When searching for buy-to-let property for sale, many landlords are tempted by HMO property investment opportunities. Running an HMO (house of multiple occupancy) provides the chance to maximise rental yield, by having several tenants in the one property.
However, successful management of an HMO requires know-how and dedication. If you’re considering becoming an HMO landlord, here’s a few key questions you need to ask yourself before committing.
Property Investment Opportunities – Questions You Need to Ask
The Realities of HMO Property Investment
Running an HMO is a great way to maximise rental yield. By having more tenants, you’ll be effectively increasing your rental yield by a substantial margin.
However, it’s important to be realistic about being an HMO landlord, particularly if you’re planning to manage the property yourself. It takes a lot of work and dedication, and for some, it can be a full-time job; particularly if you’ve got more than one property in your portfolio.
Make sure you do your research before looking for buy-to-let properties for sale. For further advice, it may be worth attending a property investment seminar.
The Buy2Let Shop in Bromley
If you’re looking for investment properties for sale, and you’d like some expert advice, talk to The Buy2Let Shop. We’re a team of specialist property investment agents in London, and we’re here to help you to find the right buy-to-let property for sale for your requirements.
We also hold regular property seminars, designed to provide valuable information about the current property market. To find out more, simply visit The Buy2Let Shop website today.