Lettings, Property Management and Professional HMO Management Specialists
What is a HMO?
A HMO (House of Multiple Occupation) is a property that is occupied by three or more people forming two or more households. Facilities in HMOs such as kitchens and bathrooms are usually shared. HMOs can include bedsits, shared houses and some self-contained flats.
A HMO property will require far more in terms of management as well as more to consider with initial investment to meet stringent health and safety regulations.
What We Do for you
Our specialised software and management system is specifically designed to manage HMO properties. This enables us to fully manage the tenants, room availability, marketing, viewings, tenant enquiries, property management and any maintenance works, invoicing, tenant rent reminders, rent collection, and all other financial aspects. When it comes to the property management of your property we also have access to various maintenance trades who are used to maintaining HMO’s and know that speed is very important when attending to issues in HMO’s to keep your tenants happy!
There are a number of benefits to renting your property as a HMO.
Having Apex manage your property as a HMO may be for you if you are looking to:
Gain more profit
HMOs are usually much more profitable than standard residential lettings. Rental income can be up to three times that of a single household. This does however mean that the management of the property is much more involved than a standard residentially-rented property. Apex can assist you with the legal obligations you must adhere to when renting out a HMO property.
As your managing agents we will also endeavour to reduce your costs through managing on going repairs, monitoring jobs, follow up on works, and do regular management and maintenance checks to ensure your property is well maintained at all times.
Receive maximum return from your investment
We will find you tenants and do everything required to set up the tenancies, as well as dealing with any maintenance queries, collecting rent and above all, complying with the laws and regulations of having a HMO property.
Minimise your risks and Comply with the Local Authorities regulations and health & safety codes
We will help you to ensure that your property is fully compliant and, where necessary, HMO licensed in accordance with local authority requirements.
We ensure your property is fully licensed, compliant at all times and correctly maintained in line with all of the health and safety regulations.
Clear Landlord statements
Using our specialist HMO software you will receive a summary at the end of each month highlighting all incoming and outgoing transactions. This will give you a clear view of your cash-flow from month to month and you will then have all of the right information to make appropriate and informed decisions regarding your property.