HMO Management Consultancy

The management of Houses of Multiple Occupation (HMO) is a very profitable way for letting agents and property managers to rapidly increase the number of tenancies under management and increase their rent roll. However the majority of letting agents across the country are ignoring this lucrative market, mainly because of a lack of knowledge and fear of the unknown.

Having a specialist HMO department in your business will not only help you to accelerate the growth of your agency – it will also position you as an expert in this growing market and give you a niche in your local town/city.

Of course you will require the legislative knowledge and training on the systems and processes to professionally manage HMO’s compliantly and with ease. Neil Baldock is a specialist HMO manager and in our own agency we have over 100 rooms under management across a portfolio of HMO’s which is rapidly growing. In our own town we are the “go to” agent for HMO Management and appear at the top of google when people are searching for this service. Furthermore we even receive referrals from other agents who are missing out on managing these properties and growing their lettings book.

With our training and consultancy for HMO’s you will be able to add this specialist line of property management to your streams of income. Our training is extensive but includes:

• Busting the myths surrounding HMO’s
• What is an HMO
• Licensing Criteria
• Fire Regulations
• Roles and responsibilities of the Manager
• Fee structures for HMO Management
• How to attract clients
• Where to market rooms to maximise occupancy
• Management systems
• HMO Documentation
• Guaranteed rent / Rent to rent strategies for HMO’s
• Much much more

Managing HMO’s will enable you to command a higher percentage management fee than single lets, become a market leader in this niche, increase your rent roll and manage multiple tenants within one location. The benefits of this to a property manager are that with a higher rent roll and percentage your income vastly increases per property and you will be managing a single site.

We can give you all the tools and training to launch your business into this sector and the systems and processes to make it a success. Get in touch with us to find out more.