What’s HMO management? And why it’s so needed?

What are the legal responsibilities?

• Obtaining the necessary HMO license and guidance during the process;
• Check that your house meets all the space and facilities requirements for the number of tenants;
• Check the fire safety measures (smoke and carbon monoxide detectors);
• Help you with bureaucracies and documentation;
• Provide a free initial consultation call to clarify all your doubts regarding our service.

If managing just one tenant can be very tiring and stressful, imagine managing two or more on the same property. It’s like taking the usual problems and tasks and multiplying them by the number of people involved. We admit, it can be challenging and pretty much time-consuming for inexperienced landlords. Have you ever imagined doing Management, maintenance,  inspections and paying attention to all licensing requirements all alone? We understand that it doesn’t even seem like a suggestion! Nowadays, we have thousands of tasks to perform in our daily routines. And if it’s already hard to find time to think, imagine to manage everything. This is why it was crucial to create HMO management services and establish what landlords’ legal responsibilities are. The HMO concept (House in Multiple Occupation), came to explain this event where the same house is shared by more than one household, with separated rents. This concept is implemented by agencies as one management service, to outsource these tasks, and make the life of landlords easier, organized and of course, less stressful. What we do mean with this is: Why not leave Managing HMO’s to specialized professionals who will do everything for you? The hardest part of HMO’s management is undoubtedly the legal one. It includes several details and requirements that, if not met, can lead to huge penalties. But that’s why we are here; to help and ensure that no detail escapes you! Our HMO management service is renowned for being one of the most complete, and for being endowed with attentive professionals who are very detailed. So, here’s what our team we’ll do and check for you:

FULLY MANAGED *Includes Rent Guarantee! (Most popular) - 8% of agreed rent.

We will carry out all the necessary management of your property, from advertising with property portals, through to sourcing and vetting suitable tenants. All documentation is available to view 24/7 within your online portal, and most importantly, we do what we say we will do, and keep you up to date throughout the process.

Services included at no extra cost.

• Advise anything that should be done pre-letting. Discuss rental options and provide letting valuation.
• Provide access to Landlord portal including tenancy statements, any maintenance requests, property inspections, property certificate renewals etc. Ensuring you are always informed with the latest information.
• Create property listing, professional photographs, list on portals
• Pre-qualify all interested tenants against a criteria agreed with you.
• Attend viewings with a select number of qualified applicants, confirm eligibility.
• Complete comprehensive tenant referencing including affordability, credit checks, employment checks, previous landlord checks.
• Complete legally required tenant Right-to-Rent checks
• Confirm all required certifications EICR/GAS/EPC etc ready for letting, or provide contractors.
• Collect deposit to be lodged into a Government approved scheme and 1st months rent
• Provide a copy of all legally required information to tenants including, AST, EPC, Gas Safety, EICR, How to rent guide.
• Create an industry standard shorthold tenancy agreement (AST), signed by all parties. If requested/required, credit check a guarantor and create/sign agreement.
• Lodge tenant deposit within a government approved scheme and provide tenants with legally required prescribed information (prior to tenancy commencing).
• Inform the relevant council of New tenant details moving into the property, for council tax and HMO property licensing purposes
• Create a comprehensive photographic evidence based property inventory (prior to tenancy commencing)
• Collect monthly rent payments, forward income minus any deductions
• Manage any maintenance requests raised by tenants, engage with the landlord where appropriate to swiftly resolve.
• Serve any Legal Notices that may be required throughout the tenancy.
• Complete property inspections, intervals based on property condition and length of tenancy and requirements of local authority.
• Complete a tenant checkout at the end of the tenancy
• * Guarantee monthly rental payments (rent guarantee insurance), up-to £2,500 per month, plus legal costs for possession of property.

Tenant Find and Rent Collection - 6% of agreed rent.

Services included at no extra cost.

• Advise anything that should be done pre-letting. Discuss rental options and provide letting valuation.

• Provide access to Landlord portal including tenancy statements, any maintenance requests, property inspections, property certificate renewals etc. Ensuring you are always informed with the latest information.

• Create property listing, professional photographs, list on portals

• Pre-qualify all interested tenants against a criteria agreed with you.

• Attend viewings with a select number of qualified applicants, confirm eligibility.

• Complete comprehensive tenant referencing including affordability, credit checks, employment checks, previous landlord checks.

• Complete legally required tenant Right-to-Rent checks

• Confirm all required certifications EICR/GAS/EPC etc ready for letting, or provide contractors.

• Collect deposit to be lodged into a Government approved scheme and 1st months rent

• Provide a copy of all legally required information to tenants including, AST, EPC, Gas Safety, EICR, How to rent guide.

• Create an industry standard shorthold tenancy agreement (AST), signed by all parties. If requested/required, credit check a guarantor and create/sign agreement.

• Lodge tenant deposit within a government approved scheme and provide tenants with legally required prescribed information (prior to tenancy commencing).

• Inform the relevant council of New tenant details moving into the property, for council tax and HMO property licensing purposes

• Collect monthly rent payments, if required

• Create a comprehensive photographic evidence based property inventory (prior to tenancy commencing)

What are you waiting for to make your lettings run smoothly?