The HMO Success Podcast with Wendy Whittaker-Large

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/

-------------

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.

How a single mum went from broke to being a property multimillionaire! Susie Cole on health, wealth and happiness.

How a single mum went from broke to being a property multimillionaire! Susie Cole on health, wealth and happiness.

Susannah Cole started in property because she had a problem to solve. As a head of household with two little children, her month and money were only just meeting (and sometimes there was a gap) and she wanted more time with her family rather than having to swap her time for money at work.

She could see property could deliver that, so she set to! She started The Good Property Company in 2011, as a kitchen table start-up. At first the goal was to source deals for investors, work on JV flips and then invest in property for herself and her family, to reach Financial Freedom and get to her personal goal which was more time with her family and loved ones, and the relatively passive money coming in, to not worry about money!

In the first four 1/2 years of being full time in property, The Good Property Company sourced more than 200+ properties, all in Bristol, with a value of over £45 million, at a purchase price of £30 million(before refurb).She was asked by Wendy, who became her first student, to share her simple step-by-step-systems, and since then she has taught thousands of student to flip, deal source, JV, find investors and undertake the journey to get to Financial Freedom, so they can reach their goals, and spend more time with their family and friends, and live life on their terms.She has a fantastic YouTube channel (Susannah Cole / The Good Property Company), and a super helpful website where you can download helpful property checklists and packs, and join her online 60 Day Academies, as well as watch her motivating and helpful property webinars on Deal Sourcing, Flipping, and Investing.

Not bad for a start up!

Since then. life has taken its various turns and Susannah shares candidly about her recent health scares and how she has pulled through with her usual tenacity and wisdom. 

A fantastic guest who shares her enthusiasm for both property and entrepreneurialism, who is not to be missed!

To find out more about Susannah Cole and her company, The Good Property Company ,here are your links:

Website:https://thegoodpropertycompany.co.uk/

YouTube:https://www.youtube.com/c/TheGoodPropertyCompanySusannahCole

Insta:https://www.instagram.com/susannahcoleuk

Facebook:https://www.facebook.com/SusannahColeTGPC

 

Unlocking the Secrets to HMO Mortgages - Exclusive Interview with a Specialist HMO Mortgage Broker!

Unlocking the Secrets to HMO Mortgages - Exclusive Interview with a Specialist HMO Mortgage Broker!

Getting access to the right finance before, during and at the end of your project is key to success. Without the right kind of finance and financial advice, you could find yourself haemorrhaging money during the refurb, or leaving too much money in at the end of the project.  Knowing when to execute the re-finance, along with the characteristics that make a feasible project for pulling all your money out is the specialism of my guest today. 

As a Specialist Property Finance Broker, Henry Barley from Advocate Finance has helped us multiple times to get the right finance for our HMO and development projects and also for many of my clients. He knows masses about HMOs and in particular the wide range of products that are available for you if you're creating HMOs.

To contact Advocate call 01206 544333 or go to their website www.advocatefinance.co.uk Address: Office 5 Aster House, Lanswood Park Business Centre Elmstead Market, Colchester, Essex, CO7 7FD

 

------

If you would like to reserve your space on one of my upcoming events (HMO Discovery in Birmingham or London) please email me at wendy@wendywl.uk and I will send you the link to book and pay for your special place. 

 

At just £99 +vat for a full day's interactive training, complete with refreshments, lunch and loads of tips, tricks and tools, you'll have an amazing day and get 2024 HMO investing off with a bang!

The Top 10 HMO Mistakes not to make in 2024!

The Top 10 HMO Mistakes not to make in 2024!

Avoiding problems is just as important to success as having results. In this episode I go over the top 10 mistakes that I often see HMO investors make and how and why they happen.  Whether you are a seasoned investor or you are just getting started, I'm convinced that these top 10 mistakes can be avoided, which could be vital to your progress. 

Over the years I've been investing, I've seen HMO businesses come and go, and the ones that last the course seem to be able to incorporate these lessons effectively year after year. 

Please leave me a quick review on Apple Podcasts  or Spotify if you find this episode useful. Share, like and comment!

Got any questions? Please get in touch via wendy@wendywl.uk (I answer all emails personally). 

If you want to join my 1-2-1 mentoring program, you can enquire here.

New to HMOs? Come along to my HMO Discovery Day where you'll learn my unique 5 Step System to creating a profitable HMO portfolio. Just email me for more details!

Why I don’t set goals and I don’t think you should either

Why I don't set goals and I don't think you should either - Episode 106

This is an outrageous claim Wendy! What do you mean, you don't set goals and you don't think I should either?!

Well, simply put - because, just like New Year's Resolutions, they often don't work! Instead, I use a simple action based planning system that helps me get into an excellent routine early in the year. And then I stick to it throughout the year. I have an accountability buddy who holds me to account and I track my activities each and every week this way. 

It creates a routine, a system and embeds useful habits. All of which enable me to run a healthy, harmonious home and business. 

Listen now to hear what I do, and get in touch if you would like to know more!

Wishing you an amazing 2024 and a very Happy New Year!

from Wendy xxx

--------------