The HMO Property Co | Businesses
The HMO Property Co
Phone: +61 425 489 649
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25.01.2022 Perth Market update from reiwa.com showing the Peeth market as stable!
24.01.2022 Double storey single bedroom dwelling floor plan for our Palmyra project. Similar size to an apartment but with land content #thehmopropertyco #realestate #property #development #developer #palmyra
24.01.2022 Wanting to invest in Perth and get positive cashflow? In this video I will show you how we do it for ourselves and our clients and get 10 - 15% gross returns and $25k-$30k cashflow per annum
23.01.2022 Quick tour of our latest HMO upgrade going from a 6 bed 2 bath with an awkward layout to a 5 bed 4 bath and $1040 a week rental income
21.01.2022 This property sat on the market for 6 weeks with no interest. We took the property and did a HMO conversion in 3 weeks and our client now receives an additional $31,980 of rental income per year.
21.01.2022 By the end of next week we will have 189 rooms under management That is 189 people safety that we have to consider during these crazy times! We managed to source a bulk supply of disinfectant and then had to go to @bunnings to purchase 106 spray bottles so we can provide each house with a bottle for the kitchen and a bottle for the shared bathrooms!... Its going to be good fun filling these up #bunnings #covid_19 #covid #thehmopropertyco #realestate #investor #propertydeveloper #cashflow #hmo #safetyfirst
21.01.2022 If you are interested in the HMO strategy, here are some cost considerations to think about. Hope this helps, if you want more info, send me a DM
20.01.2022 What an amazing team and what a great celebration to end the year. We are all taking some time off now to recharge the batteries and will back in 2021 We end the year with 247 rooms under management and another 72 confirmed rooms that are pencilled in for next year! ... Wishing you all very merry Christmas and a happy and healthy new year.
20.01.2022 Here's another before and after on one of our HMO renovation's! The HMO looks amazing, again beautifully styled fully-furnished rooms ready to move straight in. What do you think?
19.01.2022 reiwa.com president Damian Collins indicates the Perth market is seeing more demand than supply and very little signs that COVID has impacted the property market at all https://view.publitas.com//20200518_residential-lis/page/1
19.01.2022 I posted this image in October last year and the house still has all rooms filled and receives $975 per week in rental income
18.01.2022 This 4 x 2 house, 25kms from the city was rented out for $480 per week. We did a HMO conversion on the house to a 6 x 4 and it now rents out for $1,260 per week. Check it out!
18.01.2022 https://www.theage.com.au//new-home-boost-50k-to-home-buil
17.01.2022 We find that the HMO room's which tend to fill the fastest are those which have - Kitchenettes - Ensuite's - Low maintenance backyards - Plenty of storage... Our property management group offers beautiful, fully furnished rooms which include: Professional cleaning: Fortnightly or monthly, our team cleans all shared spaces. All bills: Electricity, gas, water - that’s all included. Free Wifi: All of our homes have unlimited wifi. Modern rooms: Digital locks and high quality, shared spaces to relax, chill out and mingle with like-minded people. Professional management: No live-in landlords, all homes are looked after by professional property managers. See more
17.01.2022 A major milestone reached at The Verve - Palmyra. All slabs poured brickwork you commence in a week once the slabs have cured! #propertydevelopment #propertydeveloper #thehmopropertyco #construction #investor #realestate #property #perth #milestone @ Palmyra
17.01.2022 Quick run through of the latest HMO conversion before the furniture is installed this weekend. Hope it helps with some ideas #thehmopropertyco #cashflow #investmentproperty #realestate
16.01.2022 - What is a HMO and the Pro's and Con's of owning one - HMO Rooms and Market update - Residential tenancy act reform - Section 8 Boarders and Lodgers... Q&A - Ask us anything HMO
16.01.2022 In this video I go through how to work out what the gross rental yield on a property is which really tells you how well your asset is working for you. Hope it helps!
15.01.2022 Buyer’s Agents (also known as ‘buyer’s advocates’) are licensed professionals that specialise in searching, evaluating and negotiating the purchase of property on behalf of the buyer. JNG Property Group’s Buyers Agent will search out properties that have HMO potential which will deliver a high rental yield and ongoing monthly cash-flow. We pride ourselves on our ability to bring you properties that fit perfectly with your investment criteria. Our buyer’s agent has access to a... wider range of properties than you would ordinarily be exposed to. We utilise our property network and specialised tools to connect you with focused opportunities, often before they are advertised to others in the market. Want to know more, drop us an email [email protected]
15.01.2022 Westpac's economic team are predicting a 18% growth in Perth between now and 2023! Why not mix that growth with a bit of cashflow at the same time and get 10-20% net return on your money too? If you need any help sourcing, renovating and converting investment properties in to cashflow positive HMO's then reach out to me and my team anytime for help.... https://www.westpac.com.au//house-prices-in-for-15pc-surge/
15.01.2022 We want to deliver some regular updates around investing in HMO's and the HMO market in general. We are considering a 30-45 minute facebook live once every 2 weeks to give you an update on how everything is going in the world of HMO's. Who would be tune in if we pushed a live out to the Facebook community at 7pm Perth time on a Tuesday, Wednesday or Thursday?
15.01.2022 Floor plans have arrived from @hausfloorplans and they look amazing!
15.01.2022 Solid progress down at Palmyra with brickwork almost complete and roof begins next week. We also have a house under offer the government stimulus packages doing exactly what it says on the tin #thehmopropertyco #property #realestate #development #propertydevelopment #theverve @ The Verve - Palmyra
14.01.2022 14% gross return on our latest HMO which is 45km south of Perth city! Not yet advertised and we have already an application on one of the rooms for $215 per week
14.01.2022 We had to get Charlie some socks because it sounds like Michael Flatley is in the office with his claws tapping on the new flooring. I dont think hes too happy about about the situation #thehmopropertyco #officedogsofinstagram #newsocks
13.01.2022 Parking is a common question we get asked about a lot. Owners initially tend to worry that it will be a bigger issue than what it ever has been. Most homes generally come with a double garage and we provide the option to rent each space out for $10 per bay per week. However, we find that the majority of tenants dont have cars and use public transport. Driving by many suburbs across Perth, we've noticed the increased amount of cars at the front of houses with the majority of homes using their space for storage rather than their cars. In a HMO, we ensure that there is plenty of storage available so that the garage are used as an additional income for the owner
13.01.2022 Podcasting in Australia is one of the fastest-growing media channels. With over a quarter of all Aussies now regularly listening to podcasts, the audiences have exploded and will continue to grow. Here's a behind the scenes look into a shoot we did earlier today with The West. I chatted with this group of aspiring entrepreneurs about podcasts that keep them motivated and inspired - including my Perth Entrepreneurs Podcast https://www.facebook.com/perthentrepreneurspodcast
13.01.2022 Sales increased 8% this week in Perth!
13.01.2022 Still waiting for the market to move? ANZ bank are predicting 12% growth next year! We are seeing it on the ground at home opens with 10 or more people at home opens becoming the norm.... The rental vacancy rate is the lowest it has been in over 40 years which should also drive price growth. It is a great time to be investing in Perth! If you need help looking for a investment property in the Perth market The HMO Property Co would be more than happy to help you You can tap into our knowledge of the Perth market, network of agents that bring us deals before they hit the market and our HMO vision that turns a normal investment property into a cashflow positive Investment producing $15,000 to $20,000 per year cashflow! Send me a message for more info
12.01.2022 On average to completely fill a property, it generally takes anywhere from 4 to 6 weeks. The fastest we have filled a HMO property was 6 days - and that was for a 5 bedroom home! The longest we have experienced so far is 11 weeks. However, 4 of the 5 rooms were filled during those 11 weeks so the investor was still receiving more income than a standard rental with 1 room vacant!
10.01.2022 One of our personal projects is nearly finished and this week we sold 2x houses in 2x days
10.01.2022 11% Gross rental yield! We took this 4 x 2 and converted to a 5 x 3 in a suburb East of Perth. The owner now receives an additional $28k rental income per year.
10.01.2022 This property sat vacant as a normal rental for 6 weeks with the rent at $450 per week. We completed our HMO upgrade for $39K with a 4 week turnaround and rented all rooms out within 18 days for $1,015 per week! We - Converted from a 4 bed 2 bath into a 5 bed 4 bath... - Removed the bath to install a toilet in the bathroom - Converted the W/C into a ensuite for one of the bedrrom. - Laid new vinyl plank flooring - Repainted the house to give it a fresh modern feel
09.01.2022 A HMO is a house in multiple occupation and it is achieved by using an everyday standard residential property and updating the floor plan to its full potential. By renting the house out room by room we are achieving rental yields of between 8% & 14%. Whether you are looking at converting your negatively geared property into a positive cashflow asset, developing a block of land or building new for maximum returns; our complete service enables you to sit back, relax and watch your money work harder than it ever has done before. Want to know more, drop us an email [email protected]
08.01.2022 Only a days in to the conversion and lots happening already! Check it out If you have any questions let me know
08.01.2022 Check out our latest HMO, it’s a cracker! It’s expected to be finished this week with a rental income of $1k+ per week Comment below and let me know what you think
08.01.2022 5 top tips for a successful HMO!
07.01.2022 Even in the middle of a pandemic people still need a place to call home! This little 3 bed 3 bath conversion will take the rent from $390 per week to around $750 per week and provide some much needed affordable accommodation for the people of Perth! If you have any questions leave me a message below and I will get back to you ASAP... Have a great day
06.01.2022 Have you ever been locked out of your house? It happens too often! Key codes have made our lives much easier and for not too much extra cost. In order for a HMO to be compliant with insurance, we must have the front door fitted with a specific handle (Always free exit handle). The cost of this compared to a key code handle is only an extra $30, but its money well spent.... Key codes: - Saves the hassle of getting new keys cut - You can change the code each time a new tenant arrives - Its easier for the Property Managers who always have access to login and check the number - Its easier when sending people in to do maintenance rather than having to get them keys
06.01.2022 Have you ever wondered how or even why you would #invest in a HMO? I was recently on the Creative Home Design Podcast with YOVI to discuss why HMO's are in such #high #demand right now both for #investors and tenants. You can check the podcast out here https://podcasts.apple.com//creative-home-de/id1516236471
05.01.2022 Check out our latest HMO, its a cracker! Its expected to be finished this week with a rental income of $1k+ per week Comment below and let me know what you think
05.01.2022 Perth's Rental Market Vacancy rate has dropped to 1.6% Total amount of available properties to rent: 3362 Amount available this time last year : 6812... 50% less available properties to rent than the same time last year means that rental prices will soon start to increase as supply dries up and the demand increases which in turn should bring more investors back into the Perth market! If you are considering investing and you want to create cashflow from your next investment then send me a message to see how I can help you
03.01.2022 Day 1 of a 4 bedroom 2 bathroom conversion to a 5 bedroom 3 bathroom HMO. If you have any tips on how to get rid of pet urine smells please comment below
03.01.2022 Finally we have received the build permit for the Palmyra Project. This has been a long journey with heaps of takeaway learnings. Site is now being prepped ready for slab pour on Tuesday!! #thehmopropertyco #propertydevelopment #realestate #construction #development #progress
02.01.2022 Since posting this photo in May last year, the income on this property is now $995 per week. Thats over $50k per year in rental income from the initial $12k investment! The HMO strategy works. Want to know more, drop us an email... [email protected] See more
02.01.2022 The same principles apply as a standard rental - Close to public transport - Shopping centres - Bus routes - Major infrastructure ... - High owner occupier rates in a suburb - Low or no social housing in a suburb See more
02.01.2022 Bricks on site ready for some serious brick laying action
01.01.2022 One of my mentors taught me a great lesson. He said to invest in assets that go up in value and/or create cashflow (property ) and use the cashflow from the asset to pay for liabilities that go down in value (cars ) Whilst I dont own this property I do have a 5 year headlease on it which I rent out room by room and I use the cashflow from it to pay for the lease on my new car Setup costs $14,000... Cashflow per annum $17,000 Lease payment on car $12,000 I get my initial capital outlay back in 3 years whilst paying for the car #thehmopropertyco #cashflow #invest #investinyourself #investment #realestateinvestor @ Perth, Western Australia
01.01.2022 Take a look at the work in progress on these! Let me know what you think
01.01.2022 Another house settled through our buyers agency! We collected the keys today . It’s currently a 4 bed 2 bath and will be converted to a 5 bed 3 bath. We’re looking at a gross yield of 12% More updates in the weeks ahead
01.01.2022 Have you ever felt confused by all of the misinformation around property investment? For too long we have been taught that negative gearing is how to make money in property. Unfortunately, in Perth over the last 5 years house prices have declined and negative gearing no longer works. If your looking for a way to turn your property into a positive cash-flow resource then youre in the right place. ... Over the last 2 years we have converted over 45 properties into HMOs and we are obsessed with achieving results for our clients upwards of 10% yields and $20,000 per year from one property. We started our business because we wanted the properties, we own to create cash-flow for us. HMO is the solution for an ever-increasing urban population and meeting the demand for affordable accommodation. Now is the time to future proof your portfolio and reap the benefits of positive cash-flow. Source: https://reiwa.com.au/the-wa-market/perth-metro/
01.01.2022 Our office is coming together nicely thanks to my wonderful wife! One team, one dream!
