ATA 022 – Do I need an HMO license for a 4 bed HMO and should I convert to a 5 bed HMO?

Welcome to episode 22 of 'Ask The Angels' where we answer your rent to rent questions.If you’d like to have your question answered go to rent2rentsuccess.com/ask and record your question from me to answer for you.Today we have a question from Emma about licensing for 4 bed HMOs and whether it’s worth converting properties to HMOs.Here’s Emma’s question...“I'm starting out in R2R and deal sourcing. I have seen a property in my home town which is looking like it could be a possible HMO for R2R."My concern is it only has 4 beds and is not registered as an HMO. "It could maybe have a 5th bedroom downstairs but I need to see room size. It only has one bathroom but one room has an ensuite. "Would it better for it to be a 5 bed property to turn into a HMO and register or leave well alone?"What would you do in this case? Leave it well alone and look for an already up and running HMO as suggested or keep going and convert? "The property is fully furnished, except wardrobes in some rooms, and the owners things are in the garage by looks of it. It was apparently used as a SA beforehand but I can't see how - as it's not really a tourist area."Any feedback welcome. Thanks." This is a great question, so let’s start off with the basics and discuss what HMO licensing is in more detail in this episode.Visit the episode page to hear  the full answer and ask your question!✅ https://rent2rentsuccess.com/ata22 ✅Or if you’d like the Free Rent 2 Rent Success Guide & Masterclass✅ https://rent2rentsuccess.com/guide ✅ Support the show

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This podcast is about creating consistent cashflow, escaping the 9-5 and living life on your terms. This is the only podcast entirely dedicated to helping you achieve rent to rent success. It’s our place to inspire each other to Believe Bigger to Be Bolder and to Be Gamechangers for Good. Your hosts are sisters Stephanie Taylor & Nicky Taylor property investors and Co-Founders of HMO Heaven and Rent 2 Rent Success will be sharing with you the ethical 6-step system to get you started in property without buying it.