A HMO (House of Multiple Occupation) is a property that is occupied by three or more people forming two or more households. Facilities in HMOs such as kitchens and bathrooms are usually shared. HMOs can include bedsits, shared houses and some self-contained flats.
As a landlord, it’s natural you want to maximise your rental income; turning your property into an HMO is an excellent way to achieve that. However, the ever changing regulatory environment can be complex. Each HMO must demonstrate it complies with local and national HMO legislation. For example:
- Landlord Gas Safety Certificate (annually)
- PAT Testing (annually)
- Fire Alarm, Fire Extinguisher and Emergency Lighting checks (annually)
- Fire Risk Assessment (annually)
- Electrical Installation Certificate Report (every five years)
- EPC (every ten years)
At Propertylink, we not only take on the time-consuming work of running HMOs but we also manage the legal requirements too. Our specialised management software is designed to manage all aspects of HMO properties. This enables us to fully manage the tenants, room availability, marketing, viewings, tenant enquiries, property management, maintenance works, invoicing, tenant rent reminders, rent collection, and all other financial aspects.
Our end-to-end HMO services include:
HMO conversion project management - converting normal homes into HMOs can be a daunting task as there are many factors to consider. Each council has different rules and regulations and each area has different requirements based on the strategy you want to undertake. We can manage the entire project for you from planning to construction to completion.
HMO applications and licensing - We take care of the finer details relating to the licensing application from the initial form-filling, arranging necessary certificates, inspections, payments to any work required to bring the property up to full compliance.
HMO management - Once your property is set up and the license has been granted, Propertylink can offer you an unrivaled management service and possibly offer you a guaranteed rent to secure your investment for the long term.
We look to provide landlords with more freedom with their investment, to create peace of mind by managing your property on a daily basis and creating truly passive income for you, the landlord.