{"id":18203,"date":"2024-04-12T07:38:18","date_gmt":"2024-04-12T07:38:18","guid":{"rendered":"https:\/\/southsidemanagement.com\/?page_id=18203"},"modified":"2026-05-16T11:03:34","modified_gmt":"2026-05-16T11:03:34","slug":"benefits-of-a-hmo-property","status":"publish","type":"page","link":"http:\/\/aberdeenlettings.co.uk\/?page_id=18203","title":{"rendered":"Benefits of an HMO Property"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"18203\" class=\"elementor elementor-18203\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f4f21e1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f4f21e1\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-7af9042\" data-id=\"7af9042\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-0c39ad8\" data-id=\"0c39ad8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-1f61dbf\" data-id=\"1f61dbf\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-72246da5 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"72246da5\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6c7668cd\" data-id=\"6c7668cd\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-739fc95a elementor-widget elementor-widget-text-editor\" data-id=\"739fc95a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t<div data-elementor-type=\"section\" data-elementor-id=\"922\" class=\"elementor elementor-922\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3282cfd inner-page-banner elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3282cfd\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-accc92e\" data-id=\"accc92e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-aa1dc9a elementor-widget elementor-widget-spacer\" data-id=\"aa1dc9a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a662d60 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a662d60\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-78fb031\" data-id=\"78fb031\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-668df64 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"668df64\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-46be905\" data-id=\"46be905\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-16a8b7f8 elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"16a8b7f8\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-6735e589\" data-id=\"6735e589\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-25ca3a5a elementor-widget elementor-widget-heading\" data-id=\"25ca3a5a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Houses In Multiple Occupation (HMO)<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-19262479 elementor-widget elementor-widget-text-editor\" data-id=\"19262479\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>What is an HMO Property?<br \/><br \/><span style=\"color: #333333; font-family: Roboto, sans-serif;\">HMOs include residential accommodation (such as shared flats and houses, hostels, and halls of residence) which is the main home for three or more unrelated people.<br \/><\/span><br \/>Below are some of the benefits of HMO properties for tenants, landlords, neighbouring properties and, the local community.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-1d787570\" data-id=\"1d787570\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-370be1b0 elementor-widget elementor-widget-video\" data-id=\"370be1b0\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/youtu.be\\\/WXmfVWcfX9k?si=CKvpyk4KjN9Zp10t&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3358ed46 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3358ed46\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5ea3d644\" data-id=\"5ea3d644\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-48ac9d0d process-tabs elementor-tabs-view-vertical elementor-widget elementor-widget-tabs\" data-id=\"48ac9d0d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"tabs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-tabs\">\n\t\t\t<div class=\"elementor-tabs-wrapper\" role=\"tablist\" >\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-1211\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"true\" data-tab=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"elementor-tab-content-1211\" aria-expanded=\"false\">8 Benefits of converting your property to an HMO<\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-1212\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1212\" aria-expanded=\"false\">15 Benefits of Living in an HMO Property<\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-1213\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"3\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1213\" aria-expanded=\"false\">Benefits of HMOs for Suppliers <\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-1214\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"4\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1214\" aria-expanded=\"false\">Benefits of HMOs for Neighbours <\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-1215\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"5\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1215\" aria-expanded=\"false\">HMO vs Non-HMO: Pro and Cons<\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-1216\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"6\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1216\" aria-expanded=\"false\">What is a HMO? <\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-1217\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"7\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1217\" aria-expanded=\"false\">HMO Management<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<div class=\"elementor-tabs-content-wrapper\" role=\"tablist\" aria-orientation=\"vertical\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"true\" data-tab=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"elementor-tab-content-1211\" aria-expanded=\"false\">8 Benefits of converting your property to an HMO<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1211\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-1211\" tabindex=\"0\" hidden=\"false\"><div data-parent=\"#sp-ea-48539\"><h4><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-981430 size-full\" src=\"http:\/\/aberdeenlettings.co.uk\/wp-content\/uploads\/2026\/05\/Kitchen-Livingroom-5-of-13-01-300x212-1.png\" alt=\"\" width=\"300\" height=\"212\"><\/h4><div>\u00a0<\/div><ol><li><b style=\"background-color: transparent; color: var( --e-global-color-text );\">Consistently high demand: <\/b><span style=\"background-color: transparent; color: var( --e-global-color-text );\">Edinburgh&#8217;s growing student population ensures a vast pool of potential tenants for HMO properties, making demand relatively stable.\u00a0 The trend in peak periods also provides landlords with some predictability, allowing them to plan for events such as renovation works and upgrades between tenancies.\u00a0<\/span><\/li><li><b>Less impactful void periods:\u00a0<\/b>\u00a0With multiple occupants renting rooms simultaneously, the risk of void periods is reduced, as landlords continue to receive income from other occupied rooms.\u00a0 To further reduce void periods and costs, the flexibility to replace individual occupants within an HMO property where some tenants want to leave and others want to stay is beneficial.<\/li><li style=\"font-size: 16px;\"><span style=\"font-weight: bold;\">Higher rental yields and stability:\u00a0<\/span>Renting individual rooms in an HMO can yield higher returns compared to a single tenancy.\u00a0 Multiple tenants contribute to the overall rental income and can therefore provide landlords with a greater return on investment and stability.\u00a0<\/li><li><b>Security of joint and several tenancies:<\/b> Where groups of individuals rent on a joint tenancy agreement, this provides landlords with added security as the tenants share the overall responsibility of the rental costs.\u00a0 Additionally, student tenants often have guarantors, providing an extra safety net for landlords.<\/li><li><b>Larger market audience:<\/b>\u00a0By appealing to a broader range of potential tenants, this offers landlords a wider array of choices regarding the types of occupants in their properties-whether they are professionals, students, or families.<\/li><li><b>Portfolio diversity:<\/b> For property investors, HMOs provide another dimension to the overall portfolio which spreads the risk across multiple tenants.\u00a0<\/li><li><b style=\"background-color: transparent; color: var( --e-global-color-text );\">Property value: <\/b><span style=\"background-color: transparent; color: var( --e-global-color-text );\">HMOs tend to hold their value and, there is often the capacity to increase value through repurposing or adding rooms within the property increasing a landlord&#8217;s return on investment over time.<\/span><\/li><li><b>Safety and quality: <\/b>Clear licensing requirements ensure that HMO properties are safe, of good quality, and are well-maintained. This means that whether a landlord is managing the property themselves or using a professional agency, if they adhere to the legislation and regulations the safety of their tenants, their own liability, and their property will be in good shape!\u00a0<\/li><\/ol><\/div><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1212\" aria-expanded=\"false\">15 Benefits of Living in an HMO Property<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1212\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-1212\" tabindex=\"0\" hidden=\"hidden\"><p><img decoding=\"async\" class=\"alignnone size-medium wp-image-981431 lazyload\" data-src=\"http:\/\/aberdeenlettings.co.uk\/wp-content\/uploads\/2026\/05\/External-1-of-3-01-768x543-1-300x212.png\" alt=\"\" width=\"300\" height=\"212\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 300px; --smush-placeholder-aspect-ratio: 300\/212;\"><\/p><ol style=\"margin-top: 0cm;\" start=\"1\" type=\"1\"><li style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-GB;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-GB;\"><b>Social Opportunities:<\/b> Living<br \/>in an HMO gives occupants the change to mix, socialise and meet others,<br \/>providing an excellent opportunity to build connections and friendships.<\/span><\/span><\/li><li style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-GB;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-GB;\"><b>Affordability and homeliness:<\/b><br \/>HMO properties are often more affordable and homely compared to purpose-built<br \/>student housing.\u00a0 They provide a comfortable<br \/>living space for students and young professionals alike.<\/span><\/span><p><!--[endif]--><\/p><\/li><li style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-GB;\"><b>Cost sharing:<\/b> Sharing utilities<br \/>and living costs among more people can help tenants to save more money than<br \/>they potentially would living alone or with one other person.\u00a0 \u00a0<br \/><!-- [if !supportLineBreakNewLine]--><br \/><!--[endif]--><\/span><\/li><li style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-GB;\"><b>Increased safety and<br \/>security: <\/b>HMOs are subject to increased safety regulations, ensuring a<br \/>secure living environment for tenants, including regular safety checks and<br \/>a 24-hour emergency contact number. <br \/><!-- [if !supportLineBreakNewLine]--><br \/><!--[endif]--><\/span><\/li><li style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-GB;\"><b>The opportunity to live with friends:<\/b> HMO properties can home three or more unrelated people,<br \/>meaning that large groups of friends, often as many as six or eight and in some cases more, can<br \/>safely live together in the same property making the living experience more<br \/>fun and cost effective.\u00a0 <br \/><!-- [if !supportLineBreakNewLine]--><br \/><!--[endif]--><\/span><\/li><li style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-GB;\"><b>Flexibility: <\/b>Another benefit<br \/>of living with friends in an HMO property is that room sizes tend to<br \/>differ and tenants can decide between them how to divide the rent as it is<br \/>a fixed payment that goes to the landlord.\u00a0<br \/>In some instances, it may also be possible to replace a tenant with<br \/>another friend, in a situation where one of the occupants decides to leave<br \/>and the remaining occupants prefer to stay in the property. <br \/><!-- [if !supportLineBreakNewLine]--><br \/><!--[endif]--><\/span><\/li><li style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-GB;\"><b>Furnishings: <\/b>HMO properties come<br \/>fully furnished therefore, the added expense of buying furniture, white<br \/>goods, appliances, and other household items including cooking utensils is<br \/>removed, which can be particularly helpful for those moving into a rental<br \/>home for the first time. <br \/>\u00a0\u00a0<\/span><\/li><li style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-GB;\"><b>Location:<\/b> The location of<br \/>HMO properties tends to be in central areas making them convenient for students,<br \/>professionals, and families. <\/span><\/li><\/ol><p style=\"line-height: normal; vertical-align: baseline; margin: 0cm 0cm 0cm 36.0pt;\"><span style=\"font-size: 12pt; font-family: Arial, sans-serif;\">\u00a0<\/span><\/p><ol style=\"margin-top: 0cm;\" start=\"9\" type=\"1\"><li style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-GB;\"><b>Additional facilities:<\/b> The<br \/>requirement for 6-bed plus properties to have additional kitchen and<br \/>bathroom space, often makes living in slightly larger HMO properties more<br \/>appealing.<br \/><!-- [if !supportLineBreakNewLine]--><br \/><!--[endif]--><\/span><\/li><li style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-GB;\"><b>Waiting lists:<\/b> In some<br \/>instances, agencies operate a waiting list facility for available HMO<br \/>properties, where groups can apply before the property goes on the market<br \/>which increases the chance of securing a property, given there are fewer<br \/>applications. <\/span><\/li><\/ol><p style=\"line-height: normal; vertical-align: baseline; margin: 0cm 0cm 0cm 36.0pt;\"><span style=\"font-size: 12pt; font-family: Arial, sans-serif;\">\u00a0<\/span><\/p><ol style=\"margin-top: 0cm;\" start=\"11\" type=\"1\"><li style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 12pt;\"><span style=\"font-family: Arial, sans-serif;\"><b>Professional landlords:<\/b> HMO<br \/>owners are often professional landlords and therefore can be more<br \/>dependable in terms of repairs and upgrades and are less likely to sell<br \/>their property.\u00a0<br \/><\/span><\/span>\u00a0<\/li><\/ol><ol><li style=\"list-style-type: none;\"><ol style=\"margin-top: 0cm;\" start=\"12\" type=\"1\"><li style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-GB;\"><b>Utilising space<\/b>: Some landlords<br \/>see the potential to utilise space within a property to create additional<br \/>rooms, creating more available homes for tenants in the long run.<br \/><!-- [if !supportLineBreakNewLine]--><br \/><!--[endif]--><\/span><\/li><li style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-GB;\"><b>Increased response times:<\/b> Due<br \/>to the regulation required for HMO properties property checks and visits are<br \/>conducted regularly and maintenance and repairs are often resolved more<br \/>quickly.\u00a0 <br \/><!-- [if !supportLineBreakNewLine]--><br \/><!--[endif]--><\/span><\/li><li style=\"margin-bottom: 0cm; line-height: normal;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-GB;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-GB;\"><b>Improved response times:<\/b> Response<br \/>times and maintenance are often quicker for HMO properties due to the flexibility<br \/>of access.\u00a0 With more occupants<br \/>living in the property, contractors can often attend at shorter notice when<br \/>occupants are home without the need to arrange key access or a time when the<br \/>tenant is available.<\/span><\/span><\/li><li style=\"margin-bottom: 0cm; line-height: normal;\"><b>All-inclusive rental:<\/b> Some<br \/>landlords offer all-inclusive rent which reduces the hassle of arranging<br \/>utility and WiFi contracts for tenants.\u00a0<\/li><\/ol><\/li><\/ol><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"3\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1213\" aria-expanded=\"false\">Benefits of HMOs for Suppliers <\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1213\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-1213\" tabindex=\"0\" hidden=\"hidden\"><p>HMOs typically require more frequent maintenance and service visits due to the higher number of tenants. This leads to regular business for suppliers of cleaning services, repairs, and maintenance.<\/p><p>With multiple tenants, there is a steady demand for utilities, internet services, and other amenities, ensuring a more reliable income stream for suppliers.<\/p><p>Both landlords and suppliers must adhere to specific regulations and standards governing HMOs, which can ensure higher safety and quality of living conditions, ultimately benefiting all parties involved.<\/p><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"4\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1214\" aria-expanded=\"false\">Benefits of HMOs for Neighbours <\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1214\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-1214\" tabindex=\"0\" hidden=\"hidden\"><p>Requirement for a 24-hour number to be available to report emergencies and anti-social behaviour<\/p><p>Increased regulation mean that repairs and safety checks are constantly monitored to neighbouring properties<\/p><p>Often shorter tenancies so checks and repairs carried out more frequently between tenancies resulting in issues such as leaks from neighbouring property<\/p><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"5\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1215\" aria-expanded=\"false\">HMO vs Non-HMO: Pro and Cons<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1215\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-1215\" tabindex=\"0\" hidden=\"hidden\"><table>\n<thead>\n<tr>\n<th><\/th>\n<th>HMO (House in Multiple Occupation)<\/th>\n<th>Non-HMO (Single Let)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u2705 Higher Rental Income<\/td>\n<td>\u2713 Multiple Tenants = Multiple Income Streams, often significantly higher than single lets; license means a higher rent can be achieved.<\/td>\n<td><span data-huuid=\"190965503235649346\">\u2717<\/span> Typically one rent payment from a household &#8211; lower yield overall<\/td>\n<\/tr>\n<tr>\n<td>\u2705 Better Return on Investment<\/td>\n<td>\u2713 Higher Yield makes better use of space<\/td>\n<td><span data-huuid=\"190965503235649346\">\u2717<\/span> Lower ROI despite similar running costs<\/td>\n<\/tr>\n<tr>\n<td>\u2705 Demand from Students &amp; Young Professionals<\/td>\n<td>\u2713 Strong, consistent demand in most areas in Edinburgh due to 4 universities and opportunities throughout the city<\/td>\n<td>\u2713 Still in demand, by market appeals to a smaller pool of tenants<\/td>\n<\/tr>\n<tr>\n<td>\u2705 Reduced Void Period Risk<\/td>\n<td>\u2713 One tenant moving out doesn&#8217;t always mean full vacancy<\/td>\n<td><span data-huuid=\"190965503235649346\">\u2717<\/span> A single vacancy means full property is empty<\/td>\n<\/tr>\n<tr>\n<td>\u2705 Flexible Exit Options<\/td>\n<td>\u2713 Convert convert back to single let if needed<\/td>\n<td>Already a single let &#8211; simple structure<\/td>\n<\/tr>\n<tr>\n<td>\u2705 Ideal for Portfolio Growth<\/td>\n<td>\u2713 Higher cash flow supports faster expansion<\/td>\n<td><span data-huuid=\"190965503235649346\">\u2717<\/span> Slower cash flow limits growth<\/td>\n<\/tr>\n<tr>\n<td>\u26a0 Licensing &amp; Compliance<\/td>\n<td><span data-huuid=\"190965503235649346\">\u2717<\/span> More regulations to follow to reach and maintain standard<\/td>\n<td>\u2713 Less regulation, no HMO license needed<\/td>\n<\/tr>\n<tr>\n<td>\u26a0 More Active Management<\/td>\n<td>\u2713 More regulations mean property is kept and maintained to a higher standard<\/td>\n<td>\u2713 Less upkeep of certificates\/compliance necessary<\/td>\n<\/tr>\n<tr>\n<td>\u26a0 Higher Initial Setup Costs<\/td>\n<td>May require upgrades to meet HMO standards however once met, even if legislation changes, you only need to meet the standard of HMO at time when first applied<\/td>\n<td>\u2713 Fewer modifications required to let and no license application fee<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"6\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1216\" aria-expanded=\"false\">What is a HMO? <\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1216\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"6\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-1216\" tabindex=\"0\" hidden=\"hidden\"><h3>What is a HMO?<\/h3><h4>Relevant to Property Owners<\/h4><ul><li>A House in Multiple Occupation (HMO) is a property shared by three or more unrelated people who share a kitchen or bathroom, and requires a mandatory licence.<\/li><li>Before granting a licence the local authority must be satisfied that:<ul><li>The Owner and any Manager of the property is &#8216;fit and proper&#8217; to hold a licence<\/li><li>The property meets required physical standards<\/li><li>The property is suitable for use as a HMO (or could be made so by including conditions in the licence)<\/li><\/ul><\/li><li>It is a criminal offence to operate an HMO without a licence. The maximum fine is \u00a350,000<\/li><li>In most cases, an HMO licence lasts for three years, although local councils may issue shorter licences at their discretion. Licence renewal requires reapplying before the current licence expires.<\/li><\/ul><h3>\u00a0<\/h3><h4>Relevant to Tenants<\/h4><ul><li>A House in Multiple Occupation (HMO) is a property shared by three or more unrelated people who share a kitchen or bathroom, and requires a mandatory licence.<ul><li>Example: If you and two friends share a flat, you live in a HMO. If you share a flat with your partner\/relative and a friend, you do not live in a HMO.<\/li><\/ul><\/li><li>HMO Licences are granted by the local Council where the property is located.<\/li><li>It is a criminal offence to operate an HMO without a licence. The maximum fine is \u00a350,000.<\/li><li>To comply with HMO regulations, landlords must meet specific standards related to space, safety and technical requirements, detailed in Scottish Government guidance and technical standards for domestic buildings.<\/li><\/ul><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"7\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1217\" aria-expanded=\"false\">HMO Management<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1217\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"7\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-1217\" tabindex=\"0\" hidden=\"hidden\"><h3>HMO Management<\/h3><p>Houses in Multiple Occupation (HMOs) are a fantasic option for Buy-to-Let investors.\u00a0<\/p><p>If you own a property with three or more bedrooms and are considering renting it out, it&#8217;s well worth exploring whether it could qualify as an HMO. HMOs typically offer a higher return on investment, greater profitability, and attract a wider pool of potential tenants.<\/p><p>At SouthSide, we take the stress out of letting &#8211; including full HMO management. From your initial appraisal visit, we&#8217;ll guide you on what&#8217;s needed to meet current HMO standards. Your dedicated property manager will then handle the entire licencing process, from application to renewal, ensuring full compliance every step of the way.<\/p><h5>Book your free, no obligation visit <a href=\"https:\/\/southsidemanagement.jotform.com\/90714135958362\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"text-decoration: underline;\">here<\/span><\/a><\/h5><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fc26f91 elementor-widget elementor-widget-jet-image-comparison\" data-id=\"fc26f91\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;slides_to_show&quot;:&quot;1&quot;}\" data-widget_type=\"jet-image-comparison.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-jet-image-comparison jet-elements\"><div class=\"jet-image-comparison\">\n\t<div class=\"jet-image-comparison__instance elementor-slick-slider\" data-settings='{&quot;slidesToShow&quot;:{&quot;desktop&quot;:1},&quot;autoplaySpeed&quot;:5000,&quot;autoplay&quot;:true,&quot;pauseOnHover&quot;:false,&quot;speed&quot;:500,&quot;arrows&quot;:false,&quot;dots&quot;:true,&quot;slidesToScroll&quot;:1,&quot;prevArrow&quot;:&quot;.jet-image-comparison__prev-arrow-fc26f91&quot;,&quot;nextArrow&quot;:&quot;.jet-image-comparison__next-arrow-fc26f91&quot;,&quot;rtl&quot;:false}' dir=\"ltr\">\n<div class=\"jet-image-comparison__item\">\n\t<div class=\"jet-image-comparison__container jet-juxtapose\"\n\t\tdata-prev-icon=\"&lt;svg width=&quot;24&quot; height=&quot;24&quot; viewBox=&quot;0 0 24 24&quot; fill=&quot;none&quot; xmlns=&quot;http:\/\/www.w3.org\/2000\/svg&quot;&gt;&lt;path d=&quot;M14.625 5.3999L16.3 7.0749L11.35 12.0249L16.3 16.9749L14.625 18.6499L7.99999 12.0249L14.625 5.3999Z&quot; fill=&quot;#0F172A&quot;\/&gt;&lt;\/svg&gt;\"\n\t\tdata-next-icon=\"&lt;svg width=&quot;24&quot; height=&quot;24&quot; viewBox=&quot;0 0 24 24&quot; fill=&quot;none&quot; xmlns=&quot;http:\/\/www.w3.org\/2000\/svg&quot;&gt;&lt;path d=&quot;M9.37501 18.6001L7.70001 16.9251L12.65 11.9751L7.70001 7.0251L9.37501 5.3501L16 11.9751L9.37501 18.6001Z&quot; fill=&quot;#0F172A&quot;\/&gt;&lt;\/svg&gt;\"\n\t\tdata-makeresponsive=\"true\"\n\t\tdata-startingposition=\"50%\">\n\t\t\n\t\t<img decoding=\"async\" class=\"jet-image-comparison__before-image a3-notlazy\" src=\"http:\/\/aberdeenlettings.co.uk\/wp-content\/uploads\/2024\/04\/refurb-during-3-of-4-scaled.jpg\" data-label=\"Before\" alt=\"\" data-no-lazy=\"1\">\n\n\t\t<img decoding=\"async\" class=\"jet-image-comparison__after-image a3-notlazy\" src=\"http:\/\/aberdeenlettings.co.uk\/wp-content\/uploads\/2024\/04\/Kitchen-Livingroom-8-of-13-1-scaled.jpg\" data-label=\"After\" alt=\"\" data-no-lazy=\"1\">\n\t<\/div>\n<\/div>\n\n<\/div>\n<\/div>\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Houses In Multiple Occupation (HMO) What is an HMO Property? HMOs include residential accommodation (such as shared flats and houses, hostels, and halls of residence) which is the main home for three or more unrelated people. Below are some of the benefits of HMO properties for tenants, landlords, neighbouring properties and, the local community.\u00a0 https:\/\/youtu.be\/WXmfVWcfX9k?si=CKvpyk4KjN9Zp10t [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-18203","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"http:\/\/aberdeenlettings.co.uk\/index.php?rest_route=\/wp\/v2\/pages\/18203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/aberdeenlettings.co.uk\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/aberdeenlettings.co.uk\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/aberdeenlettings.co.uk\/index.php?rest_route=\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"http:\/\/aberdeenlettings.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18203"}],"version-history":[{"count":3,"href":"http:\/\/aberdeenlettings.co.uk\/index.php?rest_route=\/wp\/v2\/pages\/18203\/revisions"}],"predecessor-version":[{"id":981436,"href":"http:\/\/aberdeenlettings.co.uk\/index.php?rest_route=\/wp\/v2\/pages\/18203\/revisions\/981436"}],"wp:attachment":[{"href":"http:\/\/aberdeenlettings.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}