Hi everyone, welcome back to another property update.
It’s been another busy month, and we’re making some really good progress across the portfolio.
Back in February, we took on five houses, and we’re now very close to having all of those rooms filled.
One of the things we’ve really learned is how important it is to make sure people actually attend their viewing.
So we’re now reminding people twice about their appointment, which has made a real difference and helped reduce the number of people who simply don't turn up.
But our job doesn't stop once somebody moves in.
We want to make sure we look after our tenants once they're in the property, and we’re also helping them through the HomeLet application process online.
Sometimes these applications can feel a bit daunting, so being there to help people through the process makes things much easier for everyone.
With the TMG houses, we’ve had a little bit of tenant churn, which is always part of managing shared houses, but we’re now down to just one room left to fill, so we're nearly there.
The new landlord property is also progressing really well, and the landlord now has the agreement in place, so we're moving forward with that.
I've also been helping another landlord who isn't based locally.
We're keeping an eye on his property for him, making sure things are being monitored and that he has someone locally who can keep on top of things.
And finally, we're also in the process of selling our flat on Tweedy Road.
I've done this before, and the plan is to release that capital and put it back into our HMO and shared property portfolio.
So, rather than just sitting on the money, we're looking at how we can reinvest it into more property and continue growing the portfolio.
So that's the August update.
Lots happening behind the scenes, plenty of progress, and hopefully not too long before we can say all those rooms are full!
Thanks for watching, and I'll see you in the next one.
