Salford Property News
Who, How and Why of HMO investors
Dewi Jones
Jun 26, 2024, 14:00 PM
Around half of HMO (house in multiple occupation) landlords surveyed said that they use their property or portfolio as their sole source of income.
Despite the challenges of managing HMOs, the survey revealed that nearly half of the properties were self-managed by landlords.
The most common HMO portfolio size was the smallest, with 34% having between 4-10 properties.
Despite proposed rental reforms and local authority licensing schemes, confidence in HMOs remains strong, with the housing shortage driving demand for well managed house shares. Source: Dataloft by PriceHubble, Landbay. June 2024
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This Blog looks at what is happening in the Salford and Eccles property market. We report on events and community news along with investment ideas and tips for those loosing to invest in the area.
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