What are the often-overlooked ongoing running costs for a fully compliant 5-bedroom HMO (e.g., licensing fees, utility bills, council tax split, increased insurance premiums) that I need to accurately factor into my cash flow projections, especially in areas with selective licensing?
Quick Answer
Many landlords overlook critical ongoing costs for a compliant 5-bedroom HMO, including licensing fees, higher insurance, and utility bills, which are vital for accurate cash flow projections.
About This Topic
Uncover the often-overlooked ongoing costs for a compliant 5-bedroom HMO, from licensing fees to increased insurance and utilities, crucial for accurate cash flow projections.
This question is part of our Buying Your First Property category, providing expert guidance on UK property investment.
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