The property rental market has seen a tremendous surge in demand for shared living spaces over the years. As a result, House in Multiple Occupation (HMO) properties have become highly sought after and significantly profitable for landlords.
As a landlord, it's your responsibility to maintain your rental properties to ensure the safety and well-being of your tenants. This includes providing adequate living space, basic necessities, and complying with all regulations regarding health and safety standards in your rental properties. However, if you own a House in Multiple Occupation (HMO), you'll have to go one step further to ensure that it is safe and comfortable for your tenants.
What is an HMO?
An HMO property is essentially a rental property that’s shared by three or more tenants who are not part of the same family. Each tenant will have their own private bedroom, but they’ll share the bathroom, kitchen, and living areas with the other tenants. They are usually chosen by young professionals and students who are looking for affordable accommodation with communal living spaces.
At carpe diem rooms, we offer a full range of HMO services to help landlords navigate and comply with the legal requirements.
Our services include:
HMO Licensing:
We assist with obtaining HMO licenses for properties with five or more unrelated tenants and ensure that all council requirements are met.
Property checks:
Our team conducts regular property checks to ensure compliance with legal HMO requirements such as fire, electrical, and gas safety.
Tenant Management:
We manage tenant duties such as rent collection, queries, and complaints, as well as effectively handling disputes to prevent legal issues.
Repairs and maintenance
We provide responsive maintenance and repair services to ensure a safe and comfortable living environment for tenants.
HMO Compliance:
We help properties stay compliant with up-to-date HMO regulations and inform property owners of any necessary actions to comply with new requirements
Potential benefits of using our Service:
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Higher rental income
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Reduced vacancy periods
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Reduced risk picture
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Flexibility and adaptability
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Better property management
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Potential capital appreciation
Investing in HMO properties can be profitable, but poses its own challenges. Carpe Diem Rooms offers a full range of services to assist with legal obligations and efficient property and tenant management. Our priority is to provide quality service to ensure compliance and tenant satisfaction.
Call us on 02033180929 or send us an email
