High yielding property investments
Letting HMOs can deliver greater yields for investors, but is subject to stricter and more complex controls than general residential letting. HMOs are properties let to 3 or more unconnected people and include student lettings – Cairn’s area of expertise. Demand for student properties always outstrips supply, so if landlords can comply with the legislation, voids will be minimal. If the property delivers on quality, rent levels will be at the higher end of the spectrum.
How we add value
At Cairn we sympathetically refurbish the property to comply with all the HMO Legislation. Work is fast, efficient and on budget. We project manage all work in house to retain complete control. Our expertise in building warrants, planning permission and variations to HMO properties will help deliver a property ready to win an HMO licence.
Cairn’s expertise has been growing along with the sector – the legislation came into force in 2000 and we immediately started building our reputation and knowledge, working closely with the local authorities and with landlords. Cairn’s programme of property maintenance and ongoing tenant management and training has been developed to ensure you deliver under your obligations as an HMO licensee and landlord.
Look at HMO Development for a summary of Cairn’s input.
Understanding the sector
Scottish Executive: A Guide for Landlords gives the history of the sector and a full guide to the responsibilities each landlord will have.
HMO Letting with Cairn summarises how to take an initial investment through to HMO status and how to comply with the requirements of your licence.