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HMO Properties, An Investors Dream
For many students, at this time of year, as well as exams, thoughts turn to their housing situation for the following term.
Many who choose not to stay in student halls find themselves on the hunt for an HMO (house of multiple occupancy) property where they can share the property and costs with other students.
Currently there are simply not enough HMOs to meet demand. At Cairn, we’ve instances where we’ve had students waiting at the office door for opening to try and arrange accommodation for next term.
For investors, HMOs are a great investment. You’re pretty much guaranteed tenants all year round and healthy profits can be made from them too.
To give an example, last week we listed an HMO property, with four bedrooms, in Edinburgh. The advert for the property went online at 3.30 on Friday afternoon and by midday on Monday we had a list of 18 groups of four people waiting to view the property.
Buying to let, especially near colleges and universities really is a sound investment and one we’d advise any investor to seriously consider.
If you’re an HMO landlord looking to let your property for next term please get in touch with us, the reputable provider.
In addition, if you’re thinking of buying an HMO property, as a recognised provider we can help you source, and sympathetically develop, if required, a suitable property within your budget.
You can contact us several ways, through our website, via email, or by calling us on: 0141 270 7879. In addition you’ll find us on Facebook, Twitter, and LinkedIn where our staff will be more than happy to answer any questions you may have.