Multiply your profits with HMOs
HMOs can only be managed by specialist property managers who are willing to keep up-to-date with ever-changing legislation and have the systems in place to manage the higher turnover of tenants in a HMO and still manage the freshness and appeal of the property.
We have successfully managed properties in this format. It definitely requires more management and more maintenance costs, but done properly, that balances out with a sizable increase in revenue which justifies the additional layout. We do have the expertise and systems in place to manage such lettings.
Do call us to discuss.