HMO Tips for Self Management - HMO Property Tenants

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Samuel Leeds

Samuel Leeds

Күн бұрын

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What's the advantage of self managing your HMO; I answered a question by one of my academy students and I thought that I would share it with you guys. Reference checks are important to make sure you don't get the wrong types of tenants or even bad tenants. Knowing you have good tenants can take away the need of having a deposit and can be an extra selling point.
Let me know what you think of these points!
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Пікірлер: 44
@minikorsi
@minikorsi 3 жыл бұрын
Thank you! I learn a ton from your videos!
@lukecrwhyte
@lukecrwhyte 3 жыл бұрын
Hi Samuel. This is an extremely helpful video. I have a couple rooms empty in my first HMO and I believe it's because of these two things you mentioned, deposit and length of contract. I've now IMMEDIATELY amended this on the online portals and I have strong feeling this will make a difference.
@z0mgHD
@z0mgHD 3 жыл бұрын
Did it help ?
@factorylad5071
@factorylad5071 3 жыл бұрын
@@z0mgHD trying is flying is dieing.
@z0mgHD
@z0mgHD 3 жыл бұрын
@@factorylad5071 what ? 😅
@bazbond6004
@bazbond6004 3 жыл бұрын
Thank you Samuel, would you ask for an admin fee from the prospective tenant to allow you do these checks?
@damitiamiyu8969
@damitiamiyu8969 3 жыл бұрын
Thank you Samuel
@victoriaw6918
@victoriaw6918 3 жыл бұрын
Excellent video! Did you also provide cleaning of the house, does it only include communal areas or each bedroom as well? Did it include laundry of bedding?
@callum__4420
@callum__4420 3 жыл бұрын
thanks for tips and tricks 👍👍
@GrowthMindset_Travels
@GrowthMindset_Travels 3 жыл бұрын
Very helpful, thank you Samuel
@dizzydi1202
@dizzydi1202 9 ай бұрын
Very helpful video thank you
@jayeshdattani1314
@jayeshdattani1314 3 жыл бұрын
very nice samuel good to know.
@tasnemakhter7169
@tasnemakhter7169 Жыл бұрын
amazing thank you
@russellpetrie119
@russellpetrie119 3 жыл бұрын
is it a good idea to rent your property to the councuil because you get rent wether full or empty?
@MrBlaydz95
@MrBlaydz95 5 ай бұрын
What about right to rent do you check that? If so how? Does it have to be in person for student HMOs thanks 🙏🏼
@BellaVlogsLife
@BellaVlogsLife Жыл бұрын
Hi Samuel, thanks for this video. My question is if I found a 5 bedroom house and convert it to a 6 bedroom HMO, but I live in one of the rooms myself and I let a friend live in another room rent free, Would I still need a licence considering it's still a 6bed but only renting 4 rooms Would massively appreciate any advice 😊 Thanks
@ositaeze5237
@ositaeze5237 3 жыл бұрын
Great value
@shopefx6068
@shopefx6068 3 жыл бұрын
Brilliant
@boxingfan108
@boxingfan108 3 жыл бұрын
Great video. Thank you, Samuel. How to manage tenants when they don't follow the house guidelines?
@factorylad5071
@factorylad5071 3 жыл бұрын
Kick sum ass and put bigger signs up.
@JahirulIslam-nu2sq
@JahirulIslam-nu2sq 3 жыл бұрын
Samuel can you talk about tenancy agreements ? How to make a contract for tenants
@Xyz19781i
@Xyz19781i 3 жыл бұрын
can you do a vlog on spending nights in your rental properties, its a 7 days challenge .... you know with a little camera on yourself.
@domainnameguy
@domainnameguy 3 жыл бұрын
I can see renting in a shared house from botg sides of the coin etc Having rented for many years etc because it suits etc i tend to rent a room in a shared house for approx 6 years at a time etc but a shared house with multiple occupancy needs 2 freezer shelves and 2 fridge shelves in a tall fridge freezer per tenant etc A microwave Two cookers to prevent queues Two showers to prevent queues At least a dining area and somewhere tenants can relax in peace and quiet without the T v on etc in case they want to read a book etc and not be in their room etc Washing machine and tumble dryer etc Weekly cleaner of communal areas etc and main the garden etc or provide a maintenance free garden eg gravel etc Landlords want the cash Tenants will rent the best room with the most facilities for the lowest price etc Plus more and more tenants are choosing Vanlife Type Vanlife Or Van tour In to youtube and youll see 1000s of van tours where instead of landlords stating a list of terms aggreements exceptions exlusions restrictions etc and 1 month rent up front and a months deposit which is getting clise if not more than £1k + etc & some landords refuse Pets Couples Smoking etc etc All a tenant has to do is buy a long wheelbase mercedes sprinter or vw crafter and put a bed in it and live in it with no pet or couple or smoking restrictions etc and live life on their terms etc and not a landlords etc Landlords restrictions make living in a decent van a viable option etc because a tenant can either pay towards a landlords mortgage etc and having nothing to show for it or buy a new mercedes sprinter or vw crafter every 6 years tgat they own and can park where they like and become vanlife youtubers etc Plus there are vanlife youtubers that live in vans with 500k youtube subscribers showing people how to live in a van and get free energy via their own solar panels etc More landlords are removing the living room and dining room and leaving no communal space for their tenants etc Would a landlord live in a house with no living room or dining room? Neither will a tenant for very long if they find a shared house with a livibg room and dining room for approx the same money etc
@nazarasaid8645
@nazarasaid8645 3 жыл бұрын
Hi, I'm really interested in going into the Airbnb business, is it risky?
@yousafahmed9225
@yousafahmed9225 3 жыл бұрын
There’s risk involved with everything, do your research
@AmandaLeeds
@AmandaLeeds 3 жыл бұрын
Very valid points. You explain things very well! 👌🏾
@stanleyandrew92
@stanleyandrew92 3 жыл бұрын
Good to see the support from the wife. Behind a successful man is a great woman. 🙌
@aaroncousins4750
@aaroncousins4750 3 жыл бұрын
@@XMotionVideos "you are good wife. Scammer" you are good english. Liar
@lawrencecarlos9875
@lawrencecarlos9875 3 жыл бұрын
You are a very good wife, mother, beautiful on the face and also in the brain. I just love the way Samuel explain things. His tone of voice is nice and captivating. I bought his book and it was mind blowing. God bless you and your young family.
@scottsews
@scottsews 3 жыл бұрын
Great to know there is still landlords shafting tenants in the 21st century
@davidcml1363
@davidcml1363 2 жыл бұрын
I hear ya brother, money before health ( the scam known as supported housing is not just a scam but dangerous
@stanleyandrew92
@stanleyandrew92 3 жыл бұрын
Excellent advise. I'm actually struggling to get tenants for my HMO in Middlesbrough City centre though 😕
@SamuelLeeds
@SamuelLeeds 3 жыл бұрын
Middlesbrough is tough unless you’re right next to the uni and want students. Definitely possible though. Please give me a shout if I can be of help 👍🏻
@stanleyandrew92
@stanleyandrew92 3 жыл бұрын
@@SamuelLeeds thanks for offering to help Samuel. I really appreciate. I'll DM you shortly. 😊
@jamesgrant3812
@jamesgrant3812 3 жыл бұрын
@@SamuelLeeds is Watford good ?
@jarkester2
@jarkester2 3 жыл бұрын
I love Hmo’s capital appreciation + cashflow 💪🏼 (Endrit)
@factorylad5071
@factorylad5071 3 жыл бұрын
Until you find where that capital has to come from....
@gosskamperis2016
@gosskamperis2016 3 жыл бұрын
I guess one has to be discrete about ones selection process to avoid being accused of discrimination but I 100% agree with your points. I would expand on one of your points by saying "I'm not in the business of renting rooms; I'm in the business of matching housemates". I would further add that I don't put a room over my housemates' heads; they put a room over my head. Also (and VERY IMPORTANTLY) I am looking for people who are "moving to the area" rather than "running away from some other area". With regard to bedding, if I have housemates coming from abroad, I lend them good quality bedding and towels to save them having to lug it half-way round the world. I truly love my housemates; I've been best man for two of them. Treat the housemates like gold and they will repay you ten times over without even knowing they are doing it. Samuel, I know you're Christian, sadly I haven't yet found religion BUT you will know that the majority of people on this planet, irrespective of race, creed or colour are good. So treat people as you would like to be treated and you won't be disappointed.
@SamuelLeeds
@SamuelLeeds 3 жыл бұрын
Brilliant advice and I can tell you have much experience. Glad you agreed with my points also.
@AlpacaStorm
@AlpacaStorm 3 жыл бұрын
All these exploiters in the comments with tenants paying the mortgage of the landlord and having nothing to show for it!
@jayjaypen2
@jayjaypen2 3 жыл бұрын
Nah, too much work. No checks. No deposit. 'Informal sleepover' set up. Any problems, just chuck them out. Old school.
@KevinOrtiz-io8xm
@KevinOrtiz-io8xm 3 жыл бұрын
Heard you’re a scam tho
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