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  • HMO & Multi-Lets

    How to vet HMO management company?

    Hi

    Can someone help advice to vet an good HMO management company.

    I put an message on facebook and had quite a few people message me but don't really want choose someone who is not regulated and no credentials.

    Thanks

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    It really needs to be someone near the property. We use Cubit and West in Crawley for ours, so no use to you

    hopefully someone can help.

    Derek

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    This thread is a good starting point:

    How to vet a lettings agent ... 12 questions to ask 

    HMO management is a specialised niche and you would need someone who is fully conversant with all the legislation.

    It might be prudent to ask other HMO landlords who are specific to your area for a recommendation.  Perhaps ask on the HMO Group run by Ash Zuberi on facebook, and you could also take a look at No White Walls to see if they can assist.

    ​Hope you find those pointers helpful!

    Hope that helps?

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    Incase it's not covered when you ask for their charges also ask if they charge comission to their regular maintenance contractors. 20% is common and they may not consider it a charge to the Landlord but in practice some contractors have to add it on top of their costs. It's one of those tricky areas in terms of legaility if it is not transparent.

    All important stuff to consider when negotiating a mutually attractive managenent arrangement with an agent.

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    Rural Practice Chartered Surveyor. Experienced in estate management, residential investments, planning and development and rights for utility apparatus. All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    Is this a property you've already bought, or are looking to buy?

    Are you local to the property so you can manage?

    LA's make enough mistakes with tenant selection on single lets, so asking them to fill a house say with 6+ people that don't know eachother but will get on is a tall order!

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