HMO Property Management East London
At Pisoria, we specialize in HMO property management and the leasing and maintenance of multi-occupancy properties throughout London. We understand the complexities, demands, and stress that come with managing these types of properties, which is why we are here to make it easier for you. As experts in managing HMOs (Houses in Multiple Occupation), we will take care of finding suitable tenants for your property and managing every aspect of it.
You can have a look to our HMO properties here
What is an HMO?
An HMO is a house shared by three or more people who live together and share common amenities such as bathrooms, kitchens, or toilets. These individuals must also form two or more separate households. A household can be a single person or a group of people related by blood, marriage, or cohabitation.
What is a Large HMO?
A Large HMO is a property shared by five or more people who live together and share common amenities, forming two or more separate households. This type of property can be rented out as a whole or by individual rooms.
Keep in mind that even if all the tenants occupy the property on a single tenancy agreement, it will still be considered an HMO if it meets the above criteria. At Pisoria, we have the knowledge and expertise to navigate the complexities of HMO property management, leaving you with peace of mind.
HMO Mandatory and Selective Licensing
At Pisoria, we understand the importance of staying compliant with local regulations, especially when it comes to HMO licensing. All large HMOs are required to have a mandatory license. In addition, some local authorities may require other sizes of HMOs to also be licensed. For example, a council may bring in additional licensing requiring all HMOs to be licensed.
As your HMO property management partner, we will advise you on whether your London property will require a license and, if necessary, oversee and apply for the necessary licenses on your behalf. Trust in our expertise to ensure that your property is in compliance with all local regulations and requirements.
What Every HMO Landlord Must Do To Remain Compliant
At Pisoria, we understand the importance of staying compliant with HMO regulations to ensure the safety and well-being of your tenants. Here are some key areas that we will help you navigate as an HMO landlord:
HMO Licensing: An HMO license is granted to the landlord if the HMO property meets certain standards to ensure that it is safe and suitable for the tenants. We will advise you every step of the way, from license application to approval, and ensure that your property is inspected on a regular basis to ensure compliance with the terms of the license.
Fire Safety: HMOs are considered a greater fire risk than traditional rental properties. We will advise you of any necessary changes to your property to meet fire safety standards and qualify for an HMO license, such as installing fire doors, smoke alarms, and fire extinguishers in communal areas.
Gas Safety and Electrical Safety Checks: We will ensure that your annual gas safety checks are up to date and that the electrical wiring and appliances in your property have been checked and certified as safe every five years.
Minimum Room Size: We will ensure that your HMO is not overcrowded and that the bedrooms meet the minimum size requirements to obtain your HMO license.
Waste Collection: Landlords must ensure there are appropriate refuse storage and disposal facilities so that waste can be stored in a tidy manner. We will advise you of any changes required to your property to meet this requirement.
Furniture: All furniture must be clean and fit for purpose, and any upholstered furniture and furnishings provided by the landlord must meet fire safety standards. We will conduct monthly inspections of each property to ensure compliance with these regulations.
Tenant Screening: As with conventional buy-to-let, landlords of HMOs need to find the right tenants. We will pre-screen potential tenants, conduct viewings, reference check, and draw up the tenancy agreement. We can also collect rent payments and manage any rent arrears.
By choosing Pisoria as your HMO property management partner, you can have peace of mind that your HMO property is in compliance with all the latest legislation and regulations.
Effective HMO property management
Managing HMO properties requires a significant commitment of time and energy. From handling tenant disputes to scheduling routine maintenance and conducting viewings, it’s a job that demands a dedicated approach.
As a HMO landlord, you’ll need to have reliable tradespeople on hand to address issues such as blocked sinks or broken locks on short notice. You’ll also need to maintain communal areas, such as hiring a cleaner to keep hallways, kitchens, and bathrooms clean. Additionally, you’ll need to be prepared to handle difficult tenants and resolve disputes between them.
At Pisoria, we take the stress out of HMO property management by handling all of these responsibilities for you. Our team conducts monthly inspections of each property and keeps you informed of the property’s condition. We also manage all aspects of property maintenance, including working with our trusted tradespeople. As our client, you won’t need to speak with tenants directly or provide them with your contact information. A Pisoria HMO manager is assigned to each property, and they will handle any issues that arise and contact you for approval of any necessary repairs.
Why Choose Professional HMO Management?
Managing HMOs can be a complex and time-consuming task. If not done properly, it can result in legal penalties such as large fines or even prison sentences. If you live far from your HMO property, have a full-time job, or are new to HMO property management, it’s essential to delegate the task to an experienced agency.
At Pisoria, we have a team of courteous and professional staff with extensive experience in HMO property management. As members of The Association of Residential Letting Agents (ARLA) and The Property Ombudsmen, we are committed to providing the highest level of service and maintaining our reputation for ethical and reliable management.
Trust us to take care of your HMO so you can have peace of mind.