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The Property Podcast

TPP170: How to make HMOs work for you

The Property Podcast

Rob Bence & Rob Dix

News, Investing, Education, Business, Business News

4.82K Ratings

🗓️ 16 June 2016

⏱️ 29 minutes

🧾️ Download transcript

Summary

Many investors are drawn to HMOs by their seemingly high returns, but then deterred (us included) by the amount of work they seem to involve. And there’s no getting away from it: HMOs are more effort than your standard single let. Nevertheless, there are steps you can take to boost your chances of making HMOs […] The post TPP170: How to make HMOs work for you appeared first on The Property Hub. See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Hey everyone, welcome to the property podcast. I'm Rob B with of course Rob D.

0:05.0

And in this week's episode we're looking at HMO hacks and how you can make HMOs work for you.

0:17.0

HMOs Rob has that brought you out in a cold sweat yet?

0:20.0

It sounds like a lot of work.

0:22.0

I'm nervous Rob. I've got to admit I'm nervous. I don't like work.

0:25.6

I don't think that's quite true but HMOs are something that we've covered it on the podcast before but given how popular they are

0:34.9

probably haven't covered them quite as much as we could or should have done so we're

0:38.7

going to be putting that right today also we've got a resource of the week of course but more than that we've got a resource of the week of course, but more than that, we've got a good news story for landlords.

0:46.0

I can't believe, I can't, I don't think I'm mentally prepared for it just yet.

0:51.0

It's only taking 170 episodes to find a good news story. I know but we found one we got there we got there but we'll come to that in a minute I feel like I need to warm up for a second first

1:01.6

So I do just Rob we I do like work actually love work but and we've

1:05.8

been doing a lot of it we've both been interviewing the several positions

1:09.9

were hiring right now and I've got to say I think our systems and we're talking

1:14.8

about hacks maybe we'll have to do an episode on recruitment in the future but I think

1:18.8

I'm not saying we're perfect but we're getting pretty good the amount of of hiring we should be. Yeah we should.

1:24.9

I've, I didn't tell you this before we hit record but I've actually made my hire now. I've been hiring for a PA for probably about a month now. It's taken to actually

1:36.6

go through the entire process, but I finally made the offer just a couple of days ago and she

1:41.7

accepted and we'll be starting next week so I'm very very happy and that's a that was

1:47.2

We always get a lot of applications for the roles that we that we advertise because I like to think it's because we because we're exciting fast-growing companies and we put across the opportunity in a more interesting way than most recruiters do.

2:00.0

And I had over 260 applications for the role that I advertised, but managed to filter it

2:07.2

down using our systems down to about a final five before I had to start actually speaking to people and doing the interviews

2:13.7

myself and those final five are all fantastic so I think our systems are working.

...

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