What do Home Made Houses do?
We remove almost every headache a typical House of Multiple Occupancy (HMO) property investor has including voids, bills, maintenance, management, demand, finding a property, refurbishment, speaking with tenants and dealing with agents.
Which in turn provides an increased time freedom and a guaranteed predictable income for the HMO property investor. That’s right – HMO guaranteed rent. We manage to pull this off by partnering with charities, housing associations and councils who desperately need good quality housing for vulnerable tenants.
What are the benefits to working with Home Made Houses?
Guaranteed HMO rents
Meaning no chasing late payments or tenant evictions
Saving you £1000s viewing, negotiating and travelling to different locations
Over time we have built strong relationships saving you years of coffees, meetings and Skype calls
No HMO management
No empty rooms without a reason why and no slow time period to fill rooms with no reason why
No council tax
No risk of your HMO rooms being taxed individually as councils change their ruling
No empty rooms. You still get paid even if the room is empty meaning you have a predictable income and yield
Be a landlord who benefits financially whilst providing homes for the people who need it the most
Your annual profit is not wiped out with repairs
No HMO bills (even broadband)
You don’t need to worry about tenants leaving windows open with the heating on that leads to escalating energy costs
No HMO licence
Because you are supporting vulnerable tenants, the HMO standards are still required but no licence saves you thousands across the life of your property
- Have inherited money
- Can release money from a SASS
- Experience low occupancy in their private HMO’s
- Want to get a higher than inflation return
- Want a very low risk
- Are busy living life and in a career
Someone who wants to drive hours to view property, find their own deals, spend 6 months+ negotiation discounts, build relationships with estate agents, run marketing campaigns, take calls from leads, find letting agents, manage tenants, deal with voids and chase late payment of rent.
If you are a hands on property business owner, this isn’t for you.
|Typical buying costs||£2,000|
|Total capital required||£51,500|
|*Not required if buying with cash||**Includes project management fee|
|Typical high street bank|
(annual savings rate)
|Home Made Houses|
|Typical HMO in the North West||Typical HMO in the Midlands||Our guaranteed rent HMO|
|Expected gross rent||£18,060||£24,696||£14,376|
|Actual gross rent||£9,781||£15,123||£14,736|
|(*Figures represent an example of a 5 bed HMO at full occupancy in the private rental market)|
(5 beds full)
(4 beds full)
(3 beds full)
If you are looking for guaranteed rents, no voids and a predictable income. Then let’s get you started with either of these packages:
Full end-to-end process
Find property which meets council criteria
Project & refurb management
(additional fees apply)
Guaranteed rent contract
This package is subject to an annual facilitation fee of 5%. See FAQ
Only applicable if buying 3 houses at once
70/30% cashflow split (70% to investor)
No property find fee
‘Project & refurb management
(additional fees apply)
Guaranteed rent contact
This package is subject to an annual facilitation fee of 2.5%. See FAQ
- Multiple business owner
- Property Investor of a mixed portfolio including BTL, Social Housing, Lease Option & HMO
- Connected to the best property advisors
- Personal Blog at www.toortalks.blog
- Co-founder of Digital Marketing Business Agency at www.bstreetdigital.com
- Podcast at www.growthtribes.com/podcast
With the mission of investing in UK property. Specifically, in the charity sector helping the following tenants:
- Asylum seekers
- War veterans
- & Children who have had a difficult start in life
We take the long-term view of providing homes for the community, which allows vulnerable people to get themselves back on their feet and re-integrated into society.
Properties we purchase are renovated to the Government’s decent homes standard, conforming to all current UK regulations.
Ultimately, we are not just investors looking for cash, but actually providing homes for some of the people who need it the most.
It is this, which allows investors with savings, inheritance, bonuses, sale of a business, company profits, SASS and sale of other assets to invest for a greater return on their capital and knowledge that their capital is going to a social conscious cause.
The buying process is the same as any other property. We do the hard work behind the scenes in:
– Finding the property
– Having the property accepted by the council
– Getting an offer accepted to maximise your return
– Advising you to start the buying process
– We are there throughout the buying process to answer any questions
– Refurb starts
– Council sign off the property
– Contract is issued
– You are paid your rent directly
Downsides are risks we must ensure we are aware of and do what we can to mitigate (not eliminate). The downsides include the following:
From the moment the property is accepted by the council, we have 5-6 months (depending on council) to have the property purchased, refurbished and handed over to them. After that we run the risk of them not needing that property in that area. Prior to the 5-6 months, they must take the property on.
We buy based on council demand, therefore we don’t buy on location. We try to batch investors houses in certain locations, but the reality is you may have one in Liverpool, one in Sheffield and one in Hull because this is where the council needs it at the time. This is of course irrelevant in the sense that your return is guaranteed. It is worth noting that we do not buy in areas that face racial tension, discrimination and extremely low employement. These areas put the tenants at risk and most of the time the council do not allow us to buy in these areas also.
Other downsides which can occur are those which are similarly applicable to any property investment. Interest rates, market changes, economic changes, regulation changes, property damage,
These are the typical downsides that we face and we work incredibly hard to mitigate against them.
Due to the sensitive nature of the tenant types we do not broadcast our service. This site acts as the first point of information answering most of our clients questions, but the client at this stage has the intention to buy property, rather than a curious person browsing facebook and the web.
To keep costs down for our clients we don’t do direct marketing. As we offer a niche property strategy which is attractive, there is very little need to advertise directly. Recommendations also mean a pre qualification of clients around their understanding of the sensitivity around vulnerable tenants.
This is charged annually in advance to cover the costs of our communication with all current and future councils, charities and other niche organisations. It is calculated as 5% of the gross rent for property 1. Thereafter all other properties you own with us are calculated at 2.5% of gross rent. It ensures you have minimal communication as our team takes care of the day to day. As a bonus, clients who pay an annual facilitation fee (AFF) get sent the details of a new property before a new client.
Due to the sensitivity of the tenant types, we advise all clients not to shout about it on social media. We understand many of our clients may want to raise their profile or use these properties as leverage to raise finance. That is do-able, but being conscious not to give away too much detail including charity names, tenant types, exact location of property.
Finally, although we cannot rush any decisions, it is important that when a property that meets your criteria is presented to you that a prompt decision is made.