5 BIGGEST HMO Investing Mistakes | HMO Investing Pitfalls | Simon Zutshi

It’s really important to keep up to date with changes in the property market and one of the best ways to do this is by attending your local property investors network (pin) monthly property networking meetings which are all over the UK and in the Netherlands and Dubai.

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In this property education video, Simon Zutshi, author of Property Magic, founder of the property investors network (pin), and successful property investor since 1995 shares the 5 Biggest HMO Mistakes in Property Investment.

Simon’s 23 years of HMO Property Investing experience allows him to explain HMO Property UK Mistakes and how you can avoid these 5 HMO Property Investing Pitfalls. He admits that HMO Property Management doesn’t work for everybody but can be a great Property Investment Strategy if done correctly.

He begins elaborating on one of the first Landlord Mistakes which is ‘Thinking You Can’t Do a HMO UK’ and simply not educating yourself on the HMO Rules, Regulation and Legislation. By not understanding them and thinking a House of Multiple Occupancy is harder than it is, you are missing out on the return you could be getting in comparison to a Single Let Property.
It is also correct to assume a HMO Refurbishment can be costly, but this doesn’t necessarily have to be your money, and there are Property Strategies such as HMO Rent to Rent to overcome this.

Not understanding HMO License Requirements and HMO Planning Permission is the next way Simon has seen a HMO Project Gone Wrong. He shares a brief overview on both HMO Property Investment factors, ensuring you are aware of how they are completely different.

Not checking the Property Market Supply and Demand for a HMO in that specific area is important to avoid. This is because there can actually be an oversupply of HMO Property in some areas. Your HMO Property Investment UK being set up to look average is also problematic, as you will be competing with everyone else.

Finally, mixing different types of HMO Property Tenants, such as Students and Working People, is a key mistake to avoid if you want to achieve Property Investment Success.

[steveharman]

Ery professional presentation yet again Simon, thank you

[petekelvin]

So hard to find nice content like this. I don't know who, but someone actually needs to hear this, you've got to stop saving all your money. Venture into investing some, if you really want financial stability

[danielneon]

Thanks Simon for very useful information 🔥🔥🔥

[LoveLearningInDorset]

Excellent content. I'd love a video about structuring the house for say, a 5 bed. I love Victoria properties, 4 beds work, but I lack knowledge in structuring to create a 5 bed. Taking into consideration future proofing room sizes ;)

[motorola]

Speaking from experience, it's a nightmare to do HMO in Scotland due to much more strict regulations...