In this insightful episode, Steve and Alice delve into the intricacies of HMOs – a popular investment option in the property market. They shed light on the concept of HMOs, the potential for high returns, and the unique challenges associated with managing properties with multiple tenants. Additionally, they discuss why certain councils have restrictions or limitations on HMOs and how investors can navigate these regulations.
In this episode, we will explore:- Understanding HMOs: Exploring the definition and characteristics of House in Multiple Occupation properties.
- High Investment Opportunities: Discovering the potential for lucrative returns with HMO investments.
- Risks and Challenges: Discussing the risks involved with managing properties with multiple tenants and how to mitigate them.
- Council Regulations: Exploring why certain councils may impose restrictions or refuse planning permission for HMOs and how investors can adapt to these regulations.
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