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The Property Podcast

ASK250: To HMO or not to HMO? PLUS: What's wrong with Birmingham?

The Property Podcast

Rob Bence & Rob Dix

Education, Business News, Business, News, Investing

4.82K Ratings

🗓️ 25 August 2020

⏱️ 9 minutes

🧾️ Download transcript

Summary

We’re back with another episode of Ask Rob & Rob and this week the guys are discussing questions on HMO’s and why they do/don’t love Birmingham. The first question we’ve got for you this week is from Martin, who after listening to the podcasts has gone on to recently purchase his first property.  It’s a 3-bed property that would rent out for around £800pcm and he has the option to renovate it and turn it into a 4-bed HMO that will bring in around £1,600pcm.  He’s now questioning whether he’d be better off appealing to a family where he won’t have to pay the bills for them, or go for the HMO market and tenant turnover, but almost doubling his income? It’s certainly a tough decision to make Next up we’ve got Jordan. Clearly due to his question he’s been a long term listener as he’s got a question based on a podcast The Robs did a few years ago.  The podcast episode was why Rob & Rob don’t show Birmingham much love so now Jordan is wondering if three years on that’s still the case and The Robs still don’t love Birmingham. To him it seems like a good choice as from what he can see the fundamentals are there, but he’s wondering if he’s missing something.  Tune in to find out if Rob & Rob have a new found love for Birmingham or if they’d still keep away.   Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).  Or if you prefer, click here to leave a recording via your computer instead. The next question on Ask Rob & Rob could be yours.  Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself. See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm Rob. And I'm Rob. And this is Ask Rub and Love.

0:07.0

Hello everyone and welcome to Ask Rob and Rob. The show where you give us your lovely questions and we do our very best to give you a half decent answer.

0:18.0

And this is episode 250 of Ask Rob and Rob.

0:21.0

Wow, that's a lot of questions we've answered over the last few years so thank you to everybody who continues to contribute.

0:29.0

But let's make sure we get in another 250. Let's have a go anyway.

0:34.0

Rob, to keep this road show on track, how do people get involved?

0:38.0

How do they ask a question?

0:40.0

Well, I think this has been going for so long because it's so simple.

0:43.0

All you've got to do is call 013, 808,00035, that's 013, 808,00035.

0:49.0

Or you can go to Property Hub.

0:50.0

Net slash Ask.

0:52.0

Either way, leave us a voicemail, get your question in and the show will keep

0:55.1

on powering ahead to episode 500 and beyond. So let's power on right now with this question

1:00.6

from Martin.

1:01.6

Hello Rob, mine here, thanks for all the information over the last three years.

1:05.8

It's been a great help and it's inspired me to get my first property last weekend.

1:10.7

I just want a quick question, is the free bed property that would rent out for around

1:15.4

800 pound a month now I have the option to renovate it and turn it into a

1:20.3

four bed HMO to generate about 1600 pound of bumps.

1:24.8

I almost double or a little over-double.

1:27.2

In your opinion, and my better of friends than into a family where I don't have to pay the bills

1:31.8

and have a lot less stress or go for the

...

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