A House in Multiple Occupation (HMO) offers a way for landlords to diversify their rental portfolio. Vincent Burch puts forward five reasons why they will make the ideal addition
Have you considered adding a House in Multiple Occupation (HMO) to your property portfolio? It’s a property which is rented out to three people or more, each from separate households, and with shared facilities such as the kitchen and bathroom. The type of HMO people are most familiar with is student accommodation.
Nowadays, many landlords looking for ways to maximise yields and minimise risks are turning to HMO properties. Here’s five reasons why:
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