Sign up to save your podcasts
Or
Share Is HMO Still A Viable Property Investment Strategy? A Chat With Gareth Murphy
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Is HMO Still A Viable Property Investment Strategy? A Chat With Gareth Murphy
Another day, another dollar... or another pound I shall say!
In this third episode of the series I have met with my dear friend and work colleague, Gareth Murphy! As you gather from his accent he is originally from Wales, but we both live and work in Bristol.
We have gone through a thorough conversation in relation to HMOs and the reasons why you should consider to invest in this type of tenancies.
The most important things we came up with, and we agreed on, are that you will need to dedicate more time to manage the property, however, in return, you will get more rental income.
This will ultimately make you a higher profit down the line, and get a better deal even when you face a property market so buoyant and expensive like Bristol or the South of England.
Look, I know you might be already thinking that it's not worth it, the time and hassle to take care of a few inexperienced and young tenants will really outweigh the amount of extra-money you will make.
But in here you might be wrong my friend, if you see this as a business, then the model can only work fine as you will be completely detached and objective about things. You will be able to see the reality in a different way, if the number works everything works.
And remember, you don't need to stick to a 30 minutes drive from home, you can go wider and use a managing agent. A deal is a deal, even if it's 300 miles from home!
If you rather let a property in which you've got an emotional attachment, I definitely might agree with you that you will be really getting frustrated very soon. This might not be in fact your perfect scenario and you might consider to source families instead.
I leave you to it and I hope you can get things going about it.
DO YOU WANT TO HEAR MORE STUFF LIKE THIS?
Please subscribe to the Podcast and refer to a friend, I would really be grateful
Link: http://bit.ly/2mWHwDW
In this third episode of the series I have met with my dear friend and work colleague, Gareth Murphy! As you gather from his accent he is originally from Wales, but we both live and work in Bristol.
We have gone through a thorough conversation in relation to HMOs and the reasons why you should consider to invest in this type of tenancies.
The most important things we came up with, and we agreed on, are that you will need to dedicate more time to manage the property, however, in return, you will get more rental income.
This will ultimately make you a higher profit down the line, and get a better deal even when you face a property market so buoyant and expensive like Bristol or the South of England.
Look, I know you might be already thinking that it's not worth it, the time and hassle to take care of a few inexperienced and young tenants will really outweigh the amount of extra-money you will make.
But in here you might be wrong my friend, if you see this as a business, then the model can only work fine as you will be completely detached and objective about things. You will be able to see the reality in a different way, if the number works everything works.
And remember, you don't need to stick to a 30 minutes drive from home, you can go wider and use a managing agent. A deal is a deal, even if it's 300 miles from home!
If you rather let a property in which you've got an emotional attachment, I definitely might agree with you that you will be really getting frustrated very soon. This might not be in fact your perfect scenario and you might consider to source families instead.
I leave you to it and I hope you can get things going about it.
DO YOU WANT TO HEAR MORE STUFF LIKE THIS?
Please subscribe to the Podcast and refer to a friend, I would really be grateful
Link: http://bit.ly/2mWHwDW
View all episodes
By Michele SchirruAnother day, another dollar... or another pound I shall say!
In this third episode of the series I have met with my dear friend and work colleague, Gareth Murphy! As you gather from his accent he is originally from Wales, but we both live and work in Bristol.
We have gone through a thorough conversation in relation to HMOs and the reasons why you should consider to invest in this type of tenancies.
The most important things we came up with, and we agreed on, are that you will need to dedicate more time to manage the property, however, in return, you will get more rental income.
This will ultimately make you a higher profit down the line, and get a better deal even when you face a property market so buoyant and expensive like Bristol or the South of England.
Look, I know you might be already thinking that it's not worth it, the time and hassle to take care of a few inexperienced and young tenants will really outweigh the amount of extra-money you will make.
But in here you might be wrong my friend, if you see this as a business, then the model can only work fine as you will be completely detached and objective about things. You will be able to see the reality in a different way, if the number works everything works.
And remember, you don't need to stick to a 30 minutes drive from home, you can go wider and use a managing agent. A deal is a deal, even if it's 300 miles from home!
If you rather let a property in which you've got an emotional attachment, I definitely might agree with you that you will be really getting frustrated very soon. This might not be in fact your perfect scenario and you might consider to source families instead.
I leave you to it and I hope you can get things going about it.
DO YOU WANT TO HEAR MORE STUFF LIKE THIS?
Please subscribe to the Podcast and refer to a friend, I would really be grateful
Link: http://bit.ly/2mWHwDW
In this third episode of the series I have met with my dear friend and work colleague, Gareth Murphy! As you gather from his accent he is originally from Wales, but we both live and work in Bristol.
We have gone through a thorough conversation in relation to HMOs and the reasons why you should consider to invest in this type of tenancies.
The most important things we came up with, and we agreed on, are that you will need to dedicate more time to manage the property, however, in return, you will get more rental income.
This will ultimately make you a higher profit down the line, and get a better deal even when you face a property market so buoyant and expensive like Bristol or the South of England.
Look, I know you might be already thinking that it's not worth it, the time and hassle to take care of a few inexperienced and young tenants will really outweigh the amount of extra-money you will make.
But in here you might be wrong my friend, if you see this as a business, then the model can only work fine as you will be completely detached and objective about things. You will be able to see the reality in a different way, if the number works everything works.
And remember, you don't need to stick to a 30 minutes drive from home, you can go wider and use a managing agent. A deal is a deal, even if it's 300 miles from home!
If you rather let a property in which you've got an emotional attachment, I definitely might agree with you that you will be really getting frustrated very soon. This might not be in fact your perfect scenario and you might consider to source families instead.
I leave you to it and I hope you can get things going about it.
DO YOU WANT TO HEAR MORE STUFF LIKE THIS?
Please subscribe to the Podcast and refer to a friend, I would really be grateful
Link: http://bit.ly/2mWHwDW