HMO Interview with Claudine Robertson-Smith. From Recruiter to HMO Investor.
Claudine has been investing in HMOs for some 2 years now, she’s been involved with 5 HMO projects, currently housing 26 tenants herself.
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Feel the Fear – Susan Jeffers
Life Before HMO Property
[01:29] Was working in recruitment for 12 years.
Entry to HMO Investing
[04:33] Ater three single lets got a desire to step up the income.
Holding Back From HMOs
[05:53] Was scared of regulations and licensing.
Summary of 1st HMO Deal
[08:03] Beautiful 4-bed corner house converted into 5-bed HMO.
[12:51] Got the opportunity to move to another country.
Favourite Part of HMO Property
[14:22] Finding deals.
[16:50] Got 15 properties, 10 of them are under refurbishment.
[21:54] Not having a project manager in place.
12 Month Portfolio Plans
[24:19] Finish the refurbishment of 10 HMO projects.
Outside of HMO Investing
[25:05] Manages an estate business.
Advice for Current HMO Investors
[26:21] Get the right team in place.
Advice to New HMO Investors
[27:20] Don’t be afraid