Originally published at: What is an HMO? How Do I Convert My Property?
Thinking about converting a property into an HMO? It can be a great way to increase your rental income, but there are some important things to be aware of before you jump in. Here you’ll find an overview of the legal requirements and the kind of building work you might need to carry out. We’ll…
A good summary. I would add though that HMOs need a lot of management and a robust personality. The penalties for mistakes also tend to be more severe, so unless you have the time and the energy for this, I’d think again.