Are HMOs Still Worth It? Here’s Why This HMO Landlord Actually Wants Article 4 | Leon Hart: Ep 116
Eight years ago Leon Hart was working at Euro Car Parts, driving to Manchester after his shift for viewings and sleeping on horrible mattresses at weekends so he and his brother Kyle could paint student houses. Now the Hart brothers develop and own HMOs across the North West and fund them with private investor money. In this episode Leon explains how he got out of rent-to-rent, the daily posting habit that raised investor finance on and why he actually welcomes Article 4. He also talks honestly about the other side of it: £1.5m of bridging loans. 🎟️ Join us live at the Property Developer Show as we tour different cities across the UK in 2026! Don’t miss out on this incredible opportunity to connect, learn, and grow within the property development community. Register for free tickets at: https://propertydevelopershow.co.uk 🎟️ Commercial Property Expo is heading to Manchester on 4th November 2026! The UK's first must-attend event dedicated to the world of commercial real estate, investment, and development. Grab your free ticket at: https://commercialpropertyexpo.co.uk/ 🎟️ Annual Property Shoot is taking place on Friday 4th December in Derbyshire countryside, don't miss out: https://portal.propertydevelopershow.co.uk/annual-property-shoot.php 🏡 Partner offers for property entrepreneurs: PDBC: £50 off a 12-month membership: A dedicated discount club that gives property developers & landlords access to exclusive deals, discounts, and preferential rates on the products and services you use regularly. Use code: PDS to secure the discount: https://pdbc.uk/ GoHighLevel: 30-day free trial: Your all-in-one CRM and automation hub to manage deal pipelines, client communications, handle follow-ups and help you simplify your process: https://www.gohighlevel.com/property-developer-show 📱 Property Developer Show: https://instagram.com/propertydevelopershow/ https://tiktok.com/@propertydevelopershow https://linkedin.com/company/property-developer-show https://facebook.com/propertydevelopershow 00:00 Coming up 00:16 How he broke out of rent-to-rent 08:21 Property Developer Show 08:53 Commercial Property Expo 09:17 Why you need to be a bit delusional 11:02 How do you create that drive 17:45 What’s the secret to raising finance 21:53 £350k from 2 messages 27:10 The HMO that collapsed into the road 30:11 Annual Property Shoot Property Developer Buying Club 31:40 Are HMOs a strong model? 36:10 Advice to move from rent to rent to investing 38:12 How to get in touch Property Developer Show ©️ serves solely as a podcast platform. The perspectives and opinions presented by our guests, sponsors, and third-party contributors are independent and do not represent our own views, nor should they be considered as investment advice. We do not provide guidance on investment strategies for individuals or organisations. It is recommended that all investment decisions be approached with caution under the supervision of professional advice. Some episodes, descriptions, or related content may contain affiliate links. If you choose to use these links, Property Developer Show may earn a commission at no additional cost to you. Property Developer Show is a trading style of Voxity Media Ltd. ©️ 2025 Voxity Media Ltd.