Doubling Your Profits From Supported Living With Chris McDermott from NW Living

Supported living isn't necessarily the first thing that comes to mind when we think of HMO investment but what if I told you that you could potentially double your profits from the same properties by following this model?

In this episode, I'm excited to be joined by Chris McDermott, one-half of NW Living together with his partner Cat. 

NW Living specialises in converting neglected properties into high-end accommodations for Supported Living providers. Over the last 5 years, they have successfully built a lifestyle business that allows them to prioritise family time alongside their passion for property development.

During our conversation, Chris and I discussed:

• The story behind their passion for HMOs
• How they transitioned from professional lets to supported living HMOs
• The challenges and learnings in doing supported living HMOs
• The Importance of making the right connections with charities and asking the right questions when getting finance
• Compliance constraints you need to be aware of when working with charities

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