HMOPP #30: Sue Sims, 5 Years, 70 HMOs and 600 Tenants 🎤

HMO Interview with Sue Sims. From HR to HMO Investor.

Sue has been investing in HMOs for some 5 years now, she’s been involved with 70 HMO projects, currently housing 600 tenants herself.

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Resources Mentioned

House Arrest –

Rick Gannon

Show Notes

Life Before HMO Property
[01:31] Was working in recruitment for 22 years.
Entry to HMO Investing
[02:44] Started managing a letting agency then got HMO clients.
Holding Back From HMOs
[03:35] Nothing at all.
Summary of 1st HMO Deal
[04:14]  5-bedroom HMO (social house).
HMOs, Life-changing?
[07:25] Letting business has grown.
Favourite Part of HMO Property
[07:25] Having social houseing.
Current Portfolio
[09:11] Buy-to-Let properties (2-3 bedrooms houses and flats), social houses and HMOs.
Best HMO Investment & Why
[11:11] The first HMO project was the most challenging one.
HMO Mistake
[13:18] Let everything drift.
12 Month Portfolio Plans
[16:21] Making sure the current property business is working.
Outside of HMO Investing
[17:40] HMO management agency.
Advice for Current HMO Investors
[20:42] Keep on top of the market.
Advice to New HMO Investors
[21:36] Make sure you understand your numbers.