When you’re a property investor, one of the most important things is to have your portfolio diversified, consisting of multiple different tenant and housing types. However, social housing is something I don't know much about, so I invited the best person onto the show to talk about it.
Sue Sims has been in property for more than 30 years. She’s got a varied portfolio of properties with buy-to-lets, HMOs, social housing and SA apartments. She is a Director at the property management company Genie Homes, and the co-founder of Partners in Property network meetings. As a fan of social housing done the right way, in this episode Sue talks about the difference between social housing and other housing types. We discuss the importance of doing due diligence before going into this property niche, the benefits and risks of investing in social housing, as well as the correct mindset for doing it successfully and ethically.
What is Covered:
-The difference between social housing and LHA tenants
-Different types of social housing providers
-Misinformation and risks in social housing investment
-The importance of due diligence before investing in social housing
-Mortgages and insurance for this type of properties
-The challenges of rent-to-rent strategy for new landlords
-How to find the right letting agent for social housing
-Long-term considerations for social housing investment
-The importance of networking and knowing your business partners very well
Resources:
-If you’d like to suggest a guest on the Property Solopreneur Podcast, send me a VoiceMail
-Book a 30-minute discovery call with me - the first step to finding the right way to help you succeed in property
-The Big Social Housing Debate Online Event, April 15th (FREE) https://www.eventbrite.co.uk/e/big-debate-sue-sims-sarah-walker-lisa-brown-toby-wilde-simon-kerr-tickets-848444238557?keep_tld=1
-The list of ongoing Partners in Property Events https://partners-property.com/event/social-housing-seminars-2024/
-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
Mentioned in this episode:
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