HMO Management in South and West London
We manage licensed houses in multiple occupation for private landlords. It is the only thing we do.
Book a free compliance audit How our management works
An HMO is not a house with more tenants in it
It is a licensed property. There is a named manager carrying duties under the Management of Houses in Multiple Occupation (England) Regulations 2006. The rooms let and turn over independently of each other. The licence has conditions attached and an expiry date that does not move.
Most letting agents run HMOs alongside single family lets and treat them the same way. We do not run anything else.
What we do
Full HMO management
Room letting, referencing and Right to Rent, tenancy documentation, deposit protection, rent collection and arrears, maintenance, inspections, licence condition monitoring and monthly reporting.
15% of gross collected rent, and 13% where you have three or more properties with us. We are not currently VAT registered, so there is no VAT to add.
Read more about full management
HMO licence applications
First applications, renewals, and new additional licensing schemes. Handled remotely, so we can do this anywhere in London rather than only where we manage.
Contractor invoices are passed through at cost. We charge you our fee. We do not also take a margin on your builder.
We do not guarantee your rent
We collect it and we pursue it, but we do not guarantee it, and we would rather say so on the first page than have you find out later.
We ran guaranteed rent arrangements for years, so this is not a criticism of the model. It suits some landlords. But the fixed monthly figure is always set below what the property would earn if it were let well and kept full, and that gap is the price of the certainty. With management you carry the void risk and keep the upside.
How guaranteed rent works, and when it is the right answer
Start with a free compliance audit
We visit the property, spend an hour going through it, and send you a written note of what we find. No charge and no obligation. If the note says the property is in good order and you do not need us, you keep the note.
We do it because the duties under the 2006 Regulations fall on the manager. Managing a non-compliant HMO is our exposure as much as yours, so we are not willing to take one on unseen.
Where we work
Full management across Wandsworth, Merton, Kingston upon Thames, Sutton, Richmond upon Thames, Lambeth, Southwark and Croydon, including Putney, Wimbledon, Tooting, Balham, Clapham, New Malden, Motspur Park and Raynes Park.
Licence applications across all London boroughs.
Licensing differs sharply between boroughs, so we have written up the three we work in most:
If your property sits just outside these areas, ask anyway.
Talk to us
No obligation, and we will tell you honestly if you do not need us.
Telephone: 020 3026 7320
Email: info@reaysmithproperty.co.uk