My
property companies are businesses, therefore the more
cash flow I can extract from a property, the more
profit my company makes, simple. Landlords who share
this vision often ask me how I manage to get my tenants
to pay the utilities bills within my HMO’s (House
of Multiple Occupancy) The answer is a straight forward
one that will be the focus on my forthcoming hands-on
course.
As
a landlord who deals solely with LHA/DSS tenants,
I believe that providing you structure your property
correctly from day 1, there is no need for you to
have any financial liability to the property other
than to service the communal lighting and fire alarms.
The rest of the bills are completely paid by the tenants.
These bills include :
-
Council Tax
- Water
Rates
-
Electricity
-
Gas (where it applies)
This model has been working successfully for me for
many years. Up until recently, I assumed other people
in my position practised a similar common sense approach
to managing their properties, however, the more people
that ask about what I do, the more I realised how
much of a rare breed of a landlord I actually am.
With
over 500 tenants all on benefits, I refuse to
accept direct payment for any of them. Yes that’s
right, all my tenants get paid directly! This
may come as a shock to many readers but I am
possibly one of the only landlords operating
on a large scale who can boast a 100% rent collection
record along with a 98% occupancy rate. |
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The
secrets are all within the systems you operate and
that is what makes my business the thriving success
it is today.
I will be sharing my secrets about how I structure
my HMO’s on Saturday 20 April 2013 at my offices
in Wolverhampton. The course will entail a detailed
breakdown of what makes my business successful and
how this can benefit you; a tour around 4 high cash
flowing HMO’s where all bills are paid by the
tenants. The 4 HMO’s combined generate approximately
£200,000 in rental income.
You
can find further information about this course from
the events page on my website :
http://www.arshellahi.com/web/ae-events/
Educate yourself and increase your income today!
Kind
regards.
Arsh
Ellahi
T:
01902 773949
E: arsh@arshellahi.com
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About
the author
Arsh
Ellahi’s journey into property began
as he left university and took on his Father’s
small property portfolion and developed it
into an impressive multimillion pound business.
Arsh's analytical approach was simple, find
a niche in the market and build on it. By
tapping into the Benefit sector, Arsh was
able to identify the potential growth that
this could bring and he started to maximise
on this.
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With the success Arsh experienced in managing
his father’s portfolio, it was time
for him to develop his own. Within a short
time frame, he began purchasing properties
within the Wolverhampton region which boasts
an impressive 20-30% yield. Arsh
now has over 500 tenants all on benefits and
can boast a 100% rent collection record and
a 98% occupancy rate.
At
the young age of 32, there are no signs of
slowing down for this entrepreneur and Arsh
speaks nationally about ‘The benefits
to renting to people on benefits.’ His
speeches are down to earth and his presenting
style is a relaxed and honest account of his
experience. Arsh
holds courses monthly where he shares his
wealth of experiences to landlords, investors
and generally anyone who has an interest in
property.
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