Tom initially entrusted the management of his property to a high street agent in Swansea. However, the rental income proved insufficient to cover the associated expenses, leaving Tom with minimal profits amid substantial mortgage payments and inclusive bills.
The situation worsened as one of the four rooms remained unoccupied due to minor structural issues, and another tenant vacated due to a job relocation. Ineffective marketing efforts by the letting agent resulted in only two out of four rooms being rented.
In response, HassleFree HMO intervened by taking charge of coordinating necessary building works to address the structural issues and overseeing the entire project, all before any formal agreement was signed. Remarkably, this comprehensive intervention was executed at no cost, reflecting our commitment to trust and the establishment of long-term relationships.
Furthermore, we revitalized all the rooms, resulting in a substantial increase in rental income. Leveraging our expertise in marketing, we swiftly filled the rooms, and the property has maintained full occupancy ever since.
Presently, Tom enjoys a monthly Guaranteed Income that not only covers all expenses but also significantly contributes to his savings, marking a noteworthy improvement in his financial situation.
Patryk is hard working and came up with a good solution for my HMO which meant I wasn’t loosing extra money per month but managed to rid most of the management headaches I was experiencing
- Tom Webster - Landlord
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