There are three very big problems with letting HMOs that really hit profitability.
- Empty rooms. Every day a room is empty costs you money. Finding new tenants through an agent costs you money too.
- Utilities. Everyone is being hit by spiraling energy costs and in HMOs it can really hurt, especially with tenants leaving the thermostat turned up all winter 24/7.
- Refurb costs. It seems like almost every time a tenant leaves you’re buying new furniture, a new carpet and repainting. Again and again.
Fox & Fox can get rid of all three problems in one go and restore your profitability.
You might be thinking we’re another of these companies who want to lease your HMO, put dodgy tenants in, make profit for a few years and leave you with a mess to clean up. That’s not what we do. Here’s what one of our landlord’s has to say:
“Having used Fox & Fox very successfully for years now, managing 2 of my HMO properties. I would not hesitate in strongly recommending them to any property owner who wants a simplistic, guaranteed consistently high quality service where peace of mind is assured!”
Barry Whitehead
We do this by having a unique book of corporate tenants who will rent the property for up to five years (with an annual rent review clause), pay rent on the due date every month, pay for all the utilities and make good any tenant damage. No empty rooms, ever. No gas, electric or council tax bills, ever. No constant refurbishment.
To take advantage of all we can do to put the profit back in your property, please call or email me on 0117 2141411 or office@foxandfoxproperty.co.uk. There’s no hard sell, just a conversation with a fellow landlord who has a strategy that works.
We put our money where our mouth is. This is what we do with our properties.
We’re so convinced that this works, if you’re sick and tired of being a landlord, we will buy your HMO.
If you’re interested, we’d like to help you profit from your property. All we ask is to manage the property for the duration of the tenancy.
