011 | 5 Fool-proof Ways To Set Up Your HMO Property!

RESOURCE LINK

1. The HMO Experience Website (http://www.thehmoexperience.co.uk/)
2. Download the 11 Steps to Running your successful HMO Property Business and other FREE RESOURCES (http://www.thehmoexperience.co.uk/resources-page)
3. Sign up for weekly hacks and tips for starting and scaling your HMO Property Business (https://www.thehmoexperience.co.uk/subscribe)

IN THIS EPISODE

Your podcast host Matt Harris from MiRentCo London and Steve Mitchell from The HMO Company talk about what you need to do once you’ve secured your first, or next, HMO property. The house might look amazing after any refurbishments that you’ve made, but does everything work?

This is an area that many people think is complicated, but it’s not if you are organised and follow these suggestions so make sure you tune in to this episode of The HMO Experience Property Podcast.

KEY TAKEAWAYS

1. Following a simple process of getting the property ready for your first customers to rent your rooms means you reduce the stress for you, and you give your new customers a great first experience. Your customers will always remember the one thing that doesn’t work after moving in.
2. If there’s no wi-fi or a blown lightbulb in the bathroom that is far from ideal! Using a checklist that reminds you to check everything means it eliminates the easy-to-forget things that can be missed when getting your HMO ready.
3. One of the most important things you need to know is that the property is compliant. This is to keep your customers safe so a fire risk assessment, gas safety check and electrical certification are paramount.
4. An accurate record of all necessary information about the property, and what’s in it, will make your life easier too once it’s rented out. This will help you in future if anything needs to be fixed.

BEST MOMENTS

'We use a tripartite contract. We don’t want to be in a position where we’ve a contract with a third party who doesn’t even own the property.'

'The benefit of having a checklist is that anyone can follow it.'

'It takes us a week to get a property set up & ready to rent.'

If you enjoyed this episode of The HMO Experience Property Podcast, PLEASE don’t forget to subscribe & share this podcast!

Make sure you rate & review the podcast HERE - thank you :)

CONNECT WITH THE HMO EXPERIENCE

• Subscribe on YouTube - https://www.youtube.com/channel/UCnFoaXd-do8eTxZniWrcKhA/featured
• Follow Us on Facebook - https://www.facebook.com/thehmoexperience
• Join us online EVERY Third Wednesday of the - https://www.facebook.com/ProgressivePropertyStPancras/

CONNECT WITH THE HOSTS

Matt Harris - https://linktr.ee/iammattharris

Steve Mitchell - https://www.facebook.com/steve.mitchell.9843