120 The Business of HMOs - Success in Article 4 Area

Property Solopreneur with Rachael Troughton

Sophie Foote, a true HMO girl, is the Director of ROOMS, a company that takes shared houses and provides quality rooms for tenants and long-term contracts, guaranteed rents, and zero management fees to landlords. Sophie has lived and worked in Malaysia, Thailand, Vietnam, Fiji, Spain and Indonesia, where she bought an island and built her own scuba diving resort. Sophie's rapid success in property is self-explanatory when we consider her vast experience in business, sales and marketing, and the lessons her scuba diving resort taught her in management, excellence and professionalism in customer service.

In this episode, Sophie talks about the business side of HMOs, the lessons learned the hard way, and how she navigates the always tricky cash flow. We also discuss the importance of networking, what makes HMOs so attractive and much more.

What Is Covered:

-Sophie's thoughts on what makes people successful in property

-Why focusing on customer service is a must for property entrepreneurs

-The biggest regulations-wise hurdle for getting into property

-Why Sophie started with rent-to-rent

-What adding value to a property means

-Why networking is so crucial in property

-Sophie's thoughts on delegating in property business

Resources:

-Let's connect! Send me a VoiceMail

-Kobo - High-quality data collection software

-Xero - Accounting software

-Visit ROOMS

-Download my Property Business Checklist - The Key Building Blocks for a Sound and Successful Business

-Check out my Website

-Connect with me on LinkedIn

-Find me on Instagram