All Posts by Matthew Moody

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About the Author

Matthew founded Your HMO Expert in 2006 and since then have provided the authoritative place on the web to come to find out how HMO Property Investment works and how you can get started.

Mar 17

New HMO Expert podcast now out

By Matthew Moody | Property Investing

This is a great little podcast I recorded in December which somehow got lost on my hard-drive.

Ignoring the finance section (well at least the lenders who were still lending at the time) the rest of the podcast is still bang up-to-date and you can use all the other tactics here today.

I cover:

  • finance
  • rent-to-rent options
  • updates to HMO regulations
  • why accredition is good for you

Hope you enjoy – leave me a comment please 🙂

[audio:http://yourhmoexpert.com/wp-audio/Your%20HMO%20Expert%20Podcast%20121008.mp3]
Mar 17

“Not in my back yard” property investing

By Matthew Moody | Property Investing

There comes a time when people need to stand and be counted, yet often a lot of what seems to come across from the media is talk about how the vunerable in society are being used and that we should all stand against the vultures of capitalism.

A case in point merits further explanation on a place dear to many seasides visitors, Southend.

Apparently developers are moving in on large victorian houses which front the sea, trying to buy them and then converting them into flats or worse still – multiple-occupancy homes. (I clearly say that tongue in cheek as this blog is all about HMO’s and more!).

An MP bemoans a company that leaflet drops targetting these areas (one elderly gentleman threw his in the bin), a local says – why don’t they refurbish the high street and the office blocks that have been left standing – lets have a moratorium on new-buildings.

Alas, I fear that none of these folks in their misguided attempts to do “the right thing” fully understands the meaning of “not in my back yard” and here is where it shall be explained.

Not in my back yard actually stands for:

  • No progress
  • Idiotic decisions based on emotion or money; not fact nor reason
  • Many cooks poking their noses in, getting paid and moving on
  • Bureacratic planning laws impeding progress
  • Yesterday’s property left to rot whilst tomorrow’s property is yet to be dreamt up – at the expense of today’s property being under lock and key.

Everywhere you see it – whether it be a new block of flats, a neighbours garage, a schook, a runway or even a wind-farm.  The people that extoll the “not in my back yard” mantra are the people that are impacting the rest of society – not the other way around.

Harsh words perhaps but lets face the facts.

  • councils approve planning applications based on their own “local” plan.  This is often put together by “professionals” and “amateurs” who have no overall strategic overview over what they are agreeing too.
  • the grants offered to turn empty derelict buildings into modern tenanted buildings are infrequent and often poor.  And even if you do get them, they often come with many onerous terms and conditions which hampers, rather than helps.
  • the focus on a quick buck is always the media angle on this but why would a development company enter into a development that lost them money?  That just wouldn’t be good business sense.
  • the British-way seems to be more and more to be jealous, suspicious or plan envious at anybody who is running a successful business.  Why is that?  If somebody has taken massive action, then all credit to them.

So, lets all look to the future and work together to figure out what needs to be done at a local and national level to turn this once great country of ours, back into the bastion of civilization and respect that it used to be. 

Rather than “opposition” groups, lets have “co-operation” groups; rather than “not in my back yard” groups, lets have “change for the better” groups.

Mar 13

Councils using illegal HMO’s – whatever next?

By Matthew Moody | HMOs

Disturbing reports today of a council in Scotland housing the homeless in “illegal” HMO’s.

Well, actually hang on a minute.  They aren’t illegal – they are just NOT licenced yet…

So, what happens to your HMO once you’ve put in for your licence?

Well according to UK HMO regulations (which may differ from Scottish law), as long as you are following the guidelines set down by the licencing authority and they haven’t condemned you (which can happen!), then you are fine to carry on operating.

So, whilst its a good story for the press; in reality, what choice does a council have in terms of meeting their obligations to house homeless people.

Read the shocking HMO story for more details but just ensure that you have your licence in – and I think that the onus is then on the council to process it.  I’ve been waiting nearly 2 years for one council to process my application 🙂

Mar 10

New – HMO Vlog Launches for UK Property Investors (Part 1)

By Matthew Moody | Property Investing

Launching today is the new Vlog from yourhmoexpert, Matthew Moody.

Featuring a weekly round-up of news, views and commentary on the UK property and HMO market, this weeks edition runs in at just under 22 minutes and features:

  • a discussion on the base rate cut and what this means for property investors
  • question and answer session on what to do when your tenants don’t pay the rent 🙂
  • the launch of Stanford Knight and what the hell this is all about
  • how you can make £500+ pcm per property easily – and how HMO’s can help you get there

So, mozy on down, get yourself a good cup of your favourite beverage and spend some time with me on the latest property news that every serious professional investor needs to be aware of.

REQUEST:

I’m after lots more questions to feature on my weekly Vlog so send them through to me. 

I’d also appreciate some feedback and commentary on the Vlog so get those comments down below or on utube (you don’t need to register anymore to comment so please lets start some good commentary going here).

Part 2 coming tomorrow – watch out for it!

Mar 10

“Do You Remember Property Investing in 2009, It Was Like The Gold Rush…”

By Matthew Moody | Property Investing

Do you want to be uttering these immortal words about property investing to your millionaire friends 10-20 years from now?

Do you want to be part of a select group of property investors and business people that can look back at these turbulent times with a smile on your face?

Do you want to belong to a community of professional business people who are all committed to being true property millionaires and helping the less fortunate as travel along our journey?

And by true property millionaires, I mean a property investor who owns a portfolio where the equity is one million pounds or more – not an investor who owes one million to the bank!

Well, stay tuned because 2009 will be the year when the smoke is cleared from the mirrors, the shade pulled from your eyes and property investing enters a new area.

For more information and to be part of the gold rush, I urge you to jump over to this site now and enter your details on the pre-qualification form www.stanfordknight.com

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