There are two specific market places for HMO’s that many landlords prefer to choose to become involved in, either professional HMO's or student HMO's.
After the first year at University, second year students generally prefer to share with other students and move into a house share, these houses are typically HMO’s.
Landlords can expect a return on investment from 10% to 25% with a rental return up to 75%
The rental marketing has changed significantly over the last few years for working professionals as more and more working professionals are choosing to house share, providing a more cost-effective way of living.
With the changing room rental market and thankfully legislation, the image of dingy, damp rooms in cold houses are no longer an option for a landlord wanting to rent out his rooms. Instead what has emerged are energetic, vibrant landlords providing high quality rooms in sociable house shares where the communal areas are a great place to relax in the evenings. For Landlords investing in the Professional HMO Market, they can expect a return on investment from 10% to 25% with a rental return up to 75%
A HMO is an entire flat or house that is let to 3 Tenants or more who live as two households or more and share a kitchen, a bathroom and/or a toilet. From 1st October 2018 all one and two stories properties are mandatory licensable where there are at least 5 tenants forming 2 or more households.
Here at Room Rentals, the values of honesty, integrity, flexibility and professionalism underpin the service we provide to landlords and tenants alike. Check out our positive feedback that we have received from our happy clients at Room Rentals.
Having worked with Room Rentals for a few years now, I have been continually impressed with their professionalism, reliability and efficiency in sourcing great tenants for my portfolio of rooms. Having such effective support has enabled me to focus more on other aspects of the business, knowing that the lettings operation is in safe hands.”
A huge thank you to room rentals for their continual professional service they provided while I lived in Southampton . Cannot fault this company for their friendly and professional services, I would definitely use this company again and would recommend to anyone
Room Rentals – Aw amazing new as I’d really like to go with your agency because you’ve been so nice
Room rentals provided me with a very positive experience for my first 6 months in the UK. They are very professional and have a hands-on approach. They always try to solve every problem as soon as possible and make sure the tenants are comfortable in their homes. I am very happy to recommend Room Rentals to anyone who is looking to live in a shared house.
Hi Jane, This will be the 7th time I have moved rented accommodation and as a result I’ve dealt with lots of different letting agents and I just wanted to say that you are the most lovely and helpful letting agent I have ever come across by a mile!! Thank you!
I can not tell how grateful I am for everything that you did today. I was totally disappointed of having a room before the next week, but you made it possible. I should thank you and your team a million times for everything.
I once again thank the whole team making my stay for almost 3.5 years so smooth and easy. If I look back and count I have referred 14 colleagues of mine in 3.5 years for accommodation and all of them are very happy and thankful to you. They left for new engagements at work and to new locations - lastly it’s my time, moved to west midlands :)
Thanks again to all of you.