Finance This, Property That
Finance This, Property That is your go-to podcast for expert insights and advice on building wealth through property investment.
Hosted by, Dion Fernandes, a seasoned finance professional with over 13 years of experience, each episode delves into the intricacies of property purchasing, offering valuable tips and strategies for those looking to create wealth through real estate.
From basic questions to advanced technicalities, Dion brings on trusted advisors and specialists in their fields to provide listeners with practical knowledge and actionable steps.
Whether you're a first-time buyer, a seasoned investor or simply looking to expand your property portfolio, Finance This, Property That is here to empower and educate you every step of the way.
Finance This, Property That
Episode 17 - Rooming Houses 101 with Harry Imam
Duration: 27 minutes
Episode Summary:
In this episode of Finance This, Property That, host Dion Fernandes dives into the intriguing world of rooming houses with property expert Harry Imam from Hugo Alexander Properties. Harry explains what makes rooming houses a unique investment opportunity, breaking down everything from the fundamentals of the property type to its impressive rental potential. They discuss the benefits of rooming houses, including lower costs, individual leasing, and affordability, making them a desirable asset for investors and renters alike. Dion and Harry also tackle common misconceptions, explore the regulatory aspects, and discuss the differences between rooming houses and traditional rental properties, ultimately highlighting how this investment can contribute to building financial legacies.
Episode Breakdown:
0:00 - 2:30 | Introduction
Dion introduces the episode and welcomes guest Harry Imam, a seasoned property professional from Hugo Alexander Properties, specializing in rooming house investments.
2:31 - 6:00 | Meet Harry Imam
Harry shares his journey in real estate, from project management to sales, and his focus on rooming houses as a niche property product.
6:01 - 12:00 | What is a Rooming House?
Harry explains rooming houses in layman's terms, describing their evolution from traditional boarding houses and highlighting the modern amenities that make them similar to fully equipped apartments, with perks like inclusive bills and no shared bathrooms.
12:01 - 15:30 | Tenant Demographics and Cost Benefits
The conversation explores the typical profile of rooming house tenants and why the product appeals to solo renters, students, and professionals looking for affordable, low-maintenance living.
15:31 - 20:00 | Investment Potential: Comparing Rooming Houses and Traditional Rentals
Dion and Harry break down the rental income of rooming houses compared to standard five-bedroom rentals, showing how rooming houses can significantly boost rental income for investors.
20:01 - 23:30 | Common Misconceptions and Regulatory Insights
Harry addresses common myths about rooming houses, such as oversaturation and zoning restrictions, explaining how they fit into suburban landscapes and the protection of existing properties from future regulation changes.
23:31 - 25:30 | Managing Rooming Houses
A discussion on property management, from compliance to ensuring tenant turnover, and the essential role of property managers in maximizing rental income and maintaining tenant satisfaction.
25:31 - 27:00 | Closing Remarks and How to Connect with Harry
Dion provides a reminder about seeking personalized financial advice and wraps up with Harry sharing ways to reach out for more information about rooming house investments.
Key Takeaway: Rooming houses offer a unique investment avenue with lower initial costs, higher yields, and a growing tenant demand. For investors, they can be a strategic asset for generating sustainable wealth and building long-term financial security.