070 | Give Me BACK My House!

RESOURCE LINK

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IN THIS EPISODE

Your hosts Matt Harris, Jamie Madill and Steve Mitchell discuss the end of the road - the day you have to hand back your rent to rent HMO property! The HMO Experience Property Podcast will give you a 360 view of all of the things you need to be aware of when it comes to bringing your rent to rent arrangement to an end so make sure you don’t miss it!

EPISODE HIGHLIGHTS

Introduction [00:00 - 03:30]

Start With The End In Mind [03:30 - 09:00]

Is Your Contract Fit For Purpose? [09:00 - 22:50]

Case Study #1 [22:50 - 28:20]

Case Study #2 [28:20 - 34:00]

Case Study #3 [34:00 - 39:40]

Alternative Options To Exiting [39:40 - 51:00]

Acting With Integrity [51:00 - 54:50]

The Final Word [54:50 - 64:30]

KEY TAKEAWAYS

1. When it is evident that a property isn’t working you need to make some hard and fast decisions around whether you keep or return the property
2. Have clearly defined clauses in your contract as to what happens when either party wants to exit the relationship
3. Businesses go through periods of growth and retrenchment. Holding onto unprofitable houses is not a badge of honour. Profit is the only game in town.

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