HMO
Property Management Perth
What is HMO?
A House in Multiple Occupation, commonly referred to as an HMO, is generally a property occupied by multiple unrelated residents who rent individual bedrooms while sharing common areas such as the kitchen, bathrooms, laundry and living spaces.
These properties can offer investors multiple income streams from one asset. However, they also require detailed planning, careful tenant selection and a highly involved management approach.
How Do I Know If My Property Is Suitable?
Every property is different, and factors such as location, layout, local planning requirements and market demand all play an important role.
Complete the enquiry form below and L Residential will undertake an initial assessment of your property to determine whether it may be suitable for an HMO or shared accommodation strategy.
We'll provide honest, practical feedback on its potential and discuss the management considerations involved.
Higher Risk Higher Reward!
Managing a House in Multiple Occupation requires far more than standard residential property management.
With multiple occupants, individual agreements, shared facilities, utilities, cleaning schedules and increased property use, HMO properties require strong systems, clear communication and proactive oversight.
L Residential provides specialised HMO property management services for Perth investors who own, are developing or are considering purchasing a shared accommodation property.
You will work directly with the Director and Licensee, giving you one experienced point of contact across the entire management process.
If your property is suitable for a House in Multiple Occupation (HMO), it may have the potential to generate a higher rental yield than a traditional single tenancy.
