How much it costs to set up and run an HMO

I often get asked how much it costs to set up and run an HMO property.
If you are making an HMO property investment, you want to budget for both setting it up, also for running the HMO once the tenants have moved it.
In this video, we’ll talk about the actual set up cost, meaning those aspects that will be different in a House in Multiple Occupancy compared to a family home. One of these aspects is fire safety, for which you will need fire doors and a fire emergency system.
Then you look at the utilities and management of the property once you have tenants living there.
Let me know in comments below if you want me to make a separate video on renovating an HMO, as in this video we’re not discussing this aspect.
Check out the separate video that I made in more detail about HMO Licensing:
• HMO Licensing - what, ...
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