010 | Do you have a Power Team for your HMO Property Business?

RESOURCE LINK

1. The HMO Experience Website (http://www.thehmoexperience.co.uk/)
2. Download the 11 Steps to Running your successful HMO Property Business and other FREE RESOURCES (http://www.thehmoexperience.co.uk/resources-page)
3. Sign up for weekly hacks and tips for starting and scaling your HMO Property Business (http://www.thehmoexperience.co.uk/)

IN THIS EPISODE

Your podcast host Matt Harris chats with Jamie Madill & Steve Mitchell about the pro’s & con’s of running your own HMO property or leveraging other people. They suggest you can do things the hard way, where you are trying to save money by doing everything yourself (which takes a lot of your effort and is stressful), or you can make things easier for yourself by delegating key tasks to others, helping you to not only get more done and scale your HMO business, but also getting your time back. 

Looking to build your own ‘Powerteam’? Make sure you listen to this episode of The HMO Experience Property Podcast!

KEY TAKEAWAYS

1. When starting out it in HMOs it is tempting try to save money by doing everything yourself. This is often a false economy because you can often get more done and quicker by delegating tasks to people who are better qualified than you (and who might also be cheaper!).
2. To help build your ’Powerteam’ it is recommended that you ask for recommendations from property people for all trades. You can do this on property Facebook groups and communities, from friends and family, and from property networking events

BEST MOMENTS

• If you spend your time doing £10 tasks, you're never going to have enough time. You're going to feel overwhelmed. You won't be able to do the £100 pounds or £1000 tasks.’
• ‘I remember Rob Moore sitting on stage and saying that you need to get people in your business early.  I thought that was wrong because you have to be able to pay for them. But I was looking at it completely the wrong way - if we had got people in sooner then I'm sure our business would have been bigger and stronger’.

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CONNECT WITH THE HOSTS

Matt Harris - https://linktr.ee/iammattharris

Jamie Madill - https://www.facebook.com/jamiemadillproperty/

Steve Mitchell - https://www.facebook.com/steve.mitchell.9843