Sep 30, 2024
Episode 222. HMO Investing in Ireland (part 2)
In this episode I delve into the intricacies of HMO (House in Multiple Occupation) investing in Ireland. With the definitions and differences between HMOs, pre-63 properties and bedsits. I highlight the regulatory landscape and potential risks involved.
The podcast covers strategies for maximising your ROI (return on investment) and this includes the importance of property presentation and amenities. I discuss legal and tax implications, particularly the differences between a lease and licence. Finally I explore financing options for HMO investors and future trends in the HMO market, emphasising the growing interest from larger firms.
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Takeaways
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HMO investing is gaining popularity in Ireland.
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Understanding the differences between HMOs, pre-63, and bedsits is crucial.
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Regulatory risks are a significant concern for HMO investors.
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Maximising returns involves enhancing property presentation and amenities.
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Legal structures like leases and licences have different implications for landlords.
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Financing options vary, with some lenders more favourable for HMOs.
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Future-proofing properties against potential regulations is wise.
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Building a sinking fund can help manage future expenses.
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Corporate rentals can provide stable income for landlords.
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The HMO market is attracting interest from larger firms.
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