HMOs with 6 rooms in London

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    HMOs with 6 rooms in London

    Are properties like this a no brainer investment usually in London?

    There should always be demand for rooms right?

    Maybe more so in future due to how expensive flats/ houses are to rent?





    #2
    No brainer investments that are available are always worrying.
    When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
    Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

    Comment


      #3
      HMO + Brainless owner tends to result in owner with criminal record!

      Comment

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      • What are the fire checks: 4 bed HMO
        bengal
        Setting up a 4 bed HMO

        We've installed interconnected smoke detectors in all rooms, have smoke alarms on each level in hall ways, co2 alarms in relevant rooms and heat detector in correct room - can't recall if kitchen or hall as writing this on behalf of partner who did it as recommended...
        12-07-2018, 11:39 AM
      • Reply to What are the fire checks: 4 bed HMO
        leaseholder64
        If you are leaving the country you must have appointed a manager for the HMO, and put up notices giving details of how to contact them.. They are the ones responsible for ensuring that testing is being done.
        18-08-2018, 10:35 AM
      • Reply to What are the fire checks: 4 bed HMO
        jpkeates
        Part of the mandatory requirements for the manager of an HMO is to have carried out a Fire Risk Assessment (or to have one carried out).
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        18-08-2018, 08:36 AM
      • Single AST agreement or not??
        Gillmstar
        hi, would really appreciate some info from an experienced HMO landlord on this one.. I’m acquiring my first multi let property, do you think a single AST agreement will be fine for 4 tenants who may not know each other? Or is this something to stay away from and have a unique agreement for each room?...
        20-02-2018, 16:11 PM
      • Reply to Single AST agreement or not??
        jpkeates
        That's going to be difficult to manage.
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        18-08-2018, 08:32 AM
      • HMO avoidance
        cupcake78292
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        10-08-2018, 13:46 PM
      • Reply to HMO avoidance
        DPT57
        I think youre misinformed cupcake.
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        17-08-2018, 21:02 PM
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        rentreviewspecialist
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        08-08-2018, 16:16 PM
      • Reply to HMO question
        DPT57
        The ground rent payable on a leasehold property should be set out in the lease. Ive never heard of one where it was linked to the use of the property or the amount of rent received. What exactly does the clause in your lease say?
        17-08-2018, 20:38 PM
      • Reply to What are the fire checks: 4 bed HMO
        leaseholder64
        Weekly is the advice for owner occupiers and offices, so I don't see how you could argue for anything longer.

        Weekly testing is something that building manager can do for themselves, or could even be delegated to a tenant, although in that case definitely get a log book to prove it is being...
        15-08-2018, 11:12 AM
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