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.
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.
“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
and enthusiastic.
“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
Sales: 01256 781 300