Managing an HMO is rewarding, but it is easy to make mistakes that can cost you time and money. Here are five common landlord slip-ups that we commonly encounter and how Cloudrooms can help to avoid them:

• Ignoring HMO Regulations – Licensing, fire safety, deposit protection—HMOs come with strict legal requirements. We ensure your property is fully compliant.
• Poor Tenant Screening – A bad tenant can quickly create chaos; for you as well as for your other tenants. We conduct thorough background checks to find responsible, reliable renters. And if things do become difficult, our team will expertly handle things on your behalf.
• Delaying Maintenance – It is easy to put small maintenance issues off. But we know from years of experience that they can turn into much bigger, costly repairs. That is why our fast-response maintenance team keeps properties in top condition.
• Overlooking Insurance – HMO landlords need the right coverage. We help you find the best landlord insurance to protect your investment.
• Lack of Communication – Tenants need to feel heard. We provide dedicated property management, ensuring smooth communication with tenants. And in turn, we keep you updated – how and when it works best for you.

Avoid these pitfalls by working with Cloudrooms and maximise the success of your HMO investment, hassle-free.