The true key to making sure that you get the best return on investment is choosing the right management for your HMO. Some landlords choose to manage tenancies themselves which, while it may initially seem to be the most cost effective solution, can be extremely time consuming. Many new HMO landlords underestimate the time involved in liaising with tenants, coordinating repairs, and maintaining the property. Those who have more experience often find that once they clock up the worth of their time, against the costs of a managing agent, the latter is by far the better value prospect.
Here at Student Haus we take the strain out of HMO management for student properties, offering an all in one solution for tenant sourcing, management and rent collection. Find out more about our services.