Investors Guide - Specialist HMO

With the current pressures on the housing market and increasing complexities and costs for landlords, it’s easy to see why houses in multiple occupation (HMOs) are becoming increasingly popular with both property investors and tenants alike. That’s because, rather than renting out a whole property to one household, HMOs allow property owners to rent out individual rooms. If you’re considering investing in HMOs, there are lots of factors to consider before you take the plunge. Careful thought and research is needed. This course sets out what you need to be aware of and helps you get started with HMOs; however, it’s not intended as a replacement for expert legal or financial advice, and you’ll obviously need to do some homework on the specific HMO rules and regulations set out by your local council. I don’t say that to put you off. Far from it. I’ve had an incredibly positive experience of running HMOs. But, as with any investment strategy, it’s important to go into it with your eyes wide open. On the plus side, HMOs can deliver a great return on investment, usually significantly more so than a traditional buy-to-let. And I ’m testament to this myself. At the age of 24, I turned my house into an HMO, renting out multiple rooms to tenants while I was still living in the property. This first HMO was to be the start of my journey into property investment, and I now own a property portfolio worth more than £20 million. With hard work and careful research, and by working with experts you trust, your own property investment journey could be just as successful.