Hi, I'm Matt from The HMO Platform.
The lure of HMO's has always been the 'high monthly cashflow' they offer, however what usually happens is poor quality accommodation is offered, meaning tenants come and go leading to rental voids. If you couple this with on-going management and maintenance issues, the attraction starts to quickly diminish.
The one strategy we have found that turns all the negatives into positives and creates sustainable high monthly cashflow is Coliving. Quite simply, it's about designing high standard HMO's with 'CO'mmunity led spaces. This community of housemates all have similar or complimentary backgrounds and professional profiles, meaning they stay longer, pay more to be in high quality accommodation, and create far less management and maintenance issues.
Please feel free to comment, like and subscribe as the more we grow, the more traction Coliving gets!