HMO landlords forced to spend big on maintaining properties
Original Article Summary
HMO landlords spend 45% of gross rental income on running costs, compared to 25% for non-HMO landlords. This includes money spent on maintenance, servicing, insurance, utilities, professional fees and regulatory compliance. Average total annual expenditure stands at £19,604 for landlords with non-HMO properties, rising to £35,720 for those operating HMOs, research from software company Pegasus […] The post HMO landlords forced to spend big on maintaining properties appeared first on PropertyWire.
PropMatch Curated Analysis
HMO landlords face significantly higher running costs at 45% of gross rental income versus 25% for standard BTL properties, with average annual expenditure reaching £35,720 for HMOs.
Investor Relevance
Critical for investment decision-making and portfolio management - the 20% differential in running costs as percentage of gross income directly impacts net yields and cash flow projections for HMO investments.
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