5 biggest HMO mistakes in property investment | Vlog #010

What are the top 5 biggest HMO mistakes you must avoid as a property investor or landlord?

In my previous vlogs you have seen real life examples of some of my high-end Birmingham HMOs. With over a decade of HMO (House in Multiple Occupation) experience I have made many mistakes and learnt the hard way. In this vlog I share the 5 biggest mistakes I see new HMO investors making.

What do you see as the biggest mistake being made in investing in HMOs? Let me know in the comments section below.

#HMOmistakes #HMOinvestment #propertyinvestmentuk

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[ianh]

Excellent video, little details like the Euro and digilocks on the doors everything well maintained and fresh. I'd add importance of easy to maintain gardens and ample kitchen units for sharers. Clear to see you've made a success of this mate.

[AndyLowe-net]

The 'primary' location for students is not always just closest to their university campus. For example in Nottingham it's lenton which is half way between uni campus and town. You can live closer to campus, but there's not much going on

[hamzahbangyal]

Very informative video, nice to learn more on the different types of customers/tenants.

[sashaballa]

Just came across your channel last night and I'm loving your videos! I like that they are short and sweet. It's hard to find time to watch a 30 min plus video so yours are great. One thing I'd like to ask. Where do you purchase your furniture from for your low and high end properties?

[tennistron]

Great info Saj, a video on planning and permissions for the various different scenarios would be awesome!

[BeautyByChristina]

Fantastic video thank you so much for such an informative video 💯

[aayaanahmed]

Saj this was a great video, watched it all while doing my gym session 💪

[anudhadutta]

great video. in Scotland, presence of midges! is important!

[Neddiek]

Importance of internet speed is underrated, internet is communication electricity.

[swamibrahmavadin]

Absolutely quality video, I would be so delighted if one day I could invite you out for a lunch and ask questions.

[nasaspacemanwho]

Really enjoyed this. How do you Carter for different energy needs for each Tennant. Does each room have its own heating and utility bills?

[nadeem]

For those of us who don't have or want to start a management company Saj, do you have any advice on hints and tips on how best to over come management issues. I am guessing there aren't that many management companies out there who are proactive in ensuring an HMO remains fully let and correctly manage an HMO

[AdrianTanase-cd]

Yes, please do a video about planning and licensing separately. Thank you, your.mentee Adrian

[arbitr]

Your analysis of blue collar and white collar is very outdated. I work in design and build (Construction) in London and make well over £60k a year but would be classified as blue collar. I'm not sure its a clear cut as job type and industry. Many friends of mine work white collar jobs in offices and earn around 30-40k. Most of my blue collar colleagues, plumbers, electricians etc on £2k upwards per week. Is an office worker on £25k a year considered white collar? What about a site manager on £80k a year?

[amalnathan]

Hi Saj.. thanks,
Do you ask your tenants to pay deposit?
How do you manage the bedding?
Thank you again..

[grimetip]

Hi Saj. Many thanks for video

i wanted to know that to pass building regs and / or to satisfy a mortgage inspection, does a FENSA certificate need to be provided?
I ask as many suppliers will not provide it unless they fit it, and many builders who are competent to fit the windows arent able to certify.
What do you advise re this for HMOs / flat conversions etc

[Corinthianservices]

For Accurate Appraisal /Valuation of All New Future Rental Proposals you seek in Target Locations You Seek, is there any Appraisal Software you use please to quickly appraise new proposals to enable you to promptly submit offers direct to property owner/landlords?

form of tenancy
valuation considerations
valuation approach
assessment of gross income
assessment of operating expenditure
net income capitalisation
benchmarking
aggregate break-up value and
cash flow analysis.

[shunly]

Thanks 🙏 Saj Husein, I’ve just subscribed to your channel 👌👍🏼👍🏼🙏🙏

[sahab]

Hello Saj, if I start a property rental business dealing with HMOs and buy to let, would this be classified as trading or investment? How can you turn it into a trade if it is an investment type business?

[Kashlaw]

Hi Saj. Very useful videos. I've just invested in a 22 bed former care home with plans to covert to student accommodation. It's my first HMO as have several single let properties. Would be great to touch base and get some guidance. Appreciate you will be super busy so no problem if not possible. Regards Kash.