If you don’t have a house of multiple occupants (HMO) in your property portfolio, you should be considering it as part of your wealth building strategy. The single let property used to be profitable but it is becoming less and less so.
Definition of an HMO on Wikipedia extracted on 13 June at 11:14 am is a British English term which refers to residential properties where ‘common areas’ exist and are shared by more than one household. Common areas may be as significant as bathrooms and kitchens/kitchenettes, but may also be just stairwells or landings. HMOs may be divided up into self-contained flats, bed-sitting rooms or simple lodgings.
As you may know, at Benjamin Property Services, we provide the sourcing and negotiated purchase of real estate in the London and/or Kent areas. You can click to complete the Investment Sourcing form or Request a Callback so that we can identify the brief as part of the house of multiple occupants.
This is actionable content for the house of multiple occupants strategy in the UK.
To read the rest of this article become a member of the Property Business Club.
There’s also a promotional offer in this exclusive content.
Or Sign-in to your account to access the content and special offer.