Supported living isn't necessarily the first thing that comes to mind when we think of HMO investment but what if I told you that you could potentially double your profits from the same properties by following this model?
In this episode, I'm excited to be joined by Chris McDermott, one-half of NW Living together with his partner Cat.
NW Living specialises in converting neglected properties into high-end accommodations for Supported Living providers. Over the last 5 years, they have successfully built a lifestyle business that allows them to prioritise family time alongside their passion for property development.
During our conversation, Chris and I discussed:
• The story behind their passion for HMOs
• How they transitioned from professional lets to supported living HMOs
• The challenges and learnings in doing supported living HMOs
• The Importance of making the right connections with charities and asking the right questions when getting finance
• Compliance constraints you need to be aware of when working with charities
Learn more about NW Living here:
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