HMO management isn’t like standard letting
As one of the most talented businesses specialising in HMO management Portsmouth has, we can help you with any issues that are giving you grief. We support landlords and tenants in the properties we manage with a personal service that is unrivalled by any other provider. Friendly and always willing to assist, our team is the one you can depend on.
Thanks to the inflated costs and an ever-expanding property market, fewer individuals are able to pool together the resources necessary to purchase their own premises. What this means is that a greater number of people are opting for shared accommodation in an effort to cut rent and bill prices.
Because of these growing figures, for those landlords seeking to make investments while producing income at the same time, purchasing somewhere that they can transform into a house in multiple occupation might turn out to be a genius move on their part. Despite the fact that rental yields can be more lofty and higher profits can be generated, there’s more to overseeing a HMO than meets the eye.
To be considered a HMO initially, three or more persons that all pay rent separately and share utilities must inhabit the premises. More expansive HMO’s that have five or more tenants present will require a license.
The rules that relate to HMO households tend to cause quite a bit of confusion. The reason why is that the terms within each local authority differ. In short, what may apply in one district might not hold true in another. It is for this reason why landlords should get in touch with their resident authority to determine what the requirements are prior to taking on any tenants.
At T1property, we are more than familiar with the rules and regulations surrounding HMO structures. Changes in the industry occur constantly, and when they do, the helpful and friendly service that we operate will keep you informed of crucial developments at all times.
If there’s anything you’re uncertain of, you’re welcome to come to us for assistance. We are the best for HMO management Portsmouth has because of our experience and commitment to customer service.