There is a significant difference between property valuation of a residential property and your HMO (House with multiple occupation). The main difference comes from the perspective on how Surveyor/buyer analyse on the deal. They look it as a ‘business’ and not just the property so you need to make sure that the HMO is furnished, tenanted, cash flowing, and with a specialist HMO management...
If you are receiving sounds related complaints from your tenants then probably it's already too late to deal with those proactively This might be one of the most common complaints of HMO tenants. Noisy tenants can be a big problem for HMO landlords as these type of complaints very quickly become huge issues. Whether these noises are created through loud music, TV, parties, dogs, children coming to...
The property should be suitable for HMO conversion and should be in high yield area 1. Molds and Water Damages Almost all the properties are completely ripped off from inside to convert it into HMO so how property looks is not a factor you consider before buying your HMO investment property. Water-related damages on the other hand indicate that the property does require extra major repairs which...
Most of the people are not even aware of the fact that they have been losing money by managing their own HMO property. Here are the facts you should know 1. Property management is a major commitment One of the biggest reasons that you shouldn't be a hands on landlord managing HMOs or multiple properties is because of the sheer amount of time, energy, and money that will be involved. HMO by...