There is an easy way to calculate profitability and that is this – the last two rooms in a 5-bed or 6-bed are your profits. Anything less than 5 bedrooms is usually a waste of time because the rents won’t add up to much more than a single let after you take into consideration utility… Continue reading How to have a profitable HMO
Considerations for a successful HMO
So you’ve taken the leap and now you want to invest in a HMO – well done! Now comes the fun part – and perhaps the slightly less fun part, depending on how much you love administration(!). Your property needs to be safe for the housemates and the below are important considerations you must undertake… Continue reading Considerations for a successful HMO
What is a HMO?
The chances, you already know what a HMO is – but if you don’t, it stands for ‘House of Multiple Occupation’. Simply put, it is a property that is divided up into rooms which are independently let. You roughly have three target markets – Students, Working professionals and Benefit Claimants. It is important to establish… Continue reading What is a HMO?