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The Financial Freeman PodcastAuthor: Gary Freeman
Join Gary and Roni Freeman as they discuss financial freedom and how to achieve it Language: en Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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How much money can you make from an HMO?
Friday, 1 April, 2022
Here's the million dollar qu (if only this was the answer...) - how much money are we set to make from our latest 6 bed HMO? In the latest episode of the podcast we talk about gross revenue and run through the expenses. The biggest expense after the mortgage is management fees - we discuss whether they are worth it. We also discuss profit from capital growth as well as just rental income. In the current market conditions we think you should factor in capital growth. Perhaps not, at a rate of 10% a year, although it looks like we are on for that again this year (as predicted!) but a more prudent figure of say 3%.
