We are often asked the above question as it can be the main motivation for investing in a House in Multiple Occupations (HMO). Because of this, we’ve outlined some explanations, considerations and information on rental yields and their role in the current HMO (UK) rental market.* What are rental yields, and why they are important…
Jeremy Hunt’s Spring Budget 2024 was anticipated by many, but perhaps none more so than those property developers and landlords amongst us who were eager to see what was contained in his red briefcase and what, if any, would be the implications of his proposals. Is it all doom and gloom? We have reviewed Hunt’s…
With over twenty years’ experience of property management, property conversions and HMOs, our MD Douglas Fokuo answers some of the most frequently asked questions about HMOs and outlines some of the most common mistakes people make when converting a property into a HMO, and also how to avoid them! Q. Why do people consider HMOs…
Rises in interest rates, changes in taxes and hikes in the cost of living. We have all read about these in the news recently and if we believe what we hear it seems that we are facing turbulent times, especially if you are considering becoming a landlord in 2023. Here at Reka, we are acutely…
Read how we helped a client convert a property into a profitable HMO. Read it here. Next Steps If you are looking for your next property investment, we may be able to help. Contact us below for more information: 020 3286 6468 admin@RekaProperty.co.uk This information is of a general nature and does not constitute legal…
When you find your new home, and you pay rent, there are certain responsibilities that fall under your remit, and there are those that your landlord must ensure are carried out. It’s good to know what your responsibility are and which are your landlords. This will help with ensuring that you have a professional and…
EPC Ratings. What you need to know and how to improve yours. EPC ratings for domestic private dwellings is changing, as the Government have recently pledged their commitment to be Net Zero by 2050, and to provide more energy efficient housing. As a landlord this affects you. Back in 2018, the Minimum Energy Efficiency…
Why consider a HMO as an investment option? A HMO can be a lucrative source of income for you if you find yourself in the fortunate position of owning or inheriting a property that is suitable for HMO conversion, or if you are looking to expand your property portfolio. The key question to ask is…
The way you manage your properties is changing. As of Monday 23rd January The Fire Safety (England) Regulations 2022 will be introduced. This is seen as an important step towards implementing the recommendations of the Grenfell Tower Inquiry Phase 1 report and pertains specifically for residential properties. It addresses concerns about external walls and flat…
It is the stuff of nightmares and a situation that all landlords dread – the call that tells you that your property has caught fire. Hopefully your tenants are all safe and unharmed, but what do you do next? At Reka Property Management, over the decades that we have managed properties we are sad to…