HOW TO Convert a House into an HMO Property 

They also ring down property values of other houses in the area, depending on who the tenants are.

@@sheila-we7em have you ever witnessed a property valuation? the surveyor has no interest in who lives in the area.

Thanks mate! Look forward to coming back and seeing the end result

Thanks for watching mate, and glad you learnt something too. I always do 😂🤝

Cheers Jack, glad to hear they’re useful 🤝🔥

Thanks Ash 🤝

@@JustinWilkinsWhere is this HMO located? Thanks

​@@johnlong3276 Birkenhead, across the river from Liverpool. The community has been destroyed by HMOs.

Same! 😃

😂😂

Thanks Matt. From memory I think Oli and his partners have funded cash from proceeds of other properties they’ve sold recently.

mark: the landlords don't care cos they don't live there 🙄🙄

Think you’re talking to the wrong audience mark 😂

@@JustinWilkins thanks Justin you're right, I'll start a petition.

This guy is being negative all over your comments. Do you have something against refugees?

@@jordanhtiffirg1990 I certainly don't have anything against them - this guy in the comments appears to have his own opinion on refugees and landlords.

Yes thats a large percentage of the people that Serco help to house.

6.5sqm for a single person 10sqm for 2 people. Or if your HMO doesn't have a living room then 8.5sqm for a single person and 12sqm for a couple

Haha thanks Greg! Appreciate you watching and definitely noted that feedback. I find myself disliking louder music in cafes and restaurants, so would hate people to feel that way about my videos 😂 we’ll make some changes for the future! 🤝

Personally BTLs as it’s what I know, but I’ve got a lot of friends and contacts that have done well from HMOs and earn good cashflow. Guess it depends how involved you want to be? 😃

@@JustinWilkins invest & forget really

why would it be difficult to sell?

Thanks for the feedback Mark, and I am always interested to hear other peoples views on property investing. Unfortunately I don't think property investors can be criticised for wanting to create a better financial future for themself or their families. It is my belief that people should focus on what they can control in life - those unhappy with their personal circumstances should put more focus into changing and controlling that, instead of seeking to shame other people for making sensible investment decisions.

@@JustinWilkins I'm not trying to shame anyone & I'm happy with my personal circumstances thanks very much. The question was do you not believe HMOs help to destroy the fabric of local communities? Do you believe they should be banned or at the very least extremely well regulated & managed? Do you believe the government needs to majorly invest in social housing again so people do not have to pay over & above the mortgages of others? Not trying to start an argument these are genuine questions.

@@markfeely4215 yes, I agree with you Mark ... note Justin did not actually answer the question posed. However, I do believe Justin himself only does family lets - which I believe are better for the community and environment. Six people living in one house creates an awful lot of refuse, and parking problems if they have vehicles ... 🙄🙄

I don't think it is bad it should be regulated yes but it also helps a lot of people especially in a crisis if I didn't have family to live with and a good salary I would 100% live in an HMO to save up for a deposit. I think people complain too much in this country instead of just finding a solution to their problems

I'm in the North East and up until a few years ago alot of HMOs were really poor quality round here, often to many on one street along with conversations to flats, really nice victorian properties just abused. However alot of investors have taken them over and renovated to a really good standard with en-suites etc and I know people who have left rented house to move in them and love it. Easy life for them, no bills to worry about and only a month tie in. I think these better quality HMOs do serve a good purpose and can benefit an area.