Many people think that investing or living in a House in Multiple Occupation has many downsides and there is no way that you should get caught up in it. However, this is far from the truth, but the positives are much more than the negatives because if it is done properly and everyone stays within the UK regulations, then everyone comes out the other end very happy and that includes landlords and renters. It is a massive growth market in the UK and it will continue to grow for the foreseeable future.
It is best, however, to deal with HMO letting agents in Portsmouth, as they know the ins and outs of this area and they are better able to deal with landlords and tenants. Here are some of the advantages of using them.
- They can deal with the issues of living in housing where the common areas are shared. There are rules and sometimes tenants don’t follow them. The letting agent will address and fix these issues.
- Your letting agent collects rent for you and deals with anyone who is late or doesn’t pay that month. As a landlord, this is not an area that you want to have to deal with personally.
- When units are unoccupied and costing you money, your letting agent will pull out all the stops to get another tenant in there, but one that they know is reliable and can pay their rent on time.
The HMO letting agent is the way to go for a tenant and a landlord and they keep both parties happy.