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I would, personally, ensure that LACORS as well as local council rules are being met and if the councils measures are below what it says in the LACORS, always go with doing which ever is greater protection to cover you. If the worse case happened and you were in front of a judge, you would have clearly demonstrated you had done everything in your power to ensure the property was compliant. Also, Crawley council (ours) used to not stipulate things in the LACORS, but we did them anyway.. then a few years later they implemented them... so we have nothing to implement moving forward as where others do. :)

Hey, yes we are. The locks warn you when batteries are running low so you can easily swap them out. Failing that, you can put a 9V battery under the pad to give it temporary power to get in, to then change the main batteries (4 x AA). Failing both those, say the device completely breaks or whatever, locksmiths can get in with no damage needed to the door (talking from experience). Hope that helps.

Hi there. See our original post on Property Tribe for the answers - www.propertytribes.com/5-bed-4-bathroom-hmo-in-crawley-t-127629923.html

Do you have HMOs then? Where are you based etc? :)

I’m based in London but would like to buy my first investment property out side of London, I’m just trying to absorb as much information as I can 😀

@@VCCHomes is Luton a good area for hmos ?

@@jamesgrant3812 Hi James. Unfortunately I do not know personally, as it's not my area. You're best bet is to find agents operating HMOs in Luton and ask them :) I'm sure it is good though, what with the airport etc. Good luck!

Thank you. We plan on it ;) Let us know if there is anything specific we could cover :)

Hey, we get it mainly from IKEA & Landlord Furniture Co. but also Fusion Furniture.

I agree and disagree haha It's now really simple for me to grab the video footage this way when doing the staging/pics and I'm fairly good at editing things now (so overall, a very cost effective video method for us). Also, I feel this type of video gives the viewer at bit more 'entertainment and intrigue' . Matterport is obviously a great bit of kit too, I can't deny it, but I feel it's quite expensive? Their cameras are a fairly big expense aren't they? And they have a £55 per month on going cost? Therefore, in an ideal world I would do both! As I think there are pros and cons for both methods... but in reality, can the marketing budget be spent on other things that will have more of an impact? Say, Facebook advertising spend to reach more people? It's certainly something I am keeping on eye on though. I take it you use it?

@@VCCHomes You can get a Rocoh Theta which integrates with the software and now actually although it's a bit of a faff the app allows you to do a 3D space with your iphone. There are some hosting charges but what you can do is archive spaces that you don't need and reduce your monthly. It's not significant in cost to be fair. I used to do videos and much I like them, the feed back was mixed. With the Matterport, a prospective tenant can look around at their own speed and explore a home at their own pace.

Thank you very much. We've completed 14 refurbishments now, so we've learned a fair amount over the last few years which we're able to implement into each new project. Also with the lettings business, we get the feedback from people who actually use the product too. We currently have 56 HMO rooms & 4 are void at current. It's challenging out there and we're adapting as best as we can but with our newly hired staff member furloughed and the kids at home, it only increases the challenge. That said, I believe our customers can see the quality of properties/rooms we have & the good service we endeavour to provide. So all I can do is keep putting in the work to fill the rooms and deliver as best of a service I can at the moment. Do you have HMOs yourself? How are you finding it etc? Best regards, Oli

@@VCCHomes I'll just in the process of launching a co-liv company. Doing it like they do in NYC and SFO. My company currently manages over 1000 doors for other people but I can see upmarket co-liv is what people want since COVID.

Hey, glad it was of some help :) Good luck with everything, I'm sure if you're watching videos like this then you'll do just fine. I'm thinking of creating a video series on all the basics of lettings, potentially in the new year now (as super busy at the mo). So keep an eye out on our socials for more :) Thanks. Oli

Thank you. I film and edit all the videos myself :)

Thank you Dominic. Appreciate your feedback. :)

@@VCCHomes no worries. Qq. How do you find the keyless locks?

@@dominicgrose9178 Hey, not sure how we first came across them to be honest? But we buy them whenever we find a good deal on them, usually off Amazon. Yale YD-01-CON-NOMOD-CH Keyless Connected Ready Smart Door Lock, Chrome. Hope that answers your question?

Hi Amish, Thank you for your lovely comment. The sanitaryware in this property was from Victorian Plumbing and the kitchen was from Magnet. The paint is a Johnstone's paint, Acrylic Durable Matt, matched to a Dulux colour (I think is was called Just Walnut). Hope that answers your question. Alicia :)

Hi Alex, Thank you for your comment. It was a 3 bed terraced house to start with.

Thank you very much :) Check out VCC Investments' RUclips channel for more videos!

RoomSketcher :)

Thank you Cosy Homes. :D

Thank you Lee. Send me an email to Olicollins@vccinvestments.com and I will send you the figures/costs. :)

It's not necessary to do so in Crawley, at the moment. I hear it is in other parts of the country? Do you currently have to pay?

That’s good to hear. I’ve just read a lot on this topic and a lot of people are having to which came as a shock to them. It’s a matter of time before this becomes mandatory for en-suite HMO’s.

Maybe. Maybe not. But just like how Serviced Apartments came about recently to adapt to Government changes etc, I'm sure there will be something else, as businesses and good business people are always changing and adapting to the market and market environments ;) For now, we provide the best HMOs in Crawley which have no voids and people LOVE to live in! So we'll continue to serve people until such time it is not financially possible and then we'll adapt :)

Indeed lol. Keep up the great work.

Hi Greg, thank you for your comment and for watching. Council tax is paid on the house as a whole. For the couples room, we add £50 extra (so £750 in that room case as £700 is for a single).

Hi Luke, we made the video just to show people our personal HMO that we had just completed (we shared the video in property forums etc). We do now indeed work with clients to do the same for them (we source the property, design it, project manage the refurbishment and then fully manage the property thereafter). If you're interested in having a chat, email us at info@vccinvestments.com and we would love to discuss things further. Oli & Alicia

Hi Miles (presume it's you), thanks for your comment! Approx. Refurbishment costs were nearing £80,000 (we painted and saved other costs by doing some work ourselves), this total includes all the furniture etc. so all in for everything needed to let it.

haha indeed it is! Well remember. Cool nice one, what were the headline figures on it i.e Purchase Price, gross rent and end value?

Ping me an email over to: Olicollins@Vccinvestments.com and I will send it over.

Hi Chris, thank you very much. It was a mixture of Fusion Furniture and IKEA :)

Hi Steven, thank you for your compliment, taking the time to watch our video and leaving us a comment. Hopefully the more we do, the better we'll get.. HMO's and presenting. ;)

Thank you very much Geoffery. We've had some good response so far! We deliver what we say we're going to deliver, when we say we're going to deliver it and we like to think we're knowledgeable, problem solvers and proactive too :) Not sure where you're based but if there is every anything we could assist you with, then please do get in contact with us. All the best, Oli & Alicia

Oli and Alicia, thank you. Regarding the high standard of work you had done, do you need planning permission for internal works like this. If so is it a lengthy process and could it get refused? This would be a nightmare if you bought the property for the reason of converting and then permission got refused. Regards

Geoffery, sorry I had missed this comment! In answer to your question, no. You don't need planning permission for internal works. There are many other rules and regulations you do need to consider though when creating a HMO! Could create a whole video on it :)

Thank you Rob! Appreciate your comment. This video has attracted a handful of investors who want to work with us due to our standards so really pleased we did it :) Also, we haven't had any problems at all from the housemates and they really take care with the house. There's no other way to do HMOs than high quality, right? ;) Thank you once again. All the best, Oli.

VCC Homes top man, yes, your right. Great to hear no problems with tenants. It's all about the systems you put in place , coupled with experience that really shape our business today. I started when I was 22 Oli back in 98 when hmo was not heard about much . My 20 years on has it changed. If you want to connect that be great. Rob

Yeah, completely agree! Would love to connect, tried to find you on Facebook & LinkedIn just now but couldn't! Add me? www.linkedin.com/in/oli-collins-5b901353/ & facebook.com/oli.collins (hope that works)?

Thank you Pete :)