Are HMO’s the way to go? - The Saj Hussain Show - Episode

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If you have a question you want answered put it in the comments section.
My question of the day for you is what are your thoughts on HMO’s as a strategy?
If you enjoyed this video please do subscribe so that you are notified of more videos just like this. Thank you for watching my name is Saj Hussain your partner for wealth creation through property.

[@tomdawson9736]

Thank you Saj. Packed with useful info. Refreshing to see a presenter who doesn't waste half an hour bragging about how wonderful they are, showing pictures of sunny yachts as their lifestyle, giving ten mins of useful content and then adfest for the rest of the video. You simply get on with it and THAT is what establishes your authority, you don't need to brag. I've been doing property for 14 years now and I still needed to take notes! Thank you.

[@HannahBee10]

I've discovered your channel as few hours ago and I'm so happy I did. I'm brand new to property and currently learning as much as I can! You're providing so much value in your videos, thank youu 😊

[@TheSajHussain]

Thank you Hannah. Hopefully there are lots of videos here on this channel to help you.

[@Sherry78]

I've watches tons of video on property and I find yours to be the most informative by far, so THANK YOU 😊

[@TheSajHussain]

Thank you for your kind words

[@gosskamperis2016]

I've been running a couple of large HMOs for many years. Notwithstanding the fact that some of the licencing requirements changed on 31 October 2018, your presentations were worth watching. "One" never knows it all !!!

[@andye4829]

Another great video Saj. Great detail. Thanks for the info.

[@gsproperty7245]

Really good video thanks Saj helpful to understanding hmo set up

[@maygandt]

Very useful content. Ive been looking for an area where the property price is still low for my small deposit but those areas are where people tell me they would avoid going like Oldham, Barnsley, Bradford :/ Im from the southeast by the way so i dont know the areas up north well.

[@joannesmith7012]

Straight forward, digestible information.

[@TheSajHussain]

Thanks Joanne. As long as people are finding them useful, I'll keep making more videos. What question would you like answered in the next video?

[@lubnaasif585]

Excellent videos Saj ,remarkable speech delivery and information.

[@TheSajHussain]

Many thanks!

[@mrscf8865]

Great video!

[@emmasmith9236]

very good video Saj! really clear and concise explanations. Keep it up

[@jillmanning4693]

Wise advice, thank you Saj

[@TheSajHussain]

Thank you Jill

[@kodnzikus]

Great material. Thanks!

[@TheSajHussain]

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

[@MM-bf1zm]

very professional

[@amalnathan7884]

Hi Saj.. how do you manage HMO's furnitures/ electrical fixtures when contracts end, and property owners decide not to renew the contract.. Thanks 🙂

[@TheSajHussain]

These need to be built into your time lines. E.g. electrical contract to end at the same time as the lease. With furniture, if it is a shorter lease and it the furniture is still in good condition we move it to another property. If the the furniture is at the end of it's life we dispose of it.

[@syedshah6201]

Great informative video . Want to know how much it cost to get that kind of yield in Birmingham property cost and area thanks

[@TheSajHussain]

It's a big city and the yields vary massively from area to area. Some lower priced areas will give a better yield but lower capital growth.

[@Super240987]

Saj how does one value a property and prospective rental potential?

[@TheSajHussain]

Best way of do this is using comparables from the market. E.g. Rightmove and Zoopla

[@deeabanda9388]

What do you think about serviced accomodations

[@TheSajHussain]

It can be a good opportunity. I'm just about to launch a block of 6

[@AbdulKalam-qh8ue]

@saj hussain. Is there any chance for mentoring? If so how can we go about this.

[@TheSajHussain]

Salaam Abdul, to learn more about me helping you do this for yourself and the mentoring programme go to www.sajhussain.com/let-me-mentor-you/

[@nemiwoghiren]

If I have a 4 bedroom flat in London, is it still worth converting it to an HMO when I could still get a reasonable rent letting it to one person/family

[@TheSajHussain]

You have to crunch the numbers to see what is more viable. The HMO will also require a lot more work.

[@nemiwoghiren]

@@TheSajHussain ok thanks - 4 bedroom looks better

[@nemiwoghiren]

ie not HMO

[@robertasrimkus6181]

Hi, just watched your video about fake mentors and what pulled my attention is timing of strategy. What is your opinion about HMOs? Is it still good time to do HMOs for god cash flow? Just asking because this video is made in 2017.

[@TheSajHussain]

I'm still doing HMO's and we continue to grow in this area. However it does depend on your geographic location, tenant category and location changes that may be happening. If you would like a chat about it let me know. www.sajhussain.com/contact-us/ or 0121 405 1000

[@155jeff]

aytch