071 | Rent to Rent - Doing it RIGHT (NOW) ;)

071 |  Rent to Rent - Doing it RIGHT (NOW) ;) RESOURCE LINK Join us The HMO Experience Property Clubroom on Clubhouse every Monday at 1pm (https://www.joinclubhouse.com/ Download the 11 Steps to Running your successful HMO Property Business and other FREE RESOURCES (http://www.thehmoexperience.co.uk/resources-page) Sign up for weekly hacks and tips for starting and scaling your HMO Property Business (https://www.thehmoexperience.co.uk/subscribe) Buy Jamie’s new book, “The HMO Blueprint” on Amazon TODAY! (https://www.amazon.co.uk/dp/1838538089?ref=myi_title_dp) IN THIS EPISODE Your hosts Matt Harris, Jamie Madill and Steve Mitchell discuss the key factors to be aware of when starting or continuing on your rent to rent journey in today’s market. If you’re looking for some vital guidance with your rent to rent journey to help you navigate through 2021 into 2022, this is definitely the episode of The HMO Experience Property Podcast that you need to listen to! EPISODE HIGHLIGHTS Introduction  [00:00 - 03:40] Changing Requirements In Shared Accommodation [03:40 - 11:09] Watch Out Watch Out Inflations About! [11:09 - 20:48] Has the Market Changed? [20:48 - 28:15] The Final Word [28:15 - 32:22] KEY TAKEAWAYS The UK has seen a rise in demand for shared accommodation. Recent surveys from One Shared House & Crisis indicate higher quality accommodation is needed and that sharing is the only viable option for most young people. Ensuring your product and service is the best it can be to remain competitive Keep an eye on costs. With customers staying longer in the rooms the ability to review rents when recycling a room reduces. If you’re reviewing rents as part of an annual review then ensure that you follow the prescribed process as set out in your AST. If you enjoyed this episode of The HMO Experience Property Podcast, PLEASE don’t forget to subscribe & share this podcast! Make sure you rate & review the podcast HERE - thank you :) CONNECT WITH THE HMO EXPERIENCE Subscribe on YouTube - https://www.youtube.com/channel/UCnFoaXd-do8eTxZniWrcKhA/featured Follow Us on Facebook - https://www.facebook.com/thehmoexperiencepropertypodcast Join our Facebook Community - https://www.facebook.com/groups/ThePropertyandHMOForum/ CONNECT WITH THE HOSTS Matt Harris - https://linktr.ee/iammattharris Jamie Madill - https://www.facebook.com/jamiemadillproperty/ Steve Mitchell - https://www.facebook.com/vivocolettings