This HMO Strategy Will Replace Your Income | Episode 24: Lee Chaloner, Passive Property

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Welcome to the Property Developer Show Podcast! In this episode, we sit down with Lee Chaloner of Passive Property. Lee and his wife, Ceri, have been building a property portfolio since 2019 in North Wales, offering the highest standard of living to their tenants. They’ve developed a unique approach to being successful HMO developers.

In this episode:
- Keys to HMO success: Lee’s approach to providing high-quality housing and attracting the right tenants
- Scaling the business: The journey to mastering HMOs for rapid portfolio growth
- Tackling industry challenges: Strategies for navigating commercial valuations, HMO misconceptions, and local regulations
- Stepping out of comfort zones: How setting goals to face discomfort led Lee to growth opportunities

This episode is packed with actionable insights for anyone looking to succeed in property development and being a HMO landlord.

Chapters:
00:00 Introduction
01:16 Lee's Journey into Property
03:53 Scaling the HMO Business
9:45: The Essentials of Being a Successful HMO Landlord
12:13 HMO Design and Layout Strategies
13:16 Current Projects and Challenges
19:13: Key Criteria for Successful Property Deals
22:00: What Makes a Property Stand Out
24:00: Thriving in a Saturated Market
27:51 Tips for Aspiring HMO Developers
31:05 Conclusion