What is a H.M.O?
A house of multiple occupancy (HMO as defined by the Housing Act 2004) is a building (or part of a building) in which households share amenities like kitchen or bathroom facilities and where the living accommodation is occupied by persons who do not form a single household.
How we can increase your rental income
We can substantially increase your rental income monthly by maximising the potential by using our unique model. Unlike your regular high street agent, we maximise our clients rental income and pass on the profits to our landlords while charging a small manageable fee.
We can guarantee your H.M.O conversion will generate a higher net income then the traditional buy-to-let model.
Benefits of H.M.O management
Increase rental % yield
Add value to your investment
Reduce void periods
Discounted management fee
Example of a H.M.O managed property -
4 Bedroom House with 2 bathrooms, communal living room, communal kitchen/diner and a private rear garden in Tooting, London, SW17
Rent per month £2600.00
Management Fee 10% + VAT (£260.00 + VAT = £312.00)
Net Rent £2288.00 per month
Great Newport Ltd's H.M.O Model
Rent per month £3750.00
Management Fee 8% + VAT (£300.00 + VAT = £360.00)
Monthly Gas & Electric £150.00
Monthly Water Bill £25.00
Council Tax £100.00
Wifi Broadband £50.00
Net Rent £3005.00 per month
From the above two tenancies, our H.M.O model would net you £717.00 per month ( £8604.00 p.a) more than the regular buy-to-let tenancies. Thats a staggering 31% increase in income.