The HMO Success Podcast with Wendy Whittaker-Large

Seeing the Wood for the Trees - Knowing the Wider Economic Picture on Property Investing with Adam Lawrence

My guest this week has a vast financial and business background which made his entry into property investing an interesting one! Utilising his understanding and knowledge of the macro economic picture, he has been able to translate all those figures and graphs into meaningful content to help others invest wisely. 

Adam Lawrence has built a significant portfolio through adding value, leveraging safely and finding potential that others have missed. He now owns other businesses which are in the business of supporting his property investments. The central tenets are risk management and sustainable growth in a sector which is crying out for reform, efficiency, and ethical business people.

It was enlightening, educational and highly interesting to interview Adam - I discovered a lot I didn't know alongside our joint passion for seeing the 'bigger picture' when it comes to property investing. 

 

 

Focusing on one Tenant Type for my HMO - the pros and cons with Ethan Roscoe

Ethan Roscoe originates from South Africa. He came to the UK to start a new life and soon saw the possibilities that property investing offered him. After redundancy he came to realise the power of owning assets, and in this week's interview, he shares how he has maximised the assets to their full. 

In the early days, he adopted the suggestion to use his car as a tool for marketing - until a very funny thing happened. It had me in stitches of laughter. I wonder if it will make you laugh too 😁

Ethan has experienced the highs and lows of property and he has words of wisdom for those starting out in HMOs today. I think you'll get a warm glow listening to his story and realising that HMOs are possible for us all. 

How a young couple decided to change their lives with HMOs - Tom and Issie from Easy Living

Thomas Rozycki and Isobel Ferris met at University and knew that they wanted to start investing in property as soon as they could. Their professional careers took off but were ideally suited to starting a property company and soon Easy Living was born. 

With a background in design and project management, Issie saw the potential of the brand, and with Tom focusing on the refurbishment work, they created a unique team which utilised both of their skillsets. 

I had the pleasure of being their mentor for a year - a year in which they achieved some fantastic results. It was great to catch up with them and see how far they have expanded and what their plans are for the future. 

 

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For more information, guidance and support to help you invest in HMOs and create a profitable property portfolio, please head on over to my website www.hmosuccess.co.uk

You'll find some free downloads to learn about HMOs as a high cashflowing strategy and how you can get started with very little money. If you want to learn more about my amazing tips which I compiled to help people just like you, you can get your own copy of my '101 Essential Tips for Running a Professional HMO' here. (Just pay postage and packing). 

For a FREE 30 minute call for any help you might need with HMOs, and to understand what I can offer you to help you progress your portfolio, please book a call here: https://fwfozt-free.10to8.com/

I look forward to hearing from you!

Wendy

The Three Management Systems you Need for Managing your HMO

Today's episode is all about the three areas of HMO Management - Finance, Property and Tenants. 

When you're scaling up your business it's easy to take your eye off the ball and forget that you are the owner, manager and leader. The buck stops with you. If there's a problem with compliance, or certificates, or the roof falls in - it's your building and therefore your problem. 

Even with a good managing agent, you will have to take more responsibility with an HMO. By addressing each of these area, you can make them work like clockwork, and you can outsource as much as possible too. By doing so, you'll free up your time to lead, strategise and develop your business. 

This is crucial, as good business design leads to good life design. 

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For more information, guidance and support to help you invest in HMOs and create a profitable property portfolio, please head on over to my website www.hmosuccess.co.uk

You'll find some free downloads to learn about HMOs as a high cashflowing strategy and how you can get started with very little money. If you want to learn more about my amazing tips which I compiled to help people just like you, you can get your own copy of my '101 Essential Tips for Running a Professional HMO' here. (Just pay postage and packing). https://www.hmosuccess.co.uk/101-book-pp

My facebook group is a lively community of HMO investors where you can find tips and tricks to investing in HMOs and you can join here. 

https://facebook.com/groups/TheUltimateHMOSuccessSystem/

For a FREE 30 minute call for any help you might need with HMOs, and to understand what I can offer you to help you progress your portfolio, please book a call here: https://fwfozt-free.10to8.com/

I look forward to hearing from you!

 

Budget Response Special - Will the Chancellor's Spring Budget affect HMO investors?

Join me and my partner Andy Large in this insightful podcast episode as we delve into the recent UK budget announcements. With changes to the tax and management regime for short-term lets / serviced accommodation providers, and changes to Capital Gains Tax (CGT) and the abolishment of multiple dwellings relief, there's much to discuss.

How will these changes affect the HMO market? Will we see SA units coming onto the market in the form of HMOs? How will SA operators react to the new tax regime as they now grapple with what this means for them? 

Wendy and Andy break down the implications of these changes, offering valuable insights for small business owners and property investors alike. Tune in to stay informed and prepared in the ever-evolving financial landscape.

Sue Sims and the Challenges and Opportunities for Social Housing HMOs

In my latest episode on the HMO Success Podcast I had the privilege of sitting down with Sue Sims, the visionary founder of award winning Genie Homes, to delve into her expertise in supported housing HMOs (Houses in Multiple Occupation). As an online training session, she was not only able to answer my questions, she got to grips with all the questions asked by the audience!

With a passion for creating sustainable living spaces that meet the diverse needs of individuals and communities, Sue has become a trailblazer in the realm of supported housing and HMO development in the UK. She is also the founder of Partners in Property - one of the UKs most well known and respected networking communities. 

Throughout our conversation, Sue shared invaluable insights into her innovative approach to creating homes that work exceptionally well for those in need. She discusses the pros and cons of working in this sector, what you need to know to get into this area of housing and the challenges you might face. 

If you would like to be notified when I hold another live online session and ask your questions to my expert speakers, please email me on wendy@hmosuccess.co.uk or visit https://www.hmosuccess.co.uk/contact/

If you want to learn more, tickets to her Social Housing debate (as mentioned on the podcast) can be reserved here:

https://www.eventbrite.com/e/big-social-housing-debate-sue-sims-sarah-walker-lisa-brown-toby-wilde-simon-tickets-848444238557?aff=erellivmlt

https://suesims.co.uk/
https://partners-property.com/

How to Get Fat on HMOs whilst Staying Lean

In today's podcast my guest is an investor who started in HMOs after a dawning realisation. I'll let him describe to you what that was!

Following this revelation, he and his wife Philippa re-imagined what student shared houses could be like. Not only so that they work as an investment, but also so those living there benefit. They launched their business, FAT properties, and have steadily built a profitable and unique portfolio, serving the student market across the North West of the UK. 

Tom Charrier is the guy I'm talking about, and I think you'll love his fresh, innovative approach. 

Their mission is simple: to create beautiful, spacious student homes to inspire. As they say: 'The perfect balance of social life and study life, they’re designed for you to succeed. At Uni, at life'.

If you're thinking about student HMOs or you've already got some but are looking for ways to stand out in a crowded market, then Tom might just be the person to help you. In today's episode he also shares ways in which he and Philippa are making inroads supporting students with their overall wellbeing and mental health. 

Inspiring, creative and thought-provoking. 

You can contact Tom here: https://fatproperties.co.uk/

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For more information, guidance and support to help you invest in HMOs and create a profitable property portfolio, please head on over to my website www.hmosuccess.co.uk

You'll find some free downloads to learn about HMOs as a high cashflowing strategy and how you can get started with very little money. If you want to learn more about my amazing tips which I compiled to help people just like you, you can get your own copy of my '101 Essential Tips for Running a Professional HMO' here. (Just pay postage and packing). 

For a FREE 30 minute call for any help you might need with HMOs, and to understand what I can offer you to help you progress your portfolio, please book a call here: https://fwfozt-free.10to8.com/

I look forward to hearing from you!

Wendy

 

 

 

Get into your FLOW with HMOs in 2024 - special guest interview with Paul Lanfear

I met Paul a few years ago at a property networking event and he has become a firm friend, confidante and amazing supporter! He and his wife Liz set up Property Angels in Leeds a few years ago and rapidly built a strong HMO portfolio, eventually owning and managing over 260 rooms. 

They decided to scale back, pay down debt and consolidate their portfolio when they realised that neither of them were achieving what they wanted to with such a large and occasionally cumbersome portfolio. Since then, Paul has launched his own breakfast networking group in Leeds which he hosts monthly, taken up surfing, and as a family they are keen travellers sharing motorhome life with their daughter, Millie. Their courage to ask what they really want in life and to do it, is a shining example of a lifestyle rather than an empire business. 

Paul is a great advocate of finding what you're good at and doing it well. And letting others do the rest! He shares how he is using his knowledge of investing, money markets and property to ensure that his income and wealth are protected and growing whilst still having an amazing quality of life and lots of fun doing it!

I find Paul inspiring, lovely and insightful and I was so pleased to have him once more as my guest on the HMO Success Podcast. Contact him via his website - https://paullanfear.com/

 

An Exclusive Interview with Property Tax-Saving Expert, Shaz Nawaz

In this insightful and informative episode of the HMO Success Podcast, Wendy Whittaker-Large, the host, interviews renowned tax-saving expert and chartered accountant, Shaz Nawaz. Drawing on his personal experiences as a property investor and tax specialist, Shaz shares practical recommendations on how to significantly minimize tax liabilities in property investments, from point of purchase through to operation.

Shaz simplifies complex tax scenarios, focusing on capital allowances for property investors, incorporating unique real-world examples. He shares invaluable resources for a deeper understanding of tax allowances and reliefs. The episode delves into a range of tax-related topics such as stamp duty land tax (SDLT) breaks, practical strategies to evade stamp duty land tax, and the benefits of incorporation relief.

Continuing the enlightening discussion, this episode broadens into refinancing strategies, fixed deals, and tax predicaments. It provides an in-depth exploration into a practical case study demonstrating tax-saving mechanisms in the property arena, thereby uncovering the lesser known prospects of property incorporation.

The podcast transitions into detailed, real-world examples demonstrating how capital allowances can drastically decrease future tax liabilities. It discusses the benefits of land remediation relief, especially for asbestos contamination. Beyond this, Shaz shares his experience with negotiating with local councils for rate relief and tips on intelligent business tactics like strategic decision making on property to secure tax benefits.

This episode of the HMO Success Podcast is filled with practical advice and hands-on examples aimed at property investors looking to maximize their investment returns while minimizing their tax liabilities. Tune in to gain invaluable knowledge on tax efficiency strategies for property investment.

To contact Shaz you can email him at  
shaz@aa-accountants.co.uk

You can buy his book on Amazon here : https://www.amazon.co.uk/Property-Investors-Tax-Guide-Progressive/dp/1909846678#:~:text=Written%20in%20a%20straightforward%20and,and%20examples%20from%20real%20life.

How the Post Office Scandal has similarities to the HMO Council Tax miscarriage of justice. A discussion!

How the Post Office Scandal has similarities to the HMO Council Tax miscarriage of justice. A discussion!

In this episode of the HMO Success Podcast, Wendy Whittaker-Large delves into the mounting challenges that landlords across the UK face, drawing an insightful correlation between the recent post office scandal and the complexities surrounding HMO and council tax. Addressing the repercussions of systemic disparities and exploring potential resolutions, Wendy dissects the complexities of the system that influence landlords, tenants, and millions of UK residents.

Unravel the correlation between the post office scandal and the impending HMO council tax reform in this riveting session. Discover what led to the government's scramble in 1992 to move on from poll taxes, resulting in the current poorly defined and misunderstood council tax legislation affecting landlords and tenants alike. Understand how systemic miscarriages of justice mirror this scandal.

Through compelling dialogue, Wendy articulates the dire consequences of the flawed system that stifle ordinary citizens, hinder fair representation, and maintain dubious rulings. Emphasizing the urgency of legal aid accessibility for those affected by wrongful decisions, this episode further delves into the unaddressed matter of backdated council taxes.

Drawing parallels between the post office scandal and council tax, the conversations underline the necessity of collective action for systemic change. Highlighting the powerhouse of the HMO Council Tax Reform group, this episode stands testament to their relentless fight for fair representation, reminiscent of the historic Magna Carta.

Ending on an optimistic note, Wendy brings forward affirming updates from the HMO Council Tax Reform Group, showing commitment to righting the system's imbalances and injustices. Tune in for an enlightening discussion about the course for a just system for all those grappling with the complexities of the HMO council tax legal framework.