X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • Property-a-holics

    HMO in another city

    Hi all,

    I've been looking for a buy to let investment and cast the net further a field to see if there are any better deals than the city I live in. I brought my first property at the age of 24 which is a student HMO. I also have another buy to let which is rented to professional tenants. When buying in my city, i know which areas are good and bad, which is near a good school and/or in an area with big business near by.

    I've found a HMO which is 2 hours away from  where I live but how would I work out if it is in a good location and how much rental demand there is for a HMO?

    Also if you have property away from where you live, how do you deal with the property when it is empty and needs redecorating, new carpets, kitchen etc?

    Wity my 2 rental properties I've been lucky where for a few years I dont even step foot in the property and nothing  needs to be done and other years where I have a list of tradesmen and business which I can get in to do the necessary work asap. However, this list of people to use has taken a number of years to build up.

    0
    0

    The best way I’d suggest is closed door testing. Put an ad up on spareroom. See what demand you get.

    Alongside that google is your friend. You can get crime rates, population make up for postcodes etc.

    But you can’t beat local knowledge. Go for a day. Talk to people in coffee shops. Then go walk the streets.

    2
    0