HMO stands for Housing in multiple occupancy and they exist where 3 or more individual tenants live in the same house which offers shared communal areas and kitchen space. It is a relatively new strategy in property investment and delivers high levels of income to the landlords.
They need a license to legally operate and there are certain regulatory and health and safety requirements that need to be adhered to. Failure to do so could result in hefty fines and even legal sentencing.
HMO Giant will guide you through all of the administrative chores to produce a fully compliant HMO to bring to market and then continue the service by managing the property and it's tenants. All that is left for you to do is to relax and enjoy your monthly profits.
The benefits of living in a HMO
Our HMO’s just happen to everything above and more.
A buy to let property investment which in the right area and well managed offers many benefits including; monthly cash flow, long term appreciation and tax benefits. A HMO investment requires more capital upfront but also delivers higher rental yields.
Our strategy involves leveraging our network of specialists, our expert knowledge of investment areas and lots of hard work in between but here it is in its simplest form:
- We source ideal properties and then secure the best deals by purchasing at 5%-10% (below market value).
- We add immediate value to the property and make it HMO compliant.
- Finally, we deliver giant returns for investors in the way of £30,000 - £43,000 per year.
Our proven strategy is already working for our investors and could work for you. We take great pride in our work and are passionate about producing the best product on the market.