Global Internet Management Consultant Achieves a 4X Increase in Monthly Rental Income and Buys Second Property
A Management Consultant working for a global internet company received a regular rental income from his long-term investment three bedroom properties, which were managed by another agent.
He came to us looking for an alternative to consistently receiving low monthly profits.
We showed him the possibility of increasing the rental income by four times by converting the property into a House in Multiple Occupation (HMO). And, best of all, he was able to raise the money for the conversion by releasing the equity in the property.
The result… the three-bedroom home was converted to a six-unit property each with ensuites and kitchenettes, plus a communal kitchen and laundry.
The rental income increased to £4850 per month, which allowed our client to buy another property that we converted to an HMO, which earned him an additional income of £4300 per month.
Reka Property UK – London, Albermarle Gardens Rm5
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Café Owner Reduces His Working Hours and Creates a Better Lifestyle with Increased Monthly Rental Income
A London Café Owner came to us looking to start property investing to supplement his income.
We showed him the innovative House in Multiple Occupation (HMO) alternative where his income would be significantly higher than renting a standard house.
We sourced a property for the client to purchase and showed him the level of income he could achieve on the property if it were converted.
The result…the project was completed on time and to budget to create a property with five units, each with ensuites and kitchenettes, plus a communal kitchen and laundry.
The monthly rental income is £4000 per month, which allowed our client to buy another property through that we converted to an HMO.
Now he is working less, has more income and a better lifestyle.
Reka Property Homes – Testimonial
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Property Investor Realises a 3.5X Increase in Rental Income by Converting the Existing Property to an HMO
A Property Investor came to us to increase the current rental income of £1800 per month, on his three-bedroom property in South Woodford, East London.
We converted the property into a House in Multiple Occupation (HMO), which included a loft on the new second floor, plus a six metre extension at the rear of the property.
The result…the property was converted to six units, each with ensuites and kitchenettes, plus a communal kitchen and laundry.
The monthly rental income is now £5250 per month.
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