Manage and Maintain a HMO Property
We can provide advice & guidance to successfully manage a HMO property from 4 bedrooms to 350 bedrooms.
Everything you’ll need from start to finish. Become a confident property manager. Know your area, know your properties and know your stuff.
What you need to know before you start:
- You must have knowledge of the legislation and standards that apply to an HMO and the requirements involved in licensing a HMO property.
- Understand Article 4 Direction
- Understand the HMO ‘fit and proper person’ guidelines
- Have enough time to keep up to date with current and changing legislation
- Have knowledge of HHSRS, (Housing Health and Safety Rating System) and the ability to check & identify health risks & safety hazards, then take action to resolve any issues a.s.a.p.
- Knowledge of how to reduce the risk of Legionella
- Have a good team of contractors & service providers that you can call upon – people that you can trust and rely on to help maintain and manage the service you are delivering
- Be prepared for hard work
- Must be highly organised to be able to keep on top of safety certification and regular checks as well as the project management of refurbishment and updating properties
- Have knowledge of the procedure around regular inspections and the required safety checks that must be carried out
- Have knowledge of fire safety, have a good fire safety officer to work alongside
- Must be a ‘people person’ and have experience of dealing with people.
- Confident in your ability to identify good & bad tenants from initial meeting and further investigations
- Able to fill an HMO property with tenants “successfully” i.e. with thought and sense
- Able to act calmly in emergency situations. Be located near the HMO you’re managing or have emergency plans in place.
- Have knowledge of anti-social behaviour, and the ability to resolve disagreements and conflicts (prevention in the first place is paramount)
- Have good problem-solving skills, be able to take responsibility and respond appropriately to new situations as they arise.
- Have a degree of patience to be able to work alongside the local council for licensing
- Knowledge of waste management & waste management policies
- Must love a challenge
Are you Ready?
Being an HMO property manager is far more challenging than being a standard family rental property manager. From the start there is a lot of things to consider when creating, filling and looking after an HMO property. All of it is important if you want it to work out.
However, if you set everything up correctly from the outset, then being an HMO manager is more rewarding, especially when it’s working well.
Once your HMO is full the only things to consider is regular checks and making sure all certification is up to date.
Out of all the different types of property letting strategies, letting rooms in an HMO is by far the best.