HMO project gone wrong | Vlog
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- Опубликовано: 21 авг 2024
- The property investing industry is not a bed of roses. Refurbishment on this HMO project has fallen off track due to a number of mistakes the builder made and failed to rectify. We unfortunately had to sack the builder.
What do you do when such mistakes happen?
Walk with us through the property to see some of the problems that we need to rectify and how we are taking this project forward.
#HMO #propertyproject #propertyinvesting
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Thank you for watching my name is Saj Hussain AKA The Property Joint Venture Expert and Your Partner for Wealth Creation Through Property.
This is an amazing video, I learnt so much from this. Its a refreshing change to see where projects have gone wrong, the reasons why they have gone wrong and how to resolve the issue. You even showed how you may be able to get money back from the builder and how to move on. Thank you for this.
Thank you Imran. I appreciate your support it encourages me to keeping doing more videos.
Fairplay Saj, alot of people would never to do a video like this.
Thanks, I believe it's important to be transparent.
Thanks Saj for finally sharing something honest and realistic. Property is rarely ever plain sailing.
Totally, agree. I aim to keep it honest and real on this channel. Do subscribe if you haven't already.
This was a great watch. So often do you see landlords speaking on the pros and of doing refurbs and never on the unfortunate events that occur in the process, particularly involving unreliable or incompetent builders. This video gives us some insight into the, somewhat inevitable, issues we may face as landlords. Great vid Saj👌🏾
I do appreciate your level of confidence and optimism in face of challenges. For sure you have gained these through experiences. Great lesson for me here... thank you 😊
Thank you so much Guy.
Really good video. Good to see a video where the project isn't plain sailing.
I love the fact your still sympathetic with the builder , us builders usually over stretch ourselves because we dont want to let people down , i have seen colleges go under juggling jobs , i have done it myself but its better to say no to work and keep existing customers happy.
I completely agree. Thank you for the honest feedback.
Quality video. Thank you! Its valuable not only in the information imparted but also the resilience & mindset to have in the face of such challenges.
Thank you! Come check out our newer content - hopefully you’ll find them as useful as this one
I am learning so much from your vlogs, thanks Saj, amazing, still can't decide which path to take with regards to HMO'S or Buy-to-let but definitely going to pursue this as it has always been a passion
If you are getting started in property, then these 2 videos will help you.
ruclips.net/video/lD7tw0dG0-c/видео.html
ruclips.net/video/le9aTQsbOow/видео.html
Let me know how you get on with them.
Excellent video thanks for sharing the good bad and ugly.
Nice to see the challenging side of property investing.
Thanks, I like to keep it real. It's not a bed of roses. If you are enjoying these videos, then please do share them with your friends.
Appreciate your transparency and honesty .. very simple to understand use of language too when dealing with problems in property investing ... great video Saj!
Thank you Phil. Honesty is the best way.
Very good video .Watch it with pleasure .Very intresting
Many many thanks.
These are super useful. I'm an architect and photographer in London, and just love the tidbits of info.. wow. those contractors can be quite unprofessional sometimes..
Thank you. I had another disaster on a different project here ruclips.net/video/3UUOAHETUuI/видео.html
Brilliant info Saj especially at the end, bottom of the garden😲👍
Thank you. BTW that's a great name you have 😀
Yes certainly brother. Thank you👍
Unless it's a design and build project. The builder would simply be given instructions and drawings as to what to do. Which is what he's done.
So none of this is his fault.
if you want to hire an architect who does very little, or simply tells the builder what you want without details. That's all on you.
Love the honesty. Sounds like the builders we originally used for our project. Just awful. Huge learning curves which we’ve taken the lessons and positives out of.
It was just disappointing that this was a builder we had worked with before on other projects.
@@TheSajHussain I can imagine the disappointment. Mine were individuals I’ve known for a very long time and trusted implicitly and they left us in a horrendous situation in the middle of winter with 2 kids under the age of 2 living there. Awful times and many many lessons learned which is the great thing about it. Glad you managed to get it sorted in the end.
Superb video Saj! It is important the dot and dab is done correctly on account of the fire regulations.
Totally agree!
Would love to see more videos of things going wrong, so much content showing success in property but more of this would be great as it gives us viewers the problems so we can see them before they happen, and also the solutions!!
Agreed, it is better to learn from other people's mistakes and avoid making them yourself - accelerated learning!
@@TheSajHussain absolutely, keep up the great content. You are a very valuable channel
Timber door frames should have been installed after the plastering they’ll just soak up the moisture and become a problem
Excellent video! Reality and reason contingency is key.
Absolutely!
Idas is a huge asset to any company. Dont loose him!
Thanks, he's a partner in the business.
Thank You Saj for this upload , practical knowledge at its best!!
Glad it was helpful!
Very useful information and helpful explanation of the process. I also like the quality of your builds and attention to detail. Thank you
Glad it was helpful Sandra.
Great video again Saj ! Thanks for sharing and Good luck Adas !
Thanks, we should be starting with the new contractor next week.
I learnt a lot from your videos, Thank you so much. I am a oversea investor of UK property since 2020. I am interesting in how to justify the quotation is reasonable. How to find a good contractor for our big scale renovation projects and small scale maintenance work. How to find a good project manager like Aidas to monitor the project on our behalf? Hope you are well.
Great content Ireland 🇮🇪
Great video, with a lot of good information! 👍
Thank you! 👍
This video is really helpful, thank you Saj for sharing!
Glad it was helpful Gurdeep.
I hate shoddy builders. They expect full payment for substandard work.
All industries have good and bad people in them.
Thank you!
You're welcome!
Great video and insight.
Thanks Mitesh. Hope to catch up with you soon.
Im a builder and i can tell you that the clients dont have the works fully designed or specified and the consultants are not employed thru the works to save money and then blame the builders for all the issues. The builder is not the designer only a contractor
I agree the builders are not designer and we do not give this responsibility to them.
Another great vlog, Saj. Is there a reluctance from another set of builders coming in to a job which is half finished? If an issue arises down the line how do you establish which builder is at fault?
Yes, there can be. However, we have several build teams that work with us so it wasn't really a big problem changing over.
Can you imagine any 7 people you know all living in the same house together? And what might happen?
I'd insist on 10 fixings per door frame leg too, not 4!
lol
Thanks Saj, really helpful to see how these things can go sometimes. Just a question about boarding up the walls - I'm guessing this is cheaper than plastering the walls? Or would you board them and then plaster and then paint? Thanks!
We will be skimming the walls and ceilings just like the attic rooms they started in the video. This is to get a better finish.
@@TheSajHussain That makes sense. Thank you for replying!
This is what happens when a building contractor employs non trades to carry out trade work, very poor
Yes it is sad.
expenses expenses expenses
👍🏼
Do you have to take legal action or did they refund payments?
They are still being evasive.
Did he use an architect?
Yes
Can you show if it’s finished now
The video will be published this Friday. If you haven’t already, then do subscribe to the channel and enable the notification bell so you don’t miss any of the videos as they are released.
Did you use a JCT?
Not for this project
Do you buy from auction and what areas do you normally buy in then
Not from auction, usually direct from the property owners. In and around Birmingham.
hello saj I am going to be undertaking a new 6 bed hmo development were can i get hold of aidas if he is available to manage my project.
He's my business partner. We only manage our own projects. What area is your HMO in?
@@TheSajHussain Thanks for replySaj. Its look like I got the wrong end of the stick. I thought he was a head builder. I am looking to take on a big victorian style end terrance and converting to high end 6 bed hmo in Nottingham. I appreicate you work in Birmingham, but if you have any recommendations for hmo builders in that area please let me know.
Looking for a new team Saj?
Always happy to have a chat. We have several teams that work for us and several projects running at any one moment in time.
Very shoddy work I’m a carpenter and joiner and this is just awful
I agree. Here is the video after it was rectified. ruclips.net/video/uE7VJHFMEhc/видео.html
@@TheSajHussain looks great
I do like your philosophy off having great places for people to live
I’ve been in some terrible hmo properties
👍
Hi Saj, is this investment still going to be viable?
Absolutely, end value will be circa £500K. It won't cost a huge amount to rectify the problems and get back on track. Make sure you click and subscribe and notify as I will be doing a follow up video in a few weeks.
@@TheSajHussain Thats good you had me worried thinking you lost out on this property! I am subscribed Saj. Do you fund all these properties through bridge loans?
@@Burning_desire22 Most of our projects are funded by private investors
This is the second video of yours I’ve seen about you using cowboy builders that are inadequate and probably cheap... doesn’t show you as a property investor in a good light...
pay well pay once
Pay less pay twice
😂😂😂 very assumptive Jez. I share the highs and lows of property investing.
That boarding is awful
I agree, that's why we need to redo a lot of it.
Hi Saj. Great video. We are a CQC registered Care Provider of Supported Living. We are looking for HMO style properties. I will inbox you on Facebook
Thanks, I'll look out for it.