HMO's are a great property investment vehicle in the UK, and we love them. But there are 3 pitfalls to having HMOs that the property gurus don't tell you about.
In this video, Frank Flegg from Ethical Property Partners walks you through these pitfalls so you know how to navigate through the legal and compliance minefield that is HMO regulations in the UK for property investors and property investment, so you can avoid the costly mistakes that people make when setting up HMOs across the UK.
0:00 Pitfall 1 of managing a HMO
1:20 The different types of HMO's you need
1:56 Workload involved in HMOs
2:32 Pitfall 2 of managing a HMO
3:17 Making your HMO Compliant
4:36 Pitfall 3 of managing a HMO
5:00 What happens if your property strategy doesn't work any more
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➡️ Hi, and welcome to Ethical Property Partners. We are a group of franchised business owners operating across the UK who are working together to improve people’s lives by utilising our skills and expertise in property. We delight in the fact that every client who comes into contact with us leaves in a better position as a result of our input. Whether it is because they have sold a property to us, have purchased an investment from us, or because they live as a tenant in one of our properties.
We at Ethical Property Partners approach property from the unusual perspective of anything being possible if there is sufficient motivation and perseverance.
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