You may have seen HMO investments increasing in popularity, even with recent legislation changes and COVID restrictions reducing rental demand in some areas. Before you decide if it is best to invest in an HMO instead of a standard buy-to-let property, we want to bring you the pros and cons of HMO investments, so that…
Question 1: How much do you want your letting agent to do? Finding tenants only service: These agents will help you find tenants for your property. They will market the property, show prospective tenants through, check references and write tenancy agreements. They may collect the first month’s rent and deposit. Finding tenants and rent collection service: These…
A house in multiple occupation, better known as HMO, is a property that is rented to three or more tenants, who aren’t part of the same household, that share amenities. The good news, HMO’s provide more people with affordable accommodation, while generating a rental income increase of four to five times your current return –…