Listen to this episode below:
Here’s a sneak peek at what discussed this time:
Today I’m delighted to be joined by Roland Symonds, a full time HMO investor living and investing in South London. During the interview we get to explore how Roland has created 32 HMO rooms in a little over a year, his views on the three biggest objections we get about investing in HMOs in London – that it’s too expensive, that article 4 has made it impossible, and that there’s too much competition, and what he’s learned between his first house and his most recent one.
3:37 Sharing his back story, working in consultancy and then Investment Banking.
11:21 Leaving the Corporate World and what came next
13:42 Property as a new business makes more sense when it comes to raising finance, because there are assets vs just ideas.
18:17 A passion for property & design.
20:11 Picking a strategy suitable for London. A focus on income instead of just capital appreciation.
21:18 His First HMO – An 8 Bed in London. Why Roland jumped straight into such a large project.
25:20 Why London?
28:40 Planning & Article 4 – What does it mean for HMOs in London
35:55 A look at Roland’s portfolio so far. 32 Rooms = 4 x 8 Bed HMOs. His approach to planning.
40:46 Biggest Learning from the first project to now. En-suites!
47:00 Looking forward to what comes next.
51:12 Sharing advice for people wanting to get started
The Landlord Furniture Company have changed the game for us in the way we furnish our HMO’s, and they can for you too. Their high-quality furniture is made in the UK and built to outlast your tenants. Their bespoke designs, three-year warranties and amazing attitude make working with them an absolute breeze. To find out more visit them at www.landlordfurnitureco.co.uk or on Instagram at @landlordfurnitureco