Either an existing landlord looking at switching your current buy to let homes to shared houses in order to maximise returns, or you are at the start of your property investment journey and want to become a professional HMO landlord. Either way, HMOs are fairly new to you.
Then this is the book for you
This book has been put together by Nick Fox, who, with more than 500 individual rooms let in the East Midlands is one of the UK’s most experienced HMO portfolio investors. This is a comprehensive and more detailed/in depth version incorporating his first book, ‘HMO PROPERTY SUCCESS’, and is aimed at specialist property investors who are looking to concentrate on the niche House in Multiple Occupation (HMO) market.
HMOs (shared houses) require different investment strategies and management skills to letting ‘standard’ buy to let homes.
The financials behind the investment are also different and most local authorities apply tougher safety and management rules to HMOs than they do to other properties.
This book takes you through every step of understanding HMOs as an investment, sourcing, acquiring, letting and then managing them in such a way that you maximise your returns. It also guides you through how to ensure you are compliant with all your legal, financial and tax obligations.
The HMO market is vast and growing. Modern HMO properties are slick and fashionable homes, let by professional landlords to young professional people or students. This book will teach you how to provide decent homes for multiple tenants while realising high yields and profits for yourself.