The HMO Experience Property Podcast

043 | 5 Top Tips on how to start your HMO experience

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    4. IN THIS EPISODE

    Your podcast hosts Matt Harris and Jamie Madill tackle the second biggest challenge raised by the The HMO Experience community, which is how to actually start your HMO property journey!

    One thing that most people fail to do is plan what they want to achieve in the first 12/24 months, how to convert that plan into actionable steps and what resources they need or already have available to them.

    If you’re stuck on how or where to start your own HMO experience, then this is definitely the episode you need to listen to!

    EPISODE HIGHLIGHTS

    Introduction [00:00 – 02:10]

    What is the next step once you have your knowledge? [02:10 – 10:50]

    Knowledge is not power [10:50 – 15:00]

    Procrastination [15:00 – 19:06]

    Who is holding you accountable? [19:06 – 23:10]

    What goes around comes around [23:10 – 30:27]

    KEY TAKEAWAYS

    1. Work backwards. Once you have worked out how much income you need/want then divide the potential net monthly income of one house into your number and that is the number of property you need.
    2. Break your actions down into manageable chunks. Don’t plan the whole year just focus on the next 90 days and then break that down into monthly, weekly and daily tasks.
    3. Procrastination is a killer. The more you put yourself in the way of opportunity the luckier you will be. It’s impossible not to succeed if you focus on taking action.
    4. Go for no. Don’t be afraid of rejection. It’s almost a certainty. No doesn’t necessarily mean no. It means not right now.

      5. BEST MOMENTS

      • “The one thing I regret is to read less and implement more.”
      • “Knowledge is not power. It’s potential power. To know and not to do is not to know”
      • “Do whatever you can consistently. As soon as you stop you lose momentum”

        • If you enjoyed this episode of The HMO Experience Property Podcast, make sure you rate & review the podcast HERE - thank you :)

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          • CONNECT WITH THE HOSTS

          Matt Harris - https://linktr.ee/iammattharris

          Jamie Madill - https://www.facebook.com/jamiemadillproperty/

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          The HMO Experience Property PodcastBy The HMO Experience

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