Houses in Multiple Occupation (HMOs) are becoming more and more in demand, especially with the rising costs of rents and properties in London. Many tenants are choosing HMO properties to reside in, providing potentially great investment opportunities for landlords.
Many landlords consider HMOs to be an inexpensive way to purchase residential space, maximising their income by finding tenants that are less concerned with the property itself and more concerned with the location. London is a prime example of this. As the property market is on the rise, some may find that they are unable to afford a house or flat by themselves, seeing HMOs as a more affordable alternative. Although individual rents are quite low, the occupational density is relatively high, meaning that yields of up to 20%(+) can be achieved for landlords.
However, HMO investment can come with its downsides, one of the largest being the heavy burden of property management that landlords are presented with. It can be difficult to handle so many tenants at one time and keep on top of your management, especially if it is not your full time role or you do not live locally. Instead, we are here to provide you with all the help you need in regards to HMOs and specialise in all aspects of property management.
With over a decade’s worth of experience and extensive knowledge of property management and council leasing in Kensington and Chelsea and the rest of London, we are able to deliver high quality services for every client. If you would like more information, please don’t hesitate to get in touch with us.