House of Multiple Occupancy
Also known as HMO, this strategy aims to house 3 or more tenants of different backgrounds in a residential property.
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HMO equals Cashflow
If you are looking for consistent monthly cashflow, you are looking in the right place. HMO's are great in any area as you are not only earning a consistent cashflow but you are also contributing to housing more people which in the UK. Instead of housing a family in a 3 bed house and receiving a rent of £1000 a month, you could house 4 individuals each paying £500 and making double the revenue.
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Three is better than One
HMO's can be great for people looking to live with friends or for landlords looking to share their homes and receive an extra rental income.This form of housing can also be a great way to help people who may be new to the area and are coming for work related tasks. It is a great way they can save money whilst simultaneously building a life for themselves making it a win-win for both parties.
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Housing Hardships
As great as they are, they are not permitted in every area in the uk unfortunately. In areas such as parts of London or Wolverhampton for example, a govenrmental enforcement called article 4 is in place to prevent this form of housing in some area of England in order to ensure there are still enough houses for families.
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Contact Us
For more information on a HMO's or how to invest in similar property strategies, contact us below for a free consultation and we can see how we can help you.
