Richard Nicholls From The Property Advantage On Commercial Valuations, What Makes a Good HMO & What's Next For HMOs
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What makes a good HMO?
In this episode, I’m joined by Richard Nicholls of The Property Advantage. Richard has worked in property sales since he was 18 and has a unique oversight of the HMO property market because they specialise in selling HMOs. He spends a lot of his time up and down the country and in and out of HMOs giving him a good idea of what's going on all over the UK.
So in this insightful conversation, we discussed:
- The variables involved in valuing properties and down valuations
- The types of HMO buyers
- What makes a HMO good or bad
- The importance of understanding your portfolio
- Managing expectations when investing in HMOs
- The problem with overleveraging
- His thoughts on the future of the HMO market
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