The Truth Regarding Social HMOs
We had a group of property investors from abroad this week. Majority had no idea what a social HMO was but were told by so called experts and course sellers to stay away. They thought the properties would be trashed. We chuckled and explained that every social HMO has a housing officer who monitors the tenants. Compare this to our professional HMOs in which we have plenty of drama. We have had an attempted suicide …a tenant stealing not just the bed…but the mattress and then begging us to let her rent again from us…
We just finished another Social HMO. This one will cash flow approx 15,000 per year net. No voids..no management…maintenance covered up to 5,000 per year. Regardless of a good economy or bad…there will be more and more need for Social housing in the UK…
https://www.zerohedge.com/news/2018-11-28/visualizing-surge-uk-homelessness
We believe this is one of the best ways to invest in UK property
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