Currently viewing the tag: "HMO"

Renting Property Can Be More Profitable Than Buying!

Renting Property Can Be More Profitable Than Buying!

How Next Generation
Landlords Earn Living

It can be infuriating when you’re shown an investment strategy that is so simple, and obvious, that you can’t understand just how you missed it?

So now an easy to follow, step-by-step guide is being made available to property investors (and first-time buyers) just in time… even if the next generation of young landlords are already familiar with it, and using it to fantastic effect.

UK property prices are finally getting back to record highs, and the newspapers are again telling us how property investment and controlling bricks and mortar is a very reliable way of multiplying monthly income.

Forget ‘buying’ a starter-house with your families hard earned savings as a deposit, because there is a much easier way…

Rent A House And Make Up To £1,000 (GBP) A Month Income From It!

Whether that is a house advertised in a local newspaper or one that you have seen in the estate agent’s window… it doesn’t matter.

Right now the UK’s biggest property education company is explaining how to use this simple strategy to great effect:

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Surge In New Buy-To-Let Mortgage Products Confirms Rental Property Revolution

Surge In New Buy-To-Let Mortgage Products Confirms Rental Property Revolution

Surge In New Buy-To-Let Mortgage Products Confirms
Rental Property Revolution

A number of market leading lenders have introduced improved Buy-To-Let mortgage products to meet the growing demand for portfolio expansion by UK landlords.

The surge in the number of new mortgage products coming to market confirms that the UK buy-to-let industry is growing across the whole of the UK and there are even more BTL products still awaiting launch dates from lenders.

Paragon Mortgages has introduced a new Buy-To-Let mortgage product for single unit properties, Houses of Multiple Occupation (HMO’s) and multi-unit blocks; the rate is fixed at an initial 5.49% for a maximum Loan-To-Value (LTV) of 75% with a 2% product fee.

The Post Office, (and its financial services partner the Bank of Ireland) have also entered the Buy-To-Let mortgage market, launching a range of buy-to-let mortgages at 60% and 75% LTV – some of their BTL mortgage products don’t even have an arrangement fee and include free valuation.  

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NLA Want HMO License Fee Refunds For Landlords

NLA Want HMO License Fee Refunds For Landlords

HMO landlords Wrongly Charged Licensing Fees By Local Authorities

The National Landlords Association (NLA) has demanded that landlords affected by the outcomes from three specific judgments involving English local authorities and HMO landlords.

The NLA have written to all local authorities in England asking them to contact any affected HMO landlords, informing them of their right to the appropriate refunds and providing details of how they may make a claim, after recent court judgements clarified some issues surrounding the mandatory licensing of Houses in Multiple Occupation (HMOs) and how local authorities determine HMO licensing fees.

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Property Investment Case Studies – Peter Singh

Real Property Investment Success By Real People

Real Property Investment Success By Real People

I have been fortunate enough to interview many successful and high profile property investors for MyPropertyPowerTeam.co.uk and there is nothing more motivating than speaking to people who have achieved property investment success against all the odds.

Last week I spoke with Multi-Let Success Strategy founder – Peter Singh, who some of you may remember from the Super Conference at Wembley stadium in March 2013.

Peter bared his soul and shared his emotional property investment journey stood on a stage in front of over 1000 super conference attendees, and I can honestly tell you that it was both moving and inspirational.

From regularly gambling away every penny he had, to being unwittingly involved in a multi-Million pound VAT fraud, for which he had to stand trial, to controlling 11 houses of multiple occupation (HMO’s) or multi let properties, generating £7,000+ (GBP) per month cashflow, in a short space of time.

Peter knew that property investment would provide him with enough income to clear his debts and set him up for life and set about arranging his first property investment deal while he was in court during the day and working night shifts in a local factory to make ends meet. Everyone he talked to about his property vision thought he was mad, including his own legal team, family and friends.

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Peter Singh Will Share Multi-Let Success Strategies on 5th & 6th October

Peter Singh Will Share Multi-Let Success Strategies on 5th & 6th October

Peter Singh, one of the UK’s fast growing authorities on Multi-Let property management, is holding another of his unique two day seminars on the 5th & 6th October 2013, where he will share the essential requirements to build your own profitable Multi-Let property portfolio.

Multi-let properties are a particular type of rental property that has been split into individual dwelling units, also called Houses of Multiple Occupation or HMO’s.

The concept requires leasing a suitable single let property at a fixed monthly rental price, the property is then sub divided into individual rooms, complying with all the usual safety and legal regulations for a small cost.

The rooms of the multi let property are then let out individually to professional tenants. The profit is made after deducting the difference between the rent paid for the single let of the rental property and the rents paid by individual tenants.

Multi-Let rental properties produce excellent monthly cashflow for property investors and landlords who know how to effectively split suitable properties, without even having to be the owner of the property.

If you want to discover how Peter can help you control property and how a few simple changes to your existing property investment strategy could help to generate excellent monthly cashflow from your existing rental property portfolio, then sign up to attend this unique training event on 5th -6th October 2013.

If you could copy Peter’s strategy for producing an extra £1000 PER MONTH from property, what would that do for your rental property portfolio?

Multi-Let Success - 5th & 6th October - Book Now!

Multi-Let Success – 5th & 6th October – Book Now!

Peter will be sharing a wealth of profitable information for property investors and landlords, on this exclusive 2 day training event, including:

  • HMO/ Multi-let Intro to the Law
  • How to find your £1000 Goldmine area
  • Estate Agent insider’s knowledge
  • The FIVE tenant profiles to know
  • Maximum effect strategies for sourcing tenants and keeping them
  • Staging the property and the safety lessons
  • Systemised Business – maximum cashflow with minimum time
  • Where to get furniture at MASSIVE discounts
  • Power team – where to assemble your discounted tradesmen
  • Legal packs
  • All the templates, notices, tenant spread sheets and manuals

Read what other property investors had to say after attending Peter’s last training days on the 24th & 25th August here – https://www.facebook.com/MultiletSuccessStrategy/posts/203794419794859

or view their video testimonials below

 

Multi-Let Success Strategies with Peter Singh - 5th & 6th October

Multi-Let Success Strategies with Peter Singh – 5th & 6th October

Fire Door Safety Advice For HMO LandlordsFire Door Safety Week 16th – 21st September

 Are Your Fire Doors Safe?

Fire doors are a critical element of fire safety and a requirement in every commercial and public building, however, they are also a legal requirement for multi-let properties also known as Houses of Multiple Occupation (HMO’s).

Tenant safety is reliant on fire doors to perform correctly in the event of a fire by providing critical protection within a building such as escape routes (stairs and corridors) and places of relative safety, and in separating different fire hazards in a building.

To save lives, they must work correctly, and there are some simple checks you can undertake depending on whether you are a building owner, or manager, a landlord or occupier.

If you are concerned about the safety of fire doors in your building, take a look at this simple list of checks you can make.

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Tenants Share To Cut Living Costs

Tenants Share To Cut Living Costs

Private Rental Sector Tenants
still struggling to make ends meet

With the amount of would-be tenants looking for shared accommodation is reported to be up by 31% since 2011, suggesting that UK tenants are looking at sharing property with other tenants in order to counter increasing living costs and ensure that the rent is paid, however, Rent Guarantee Insurance is a better idea.

Research by house-share website Spareroom.co.uk found that for single tenants, renting property by themselves is not really an affordable option, so many tenants are turning to flat or house sharing in a bid to save cash.

The website recently surveyed its users and discovered that 51% had returned to flat and house sharing after previously renting property in the UK PRS alone or with a partner.

Spareroom tell would-be tenants that huge financial savings can be made by renting a room in a shared rental property, rather than renting the whole property.

The average cost of renting a one-bedroom flat in the majority of the UK, is £12,669 (GBP) per year (including bills), while the cost of renting a room in a shared rental property is just £6,079 (GBP) with bills included, a saving of £6,590 (GBP) per year.

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Peter Singh speaking at The PPSC in February this year

Peter Singh speaking at The PPSC in February this year

Multi-Let Success Strategy with Peter Singh

A House of Multiple Occupation (HMO) or Multi-Let is a particular type of property which is available from Estate Agents and Landlords.

A HMO is an exceptionally high cashflowing investment property!

The property is leased on a single let at a fixed monthly rental price, and then the rooms of the multi-let property are rented out individually to professional tenants.

Property investors can build a huge portfolio of these types of property by buying at discount and / or adding value by refurbishment, then refinancing the investment and replicating the process, time and time again.

There is a hitch with this type of property investment strategy though…

  • It can take a lot of money
  • It can take a lot of time
  • It is not readily scalable
  • Investors are at the mercy of the banks for money

Imagine if you could control an unlimited number of these super-cash flowing multi-let properties with no mortgage, no deposit and no credit checks…

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Multi-Let Success Strategy with Peter SinghMulti-Let Success Coach
Reveals Success Strategy

Last week, I spent a couple of days talking with Multi-Let Success Strategy coach, Peter Singh who overcame tremendous obstacles in his personal life to achieve real success in property investment and become a real life inspiration for many property investors by using a unique Multi-Let Success Strategy to bring in almost £8,000 (GBP) per month (pcm).

Peter is a genuinely nice guy and his story is fascinating and compelling, there were stages in his life when he was a gambler who faced death threats for not winning money for other people and this affected the financial well being of his entire family in the process, resulting in death becoming a very realistic thought for him.

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Get Unstuck From Your Property Rut....

Get Unstuck From Your Property Rut and subscribe to YPN

Subscribe now and get August’s edition of
Your Property Network magazine FREE
PLUS the YPN Action pack…
 

Stuck? – Your Property Network Magazine can get you moving… 

  • What’s holding your property business back? This month’s Your Property Network has a focus on progressing your property business when the going gets tough. 
  • Property Investor stories – How three YPN readers were able to breakdown their property barriers to create life changing deals. Learn from their experiences 
  • Whether you’re short on time, cash or fresh out of ideas, this month’s YPN magazine shares profile projects showing how to overcome your property obstacles. 

Also in the August Issue of Your Property Network magazine: 

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There Will Never Be A Better Time To Invest In Property

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