HMO stands for houses in multiple occupation or houses of multiple occupancy. This kind of let involves three or more tenants who are not a family and so there are shared facilities such as bathrooms and kitchens in the property. Often it is students sharing a house while studying but it can also be any individuals who are happy to share living space with others.

Taking the decision to renovate your rental property is a major financial and logistical step.

Here are some top tips on how to succeed in your re-vamp project –

Being a landlord involves navigating the many different options available to you and coming to the right conclusion as to what’s best for your requirements. Choosing the right kind of insurance policies is one such decision to be made. Check out this handy guide on insurance for landlords…

Now that the autumn has well and truly arrived, there are some things that you may need to be aware of as you look to keep your rental property in good condition through the colder weather months.

One of the main causes of stress for landlords is when their tenants fall into rent arrears and are either late or unable to make the payments. There are several ways that you can prevent this from happening so that there is minimal disruption for both you and the tenant.

If you’re starting out in the world of property letting and are looking to make a good investment in this area, then there are some things you need to do to make it work well.

Buy-to-let is one of the most popular areas of property investment. Over 2 million people own property which they let out for income in the UK. Why? Because it can be hugely rewarding!

Finding the right property is crucial when it comes to investing in buy-to-let property. Your decision at this stage can have big influences on your profit down the line, no matter how well you develop or market the property.

So the question is – what should you look for in an investment property?

When you have a property you wish to let out, you have two options – HMO or single let. A HMO (House of Multiple Occupation) is when a property is occupied by three or more people who do not form a single household, whilst a single let has one tenancy (often one person, a couple or a family). Both have advantages and disadvantages, but ultimately the right choice for you depends on the property and your circumstances.

Developing and renovating property is a fantastic opportunity for making some extra money in property investments. There are several reasons why you might want to renovate a property – to make it into a house you eventually want to live in, to make more rental income, or to sell it on for profit.