5 biggest HMO mistakes in property investment | Vlog

[@AndyLowe-net]

The 'primary' location for students is not always just closest to their university campus. For example in Nottingham it's lenton which is half way between uni campus and town. You can live closer to campus, but there's not much going on

[@ianh9871]

Excellent video, little details like the Euro and digilocks on the doors everything well maintained and fresh. I'd add importance of easy to maintain gardens and ample kitchen units for sharers. Clear to see you've made a success of this mate.

[@TheSajHussain]

Thank you Ian

[@mjwmontgomery]

Thanks for sharing

[@TheSajHussain]

Thanks for watching!

[@hamzahbangyal6039]

Very informative video, nice to learn more on the different types of customers/tenants.

[@TheSajHussain]

Thank you for your support Hamzah.

[@sashaballa5418]

Just came across your channel last night and I'm loving your videos! I like that they are short and sweet. It's hard to find time to watch a 30 min plus video so yours are great. One thing I'd like to ask. Where do you purchase your furniture from for your low and high end properties?

[@TheSajHussain]

Hi Sasha, thank you for the support and it would be from local independent suppliers.

[@Neddie2k]

Importance of internet speed is underrated, internet is communication electricity.

[@TheSajHussain]

Completely agree.

[@Sam-vo7ti]

Great video

[@TheSajHussain]

Thank you!

[@Naeem-je7km]

Brilliant

[@TheSajHussain]

Thank you Hassan

[@bodymindgateway2902]

Nice one Saj!

[@anudhadutta9708]

great video. in Scotland, presence of midges! is important!

[@TheSajHussain]

I'm not sure what you mean.

[@delphiproductionsmusic]

Very useful and well explained!

[@TheSajHussain]

Glad it was helpful!

[@mantasmantulis1667]

Hi Saj , do you do hmo trainings , i aould like to start managing hmos in Birmingham

[@TheSajHussain]

Very soon Mantas

[@samarshi539]

Great video. Thanks Saj

[@TheSajHussain]

Glad you liked it Sam. If you are enjoying these videos, then please do share them with your friends.

[@FRESHLIVINGSPACE]

Is this in balsall heath, good knowledge of Birmingham, 😊

[@BeautyByChristina]

Fantastic video thank you so much for such an informative video 💯

[@TheSajHussain]

Glad you found it useful!

[@drdmano]

Super Saj 👍🏼

[@amalnathan7884]

Hi Saj.. thanks, Do you ask your tenants to pay deposit? How do you manage the bedding? Thank you again..

[@TheSajHussain]

Yes, we take deposits equivalent to 5 weeks rent (maximum permitted). We keep the bedding in storage.

[@saktisaliyeshuha5584]

How many bedroom house need hmo or don't need which type?

[@tennistron588]

Great info Saj, a video on planning and permissions for the various different scenarios would be awesome!

[@TheSajHussain]

Thanks Shahed. I'll look into doing a video on this.

[@farxiyoxasan3024]

What mistakes people make and could I make as well to avoid

[@farxiyoxasan3024]

What is the planning?and why do I need a planning because I’m not building anything in the house am I

[@TheSajHussain]

Planning could be required for change of use without the need to build anything.

[@aayaanahmed9478]

Saj this was a great video, watched it all while doing my gym session 💪

[@TheSajHussain]

Thank you, If you haven’t already, then do subscribe to the channel and enable the notification bell so you don’t miss any of the videos as they are released.

[@boakyeoseigodfredbog1049]

Thanks

[@ValueInvestingShow]

Great video!

[@TheSajHussain]

Thanks Ahmed

[@sahab999]

Hello Saj, if I start a property rental business dealing with HMOs and buy to let, would this be classified as trading or investment? How can you turn it into a trade if it is an investment type business?

[@TheSajHussain]

If you are just managing for a fee then it is not considered an investment business.

[@sahab999]

@@TheSajHussain thank you!

[@nasaspacemanwho6711]

Really enjoyed this. How do you Carter for different energy needs for each Tennant. Does each room have its own heating and utility bills?

[@TheSajHussain]

We pay all the bills and allocate an allowance to the tenants with a fair usage clause.

[@AnimalLoverAdeleSLAY]

How to obtain planning permision in article 4 direction?

[@TheSajHussain]

You will need to make an application for planning permission. You will need to be mindful of things like car parking, bikes storage, refuge management etc.

[@grimetip]

Hi Saj. Many thanks for video i wanted to know that to pass building regs and / or to satisfy a mortgage inspection, does a FENSA certificate need to be provided? I ask as many suppliers will not provide it unless they fit it, and many builders who are competent to fit the windows arent able to certify. What do you advise re this for HMOs / flat conversions etc

[@christinamappoura249]

Can a new purchaser take on HMO License from the previous ownership if it expires next year ? Can it be transferred as it’s still in existence?

[@TheSajHussain]

No, the license is issued to the owner.

[@samhith.s7308]

Hi HMO s are great business option, but how easy are they to sell and move on.

[@Sam-vo7ti]

With all your experience in property development which type of development or investment would you recommend to landlords or investors as the best option to get maximised financial potential from little financial input.

[@TheSajHussain]

If you are getting started in property, then these 2 videos will help you. kzbin.info/www/bejne/onWapapmmaxjY8U kzbin.info/www/bejne/opackoeHqMeCpdk

[@isaacpirisola6708]

Thank you very much - appreciate

[@TheSajHussain]

You are welcome!

[@sage6336]

saj can you do the internet noise again

[@TheSajHussain]

🤣🤣🤣

[@sage6336]

@@TheSajHussain Saj. On the serious side your films are incredible informative and educational , keep up the good work

[@Corinthianservices]

For Accurate Appraisal /Valuation of All New Future Rental Proposals you seek in Target Locations You Seek, is there any Appraisal Software you use please to quickly appraise new proposals to enable you to promptly submit offers direct to property owner/landlords? form of tenancy valuation considerations valuation approach assessment of gross income assessment of operating expenditure net income capitalisation benchmarking aggregate break-up value and cash flow analysis.

[@arbit3r]

Your analysis of blue collar and white collar is very outdated. I work in design and build (Construction) in London and make well over £60k a year but would be classified as blue collar. I'm not sure its a clear cut as job type and industry. Many friends of mine work white collar jobs in offices and earn around 30-40k. Most of my blue collar colleagues, plumbers, electricians etc on £2k upwards per week. Is an office worker on £25k a year considered white collar? What about a site manager on £80k a year?

[@samhillsmithify]

In America referring to somebody as a blue-collar worker, implies that they do manual labour.

[@danblake6470]

Do you run any HMO courses?

[@TheSajHussain]

I will be in the coming months. To stay informed visit www.sajhussain.com/2021-courses-get-notified-sign-up/

[@nadeem9791]

For those of us who don't have or want to start a management company Saj, do you have any advice on hints and tips on how best to over come management issues. I am guessing there aren't that many management companies out there who are proactive in ensuring an HMO remains fully let and correctly manage an HMO

[@sahab999]

Second question, if for example I run my property business and found myself a property that could be a potential HMO, how can I know if planning permission and licences will be successfully granted before making the purchase?

[@TheSajHussain]

These 2 videos will help you. kzbin.info/www/bejne/r6Ougqlsr893rLs kzbin.info/www/bejne/pJDNpIyXfph-oc0

[@sahab999]

@@TheSajHussain thank you so much dear 🙂

[@AdrianTanase-c2d]

Yes, please do a video about planning and licensing separately. Thank you, your.mentee Adrian

[@joshuasamson4145]

Hi Saj, how do you attract more/new investors to invest in HMOs?

[@TheSajHussain]

Hi Joshua, one thing to do is share with people info about HMO deals you have already done. A bit like what I do on KZbin here. I also have a video where I talk about finding investors in more detail. kzbin.info/www/bejne/i2ayYZuai6-bjrM

[@kalvinder21]

Is it not discrimination now if you limit which tenants you want ?

[@TheSajHussain]

Yes, we can appeal to a certain tenant demographic but not discriminate.

[@swamibrahmavadin5234]

Absolutely quality video, I would be so delighted if one day I could invite you out for a lunch and ask questions.

[@veerzarra3226]

Hi Saj, thank you for the video very helpful. Quick question, when you mention the £85 running cost per head, would that be per month? therefore, 6 person HMO = appox £500 running cost pcm? sorry if that was mentioned in the video, thank you

[@TheSajHussain]

Yes, correct. This video explains in more detail kzbin.info/www/bejne/m36rYZRsoLGnmbc

[@bilalhussain7678]

Hi Saj, really glad I came across your channel. I have been searching for this kind of insight for a while as I look to become a letting agent. I had a question for you; with your HMO's that have shared kitchens and an en-suite have you been required to pay council tax for each room on an individual bandingby the VOA? does sui genesis planning exclude you from banding each room individually?

[@TheSajHussain]

Salaam Bilal, no we have not. A certain criteria needs to be met before the property is rebanded by the VOA.

[@mohammedsuleman8786]

Yes I think a video for planning and legislation would be very effective. Also can the grandfather rights be transferred if you purchase a property in a article 4 area which has been/in use as a hmo

[@TheSajHussain]

Thank you Mohammed. I'm organising more videos. Yes, the planning uses belong to the property. So, change of ownership does not affect the planning use. You may still require a License which is issued to the individual and is not transferable.

[@mohammedsuleman8786]

@@TheSajHussain I'm assuming the license is granted based on payment and property requirements for a safe hmo and not dependent on the council's restrictions to HMOs.

[@TheSajHussain]

@@mohammedsuleman8786 License is assessed on you the applicant and the property. Hence, why it is not transferable. In an Article 4 area I would apply for planning first then the License.

[@Kashlaw10]

Hi Saj. Very useful videos. I've just invested in a 22 bed former care home with plans to covert to student accommodation. It's my first HMO as have several single let properties. Would be great to touch base and get some guidance. Appreciate you will be super busy so no problem if not possible. Regards Kash.

[@n.s.5278]

How did it go? Did you get planning permission?

[@Kashlaw10]

@@n.s.5278 yes thank you, planning got approved last month so on to next stage of building warrant and HMO licence.

[@love_fleurette]

Bad WiFi, damp, heating not working in the winter. HMO landlords ugh 🤦🏾‍♀️

[@TheSajHussain]

I guess like all industries you have good and bad. In property you get some great landlord and great tenants. You also get some awful landlords and awful tenants.

[@love_fleurette]

@@TheSajHussain I do agree that you should Know who you’re trying to cater to. Because most professionals wouldn’t want to live with uni students and vice-versa

[@TheSajHussain]

I completely agree

[@AnimalLoverAdeleSLAY]

Council ask proof that is not demand for single families.

[@TheSajHussain]

Ask this question on my Monday Live shows and I will give you more details Edgaras.

[@AnimalLoverAdeleSLAY]

@@TheSajHussain Thank you. Very appreciate your helpful advise.

[@TheSajHussain]

@@AnimalLoverAdeleSLAY You are most welcome

[@adilhameed3420]

Great info. I have a little over 100k and would like to invest. Let me know if you can help

[@TheSajHussain]

Thank you for your message Adil. There are 2 ways that I can help. Either, by showing you what I do so that you can do it for yourself or you can invest with me for a great return on investment and let me do all the hard work. To learn more about me helping you do this for yourself and the mentoring programme click www.sajhussain.com/let-me-mentor-you/ To learn more about investing with me click www.sajhussain.com/invest-with-saj/ Adil let me know which ones suits you best.

[@joshuasamson4145]

have you thought about investing in a HMO in Chester? I work with landlords and investors to help get a very good return on their investments

[@shunly3047]

Thanks 🙏 Saj Husein , I’ve just subscribed to your channel 👌👍🏼👍🏼🙏🙏

[@TheSajHussain]

Much appreciated Shun

[@rjvtechnologies]

parasite at his best, also its 4 people not 6

[@bajajmusic3825]

Great video really enjoyed it

[@TheSajHussain]

Glad you enjoyed it. Let me know what type of videos you would like to see on this channel.