Fair Rents (Scotland) Bill or Artificial state manipulation of free market rent?10:34 AM, 6th November 2020
About 4 weeks ago 36
I am converting my first house into a HMO. It is a 3 bed, 2 reception, 2 bath house in London… soon to be a 5 bed HMO.
My plan is to add ensuites to the two front bedrooms. This means one tenant is likely to use the large(ish) downstairs bathroom and toilet (on same level) and the final two tenants would share the upstairs bathroom. However, I am now thinking to maximise cash flow, I should turn the upstairs bathroom into an ensuite rather than a shared bathroom. This would then force the last tenant downstairs to the loo in the middle of the night (traipsing through the kitchen).
I would be interested to hear from HMO landlords on risk of void periods/higher turnover on the bedroom upstairs because they need to use the downstairs loo? Am I taking away from Peter to pay Paul so to speak!
The target renters are young professionals… usual mod cons included, high speed broad band, communal TV, cleaner for communal areas, etc.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More