What’s Better: a HMO or a Single Let Property?
If you’re considering renting out your property for other people to live in, then you face several choices between several different types of arrangement. Of these choices, among the most important is between a House in Multiple Occupancy and a Single Let agreement....
How HMO Properties Could Improve Investors’ Returns
As movement to big cities increases and demand for housing continues to rise, houses in multiple occupation (HMOs) are becoming very popular. HMOs, more commonly known as house shares, are a great alternative to house or flat rental where property prices are high....
HMO Refurbishment Tips
* If you’re looking at a planning gain. You will need 10 – 12 weeks from the point of completion before you start work, factor that into your holding costs. * Don’t forget the contingency, so many people think they’ll add a small...
Filling HMO properties
The main aim is to get as many people through the door as possible, so make sure you’re bumping up your adverts on your various advertising portals. Viewings & dressings Viewings – book your viewings strategically, show them all available rooms....
Sourcing the right property
It seems very self-explanatory but make sure you buy in an area of demand, ensure you have good local employment and good transport links. I have learnt from my mistakes, I took a punt on a few houses when I first started investing in HMO’s that aren’t in...