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  • HMO & Multi-Lets

    Difficulties of filling a spare room

    Help!  Obviously my ideal HMO tenant is one of those shiny, young ex-graduate professionals that you see smiling together over a BBQ in the adverts but gumtree & spareroom at the minute suggests its early 20s young factory workers with text speak replies.

    I have a house with 3 of the shiny types late 20s-early 30s, lovely & respectful but I have a vacancy looming & I need to fill a room...

    I am actually thinking about tenant mix, rather than anything else as I have another houseshare coming up in July that could take the 20 somethings. I do think it is more difficult to fill one room than start afresh with a new house. Should I keep my nerve & hold out or am I being too fussy?

    What are your experiences? Tips?

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    I've tried this route, thought I had someone then it fell through. Preferred method is friends of friends but hasnt worked out in this case unfortunately

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    In your experience have you ever just filled a room? Am I deliberating too much around whether they'd get on? I usually let the housemates have the final say but tbh they'd probably just say yes to everyone!

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    I find it very easy to fill rooms using SpareRoom.

    I've recently doubled my total void period from 1 day to 2 days in approx 170 room years.

    I keep the age below 40 who don't want to 'party' every night but I don't try to match people by interest or employed/student etc. It can be better to have a mix as the employed typically need to get into the bathroom early whilst the students get up later.

    I always give the current tenants the opportunity to be at the viewings but it is very rare that they want to be there.

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    I think I may be trying to meddle\engineer a bit too much tbh. There's 1 female & 2 male at the minute. I think I'm conscious of making sure my existing female tenant feels comfortable too

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    Thanks, needed that. I'm panicking as my 5 bed will be ready soon and just agreed what will be another 4 bed. I think I may be saturating my own market!

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    Why do you think you will be saturating your own market?

    You've said it, is it in gest or are you serious?

    If it's a gut instinct, I always find they're worth listening to.

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    No it is actually a bit of a gut feeling! I think its time to stop with the hmos. This will be 18 rooms in a small town

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    I think your gut instinct may be on to something there.

    I heard a couple of EA's in my locale saying that the values of the properties mean only investors are buying now - that's worrying, and my gut instinct has put me off buying in that area as who would I sell it to if I decided to bail out?

    So what's your gut instinct telling you about what you should do now?

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