Sarah Beeny Autumn 2017 - 41
refurbished and fully
tenanted by HMO
Heaven, Roger is
rent every month
brought up to date
by HMO Heaven, this
property is now let
and working hard
be disastrous and costly. Investment
properties are generally a person's most
valuable assets so, if you are going to
use an agent, it is essential to drill down
the detail with them.
Before you sign anything, be sure to
get answers to the following questions:
What is your HMO void rate?
When your rooms are empty, you don't
get paid. If the agent doesn't know their
void rate, they're not measuring it - time
to move swiftly on.
When and how do you inspect HMOs?
Unbelievably, some letting agents will
not inspect your HMO - even when
they tell you they have.
What are the fees and exactly
what do they include?
Dig down on this one. As well as
management fees, there are usually
tenant ﬁnd fees in entory fees assured
shorthold tenancy fees, tenancy renewal
fees and maintenance fees.
How do you ensure compliance with
statutory requirements and checks?
Remember that if your agent fails to
rene a as certiﬁcate or re ister a
deposit, you will be held liable.
Ignorance is not bliss.
Let your money work hard,
so you don't have to
The HMO Heaven team offers investors
a completely hands-free service, from
100% guaranteed returns to a hasslefree process from beginning to end.
o e of the eneﬁts include
hey ill ﬁnd suita le properties
for investors and refurbish them
cost-effectively to a high standard, using
their tried and trusted contractors.
They pay a guaranteed rent on the
ﬁrst day of e ery onth hether or not
the property is fully tenanted.
They take on tenant management,
so owners have total peace of mind
that their property is being properly
cared for and maintained.
Achieve 10-15% NET return
HMO Heaven can help you achieve
guaranteed net returns of 10-15% on
your property investment.
While other companies might promise
15-20% gross returns, these rates often
mask high management fees, high
maintenance charges and a number of
other fees that ultimately leave you with
a single-digit net return and a bad taste
in your mouth. Always check your net
returns after ALL costs.
Peter, a property investor who chose
HMO Heaven, says: 'I'm so glad I found
this agent. They are honest and do
what they say they will do. On top of
this, they are a joy to deal with on a
day-to-day basis. The returns are
better than I was achieving elsewhere,
too. Choosing them was the best
business decision I've made in a while.
They really are a breath of fresh air.'
Your steps to HMO success
To learn from the experts how to make
the most out of your HMO investment,
for your FREE guide.
FOR MORE INFORMATION
Find out how to achieve a truly
passive property income with the
Property Angels at HMO Heaven.
Call 01633 449 2000