To help you start making positive changes to your HMO property business, I collaborated with good friend and fellow HMO property investor, Jade Bailey of @____beespace to bring you twenty simple HMO hacks you can action today.
Like me, Jade is a passionate property investor and developer, but whilst my expertise surrounds how to start, systemise and scale your HMO portfolio or business, Jade has some amazing skills and experience in applying effective branding and design to HMO spaces and businesses to create incredibly powerful results.
The HMO Hacks Guide contains 20 useful tips to help you build a successful HMO portfolio. Jade and I offer 10 unique hacks each — Jade’s will get you started on the refurbishment and design side of things, while I will share some of my most valued tips and shortcuts that will help save you more time and money!
Here’s what to expect in the HMO Hacks Guide:
Hacks from BEESPACE
● Colour is key, so keep it simple!
● It’s all about communal space!
● Simplicity where needed!
● Utilise trade relationships!
● Get organised, be prepared!
● Clear communication!
● Creative doors, for cheap!
● Think curb appeal!
● Invest in the details!
● Dealing with overwhelm!
From designing to planning, Jade’s 10 hacks will ensure your property will have an impact. She believes that everything has to start from the curb, so you’ll learn how to attract customers with a good impression. Jade also specifies the things you should focus on to make the design of your space stand out, even if you’re running on a tight budget.
There is a lot that goes into designing and refurbishing a property so Jade outlines the things you should prioritise. Preparation and organisation are the keys to success, and you’ll find out in this e-book what kind of things you should be ready for.
Jade also has practical tips like how to deal with builders and how to get good deals on the items you need for your property.
If you’re feeling a bit lost on how to start fixing your property up into something amazing, Jade’s hacks will be a lifesaver.
Hacks from The HMO Roadmap
● Know the rules & understand your responsibilities!
● Know your numbers!
● Focus!
● Success doesn’t come overnight!
● Structure is a pillar of success!
● Don’t be too hard on yourself!
● Systemisation & optimisation are essential to grow!
● Work on your business, not in it!
● Plan, plan, plan!
● Carve out quiet time each day!
It all starts with what you need to do, what you can do, and what you can’t do as an HMO property investor. Once you know your rules and your responsibilities, only then can you start building your business.
My 10 hacks will touch upon the essentials. From the nitty-gritty details like creating systems for every part of the business to the shortcuts you can take that still get you the results you want! My hacks will help you get through everything you need to do and it will also serve as a guide when something doesn’t go the right way!
There are a lot of moving parts in an HMO business, and it’s your job to keep them together. My hacks are just the beginning, but it will position you to be more capable when it comes to managing a HMO property business.
There is a copy of The HMO Hacks Guide waiting for you to download inside The HMO Roadmap now! For more guides and tips, you can check out the other resources inside The HMO Roadmap.
About the Author:
Andy Graham is the founder and the lead trainer at The HMO Roadmap! He is also the co-founder of The HMO Mastermind and Smart Property, a specialist HMO property investment and management company. He writes as a regular columnist in different magazines about a variety of HMO topics and the host of The HMO Podcast! Follow Andy on Instagram!