up strong reactions on both sides, so take a listen and let us know which side of the fence you fall on!
(Also, an apology: we said in the episode that to be an HMO there need to be two different households sharing a kitchen and bathroom; we meant a kitchen or bathroom. See here for a more comprehensive definition.)
Resource of the week
Thank you to the unofficial sponsor of this section, Hub member Guy Routledge, who’s dug out another great resource for us.
This week it’s Lodger App, which is a new web app to help you manage your rental properties.
Until recently, software for landlords has been pretty clunky, so although we’ve not tried this one out yet it’s nice to see some new, well-designed offerings targeting this market. Give it a go and let us know what you think!
This week’s news
The Telegraph reports this week that the London property market generates more wealth than New Zealand. That’s not the New Zealand property market…the whole of New Zealand.
We don’t mean any offence to our Kiwi listeners, and who knows whether it’s desirable or sustainable, but still – got to love eye-catching facts!
Mentions this week
We finally got to talk about the Property Hub Launch Party – what a fantastic afternoon! We had a great time meeting as many people, new and old, as we could, and thank you so much to everyone who spent a rare sunny Saturday afternoon with us. It really brought home why we do this in the first place.
If you’ve not got involved in The Property Hub yet, what are you waiting for? There are some brilliant discussions happening already, so go create your free account!
Join the conversation!
Are HMOs something you do, or would consider adding to your portfolio?
Are there any factors we failed to talk about?
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