No one wants to live in shared houses or HMOs after coronavirus!
Welcome aboard episode 39 of the Rent to Rent Success Podcast.
Today we’re talking about HMOs and coronavirus.
Is it true that no one wants to live in shared houses or HMOs after coronavirus.
Is it the end of the road for rent to rent and HMOs?
If you’re just joining us for the first time.
Do go back to episode 1 as the episodes do build on each other to give you the full view of rent to rent success.
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Here’s what Tsen said:
“A huge thank you and well done to Stephanie and Nicky for creating this podcast to help share real life learning and experiences from the rent to rent front line. They are so passionate and it’s exciting to see this grow.”
Tsen thank you.
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Let’s dive in…
No one wants to live in shared houses or HMOs after coronavirus. Rent to rent is dead.
This one seems like common sense.
Now that many more people have the option to work from home, it seems obvious that fewer would want to live in HMOs.
And after the lockdowns, it seems natural to assume people won’t want to share.
But it isn’t true, because people do still continue to live in HMOs and continue to choose to move into HMOs.
Why?
Most of our housemates could easily afford a one-bed flat or studio.
They tell us they choose to share for these reasons.
To meet people
Often people are moving to a new city for work and don’t know anyone and actually prefer to live with other likeminded people rather than live alone.
For affordability
Often people are saving to buy their own home and love the affordability of HMOs because they can save more each month.
For convenience
It’s the ease of moving in and having everything set up already, furniture, all bills included and fast service if anything goes wrong.
For flexibility
Many people move around the country with their roles. And it makes it easy for them to just commit for 6 months.
The demand has grown rather than diminished.
There is growing demand for beautiful, affordable shared homes.
Make sure you set things up in a way you can take advantage of that.
In next week’s episode, I’ll talk about what happens to house sharing in recessions.
If you’d like to find out more about rent to rent and see if it’s right for you sign up for our Free Rent 2 Rent Success Guide and Masterclass. It’s at rent2rentbook.com/guide.
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Until next time, have a great rest of the week.
And remember,
Believe Bigger, Be Bolder and Be a Gamechanger!
See you soon!
Stephanie & Nicky
xx
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