Quiz Our AI Assistant Max Havan on R2R, HMO Investing, HMO Management, Fire Regulations, Tenancy Law, Investment Strategies or Landlord Compliance 24/7.

Here are some example questions to get you started.
 

Financial Questions
 

1. What’s the potential return on investment (ROI) compared to single-let properties?

2. What are the typical costs involved?

   • Conversion/renovation

   • Licensing

   • Ongoing maintenance

   • Management fees
      

3. What’s the average monthly cash flow after expenses?

4. How easy is it to finance an HMO?

   • Are specialist HMO mortgages required?

5. What’s the break-even occupancy rate?

6. How do void periods or tenant turnover impact profitability?
    

Property & Location Questions

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1. Is there an area in high demand for HMOs?

   • Proximity to universities, hospitals, or city centres?

2. What are the local rental rates per room?

3. Are there Article 4 Directions in place restricting HMOs?

4. Does the property need major renovations to meet HMO standards?

5. Are there enough amenities (bathrooms, kitchens) for the number of tenants?
    

🧾 Legal & Compliance Questions

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1. Do I need an HMO license for the property?

   • What’s the cost and process?

2. What are the minimum room sizes and amenity requirements?

3. Am I compliant with fire safety regulations?

   • Fire doors, alarms, extinguishers, etc.

4. What are my responsibilities as a landlord under the Housing Act?

5. How often are inspections and renewals required?
    

🛠️ Management & Operations Questions

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1. Should I self-manage or hire an HMO specialist letting agent?

2. How do I screen and manage multiple tenants effectively?

3. What tenancy agreements should I use (e.g., individual ASTs vs. joint)?

4. What’s my plan for maintenance and repairs?

5. How do I handle disputes or anti-social behaviour between tenants?
    

Strategic & Exit Questions

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1. What’s my long-term goal with HMOs?

   • Income, capital growth, or both?

2. Can the property be reverted to a single-let or sold easily if needed?

3. Are there upcoming regulation changes that could affect HMO viability?

4. How does this fit into my overall property portfolio strategy?