The HMO market has changed significantly since the 2009 financial
crisis.
City centre, premium standard co-living buildings have started to
polarise the HMO market, tenants are placing an emphasis on cool,
vibrant looks and acquiring good quality, well located HMO properties
have become more difficult for investors.
The result is that we need to think radically different if we want to build and scale a successful HMO business in 2021 and beyond.
This expert guide will show you step by step what you need to make
your HMO business a huge success in 2021.
Hey, I'm Andy Graham, the founder and the lead trainer at The HMO Roadmap!
I've been investing in HMO properties for over a decade, and my story began in 2009! I qualified as a physio some time before this (but quickly realised it wasn't for me) and I worked hard and saved as much money as possible. As soon as I could afford to, I purchased and refurbish my first property (prices were a lot cheaper back then) which I converted into a five-bed student house. Of course, it wasn't long before I 'got the bug', and through my mid to late twenties, I did the same thing again and again until I eventually built a portfolio of HMO properties.
Fast forward to 2015 and I co-founded Smart Property, a specialist HMO property investment and management company. I started working with John Paul (you can see more about him below) and the business began to grow! In 2016 Smart Property was valued at £1.3m by Crowdcube after we successfully raised equity investment to feed our growth! We've since gone on to grow the business significantly and in 2019, we managed close to 100 HMO properties and have raised several million pounds of private investment.
When I was first starting, it was difficult to find the support I needed, and I found that building a HMO property business could be very challenging at times, but despite these challenges, I have remained committed to improving the standards of accommodation for young people in the UK.
I write as a regular columnist in different magazines about a variety of HMO topics, I co-founded The HMO Mastermind and I'm the host of The HMO Podcast! That's why in 2020 (with a big nudge from John Paul) I decided it was time to collate all my knowledge and experience and build a one-stop-shop for the HMO community!
Hi, I’m John Paul, or JP to my friends, and I’ve spent the last decade building a large and profitable sales and letting business that I now spend less than a few hours each month running. I've been working with Andy in the HMO industry for 5 years and I’d like to take the credit for all of his achievements too, but the truth is, I can only take credit for most of them...
Jokes aside, I’ve been in business since 2008, a crazy time to set up a property business I know! I quickly grew my agency business to 10 branches, 60 staff and over 2300 properties under management, and we sell over 400 properties a year as well. I'm an ARLA Propertymark board member, I'm a leading authority on Rent To Own and I've successfully built several other businesses including my training and consultancy business and my own property portfolio.
I've done pretty well at various award ceremonies and in 2014 we won the Sunday Times letting agency of the year which was a huge achievement for us. We've also won as the best agent in the North for 4 years running and for 4 years we were never out the top 3 for best Training and Development in the UK.
One of our greatest achievements was in 2013 when we gained investors in People GOLD accreditation. We were, and still are, the only agent to gain this on our very first attempt! Oh, and in 2015 I was given an outstanding contribution to lettings at the Sunday Times awards as well – something I’m especially proud of.
I've been a Non-Executive Director at Smart Property for four years and I've worked alongside Andy to build this into a substantial HMO property business, offering my support and experience in areas of business growth, strategy, systemisation and leadership! Andy and I make a great team, and that's why we've decided to bring our skills and experience together in The HMO Roadmap for you!
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