The HMO Experience Property Podcast

By The HMO ExperienceBusiness Investing

The HMO Experience Property Podcast episodes

April 06, 2020021 | To Take Deposits or Not To Take Deposits for Your HMO property??
RESOURCE LINK
The HMO Experience Website (http://www.thehmoexperience.co.uk/)

11 Steps to Running your successful HMO Property Business and other FREE RESOURCES (http://www.thehmoexperience.co.uk/resources-page)

Sign up for weekly hacks and tips for starting and scaling your HMO Property Business (http://www.thehmoexperience.co.uk/)

For referencing and Rent Guarantee Insurance options, look at OpenRent and Advance Tenant Referencing.
IN THIS EPISODE
Your podcast Hosts Matt Harris of MiRentCo London & Jamie Madill from Jamie Madill Property talk about all things related to referencing & security deposits when checking housemates, customers and tenants into your HMO property.
Looking for some handy tips and tricks for simplifying this process then listen to this episode of The HMO Experience Property Podcast.
EPISODE HIGHLIGHTS
Introduction [00:00 – 01:00]

Different Types of Rent Security [01:00 – 11:30]

Referencing Options [11:30 – 16:10]
KEY TAKEAWAYS
The legislation changed in June 2018 which meant that agents can only take certain payments from the customer; a rent deposit equal to 5 weeks rent, a holding deposit that must be returned or deducted from the security deposit on move in, arrears fees and rental payments.

Deposits must be deposited with a Government approved deposit holding scheme. It is illegal not to register the deposit with one of the approved schemes and it must be done within 30 days of the tenancy start date.

Deposits can be held under an assured scheme (money is not in your bank account) or on an insured basis (money is held in your business client account)

An alternative to deposits are Rent Guarantee Insurance (RGI) which is an insurance product based on the customer credit rating and their affordability to pay.

RGI, depending on your policy, will cover rental arrears, damage and legal costs if you need to evict your customer. Policy cover varies but is normally between £25,000 and £50,000 cover per room.

RGI policies are normally on a 12 month term which means that if your original customer stays in the room for 6 months and the second customer is in the room for the second 6 months, providing the second customer passes affordability and credit reference you don’t need to pay the policy premium again.

If you take a deposit, then it must be returned at the end of the tenancy agreement. (more on that on a latter episode).
If you enjoyed this episode of The HMO Experience Property Podcast, PLEASE don’t forget to subscribe & share this podcast!
Make sure you rate & review the podcast HERE - thank you :)
CONNECT WITH THE HMO EXPERIENCE
Subscribe on YouTube - https://www.youtube.com/channel/UCnFoaXd-do8eTxZniWrcKhA/featured

Follow Us on Facebook - https://www.facebook.com/thehmoexperience

Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/
17 min
April 05, 2020 What Does The Future Look Like For Rent2Rent/HMO's | COVID-19 Edition | The HMO Experience LIVE
In this emergency live episode, your podcast hosts Matt Harris of MiRentCo London, Jamie Madill from Jamie Madill Property and Steve Mitchell from The HMO Company wrap up the Corona tinged theme to the last couple of weeks episodes by chatting about the future of HMO and rent to rent as a result of COVID-19.
There has been a lot of doom and gloom due to the impact of COVID-19 and we have covered plenty of topics around reactive and pro-active measures you can take to fortify your HMO property business at this moment in time.
In this episode we're bringing to a close the Coronavirus content and looking forward to positioning your business for growth by having sound systems and processes in place to give you good foundations to scale your business.
ABOUT THE HOSTS
Matt Harris - Matt started working in the City and then for a Mayfair based property investment company before practicing as a property lawyer in 2008. In 2013 he swapped law for cleaning and set up The Organised Cleaning Company! In 2016 Matt started MiPropCo Leeds, a buy to let investment company and in 2018 he founded MiRentCo London, a multi-let management business providing co-living accommodation for young professionals in London. Matt is the co-host of The HMO Experience podcast and PPN St Pancras, a monthly property networking event in London. In addition, Matt hosts The Organised Cleaner Bitesize on social media, providing hints & tips on starting & running your own cleaning business.
Jamie Madill - After an 18 year career in advertising Jamie became a full-time property investor with a property portfolio of single-lets & HMOs and with Steve, they have created a successful Rent2Rent HMO business. Jamie is an international public speaker and co-founder of Progressive Property Network and co-host of PPN St Pancras.
Steve Mitchell - Steve had a successful corporate career in finance and risk management before becoming a full-time property investor. He owns a portfolio of single-lets and HMOs. A black belt in Six Sigma, Steve is the project management and systems expert. Steve is also co-host of PPN St Pancras.
CONTACT METHOD
Email - [email protected]
Website - http://www.thehmoexperience.co.uk/
Facebook Page - https://www.facebook.com/thehmoexperience
YouTube Channel - https://www.youtube.com/channel/UCnFoaXd-do8eTxZniWrcKhA/featured?view_as=subscriber
See Matt, Jamie Steve live at PPN St Pancras every third Wednesday of the month at Impact Hub Kings Cross. Book your ticket - https://www.facebook.com/ProgressivePropertyStPancras/
---
Send in a voice message: https://anchor.fm/thehmoexperience/message
1 hr 17 min
April 04, 2020How to Manage Rent Arrears during Corona | COVID-19 Edition | The HMO Experience Bitesize LIVE
In this emergency live episode, your podcast Host Matt Harris of MiRentCo London talks with Jamie Madill of Jamie Madill Property and Steve Mitchell from The HMO Company about all things related to the current COVID19 virus and what you could consider doing to manage your rent arrears situation.
KEY TAKEAWAYS
Make sure you understand what your customers financial situations are. Hopefully this would have been an indication as to who might be struggling to make their rent payment and who can afford to make the full payment.

Ensure your customers rent statements are up to date and you know the current balance on each of your customers rent accounts. If you have customers with existing arrears you need to have a planned repayment agreement in place

Ensure you have open communications with your customers. WhatsApp is a great channel to use with your customers as you can see when they received and read the message. Do not discuss personal finance circumstances in group message boards.

If the customer is struggling, then you need to undertake a negotiation as to what is feasible. This will depend on the customers employment status. Either way if no agreement can be made then you will need to do an income and expense analysis.

If payment has not been received by day 7 then formal rent demands may be sent out and follow up sent on day 14, day 21 and day 28. At this point the customer is two months in arrears and subject to notice to leave under normal circumstances. Please do not harass your customers.

Under the current circumstances the notice to leave period has been extended to 3 months. Whilst court proceedings can not be progressed, you can make preparations to file whilst we are on lock down.

Non-payment of rent will have an impact on your business cash flow to ensure you are amending your cash flow forecast when you get new pieces of information.

Whilst we do not want to ask our customers to leave at this time, it is down to us as landlords and agents to be mindful of people’s circumstances.
ABOUT THE HOSTS
Matt Harris - Matt started working in the City and then for a Mayfair based property investment company before practicing as a property lawyer in 2008. In 2013 he swapped law for cleaning and set up The Organised Cleaning Company! In 2016 Matt started MiPropCo Leeds, a buy to let investment company and in 2018 he founded MiRentCo London, a multi-let management business providing co-living accommodation for young professionals in London. Matt is the co-host of The HMO Experience podcast and PPN St Pancras, a monthly property networking event in London. In addition, Matt hosts The Organised Cleaner Bitesize on social media, providing hints & tips on starting & running your own cleaning business.
Jamie Madill - After an 18 year career in advertising Jamie became a full-time property investor with a property portfolio of single-lets & HMOs and with Steve, they have created a successful Rent2Rent HMO business. Jamie is an international public speaker and co-founder of Progressive Property Network and co-host of PPN St Pancras.
Steve Mitchell - Steve had a successful corporate career in finance and risk management before becoming a full-time property investor. He owns a portfolio of single-lets and HMOs. A black belt in Six Sigma, Steve is the project management and systems expert. Steve is also co-host of PPN St Pancras.
CONTACT METHOD
Email - [email protected]
Facebook Page - https://www.facebook.com/thehmoexperience
---
Send in a voice message: https://anchor.fm/thehmoexperience/message
43 min
April 04, 2020How to Finance Your Business Through Corona! | COVID-19 Edition | The HMO Experience Bitesize LIVE
In this emergency live episode, your podcast host Matt Harris of MiRentCo London talks with Jamie Madill of Jamie Madill Property and Steve Mitchell from The HMO Company about all things related to the current COVID19 virus and what you could consider doing to finance your Rent2Rent business through the current climate.
KEY TAKEAWAYS
If you have retained profit use this first as it is your cheapest form of funding.

If you don’t have retained profit are you in a position to capitalise your business through a director’s loan to the business. They can be low interest or interest free and you don’t get taxed on it when you pay back the loan

If you can’t do a director’s loan can you approach your bank and organise an overdraft facility? The bank may charge you for the service, but it is a cost-effective way of funding working capital shortages

If you cannot get an overdraft can you go to third party investors (friends & family) about offering you a low interest rate loan? But only do this if you believe you have a viable business. If you can see your business failing, then please do not take other people’s money and throw good money after bad. Ensure your loan agreement is drawn up with the appropriate documentation

If you can’t get JV investor loans would they prefer an equity stake in your business. You will need the advice of a great lawyer and account though and may take time to organise.

HUGE FINANCIAL HEALTH WARNING: Can you utilise ZERO PERCENT purchase or balance transfer credit cards to help spread the costs over the next few months. Rather than using cash in your business what credit lines could you have access to. Check out Money Supermarket for the best deals. BUT remember to provision the minimum monthly payments because of you miss a payment, the zero percent feature is withdrawn, and you will be subject to full interest costs. Use this option with the full knowledge that this could affect your credit score if you fail to maintain your monthly payments.

Can you defer any costs taxes due that your business has to pay. If you have employees can you defer the PAYE payments. If you’re about to start making council tax payments can you defer for two months? Could you take a mortgage holiday to defer mortgage payments to help ease cash flow squeezes?

What grants (you don’t typically have to pay these back) or loans (you do have to pay these back) are available to you either via a Government COVID19 initiative or from your bank or from local councils/enterprise hubs. The Governments Business Interruption Loan (pay back) Scheme is available for businesses that meet its minimum criteria.

DO NOT TOUCH DEPOSITS of your customers. It is not your businesses money. Its. Breaking the law.
CONTACT METHOD
Email - [email protected]
Website - http://www.thehmoexperience.co.uk/
Facebook Page - https://www.facebook.com/thehmoexperience
YouTube Channel - https://www.youtube.com/channel/UCnFoaXd-do8eTxZniWrcKhA/featured?view_as=subscriber
See Matt, Jamie Steve live at PPN St Pancras every third Wednesday of the month at Impact Hub Kings Cross. Book your ticket - https://www.facebook.com/ProgressivePropertyStPancras/
---
Send in a voice message: https://anchor.fm/thehmoexperience/message
39 min
April 03, 2020How To Exit A Rent To Rent Deal | COVID-19 Edition | The HMO Experience Bitesize LIVE
In this emergency live episode, your podcast Hosts Matt Harris of MiRentCo London and Steve Mitchell from The HMO Company about all things related to the current COVID19 virus and what you should do if your property needs and maintenance or repairs during lockdown
KEY TAKEAWAYS
Keep up to date with the current Government guidelines are relating to landlord obligations regarding maintenance.

Make contact with your maintenance team to understand how they are positioned for undertaking emergency repairs should they occur.

Emergency repairs extend to gas, electric, water, security and structural incidents

If you receive a call from a customer and it’s not a repair that is covered by the emergency category then ensure you are keeping track of these events so that they can be addressed once we are off lock down.

If your call relates to an emergency event act IMMEDIATELY. Ensure that you keep your customer informed of the actions you have taken to give confidence that their welfare is being addressed.

Ensure that your customers know the location of the water stop tap, the fuse board and the gas shut off valve. It should be in contained within your house handbook and ideally you would have incorporated it into your move in process.
ABOUT THE HOSTS
Matt Harris - Matt started working in the City and then for a Mayfair based property investment company before practicing as a property lawyer in 2008. In 2013 he swapped law for cleaning and set up The Organised Cleaning Company! In 2016 Matt started MiPropCo Leeds, a buy to let investment company and in 2018 he founded MiRentCo London, a multi-let management business providing co-living accommodation for young professionals in London. Matt is the co-host of The HMO Experience podcast and PPN St Pancras, a monthly property networking event in London. In addition, Matt hosts The Organised Cleaner Bitesize on social media, providing hints & tips on starting & running your own cleaning business.
Steve Mitchell - Steve had a successful corporate career in finance and risk management before becoming a full-time property investor. He owns a portfolio of single-lets and HMOs. A black belt in Six Sigma, Steve is the project management and systems expert. Steve is also co-host of PPN St Pancras.
CONTACT METHOD
Email - [email protected]
Website - http://www.thehmoexperience.co.uk/
Facebook Page - https://www.facebook.com/thehmoexperience
YouTube Channel - https://www.youtube.com/channel/UCnFoaXd-do8eTxZniWrcKhA/featured?view_as=subscriber
See Matt, Jamie Steve live at PPN St Pancras every third Wednesday of the month at Impact Hub Kings Cross. Book your ticket - https://www.facebook.com/ProgressivePropertyStPancras/
---
Send in a voice message: https://anchor.fm/thehmoexperience/message
1 hr 2 min
April 01, 2020Maintenance: What Works Can Be Done Right Now? | COVID-19 Edition | The HMO Experience Bitesize LIVE
In this emergency live episode, your podcast Hosts Matt Harris of MiRentCo London and Steve Mitchell from The HMO Company talk about all things related to the current COVID19 virus and what you should do if your property needs and maintenance or repairs during lockdown
KEY TAKEAWAYS
Keep up to date with the current Government guidelines are relating to landlord obligations regarding maintenance.

Make contact with your maintenance team to understand how they are positioned for undertaking emergency repairs should they occur.

Emergency repairs extend to gas, electric, water, security and structural incidents

If you receive a call from a customer and it’s not a repair that is covered by the emergency category then ensure you are keeping track of these events so that they can be addressed once we are off lock down.

If your call relates to an emergency event act IMMEDIATELY. Ensure that you keep your customer informed of the actions you have taken to give confidence that their welfare is being addressed.

Ensure that your customers know the location of the water stop tap, the fuse board and the gas shut off valve. It should be in contained within your house handbook and ideally you would have incorporated it into your move in process.
ABOUT THE HOSTS
Matt Harris - Matt started working in the City and then for a Mayfair based property investment company before practicing as a property lawyer in 2008. In 2013 he swapped law for cleaning and set up The Organised Cleaning Company! In 2016 Matt started MiPropCo Leeds, a buy to let investment company and in 2018 he founded MiRentCo London, a multi-let management business providing co-living accommodation for young professionals in London. Matt is the co-host of The HMO Experience podcast and PPN St Pancras, a monthly property networking event in London. In addition, Matt hosts The Organised Cleaner Bitesize on social media, providing hints & tips on starting & running your own cleaning business.
Jamie Madill - After an 18 year career in advertising Jamie became a full-time property investor with a property portfolio of single-lets & HMOs and with Steve, they have created a successful Rent2Rent HMO business. Jamie is an international public speaker and co-founder of Progressive Property Network and co-host of PPN St Pancras.
Steve Mitchell - Steve had a successful corporate career in finance and risk management before becoming a full-time property investor. He owns a portfolio of single-lets and HMOs. A black belt in Six Sigma, Steve is the project management and systems expert. Steve is also co-host of PPN St Pancras.
CONTACT METHOD
Email - [email protected]
Website - http://www.thehmoexperience.co.uk/
Facebook Page - https://www.facebook.com/thehmoexperience
YouTube Channel - https://www.youtube.com/channel/UCnFoaXd-do8eTxZniWrcKhA/featured?view_as=subscriber
See Matt, Jamie Steve live at PPN St Pancras every third Wednesday of the month at Impact Hub Kings Cross. Book your ticket - https://www.facebook.com/ProgressivePropertyStPancras/
---
Send in a voice message: https://anchor.fm/thehmoexperience/message
35 min
March 31, 2020What Should You Do If Your Housemates Get Sick? | COVID-19 Edition | The HMO Experience Bitesize LIVE
In this first live episode of The HMO Experience Bitesize COVID-19 Edition, your podcast Host Matt Harris chats to Jamie Madill of Jamie Madill Property and Steve Mitchell from The HMO Company about all things related to the current COVID19 virus and what you should do if one of your housemates, customers, tenants contracts COVID19!
KEY TAKEAWAYS
Be familiar with the current Government guidelines to help protect us against infection. Observe social distancing riles, frequent handwashes, if you suspect you have symptoms of COVID19; fever, persistent dry cough, flu like symptoms, then ask your customer to notify you IMMEDIATELY.

If you get notification from a customer that they suspect infection, inform the other house mates IMMEDIATELY so they have a chance to self-isolate or remove themselves from the property and stay at alternative locations.

Should you customers stay in the property then they should confirm to you IMMEDIATELY that they are self-isolating for 14 days to ensure no infection has been contracted

Once you know that a house is infected, notify all suppliers and contractors that are due to complete works at the property IMMEDIATELY so that you are not putting them at risk

If the house is on lock-down then communicate regularly to ensure that you customers have all they need to see them through the 14 day period.

Be mindful of mental health challenges and bouts of anxiety that some customers may experience during this time. Offer what support you can if customers are unable to get out to get medication.

Ensure the house hygiene regime is reinforced to house mates. This includes wiping down surfaces, cleaning communal areas and being mindful to others whilst living in close proximity

Provide resources where you can, for example stock of cleaning materials to ensure that the house is kept in a decent state.
ABOUT THE HOSTS
Matt Harris - Matt started working in the City and a Mayfair based property investment company before practicing as a property lawyer in 2008. In 2013 he swapped law for cleaning and set up The Organised Cleaning Company! In 2016 Matt started MiPropCo Leeds, a buy to let investment business and in 2018 he founded MiRentCo London, a multi-let management business providing co-living accommodation for young professionals in London. Matt co-hosts The HMO Experience podcast & PPN St Pancras property networking event in London. Matt also hosts The Organised Cleaner Bitesize, providing hints & tips on starting & running your own cleaning business.
Jamie Madill - After an 18 year career in advertising Jamie became a full-time property investor with a property portfolio of single-lets & HMOs and with Steve, they have created a successful Rent2Rent HMO business. Jamie is an international public speaker and co-founder of Progressive Property Network and co-host of PPN St Pancras.
Steve Mitchell - Steve had a successful corporate career in finance and risk management before becoming a full-time property investor. He owns a portfolio of single-lets and HMOs. A black belt in Six Sigma, Steve is the project management and systems expert. Steve is also co-host of PPN St Pancras.
CONTACT METHOD
Email - [email protected]
Website - http://www.thehmoexperience.co.uk/
Facebook Page - https://www.facebook.com/thehmoexperience
---
Send in a voice message: https://anchor.fm/thehmoexperience/message
35 min
March 30, 2020020 | How to Conduct the PERFECT HOUSEMATE VIEWING at your HMO Property!
RESOURCE LINK
The HMO Experience Website (http://www.thehmoexperience.co.uk/)

Download the 11 Steps to Running your successful HMO Property Business and other FREE RESOURCES (http://www.thehmoexperience.co.uk/resources-page)

Sign up for weekly hacks and tips for starting and scaling your HMO Property Business (https://www.thehmoexperience.co.uk/subscribe)

Check out the online scheduling platform https://youcanbook.me/ to book viewings straight into your calendar.
IN THIS EPISODE
Your hosts Matt Harris of MiRentCo London and Jamie Madill from Jamie Madill Property chat about all things related to arranging and conducting the perfect viewing at your HMO Property.
Want to get your rooms filled fast? Make sure you tune in to this episode of The HMO Experience Property Podcast for some valuable nuggets which you can implement RIGHT NOW!
EPISODE HIGHLIGHTS
Introduction [00:00 – 01:35]

Scheduling Your Viewings [01:35 – 07:01]

Preparing The Viewing [07:11 – 08:20]

Conducting The Viewing [08:20 – 16:20]

Outsourcing The Viewing Process [16:20 – 22:18]

Selling Your Rooms [22:18 – 27:09]
KEY TAKEAWAYS
We use a platform called YouCanBook.me and basically that integrates with your Google Calendar, I think if you use Microsoft calendar or whatever other calendar app you use. So we go through the same process. Once you’ve had replies on the SpareRoom, you get a mobile number, email address. Then we will go to YouCanBook.me, we will put those details on to our viewing page where we can pick a time, pick a time spot and once you’ve included the prospect & name, mobile number, email address and the property address, you press send. They then get a calendar invite which goes direct into their calendar.

So clean, tidy, hoover it, make sure the kitchens been tidied too, have a quick wipe down, do some room spray. It’s all about painting the picture of trying to get your customers to maybe envision themselves living there.

I think the key things that the elements which I feel people have responded to the most when I’ve been carrying out views is the WhatsApp group. They like the fact that the house will get checked regularly so that there’s a better instance of us picking something up before they have to tell us about something. So we’re then seen to be proactive in getting things sorted out.
If you enjoyed this episode of The HMO Experience Property Podcast, PLEASE don’t forget to subscribe & share this podcast!
Make sure you rate & review the podcast HERE - thank you :)
CONNECT WITH THE HMO EXPERIENCE
Subscribe on YouTube - https://www.youtube.com/channel/UCnFoaXd-do8eTxZniWrcKhA/featured

Follow Us on Facebook - https://www.facebook.com/thehmoexperience

Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/
28 min
March 28, 2020What You Can Do If Your Housemates Can't Pay Rent? | COVID-19 Edition | The HMO Experience LIVE
In this emergency live episode, your podcast host Matt Harris of MiRentCo London chats with Jamie Madill from Jamie Madill Property and Steve Mitchell from The HMO Company about all things related to the current COVID19 virus and what are the potential impacts of customers/housemates/tenants not paying rent.
KEY TAKEAWAYS
Understand Your Customers Employment situation: Depending on whether your customers are PAYE, Self-Employed or Students you need to understand what support is in place for them to be able to continue to make rent payments

Communicate: Ensure you keep updated if your customers circumstances change over the coming weeks and months so you can factor into your business cashflow projections to see how your business may be impacted

Put Everything in Writing: Should you need to extend credit to your customers make sure you have a formal written agreement that documents what the current outstanding balance is and when it will be paid back. Make sure the customer signs the document

Sick Leave: If your customer can’t pay due to being on sick leave, then get some form of written proof that they are on sick leave either in the form of a doctors note or a confirmation email from their employer and work out a rent payment plan with them.

Short Term Cashflow Challenges: If your business is subject to a short term cash flow squeeze look at Government schemes that provide short term financing but understand how this will impact your businesses finances in terms or repayment.
ABOUT THE HOSTS
Matt Harris - Matt started working in the City and then for a Mayfair based property investment company before practicing as a property lawyer in 2008. In 2013 he swapped law for cleaning and set up The Organised Cleaning Company! In 2016 Matt started MiPropCo Leeds, a buy to let investment company and in 2018 he founded MiRentCo London, a multi-let management business providing co-living accommodation for young professionals in London. Matt is the co-host of The HMO Experience podcast and PPN St Pancras, a monthly property networking event in London. In addition, Matt hosts The Organised Cleaner Bitesize on social media, providing hints & tips on starting & running your own cleaning business.
Jamie Madill - After an 18 year career in advertising Jamie became a full-time property investor with a property portfolio of single-lets & HMOs and with Steve, they have created a successful Rent2Rent HMO business. Jamie is an international public speaker and co-founder of Progressive Property Network and co-host of PPN St Pancras.
Steve Mitchell - Steve had a successful corporate career in finance and risk management before becoming a full-time property investor. He owns a portfolio of single-lets and HMOs. A black belt in Six Sigma, Steve is the project management and systems expert. Steve is also co-host of PPN St Pancras.
CONTACT METHOD
Email - [email protected]
Website - http://www.thehmoexperience.co.uk/
Facebook Page - https://www.facebook.com/thehmoexperience
YouTube Channel - https://www.youtube.com/channel/UCnFoaXd-do8eTxZniWrcKhA/featured?view_as=subscriber
See Matt, Jamie Steve live at PPN St Pancras every third Wednesday of the month at Impact Hub Kings Cross. Book your ticket - https://www.facebook.com/ProgressivePropertyStPancras/
---
Send in a voice message: https://anchor.fm/thehmoexperience/message
1 hr 1 min
March 23, 2020019 | Get Your Rooms Filled Fast! How To Advertise Vacancies in your HMO Property
RESOURCE LINK
The HMO Experience Website (http://www.thehmoexperience.co.uk/)

11 Steps to Running your successful HMO Property Business and other FREE RESOURCES (http://www.thehmoexperience.co.uk/resources-page)

Sign up for weekly hacks and tips for starting and scaling your HMO Property Business (https://www.thehmoexperience.co.uk/subscribe)
IN THIS EPISODE
Your host Steve Mitchell from The HMO Company, chats to Matt Harris of MiRentCo London and Jamie Madill from Jamie Madill Property, about all things related to advertising, selling your rooms and housemates/tenants/customers first contact.
EPISODE HIGHLIGHTS
Introduction [00:00 - 01:09]

Recap: Key Areas To Consider When Photographing Your Rooms [01:09 - 02:00]

How To Market & Advertise Your HMO Rooms [02:00 - 05:53]

Key Elements To Your Advertising [05:53 - 09:20]

Making Your Advertising More Visible [09:20 - 16:32]

Linking Your Advertising To Your Customer Experience [16:32 - 21:04]

Handling Non-Suitable Customer Applications [21:04 - 24:40]

Summary: Key Advertising Actions [24:40 - 26:55]
KEY TAKEAWAYS
Headlines are vitally important. Do something a bit different to make your headline stand out

Photographs are vitally important. Ensure you have the best quality photographs you can produce either via a professional photographer or self- produced.

Make your body text descriptive and conversational, Don’t list bullet after bullet point. Have a call to action at the end of the text telling the applicant what you would like them to do.
If you enjoyed this episode of The HMO Experience Property Podcast, please don’t forget to subscribe and share this podcast!
28 min

About The HMO Experience Property Podcast

From the publisher's feed

Unsure about how to generate income from Rent2Rent HMO or investing in HMO property? The HMO Experience Property Podcast will help.

Share The HMO Experience Property Podcast

Sign up to save your podcasts

The HMO Experience Property Podcast

The HMO Experience Property Podcast episodes

About The HMO Experience Property Podcast

More shows like The HMO Experience Property Podcast

The Property Podcast