For a first-time HMO investor, what are the standard upfront and ongoing letting agent fees specific to multi-let properties in London, and how do they differ from single-let fees?
Quick Answer
HMO letting agent fees in London are generally higher than single-let fees due to increased management complexity. Expect 10-15% for ongoing management, plus upfront setup costs for referencing and tenancy agreements.
About This Topic
First-time HMO investor? Understand London letting agent fees for multi-let properties. Expect 10-15% management fees and upfront setup costs higher than single-lets due to increased complexity.
This question is part of our Buying Your First Property category, providing expert guidance on UK property investment.
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