The HMO Success Podcast with Wendy Whittaker-Large

HMO Success Podcast Episode 56: No BS - Richard Nicholls from The Property Advantage shares his unique full market insight on HMOs. One of the more lively personalities in the HMO investment space is Richard Nicholls. He has one distinct advantage - his role takes him all over the country seeing the best and the worst of HMOs. He has unique knowledge about the HMO industry and what is happening ri...

HMO Success Podcast Episode 55: When training for the London Marathon is like running an HMO business! Did I mention that I got into the London Marathon this year? Yes, October 3rd is the date and I'll be running my little socks off to get through those 26.2 miles. I've realised that my training is not dissimilar from running an HMO business, and in this episode, I'd like to share the parallels. ...

HMO Success Podcast Episode 54: How can inflation affect investing in HMOs? Do you understand what inflation is and how it affects your investments? How might it impact HMOs? Is it a force for bad or good in the economy and why should you be concerned about it?  In this episode I get to unravel and explain how inflation affects property prices and how you can shield yourself from a currency de-val...

HMO Success Podcast Episode 53: Do I need an architect to do an HMO refurb? If you're wondering about how and why to use an architect on your HMO refurb, let the guys from HMO Architects answer your questions. From what the cost is, to the benefits it will bring, to what you can expect as a client. ------------------------ For more information, guidance and support to help you invest in HMOs and c...

HMO Success Podcast Episode 52: Future-proofing Your HMO - what does it mean and top tips to carry it through. If you've ever wondered what I mean when I speak of 'Future-Proofing' your HMO, in this episode I take a good look at what that means and why it's important for you. From the practical considerations like maintenance, heating and keys, through to the experience your tenants have, your bil...

HMO Success Podcast Episode 51: HMOs, the economic outlook and whether you should be investing right now The current housing market situation across the UK is unlike any we have experienced before. There are some signs in the market that over my 25 years of investing I have not seen collide before: Prices going up rapidly Interest rates set to stay low forever. Against a backdrop of a depression t...

HMO Success Podcast Episode 50: Snagging your HMO project - what to do when you are on site. A live case study. I am out and about today on site! Finishing off a project (which is part of my 5 Step Process) includes the very final aspect of snagging your HMO. If you don't snag your project you could end up with a whole load of problems - and worst, more costs. It requires a good process, and a goo...

HMO Success Podcast Episode 49: To buy or not to buy? A commercial project evaluation!   In today's episode you can come with me on site to evaluate a commercial project. I took my partner, Andy, with me to look at this large building in the centre of town. It had loads of potential but was it right for us? How can you calculate the costs when converting? What aspects of commercial conversions to...

HMO Success Podcast Episode 48: Imagine having a magic money tap - the endless HMO projects you could do! How can you create a magic money tap that gives you enough capital so that you never run out of funding? In this episode I share the four 'C's of working with investors. Whether you are borrowing money as a loan, or setting up a Joint Venture to invest in HMOs, these 4 'C's are what ALL invest...

HMO Success Podcast Episode 47: HMOs are the way to leave your stressful, underpaid job! Interview with Dan Morehen from Southend-on-Sea   Dan Morehen is a brand new HMO investor but despite working full-time with a young family, he's been able to source an amazing deal for his first HMO in Southend-on-Sea. In this interview he shares how he got going, what made him start, and how by learning to r...

HMO Success Podcast Episode 46: How can prop tech tools make a difference to your business? Van Vogstad is a proptech expert who has created a brand new tool to help HMO landlords. Here he explains what Co-Ho does and how it can help you manage your properties more easily and efficiently. I grill him on the aspects of managing an HMO and whether Co-Ho really can do all it says on the tin.    I'd l...

HMO Success Podcast Episode 45: How can I use my pension to invest in property? With Kevin Whelan Kevin Whelan from Wealthbuilders has helped hundreds of people invest in property using their pension. In this interview he explains what kind of projects are suitable for using your pension; what the differences are between SSASes and SIPPS; and how to ensure you stay the right side of the rules. You...

HMO Success Podcast Episode 43: Should you leave your job and go full-time in property? What a dilemma!   When I left my well-paid job to focus on my property business, I had to adjust to the change of being self-employed and no longer in the rat race! There were some notable learnings along the way. If you are considering leaving your job in 2021 what should you be prepared for when you find your...

HMO Success Podcast Episode 42: What is your Money Mindset? How does it affect you as an HMO Investor? Are you struggling with money fear? Do you save too much and find spending hard? Or are you the last of the big spenders and can't save a deposit for a property? In this episode I explore some of the main money mindsets that beset investors, and give some techniques that will help you grow a more...

HMO Success Podcast Episode 41: What's happening in the HMO mortgage market right now? An in-depth examination with a mortgage broker. What is really happening with HMO mortgages right now? Has lockdown caused the lockdown of HMO mortgages too? What are current lending rates? Can you still get 75% LTV loans? What about HMO valuations? Are they affected by cautious-covid surveyors? Can you get a mo...

HMO Success Podcast Episode 40: A live tour round a brand new HMO - what one investor has learnt along the way! In this LIVE tour around a brand new HMO, I interview Sarah Hulson-Beech, founder of HyggeHive - a specialist high end HMO company based in Stoke-on-Trent. Sarah takes me on a tour of her HMO and shares what she's learnt along the way.  -How to deliver a project in lockdown -How to use y...

HMO Success Podcast Episode 39: What kind of property business do you really want? Paul Lanfear sheds light on how to make it happen.  What kind of a property business do you want? Do you want a business that gives you a great lifestyle? Or do you want a business that goes for exponential growth and is a performance business? What kind of entrepreneur you are will affect what you want to get out o...

HMO Success Podcast Episode 38: Coundil Tax Re-Banding on HMO Rooms: Will it affect you? This is going to be a hotly debated topic this year! More and more HMO landlords who are converting properties previously on Business Rates are finding that the Valuation Office has re-banded the rooms individually. This not only knocks out all the profit, but leaves the landlord / investor wondering what to d...

HMO Success Podcast Episode 37: The Opportunities and Risks for HMO in 2021 - what are they and what should you do? Thinking about investing in HMOs in 2021? Or are you ready to expand your portfolio? What are the challenges and risks? What is the economy doing and how should you respond? Andy Large and Wendy Whittaker-Large from HMO Success discuss the risks and opportunities for investors in 202...

HMO Success Podcast Episode 36: How to Create the Life you've Dreamed of, with Diane Greenwood Diane Greenwood is a property investor with a portfolio of single lets and HMOs, as well as being co-owner of a specialist HMO property agency. She’s also the owner of Freshly Maid, one of the biggest non-franchised domestic cleaning companies in the UK, and is the host of the Harrogate Property Investor...

HMO Success Podcast Episode 35: Capital Gains Tax Changes and how they might affect you as a property investor   In this episode I outline what CGT is and how it is currently applied to you as a property investor. Then I go onto explain how the Chancellor of the UK Government has commissioned a report to look at ways in which it can be simplified and brought in line with income tax rates.  Finally...

HMO Success Podcast Episode 34: The Marathon Man! Interview with Mike Frisby HMO investor   Mike Frisby has been investing for over 15 years and he shares his knowledge and experience about the best and worst deals he's done, and the outlook for HMOs for 2021 as he sees it. 

HMO Success Podcast Episode 33: Talking to tenants in your HMO: why communication matters!   Truth be told, I think there are some much better ways to communicate with your tenants than just talking to them! Save your time and money by using some smart ways to communicate effectively with tenants. Help make their lives easier, and you'll make your own much easier too! In this episode I go through...

HMO Success Podcast Episode 32: Do HMOs work in Swansea? Interview with James Stevens of Fairmile Property Co. If you've thought about investing in Wales but unsure about whether it would work, this interview will inspire you to find out more. James Stevens of Fairmile property only started 7 years ago but now has a rapidly growing portfolio of HMOs and has completed numerous other projects to boo...

HMO Success Podcast Episode 31: Why is there a housing boom and should I panic? Even in the midst of coronavirus, the UK is seeing a massive increase in property prices! Why is this happening and what are the economic reasons behind this boom? Will it last? I give my thoughts, research and input into this very perplexing state of affairs and shed some light on the three areas which influence the h...