HMO Management
HMO management is not the same as managing a simple buy to let. Legislation in this area has been piling in over the past few years and Councils see the potential landlord fines as a lucrative source of income. There are also areas, such as cleaning and preventative maintenance where keeping on top of things means lower bills in the longer term, maximising your return on investment. You need a specialist, with the skills and resources to be able to do all of things consistently, reliably and visibly.
Note that we don’t do ‘let only’ for HMOs, nor do we manage parts of houses!
Letting (Fee: three weeks rent plus VAT):
- Landlord and property compliance check.
- Proactive marketing on all of the main portals, our own website, specialist sites and social media. Automatic emails and texts to our existing tenant database.
- Rooms to Let Board.
- Professional quality photographs and floorplan.
- Pre-tenancy property checks to include H&S and Legionnaire’s risk assessment.
- Accompanied viewings and pre-vetting of applicants (ensure compatibility with other house tenants).
- Comprehensive referencing, Right to Rent, AML, PEP and Sanctions checks. Preparing and executing all pre-tenancy paperwork and processes to include ASTs, inventories, protected handling of move in monies and deposit lodgement.
Management (Fee: 15% including VAT per month):
- Monthly rent collection, statements and initial arrears chasing (pre-legal).
- Fire alarm and emergency lighting testing (weekly) – visual check and log.
- Communal area inspection (weekly) – fire doors (logged), exits, signage.
- Communal cleaning (weekly) – we arrange, landlord pays.
- Property inspection (quarterly), safety, condition, tenant compliance.
- Gas Safety Certificate (annual) – we arrange, landlord pays.
- Electrical Installation Condition Report (every 5 years) – we arrange, landlord pays.
- PAT testing (annual if required) – landlord appliances in shared areas – we conduct, landlord pays.
- Emergency lighting check (annual) – we arrange, landlord pays.
- Legionella risk assessment (initial + periodic) – we arrange and landlord funds testing if required (rare).
- HMO licence application/renewal – we / Landlord administers, landlord funds licence fee and an admin fee of £150 inc VAT if we are asked to apply and hold the licence.
- Record keeping & document filing – we upload to CRM, available for council inspection.
- Routine correspondence with landlord, tenant and authorities as required.
- End of tenancy procedures.
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