Sarah Beeny Autumn 2017 - 40
PROMOTION
Property
angels
Make £1,000 instead of £100
per property with HMOs
O
VER recent years, Houses of
Multiple Occupancy, or HMOs,
have soared in popularity
with investors due to the
hu e profits they can return t s not
uncommon to achieve returns 1,000%
hi her than sin le lets o e er there
are plenty of real-life horror stories
that tell us it s rarely plain sailin for
investors if they get it wrong!
Sisters Stephanie and Nicky Taylor,
of property investment company HMO
Heaven, will outline some of the pitfalls
and ho you can a oid the
The siblings have both worked in the
property industry for more than 20
years and in that time have experienced
ust a out e ery e entuality
Inspired to do better
After becoming frustrated by letting
agents who left rooms in their property
sitting empty while charging huge
fees, they knew they could do better
the sel es o they set up e portbased HMO Heaven, to provide the
service they expected to receive as
landlords: guaranteed rent, regular
inspections, a maintenance programme,
freedom from tenant management and
total peace of ind
Stephanie says: 'We chose Newport
in South Wales because house prices
offer excellent value for money and
the Cardiff Capital Region City Deal
is bringing investment of more than
illion to e port and the
surroundin areas lus the scrappin
of the Severn Bridge toll charge by
the end of 2018 will attract many
ore co
uters to the area
For investors new to HMOs, it can
e an o er hel in learnin cur e
Systems need to be in place to deal with
tenancy a ree ents protectin tenants
Sisters Stephanie
and Nicky Taylor
of HMO Heaven
'I'M SO GLAD I FOUND HMO HEAVEN. THEY
ARE HONEST AND DO WHAT THEY SAY THEY
WILL DO. THE RETURNS ARE BETTER, TOO'
deposits, maintenance issues, council
le islation as certificate rene als fire
safety requirements... and so the list
oes on
issions can e costly and
ay e en lead to prosecution
When it goes wrong
en experienced landlords can find
s challen in
or exa ple o er
bought two properties as a long-distance
landlord and handed them over to an
a ent ut it asn t lon
efore he had
to sack the agent after he was forced to
spend £24,000 repairing major damage
caused y a faulty sho er ad the
pro le
een spotted and fixed sooner
costs ould ha e een ust
o er says don t no ho a ents
justify their fees when the service is so
appallin
he a ent ust let thin s run
out of control and
as left to pay for
the ess
lad found
ea en
o er s story de onstrates that
choosing the wrong letting agent can
Table of Contents for the Digital Edition of Sarah Beeny Autumn 2017
Sarah Beeny Autumn 2017 - 1
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