Residing at a considerable distance from his property, Matt consistently relied on letting agents for property management. Unfortunately, the prior letting agent's lapse in attentiveness during routine HMO inspections resulted in the identification of several unresolved issues.
In light of the inadequate support from the agents, Matt made the decision to transition his property from an HMO to a buy-to-let arrangement, incurring a notable reduction in his monthly profits.
Fortunately, with the assistance of HassleFree HMO, the property successfully transitioned back to room-by-room rentals. Leveraging our complimentary refurbishment and decoration services, Matt's property not only experienced an enhancement in capital value but also provided a Guaranteed Rent exceeding the previous arrangement.
Prior to refurbishment, Matt's property exhibited the standard features of an HMO, characterized by magnolia colors. Addressing structural issues was imperative before tenants could occupy the space. In keeping with our consistent practice across all properties, HassleFree HMO fully funded the dressing and cosmetic refurbishment process.
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