Biz Update - 13% YOY Growth, Winning Awards, Selling A Property & Multiple Live Developments

In this episode, I'll be giving you a business update, sharing exactly what's been happening in my businesses over the last couple of months. 

It's been a busy period with lots going on. If you're interested in how I'm developing my property businesses, what's going well, and what challenges I've encountered, then stick around. Relax and enjoy this episode of the HMO Podcast.

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Got any questions? Ask us in The HMO Community Facebook Group or follow me on Instagram @andygraham.hmo for daily HMO tips and advice! 

If you want to join my 1-2-1 mentoring program, you can enquire here. 

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Transcript

Andy Graham (00:02.67)

Hey, I'm Andy and you're listening to the HMO Podcast. Over 10 years ago, I set myself the challenge of building my own property portfolio. And what began as a short -term investment plan soon became a long -term commitment to change the way young people live together. I've now built several successful businesses. I've raised millions of pounds of investment and I've managed thousands of tenants. Join me and some very special guests to discover the tips, tricks and hacks, the ups and the downs, the best practice and everything else you need to know to start, scale and systemise your very own HMO portfolio now.

Andy Graham (00:40.718)

In today's episode, I'm going to give you a business update. I'm going to let you see exactly what has been going on in my businesses over the last couple of months. And boy has it been a busy couple of months. If you want to know how I'm building my property businesses, if you want to know what's been going well and what's not been going so well, then make sure you stick around. Please sit back, relax, and enjoy today's episode of the HMO Podcast.

Hey guys, it's Andy here. We're going to be getting back to the podcast in just a moment, but before we do, I want to tell you very quickly about the HMO roadmap. Now, if you're serious about replacing your income, or perhaps you've already got a HMO portfolio that you want to scale up, then the HMO roadmap really is your one -stop shop. Inside the roadmap, you'll find a full 60 lesson course delivered by me, teaching you how to find more deals, how to fund more deals and raise private finance, how to refurbish great properties, how to fill them with great tenants that stay for longer, and how to manage your properties and tenants for the future.

We've also got guest workshops added every single month. We've got new videos added every single week about all sorts of topics. We've got downloadable resources, cheat sheets and swipe files to help you. We've got case studies from guests and community members who are doing incredible projects that you can learn from. And we've also built an application just for you, that allows you to appraise and evaluate your deals, stack them side by side and track the key metrics that are most important to you. To find out more, head to theHMOroadmap.co.uk now and come and join our incredible community of HMO property investors.

Andy Graham (02:15.118)

Okay, welcome back gang. So today I'm going to give you a business update. I'm going to let you know what's been going on in my businesses over the last couple of months. It's been a busy couple of months, some good, some not so good. And I like to share these episodes with you to keep it real, to give you transparency on what I'm actually doing. I'm not just here talking about property. I'm actually out there every day building my own property businesses. So today I'm going to fill you in and it's been a busy couple of months. Like I said, there's been a lot of stuff happening, a lot of stuff to contend with.

And I'm going to share all of that with you. So from the top, where to begin today? Well, as it's July, we're now into the second half of the year, unbelievably. And what I like to do every three months and every six months is look at the last period and compare it to that same period in the previous year. So the last six months, comparing it to the first six months of 2023, we're up across the board, across all income generating channels. That's all of my businesses, including the properties and the training businesses.

We're up 13 % year on year, and that's fantastic. And there's a whole host of reasons why it's not any single revenue stream or any particular property outperforming anything else. It's a combination. It's some new properties coming online. It's additional income streams, some of the businesses coming online. It's some reductions in costs elsewhere. It's a whole variety of good mix of things, but I'm really keen on these figures. I like to keep a very close eye on them. I like to monitor a lot of our data. We collect a lot of data.

When you're managing things, you can measure things. And when you can measure things, you can look at making changes. You can make improvements. You can learn from what's going well and you can do more of it. You can do less of what's not going so well. So I was really pleased and especially because at the end of 2023, I mean, we got married in August and then we went away for a few months and then we came back and it was December. And actually that second half of the year, I was nowhere near at my desk as much as I expect to be this year and would have been the previous year. And one of the natural consequences of that as a business owner is that generally speaking, performance tends to dip. One of the things that I've talked about a lot on the show is building systems and operations and procedures and processes and having the right people, the great team to run a business so that you can be aware, you can be less attentive to that business and it can not only continue to perform, but it can actually continue

Andy Graham (04:35.)

to grow and that's exactly what's happened. So it's really pleasing to see a lot of our income streams do tend to lags. There's a few things that we could do something today and we might see the benefit tomorrow, but mostly we'll do something today and we'll see the benefits of that two, three, four, six months on. So I was really pleased to see that despite going away and despite having that time away, the performance has been consistently up versus last year. So that's really, really great to see. And I'm very, very pleased. The objective of the next six months is of course, this last six months, so I'll check in with you towards the end of the year and let you know as usual, exactly how I've done in 2024, but really, really pleased about that one.

One of the big things that has obviously happened since our last business update in May is that we have a new government. It's just one of those things that recording that episode back in May, I'm pretty sure as well before the snap election was called, you just never would have expected it. We were absolutely expecting a general election this year, but I was thinking it would probably be more like October time.

And lo and behold, it was called, it's done and dusted, Labour are in and everything needs to adapt. We need to adapt our businesses to all of these changes that Labour are talking about that will inevitably start to wash through. Did an episode on it last week. If you haven't listened to it and you do want to know what I think about what Labour's changes are going to mean for us as property investors and specifically us as HMO property investors, go and listen to it. But I think there are going to be changes and adaptations that we need to make in our business.

But just interesting to see that over the course of just a couple of months between my business updates, something that significant has happened. And isn't that just the story of being a business owner in the UK in the last three, four or five years, just consistent change, continuous uncertainty, which we've all got very good at managing now, but it's really, really unusual to think that that is something that has happened and it's significant. So look, I'm not going to get carried away about talking about the election and the results and what I think about it all in today's episode.

That was all in last week's episode. Go and check it out. But just an interesting thing to report back on that's happened since I last checked in with you. And of course we're all now going to have to start thinking about how we adapt to what comes forth from labor. Okay then. So since the last business update in early May, now I did talk about this on the show and I definitely talked about it all over social media because I was really, really, really proud of it, but we won.

Andy Graham (06:59.36)

some awards, one of the awards that we won was the best content provider at the HMO awards became runner up, highly commended as best training provider and mentor for the year as well. And I was exceptionally proud of both of these awards. The content provision award that was all about the HMO roadmap was actually presented to us by Ben Beadle. And I was especially proud of this award because as you guys know, the HMO roadmap was a passion project of mine coming out of COVID and I wanted to do something differently.

I wanted to build the most extensive training program available for anybody interested in HMOs on the market. And that's exactly what we've done. The amount of content and the way that we've done it and the interactivity and the exclusion of bias because we draw so much content from the community. So it's not just about me and my opinions and my experiences and examples. It's about hundreds of our community members and what they've done and what they're doing.

Different types of property, different ways of doing it, different parts of the country, different types of businesses, different tenant demographics, different styles and preferences. So much color in there. And we were privileged to win the award and I was so incredibly proud. And then of course we became runner up for the best training and mentorship program, which I have been obviously running for many, many years,

We, as you know, do things very, very differently. We are not a big training enterprise. We do not rely on getting seats on bums. I turn up here, I share my thoughts about the market every single week, have done for the last few years and you guys listen and you guys know that we are not a conveyor belt. We are not here simply to get seats on bums and sell courses. What I do isn't right for everybody, but the way that I do it and the people that I work with love the exclusivity, how bespoke our training packages are, how detailed and how thorough and how supportive they all are.

So for me on a personal level to come into the market, and by the way, we were up against some absolute titans in the industry, you the big training companies and we still won these awards. And that makes me feel especially proud because I think it just shows that actually things can be done differently. It isn't all about

Andy Graham (09:12.514)

getting seats on bums and selling very, very expensive courses. So thank you guys for all of your support and all of our community. Thank you for your support. means so much to me. Really, really, really, really proud of this one. And for me operating that business, it has been a huge amount of work, huge commitment and sacrifices, a lot of investment. And it was really nice to just be presented with those awards. So that happened since our last business update.

Now off the back of that, interestingly, that did generate a huge amount of interest in our business. And we then went on to have one of the sort of busiest couple of months really that we've ever had of people wanting to work with mentorship, joining the roadmap. I think we're now approaching, I think 425 members inside the HMO roadmap today, which is truly incredible. And by the way, that's sort of an operation, digital operation. It has a lot

considerations at the back end in terms of keeping the program alive, keeping the tech hall in order, the people that we rely on to do that for us. So there's a lot of moving parts to that business in the background, but now being able to support so many people and having those awards, I'm really incredibly proud of it, but we just had a really busy few months and actually a couple of months and that's been great for business. And actually I think it just goes to show that there is a lot of value in winning awards, getting accredited by people.

that have integrity and are well respected in the industry and have achieved a lot themselves is really incredibly helpful in business. And actually it was only last year that I applied and won my very first award in the property market. It's not something I was ever really interested in doing. I didn't really understand necessarily the value of doing it, but in terms of expanding your network, influence, being able to demonstrate experience and credibility and integrity, it's really good for all of that stuff. So anybody out there listening today

who has maybe done a great project or is doing something incredible in their business. And thinking about whether or not they should maybe apply for an award later this year, my advice would absolutely be to go and do it. I'm a judge at the HMO Awards as well, and it's really incredible to see the

Andy Graham (11:19.858)

standards of applicants that are coming forward now in the HMO market. But if you get the opportunity, you've got a good project or something great going on in your business and you think people deserve to see it and make sure you do. Because honestly, it can be really great for you and your business on quite a selfish level, but that's absolutely fine. So I'd really encourage you to go and do that because we saw some really great benefits. On a similar note, a slightly different tangent. We've done a couple of magazine articles, one of which was for Blue Bricks. Really exciting to get interviewed, do a cover in there, talking about my experience on building property businesses and actually talking about the difference between property investor and business owner.

And by the way, I think they are very, very different. It's not for me to tell you what you are, but I very much see myself as a business owner, more of an entrepreneur as opposed to purely an investor, which is actually where I perhaps started. If you haven't read it, check it out. in Blue Bricks magazine. You can actually get yourself a free copy, but yeah, thanks for that invitation. Those guys over at Blue Bricks. was a real pleasure and nice to do something.

Different would be on the other side of the mic, so to speak, for a change. Okay. Last time, I think I updated you guys on an offer that I put in on a new property, but I didn't have any more information at the time. It was simply just an offer. And I can't quite remember what I was either. I think I'd just come back from New York. So we'd just been away and had a nice holiday in New York. Anyway, that offer was slightly different because it was actually for what was going to be mine and Gemma's new family home.

It's time for us to make a move. moving out of Sheffield, we're moving elsewhere. And I have the itch to do quite a different type of project. And we found what was the perfect home that of course needed more or less completely demolishing, not entirely, but scope for significant improvement, extension and alterations. The classic example of kind of the worst house on a really good street. That's exactly what we offered on.

Anyway, when I was recording the business update last time, I don't think we'd heard back. And as it happened, a few days later, we got a call from the agent and the agent said, look, the offer that you put in, circumstances have changed. The owner actually died and it became probate sale. So anyway, they said, look, would you, do you still want to go ahead with your offer if our client was to sort of take your offer? And we said, well, yeah, we can work with that. can just adapt to it.

Andy Graham (13:38.168)

So anyway, that's the circumstance. It's now a probe itself. So of course it's going to take a bit longer, but actually, quite interestingly, that's something that I can use to my advantage because it does need a big scheme of works. And actually that scheme of works in the first instance needs planning permission. It's not a particularly contentious planning application. a householder application. So a little bit different to the HMO change of view stuff that we typically do and quite different to the big commercial to resist off those major applications that are scrutinised much more closely, actually extending a home because it's something you're going to live in yourself is generally looked at with a lot more leniency. Not that I'm looking to do anything contentious anyway, but that needs drawing up. And one of my business partners is doing that for me, which I am really excited for. And Gemma and I are getting the opportunity to kind of design and then build our dream home.

That design works all in process at the minute. The conveyancing is obviously all still happening in the background. It'll likely not be this year before we even complete on that house and that property. And I'm okay with that. There is a bit of risk in that sale could fall away. The vendors could change their mind, but, and I prioritised getting direct with the sellers, the family, the estate holders, and just being able to see them and look at the whites in their eyes and have the conversation and let them understand our circumstances and vice versa. I think it's really important to have that relationship so that if,

As when things most likely will get kind of snagged through conveyancing, it doesn't get sort of misconstrued between agents and solicitors that direct line of communication can just help keep things ticking along. So really, really excited about that project, but it's going to be a very capital intensive property because it's quite an expensive property. And then we're doing a huge amount of work to it. So actually for a good 12 month period, I'm actually probably putting some of my, keep talking about it, but I've been planning to buy some more HMOs for quite a while, still haven't found the right things.

So actually decided this is where I'm going to allocate a lot of my capital to at the minute. Once it's done, well, kind of readdress things and then probably revert to buying some more HMOs, but that'll be 12 months time. So that's the plan at the minute. And of course that project's going to need a lot of my time and attention. There's going be a lot of choices in terms of materials, managing, builders and contractors. This is a whole big body of work that needs to be thought about alongside everything else as well.

Andy Graham (15:53.942)

Of course, very, very, very excited about that. And whilst that's been going on, we then decided to put our own home on the market. So I shared a little bit of feedback actually in the HMO community the other day on this one. I do not like selling. That's just a fact. I've done it a number of times before, but I hate it. I don't like being at the mercy of, of Pius. So anyway, as it was time for us to leave Sheffield and move on, we were not contingent on buying this new home that I just mentioned.

We weren't continuing on selling our current home, but actually seen as it was going to take longer than we thought, well, we may as well just put our home now on the market, sell it, and we'll probably move and rent for 12 months while I do the development on the new home. Well, anyway, took our home to the agent, got it valued, put it on the market and wow, the response was incredible. So in terms of the owner occupying market, I'm not as tuned into that. keep obviously a close eye on values, but I'm more interested in the investment market and then kind of the rental market.

But actually we've got the valuations, a great valuations really pleased with the initial valuation on the house. Then we put it on the market. We guided it between a kind of a quite a narrow range. And then it was up on the market for about two weeks. We had about 35 ish viewings, which was completely nuts. Um, fortunately the agents did most of the viewings and they did it in blocks. And then we had a lot of offers and then it went to best and finals and at best and finals, we had about nine or ten incredible offers, many of which were not just a little bit over the guide, but substantially over the guide.

So I was really, really staggered. We priced it very well. We've actually, if we took one of several offers, kind of broken the kind of threshold, set a new benchmark for the type of housing in our area, which is pretty amazing. But I think it just showed me that the market, the property market for the right stuff in the right location is absolutely live and kicking. The interest. was bananas.

So it really reminded me like a few years ago, you know, when everything was just offers over offers over offers over and getting bid up, it was just like that. No different whatsoever. So the right stuff in the right place at the right time. Wow. The market is still incredibly strong. So that's that. That's our own home. So that's now kind of often agreed and off the market and yeah, kind of sad, but going to enjoy our last summer in Sheffield before moving a little bit further north to be a bit closer to our family.

Andy Graham (18:19.438)

Okay then what else? Student change -overs has all happened. So student change -over for me now is so much easier than it used to be. Before I sold my agency, we were managing about 78 student change -overs over the summer period. And it's a crazy period. The weeks before and then the kind of the change -over week, which is typically the last week in June for us. And then the weeks after are absolutely bonkers with planning and problem solving and managing people, inspections, inventories, communicating with sort of departing tenants and then incoming tenants, managing guarantors and their expectations, getting houses clean, managing deposit deductions. It's just absolutely nuts.

Now I still have to do that every year, but the task is much smaller and so much easier and almost enjoyable now because it gets a really focus and, actually rather than just inspect and deal with the ins and outs of tenants, actually refocus on where improvements need to be made on properties. So actually identifying maintenance, proactive maintenance, where we could go in and perhaps touch up some decorating, change some furniture over, the sort of stuff that actually, when you're managing big volumes of properties, it's just very difficult to do. You just have to focus on the job, getting tenants out and getting them cleaned and then getting new tenants in and all of that admin that goes along with it. So that's behind me now. It was a busy week. The houses on the whole were in really good condition.

Everybody has moved in. haven't been many issues afterwards. One of the houses had been a little heavily handed, I would say, while they were living there. So we have done some improvement works, but all in all, a really good year. I was really, really pleased with the outcome of them. I decided also to do a refurb on one of the houses when the tenants moved out this summer. So it was an older four bed. It's about 10 years ago since I did the last refurbishment, but even when I did it then, it was a light refurb.

And at that time, I didn't really have the budget to chase everything in and do a kind of a back to brick. Anyway, gone in, I'm doing it properly. So it's right back to kind of plastering in there, new bathrooms, making some structural alterations. It's going to be redecorated, new furniture throughout, new flooring throughout. It's going to look really, really quite good. So I'm very excited about that, but there's a body work happening. It's probably only about a 25 to 35 ,000 pound refurb. And that spectrum is still quite big because as we go, I'm still making some decisions about how

Andy Graham (20:38.382)

far I want to go with the spec. The budget itself isn't really that important to me. What I want to do is, is get a really good spec in there and I'm trialing maybe some new ideas and some new materials. It's all waiting to see, but my gut feeling is it's probably going to be just a little over 30,000. Quite a small refurb, dead easy. And one of my guys is just handling all that. We'll do it in eight weeks. And then the new tenants will move in just in time for the new academic season to start in September. So that's all happening.

All right. AIG projects then. So the big commercial to Resi projects, what's going on? Well, the old forge, that's our commercial to 10 unit scheme in Norwich progressing well, little slower than we had hoped and anticipated. It's a big scheme, sort of 6,000, 6,500 square feet. That's a lot of plastering. That's a lot of roofing. That's a lot of first and second fix. So that project's progressing on well. It looks incredible now it's still behind the scaffold.

So it's really difficult to see, the brickwork and the windows and now kind of that prominence on the corner. looks incredible. Internally now things are starting to look good. It's getting to that exciting stage where things are plastic and we're starting to second fix stuff. And we've planned all the kitchens and all the bathroom materials and things like that. So very, very exciting period. I think we're at least a couple of months away yet in all reality. So it's heads down.

kind of home stretch soon to get that project all finished off, but we're all really, really excited about it. The objective is to keep all of the units and then get them up on the rental market. Our big project down in Kent, that's our big scheme overlooking the sea. 37 units in two phases, first phase is going well, still kind of working through the different floors of the building. We're sort of closed up and sort of boarded up on some floors and sort of finishing off some of the structural work on some of the lower floors.

But with a big team, they're sort of rolling around the site. So they kind of do some structural works in one area and then move on to the next. And then the next team follow on and so on and so forth. So it's really well structured. There have been some complications and some frustrations with things like the utilities to the site, but all fairly normal stuff. We're really pleased with the way that things are going and broadly in line with where kind of we, we hope to be in terms of the schedule and the program. And yeah, just very excited to see it all starting to come together now. We're kind of aiming for September to get

Andy Graham (22:55.074)

see at the first five units finished. let's see. I'll keep you updated on that one, but wow. Yeah. There's some very big invoices going out every single month on that project. We've got the land at the side now, and actually we are just amending the planning. We're actually just waiting for our final planning decision on that land, squeezing a couple more units out on that scheme. It already had planning for a certain number of units. We're just squeezing a couple more out, and then we're going to start doing some land studies and hoping to actually start building that one out in September time as well. So.

All guns blazing, really, really excited about that project. And then our scheme in Sheffield, the sawmill. So the sawmill, went, if you remember, we went back into planning with Historic England for a pre -app. We got some advice from them. They weren't really keen on some of the amendments that we wanted to do to our building because we're up against a listed building. But with their feedback, we went back and amended the scheme and we're just about finalising that now and it's going to go into planning. So it looks incredible. It's an 18 unit scheme.

Part conversion, part new build. And the planning itself now isn't very contentious at all. Probably the most contentious part is the roof scape. And that's really just because the council and Historic England will want to see it sort of in keeping with the piecemeal development that's happened in this particular area over the last hundred years or so. So we'll wait and see what they say, but it should be a relatively straightforward planning application, fingers crossed, now that we've done all of the hard work upfront in terms of the pre apps.

I'm now speaking to main contractors, which is exciting, meeting people, getting some ideas and thoughts from them, looking at some of their projects and sites. our objective, our goal really is to start that development in about October time. So still a few months out from that, but a lot of work to do in the meanwhile, we're actually starting to discharge what will be some of the pre -commencement conditions or things like contamination assessments and various bits and pieces that we know the council will want.

We're dealing with some of that stuff now, construction management plans are a good example so that when we do get the planning, we're not then having to wait for months to discharge from conditions. We can actually focus on doing that now because we almost know that they're going to come. We can get most of them ticked off as well. A little tip for you there, by the way, if you are doing any planning applications, it's really frustrating when you get all your pre -commencement conditions and then you realise it's going to take you three months to discharge them all. If you can do some of them before.

Andy Graham (25:09.314)

You get planning application back because you can anticipate what they're going to be. That's great. Just means you can roll straight into your development. That's exactly what we like to do. So really exciting across the development board, but things are going well. We're working with lots of private investors and recycling lots of investment through our projects. If you're listening today and you'd like to get involved and be a part of our story and perhaps want to talk about investing with us, just drop me a DM, drop you an email to andy@thehmoroadmap.co.uk. There are always opportunities,

It's great to be able to work with our investors, give them such great returns and all of our investors continue to repeat invest with us. So we've just sort of amended some loan agreements now as some of the terms have come up for redemption and then extension. And yeah, really excited because things are going so incredibly well there. Very, very, very exciting time of the year. And that kind of plan that we set here in the year is definitely all now coming to fruition. So that's super exciting. Couple little bits. I personally loaned out a six figure loan to a business partner of mine while just a bit more liquid and can help somebody out. I'm also happy to be an investor.

No point in being sat at my bank, not really getting much of a return anyway. And then the roadmap. So a couple of things that we've been working on recently, we have made some really great updates to our partnership services. We've got now more partners offering exclusive discounts to our community members and members of the HMO roadmap than ever before. If you head to thehmorodmap.co.uk, you can see that.

extended it to services like virtual assistant services, software with Coho. You can get yourself a discount if you need things like Firerisk assessments, because some really cool and additional services there. So that's very exciting for us really building out our one -stop shop, which was our promise to you. We had our second best month today ever. Actually, I told you that we had a good month, but yet actually turned out to be our second best month today ever, which was really, really fantastic. 425 members now through the roadmap, which is Insane when I started to build it, I had no idea what it would actually become. But to think that that many people have come and joined and taking advantage of the roadmap and everything that it's got to offer is really cool. Very exciting. And don't get me wrong. think absolutely kind of justified because it is so good. I know I'm biased, but I think the feedback we're getting is really incredible. And we continue to make it better every single day, like every day, every week, every month, it's new content, better content, improved content.

Andy Graham (27:32.172)

of all sorts of types and varieties. And that's continued as well. Yeah, that is probably about it. last couple of months, I told you it's been absolutely nuts. In all honesty, hasn't been anything overtly challenging. It's been a fairly good couple of months because of that. It's been quite an enjoyable couple of months. And I think what I'm going to do as I look towards the end of the year now is continue to focus on growth in all areas, but I now really want to focus on some efficiency. I think there's additional efficiencies.

across the board of my businesses that I can make operationally in terms of the systems and processes, some of the ways that our team manages things. I think there's some improvements and I'd like to start looking at them with a view to improving them in Q4 and then going into 2025 with much greater capacity, much greater efficiency, and then ultimately much greater profitability as well. And I'll be managing our scheme in Sheffield, the sawmill and the development of that as well as our dream home as well.

So I'm expecting to be quite a lot busier come sort of later this year, certainly into next year as well. So the more efficiency I can drive through the businesses at the moment, the better. That's about it for today guys. Let me know what you think and also let me know what you're up to in your businesses. If you haven't already joined, come over to the HMO community. That is our free group in Facebook. Great place to find guidance, inspiration, advice, expert assistance on pretty much anything you can imagine when it comes to HMOs and building your property business.

But come tell us what you're up to. What have you been doing? What's going well? What's not going so well? Share the positive, share the good stuff and let us help you with stuff that's not going to plan. You're not alone. I can guarantee that. And if you haven't joined, it won't take you long to realise that actually we're a really good group of people, about 10,000 of us now, over 10,000, but all there to help each other.

Come and check it out. If you haven't already joined, if you're not already joined the HMO roadmap, go and check it out. Go and test out all of that good stuff that I've been telling you about for so long. Now 425 people cannot be getting it wrong. They know how good it is inside there. Go and join them. Go and check out theHMOroadmap.co.uk. It'll cost you less than the cost of a cup of coffee every single day. When you think about what that could materialize in terms of your property business, the income that you could generate if you

Andy Graham (29:53.262)

absorb all that information and advice and those resources that could save you hours of time and not just time, thousands of pounds and having to go and create them yourselves, then it is an absolute no brainer. If you've enjoyed today's episode, if you've enjoyed our recent episodes on the show, guys, if you're a new subscriber, even if you're an existing listener, but hasn't yet had the opportunity, if you've got 30 seconds to leave me a really quick review of the show. I would be so grateful. It's been a little while since anyone's left us a review and it really does help to know what you guys think of the show. It helps continue to spread the message of the show. The algorithm's like it gives us a boost puts us in front of more people. And at the end of the day, we want to do that because we want to show how great the stuff that you guys out there in our community are doing, how we are making positive impacts and positive changes in the HMO industry and why we are such an important part of the private rental sector. And of course,

It helps me continue to bring great guests onto the show, like the guys and girls that we've had on recently. That's it guys. I hope you've enjoyed today's business update. As always, it's meant to be a transparent and honest insight into what I'm actually up to on a day -to -day basis. I hope you found some value in it. I hope you can take that value and in some way implement it into your own business as well. I'm sure you will. That's it guys. Thank you once again. And don't forget that I'll be right back here in the very same place next week. So please join me then for another installment of the HMO Podcast.