28: House of Multiple Occupancy (HMO) Special with DaySmith Ltd

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Property Investors Podcast

Education


You asked, we delivered! Thank you Murdo Ross for getting in touch and asking for a HMO special. We’ve wanted to do an episode on House of Multiple Occupancies for a while and when Tom saw a promotional video from DaySmith Ltd he knew he’d found the perfect guests.  In this episode we really go into lessons learned from HMO investing and a blueprint of how you can get involved in this market.  · We find out the backgrounds of Dan, James and Anne-Céline. · How Dan & James first entered into the property market through a property development course and then how Anne-Céline joined them. · The story behind buying their first project and why it was the worst deal they’ve done to date. · How DaySmith LTD raise finance and use momentum investing.  · A breakdown of their HMO and property portfolio.   · Lessons learned from renting out to couples vs singles in HMO’s and the dynamics of people living under one room. · Tricks to keep a happy HMO and looking after tenants.  · The stigma around HMO’s and how the market is evolving and professionalising.  · The HMO licensing processing and tips on how to effectively gain the correct licence.   · A new project to build out 2x 7 bed HMO’s and the planning permission process under permitted development. · How the team find projects. · The marketing Anne-Céline does and how this has helped grow their business. · Whats next for DaySmith LTD and the future of the business. Including their up-coming training courses and HMO discovery days.  To find out more about DaySmith Ltd or get involved with their training sessions visit http://www.daysmith.co.uk follow on twitter: @daysmithL, Instagram @daysmithltd, like their facebook page: http://www.facebook.com/daysmithltd and watch them on YouTube: https://bit.ly/2ZgJ7E8   For more from the Property Investors Podcast follow us on Twitter/Instagram/LinkedIn @PodcastProperty or join our community on Facebook: http://www.facebook.com/propertyinvestorspodcast