HMO (house in multiple occupation) property investment offers a variety of benefits, and if you are considering making this type of investment we can provide the help you need to make a success of it. With our expertise in property management, we can help you to make the most of your portfolio. Here are some of the reasons why you should consider investing in a HMO.
- Large growth market. In the UK the government is actively promoting communal living, as well as the fact that housing benefit rules means people under 35 are entitled only to a room in a shared home. This has forced tens of thousands of people to search for cost-effective housing in the HMO market, from those on benefits to highly paid professionals. Some may even be people trying to save for their own mortgage deposit. There’s a large demand for HMO properties, meaning many opportunities for investors to find the right tenants.
- There is a lower risk of unpaid rent. Many people believe that the more tenants you have, the more risks you are taking. In fact, if you have one tenant in a house of five who fails to pay their rent on time, you still have the majority of your income, unlike properties with a single tenant. If you choose our guaranteed rent scheme, you are taking even less of a financial risk as you know your rent will always be paid on time no matter what.
- You have more freedom. As HMO properties are shared between a few tenants, you don’t have to move around from property to property to manage everything or deal with tenants’ issues such as repairs. If you own more than one HMO or need to save time, you may need the help of a property management company. As we specialise in property management in Hammersmith and Fulham and throughout the rest of London, we can provide all the help you need to keep your HMO property well managed and your tenants happy.