The HMO Success Podcast with Wendy Whittaker-Large

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.

HMO Success Podcast Episode 79 - Susannah Cole from The Good Property Company - starting, staying the course and seeing the growth! Susannah Cole started investing in property when she realised she had to find a way to increase her personal cashflow. As the head of household, with two young children, the £10 spare change she had per month was never going to give her the income she wanted or needed. By discovering how to add value to a property, and then re-finance it, she began to build up a sizeable portfolio. She launched TGPC as a Deal Sourcing and JV Flipping Company, sourcing over 200 deals, at a value of £45 million for an agreed price of £30 million in less than 5 years. Her first 42 flips sold for £402k more than expected and she has raised (and fully paid back) ££millions in private finance. Today she helps property investors, from start up to experienced, through her Flagship Online 60 Day Academies and online property programmes. She lives both in Barcelona near the Mediterranean and Bristol where her substantial property portfolio is based and enjoys travelling this wonderful world we live in. She has extensive experience in flips, HMOs, B-R-R and is a well-known and highly regarded property expert.

HMO Success Podcast Episode 78 - Nataliya Makhonina-Byrdan - How a Russian woman is changing the face of Estate Agency in London Managing a family, a business and a burgeoning HMO portfolio, Nataliya Makhonina-Byrdan is a woman on a mission. Not content to be running one of the most successful start up estate agencies in London, she herself decided to invest in HMOs and see what investors see as she sells them houses to live in. Working with high net worth clients and those from overseas looking to base themselves in the capital Nataliya speaks the language of the buyer, the investor and the vendor. These are not transactions: these are relationships which allow her to support and impact the lives of her clients. As well as being multi lingual in a property sense, she is literally multi-lingual too and works with clients across the world to help them find their dream home in London. If you wish to contact her to find out more about how she can help you, her contact details are here: Nataliya Makhonina-Byrdan Company Director ‪Mobile: +44 7553 109657 Email: nataliyamb@ukpropadv.com Office: +44 20703 00343 Email: info@ukpropadv.com ukpropertyadvisors.com/en london.ukpropertyadvisors.com kwuk.com

Neil Chadda is an HMO investor, entrepreneur and business owner. He has been investing in HMOs in London and is also the admin for the HMO Group on Facebook - the largest HMO Facebook group with over 10,000 members. He has recently launched NEVO - a new platform to help HMO investors systemise their business. It works for investors, landlords, operators and lettings agencies. In our interview, Neil discusses the challenges of being an HMO operator in 2023, how he sees the landscape moving forward and how NEVO can help solve some of those tricky issues. Neil is also part of the HMO council tax reform group and his previous role as a political lobbyist has helped us to shape and frame a message more effectively. He talks a little bit about his role in the group and the strength of the campaign in 2023. To contact Neil please use the details below: Neil Chadda neil.chadda@nevoliving.com 07957785533 www.nevoliving.com

HMO Success Podcast Episode 76 - How a Property Stager can Sell your HMO rooms faster and for higher rent Helen Saunders is CEO of No26 Property Stagers - and she claims she can sell rooms faster than you can advertise them. With HER help, many landlords have seen their rooms go from empty to full overnight! In today's episode Helen explains what she does and why she does it - and what results she gets for her clients (which are truly amazing by the way). Maybe you wondered what a property stager did and how they can help you? Listen in to find out more! Helen can be found here: https://www.no26propertystagers.co.uk/home-staging

HMO Success Podcast Episode 75 - Efficient Tax Planning for Growing your HMO Portfolio Neil Ryder from https://propertytax360.co.uk/ is a tax expert who has helped multiple clients reduce their tax liability and increase their income through careful and expedient planning. In this revealing interview, he uncovers some of the areas that the unwary investor could encounter if they are not well educated about tax. Inheritance tax, Capital Gains Tax, Stamp Duty Land Tax, Income Tax - these all cost us money to pay, and reduce our cash to invest with. How can you legally and compliantly reduce these bills? Section 24 has made a huge impact to investors, and forced many to leave the industry - with Neil's help, you could completely mitigate the impact of Section 24. On the other side of the coin, you have allowances - capital allowances, CGT allowance, incorporation relief - to name but three. How can you maximise these allowances and therefore increase what you keep? When it comes to planning how to grow and planning how to leave a legacy to your loved ones, have you considered how your estate could be treated on your death and what impacts your lack of tax planning might have? Neil doesn't give quick and easy answers. He's not one to suggest a SSAS or a Trust is the answer - if they are not products that fit your overall goal. He has some incredible solutions up his sleeve which are creative and workable and personalised to your unique goals. To contact Neil, please visit his website https://propertytax360.co.uk/

HMO Success Podcast Episode 74 - Are HMOs a lot of work? If you're worried about the time commitment needed to create a profitable HMO portfolio, in this episode I share my story about how I went from 0 - 50 rooms without any help and how I did it on 10 hours a week! After that, for my business to scale, I had to employ staff, systemise my processes and focus on my business priorities. Perhaps you're wondering how your time will be spent and if you can manage that around a full-time job and family commitments Hopefully my story will help you to see that it is possible with grit and determination (and effort). HMOs are not easy but they are lucrative, and if you're willing to commit a handful of hours per week, you too can make this investment work for you. You'll find a very special invitation embedded in the podcast and if you want to join me on 10th December at my event 'How Can I Invest in HMOs in 2023?' here's the link to reserve your space. I'm so looking forward to sharing my latest deals and the opportunity for YOU that is available when you decide to say yes to HMOs. Please reserve your place here: https://www.hmosuccess.co.uk/how-can-i-invest-in-hmos/ ------------------------ If you find this podcast useful, inspiring and helpful, please subscribe and share! ----------------------- For more information, guidance and support to help you invest in HMOs to 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). I look forward to hearing from you! Wendy

HMO Success Podcast Episode 73 - How will the chancellor's Autumn Statement Affect HMO Investors? In this episode I wanted to do a deep dive on the announcements made by the UK's chancellor of the exchequer, Jeremy Hunt MP last week in his Autumn Statement. Changes to tax, CGT allowances and incentives to invest and grow are discussed. What are your views? Do you think this statement (budget) will encourage a growth economy? Or will it yet further stifle the economic growth of the UK? How should property investors be treated when it comes to 'unearned' income? Is it really 'unearned'? How fair is it that our income is classed differently from others when we make our way with all the risks that entails? I welcome your views on this controversial topic!

HMO Success Podcast Episode 72 - How does the NRLA help HMO Landlords? Wendy goes to the conference and meets Paul Shamplina (amongst others)! I visited the NRLA conference to mix and mingle with members of the UKs largest landlords organisation. I met the great and the good including Paul Shamplina from Landlord Action, the CEO of the Tenancy Deposit Scheme, Steve Harriot, (who gave some invaluable advice about deposits) and Inventory Hive - on why inventories matter. What does the NRLA do for HMO investors? Should you become a member? Who was at the conference and was it any good? What did the MP say about housing reforms, and what was the overall mood? And finally, what happened when I rocked up to the VOA stall... All will be revealed!

HMO Success Podcast Episode 71 - Why colour matters in your HMO interiors and how Fabienne Miller achieves fantastic results for her clients. Fabienne Miler is a Property Stylist and specialises in designing interiors of investment properties to attract people, increase occupancy and rates of return. She has recently won an international award for best home staging transformation. Her vision is simple: To create places where people want to be! Her passion for colour, simplicity and refreshing design makes creating uplifting interiors accessible to every investors – she now teaches it too to so more people can benefit of the impact it has on their investment. As she says ' the power of colour can literally transform your property returns'. She was a delight to interview and by next week you will see the YouTube version of the podcast (after all, what's colour without visuals?)! You can find more about her here: https://www.facebook.com/groups/propertystagingforinvestors https://fabienne-interiors.co.uk/

HMO Success Podcast Episode 70 - How YOU can invest in HMOs in 2022. If you would like to book a place on my FREE online training here's your link: https://www.hmosuccess.co.uk/how-can-i-invest-in-hmos/ On the day, we'll cover ... This FREE online training will really help you understand just how to create financial freedom from HMOs. Even in the current climate, I'll be sharing just how many of my clients are taking action and making money (even without having money to start with). You will learn what is currently happening in the HMO market (the good, the bad and the ugly) and where the opportunities lie for the informed investor. Don't delay - book your space now here: https://www.hmosuccess.co.uk/how-can-i-invest-in-hmos/

HMO Success Podcast Episode 69 - Investing, Money and How to be Free - with Paul Lanfear - The Property Surfer Paul Lanfear is an award winning property entrepreneur, investor, developer and multiple business owner. He loves to surf the waves (and the web) and to help others achieve financial freedom through mentoring and coaching. His knowledge about money an investing is wide and deep and I was delighted to interview Paul and get some insights into his take on life now that he is financially free. The Property Surfer. I like that!

HMO Success Podcast Episode 68 - How Anna Wren is changing the student HMO market in Manchester Anna is a numbers girl and as a result she knows what to look for in an HMO market and how to find ideal properties to convert into HMOs. After working abroad for a time, she decided to throw her hat in the ring in South Manchester, where she has built up an impressive portfolio of student HMOs. She tells Wendy just how she's coped during Covid and how the student market is looking right now. If you're thinking about investing in student HMOs or already do, Anna's experiences will no doubt strike a chord as she lets us in on cleaning, maintenance and running a student HMO. Never one to rest on her laurels, Anna's new venture is taking her in other directions - linked to HMOs - but with a wider remit and it's something that might help you with if you're struggling to find projects or sites to develop. If you want to contact her, here are her details: Anna Wren Co-Founder & Director Email: anna@prime-land.co.uk Tel: +44 7393 172 548 Web: https://www.prime-land.co.uk/

HMO Success Podcast Episode 67 - At the Property Investor Show with Daryn Brewer from ProPods I was fortunate to be at the Property Investor Show where I was speaking as part of a panel discussing the current challenges for HMOs. One of the other panellists was Daryn Brewer, from ProPods in Portsmouth. He has been regenerating his high street through transforming neglected buildings into valuable co-living properties. I spoke to him about what he's been doing since ProPods began and how the brand is unfolding. We also discussed the challenges and opportunities ahead. A real go-getter, Daryn is focused on changing his local area by demonstrating a commitment to transformation, and being a voice for his local community.

HMO Success Podcast Episode 66 - Vann Vogstad from Coho - The HMO Awards and the Future of HMOs Vann Vogstad is the founder of COHO - a unique online management system for HMOs. In this interview he shares his thoughts about the launch of the very first HMO Awards held on Friday 30th September 2022 (just last week) and his thoughts about a further event in 2023. Vann has a strong vision of where he wants the HMO industry to go - but do you agree with him? Is this vision or just wishful thinking? 'We need to create HMOs that people aspire to live in, not as a back-up second rate option'. Vann's hugely creative drive and determination continues to push forward his online platform, and you can hear of the additional features that COHO are adding to their offering now too. Listen to Wendy's interview with him now, and if you want to know more about COHO please visit the website here: https://coho.life/

HMO Success Podcast Episode 65 - How will the energy crisis affect HMOs? Interview with Emma Hayes from Platinum Property Partners Emma Hayes is the dynamic and creative MD of Platinum Property Partners, where she supports franchisees develop profitable HMO portfolios. She has a depth of understanding and knowledge due to her time and involvement in HMOs. Here she discusses the current investing climate, the outlook for HMOs and the impact that energy prices could have on HMOs. To contact Platinum Property Partners for more information please go to https://platinumpropertypartners.co.uk/

How will the Renter's Reform Bill affect you if you own an HMO? In this week's podcast, Wendy shares her insights and thoughts about this new piece of legislation and how to address it if you have an HMO. You can read all about it here: https://www.gov.uk/government/publications/a-fairer-private-rented-sector