A property is classed as an HMO if three or more unrelated persons rents parts of the house, possibly sharing facilities like bathrooms and kitchens. Not all properties are suitable to be HMO’s and there are a number of extra regulations and costs but HMO’s can be substantially more profitable in comparison to standard residential lets. Many Landlords are now looking for HMO’s to be part of their portfolio’s in order to increase cash flow.
HMO’s have more overheads but can produce up to 75% more rental income and a ROI of 13% to 20%
Jacobs Properties, a sales and letting agent in Basingstoke has over 25 years experience of managing HMO’s. Many letting agencies will not consider HMO’s because they are more work, but we have the skills to develop, set up and manage HMO’s.
We take our responsibilities seriously and keeping you safe is our priority. Our team is fully Covid trained to meet government guidelines where each visit means sanitizing hands, wearing masks, keeping distance, wiping down surfaces and confirming all parties are free of Covid symptoms. Working together will help to keep us all safe.
What if you are shielding or simply not comfortable with a physical property visit?
Not a problem! We have adapted our services and now offer an on-line virtual viewing and valuation service.
If you are looking for a knowledgeable, experienced, modern sales and letting agency who intimately knows
Basingstoke and the region around the town, then choose Jacobs Properties.
With over 20 years of property experience in this area, our team are in the ideal position to help you realise a successful outcome.
For all clients we offer added-value services to help them every step of the way.
Any Questions: Just Ask!
Whether you want to find out more about Jacobs, arrange an appointment or just discuss your needs, just call during office hours or, if evening or weekend, request a callback at a time that works for you.
“As a long term overseas landlord you need to have great confidence in your managing agent. Jacobs in Basingstoke have given me that confidence from the outset, allowing me to enjoy a great life in Spain”- Keith – Overseas Landlord
With Jacobs Properties all the stress was taken out of the sale. Efficient, knowledgeable
“Going with Jacobs was an excellent decision. They found very good tenants and looked after any problems or maintenance issues, leaving me to get on with my life. Very happy to recommend them.”- Jon Smith – Landlord