Hey there, if you’re a landlord who lives outside of London and you’re thinking about managing an HMO, we’ve got some tips to help you out!

First things first, it’s super important to make sure you’re up to speed on all the legal requirements for managing an HMO. Depending on where your property is located, there may be specific rules and regulations you need to follow around things like fire safety, building standards, and tenant welfare. You’ll also need to get the right licenses and permits from your local council.

If you’re not sure where to start, don’t worry! One great option is to work with an HMO management company. These guys are experts in managing HMOs, and they’ll be able to help you make sure your property meets all the necessary standards and regulations.

Another option is to hire a local property manager to handle the day-to-day stuff for you. They can keep an eye on the property and deal with any issues that come up, which can be super helpful if you’re not able to visit the property yourself very often.

If you decide to manage the HMO yourself, it’s important to have a plan in place. This should include things like what your responsibilities are as a landlord, how you’ll take care of maintenance issues, what your strategy is for managing the property, and how you’ll deal with rent collection and tenant complaints.

It’s also worth keeping in mind that managing an HMO can come with its own set of challenges, like dealing with tenant turnover, maintenance costs, and rent arrears. But with a bit of preparation and a positive attitude, you can totally do it! And remember, at the end of the day, your goal is to make sure your tenants are happy and comfortable in their home. Good luck!