Feature Focus: Improved HMO Support

Property rental can be a complicated business. Similarly keeping track of rented property can be too. One example of that is when one property is actually let out on multiple tenancies.

This might be because the property is a house of multiple occupation (HMO) or perhaps you’ve just chosen to rent out the garage separately from the house or flat (for example).

From launch PaTMa has supported these scenarios by allowing multiple active tenancies to be recorded against a single property. Each tenancy keeps track of the tenants, rent and other details independently.

With our recently released updates, you can now be more specific about this – choosing to mark a property as “multi-unit” when you want to keep track of multiple units that are separately rented out.

Once you’ve marked a property as multi-unit, you can add each of the units, along with a label.

Unit list screenshot

After that, each new tenancy can be allocated to a specific unit within the property.

Along with the ability to create the units within a multi-unit property and track tenancies against each of them, this feature also uses the extra information to improve your property dashboard statistics.

Property occupancy rate

Your current occupancy and historic occupancy levels will now include each unit separately, making them much more accurate for HMOs.

Property Podcasts

There’s always more to learn in the field of property investment. Thankfully there are some amazing resources available for free online. This post is focussed on the podcasting subset of those resources.

There’s some fantastic knowledge and experience being shared on a weekly basis and published completely for free. As podcasts are just audio they’re fantastic for learning while you’re also doing something else. Perhaps on your commute, while running or doing a few household chores. A brilliant way to double the value of your time.

So let’s get started with our list of recommended property podcasts…

The Property Hub Podcast

Hosted by the two Rob’s, I think this has to be best known and oldest property podcast around. At the time of writing they’ve published 268 episodes of their main podcast and a further 135 of their Ask Rob and Rob series. That’s an incredible 403 podcast episodes available for free and packed full of property insights, expertise and entertainment.

Inside Property Investing

This is another property podcast that’s been going for multiple years (although only slightly longer than the next one). The host is Mike Stenhouse and most episodes are in the form of an interview, although that isn’t always the case. Guests range from industry experts sharing in-depth knowledge to property investors with great stories, personal experiences and lessons.

The Property Voice

This is the youngest of our three, but it’s still been going for over three years. Hosted by Richard Brown, the format of this one varies a bit more than the others. Whatever the format though, the episodes provide insights into all manor of property related subjects; covering property investment strategies to technology to news and wider investment topics.

Feature Focus: Mortgages and Valuations

A critical part of most property investments is finance, more specifically mortgage finance. Whether it’s essential to afford your investment or you’re using it to amplify/gear your returns, there’s a good chance you’re using a mortgage.

Hence keeping track of your investment mortgages is an important part of managing your portfolio.

PaTMa includes the ability to record all of your mortgages and property values.

Key Benefits

  • Automatic reminders before fixed rates end – save hundreds of pounds with plenty of time to arrange a new deal.
  • View your current debt/equity ratio and totals at any time.
  • Instant visibility via great looking graphs for your whole portfolio.

Portfolio Graph

Portfolio equity graph

Instantly see the current status, using your current mortgage balance and latest valuation, of your portfolio wide borrowing.

Above is a sample of one of the graphs you’ll see in your dashboard once you’ve started adding valuation and mortgage data to your properties. In your dashboard you can hover over either segment to see the monetary value of your borrowing or equity.

Mortgage Reminders

Every property in PaTMa has a space to store current mortgages or other loans you’ve taken out against it. Simply set the “fixed rate end date” and PaTMa will automatically email you three months before it’s due to expire.

You’ll have plenty of time to evaluate the impact of the mortgage reverting to a standard rate (we’ve got some exciting tools coming out soon to help with that). If you decide to find a new deal, you’ll still be in time to get in touch with your mortgage broker.

Valuation History

You can store as many valuations as you like against each property. So you can keep it updated as things change or go back and fill in your property’s history. Either way you’ll be able to easily see how your investment value has changed.

You can also see a visual representation of how each property and your entire portfolio has performed over time. Great for spotting trends and getting an idea of where the future may be heading!

More Great Features

PaTMa is full of great features to save you time and money when managing your property investment portfolio. For a limited time, get a lifetime 10% discount on any PaTMa subscription if you sign-up before the end of June 2018 and use the discount code SPRING2018.