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RELOCATION <strong>PA</strong><br />
HMO Lettings & Management<br />
Simplifying<br />
Property<br />
Management<br />
Hereford’s only<br />
Specialist HMO<br />
Letting Agency<br />
<strong>Relocation</strong><br />
<strong>PA</strong> can<br />
GIVE<br />
YOU MORE<br />
TIME<br />
<strong>Relocation</strong><br />
<strong>PA</strong> can<br />
INCREASE<br />
YOUR ROOM<br />
RENTS<br />
<strong>Relocation</strong><br />
<strong>PA</strong> can<br />
MAXIMISE<br />
TENANCY<br />
LENGTHS
“I no longer have the hassle of running around dealing with tenants since I took on <strong>Relocation</strong> <strong>PA</strong>s full management service. Their fast and efficient professional service has<br />
enabled my voids to reduce and my rents to increase which more than covers the monthly management fee. I couldn’t recommend them more highly to other landlords”<br />
David, Hereford Landlord<br />
Want more time back from your HMOs?<br />
If you currently spend evenings and weekends managing<br />
your portfolio and talking to tenants rather than seeing<br />
your friends and spending time with your family, then<br />
the market-leading management services of <strong>Relocation</strong><br />
<strong>PA</strong> should be seriously considered. Here are a few of the<br />
HMO challenges our dedicated team work hard to resolve<br />
on a daily basis.<br />
Do any of these sound familiar?<br />
• In & out of<br />
hours lock-outs<br />
• Rent collecting<br />
• Chasing arrears &<br />
handling evictions<br />
• Monthly inspections<br />
• HMO compliance<br />
• Maintenance<br />
calls day & night<br />
• Liaising with tradesman<br />
• Household disputes<br />
• Dressing &<br />
marketing rooms<br />
• Applications &<br />
contracts<br />
• Check-ins<br />
& check-outs<br />
• Property maintenance<br />
• Talking to tenants<br />
• Fire safety<br />
& legislation<br />
• Refurbishment projects<br />
• Upkeep and cleaning<br />
• Monthly property<br />
reporting<br />
• Customer service calls<br />
Professional HMO Management is not for the feint-hearted<br />
and it is for this reason that we do not operate or manage any<br />
other profile properties, portfolios or investment types: we<br />
only deal with the lettings and management of HMOS within<br />
Hereford. Everything required in delivering our clients the<br />
freedom and profits they desire has been custom-developed<br />
for renting by the room, is secured and protected as our intellectual<br />
property, and operates in all departments at a market-leading<br />
and consistent standard.<br />
About <strong>Relocation</strong> <strong>PA</strong><br />
<strong>Relocation</strong> <strong>PA</strong> is Hereford’s leading specialist HMO letting<br />
Agency. Established in 2015, <strong>Relocation</strong> <strong>PA</strong> has developed<br />
and expanded its niche as Hereford’s leading<br />
supplier for Professional HMO and shared accommodation.<br />
Having built up a sizable personal investment portfolio<br />
in recent years, including large numbers of professional<br />
HMO rooms in all shapes and sizes within<br />
Hereford and the Marches, we fully appreciate the<br />
trials and tribulations experienced with the ongoing<br />
management of Professional Houseshares, especially<br />
once the honeymoon period of starting a new portfolio<br />
is over.<br />
Working with <strong>Relocation</strong> <strong>PA</strong> will introduce a management<br />
service to your portfolio providing control and freedom<br />
for your life, in addition to the high level of returns that<br />
you demand from your investments.<br />
Managing an HMO portfolio professionally, effectively,<br />
sustainably, and in line and up-to-date with regulations<br />
and legislation is not an easy task. In order to maintain<br />
the highest level of results and performance from our<br />
portfolios, our dedicated full-time team operates 7 days<br />
a week, supported by a wealth of bespoke processes,<br />
systems, marketing campaigns and procedures that<br />
have taken us a significant time and investment to develop.<br />
If you are currently investing in HMOs or Multi-Let properties<br />
and are interested in working together to see how<br />
we can help you, we welcome the opportunity to discuss<br />
your requirements.<br />
How we differ from traditional letting agents<br />
As we previously touched on, Hereford used to lack an<br />
HMO letting specialist. Some letting agents claim they will<br />
manage HMOs but very few are willing to do so due to the<br />
time and complexity. Those who have let HMOs do not<br />
specialise in letting on a room by room basis.<br />
We feel there are six main factors which set us apart from<br />
any traditional letting agents:<br />
• We are HMO Specialists and solely deal with multi-let<br />
properties in Hereford<br />
• We are a local independent company and so not governed<br />
by rigid systems and process from a national head office.<br />
• We are constantly looking for Innovation and forward<br />
thinking in your portfolio, increasing rents and reducing<br />
voids and lowering maintenance costs, meaning more<br />
profit to you as a landlord.<br />
• We are a 21st century letting agent using the latest technology<br />
to ensure the management process is as efficient<br />
as possible, enabling us to reducemanagement costs for<br />
the landlord.<br />
• We are accredited landlords ourselves and therefore keep<br />
up to date with all legislation which we then relay back to<br />
you to make sure your asset is constantly managed properly.<br />
• We have a personable proactive management philosophy,<br />
treating your property like our own so making sure<br />
tenants are satisfied and stay as long as possible in your<br />
house, reducing voids and making you more money!<br />
Our mission is to make owning HMOs as effortless<br />
for landlords as possible, giving more freedom<br />
whilst ensuring higher rents and lower voidsin order<br />
togenerate more profit.
Fully<br />
Managed by<br />
<strong>Relocation</strong><br />
<strong>PA</strong><br />
Fully<br />
Managed by<br />
<strong>Relocation</strong><br />
<strong>PA</strong><br />
Fully<br />
Managed by<br />
<strong>Relocation</strong><br />
<strong>PA</strong><br />
Client Case Study – Professional HMO<br />
Ryelands Street, Hereford<br />
A Ludlow based Property Investor sought<br />
guidance from <strong>Relocation</strong> <strong>PA</strong> in order to expand<br />
their existing portfolio with a professional<br />
six bed licensed HMO, following recommendations<br />
from previous <strong>Relocation</strong> <strong>PA</strong> clients.<br />
Once the property was purchased, Ryelands<br />
Street was refurbished. A second bathroom<br />
was fitted and redecoration completed<br />
throughout.<br />
<strong>Relocation</strong> <strong>PA</strong> were appointed and marketing<br />
commenced. The property is now full and<br />
under ongoing management by <strong>Relocation</strong> <strong>PA</strong><br />
since May 2016.<br />
• Fully Managed by <strong>Relocation</strong> <strong>PA</strong> for 6 months<br />
and counting<br />
• All six rooms fully let within 1 month<br />
• All rooms let at above market rent, averaging<br />
£500 per room per month.<br />
• All rooms let at 100% occupancy to date<br />
• Average maintenance call outs 1 per month<br />
• 2 Tenant socials undertaken!<br />
Client Case Study – Boutique HMO<br />
Meyrick Street, Hereford<br />
A London based property investor sought<br />
guidance from <strong>Relocation</strong> <strong>PA</strong> in order to diversify<br />
his existing portfolio of single lets with<br />
the decision made to branch into a high-end<br />
boutique seven-bedroom HMO, following recommendations<br />
from previous <strong>Relocation</strong> <strong>PA</strong><br />
clients and seeing an opportunity in Hereford.<br />
Once the property was purchased, 21 Meyrick<br />
Street was completely refurbished. A brand new<br />
kitchen and sitting room were fitted along with<br />
the complete redecoration of seven bedrooms all<br />
of which are en-suite enabling 21 Meyrick Street to<br />
become a high end boutique HMO, actively managed<br />
by <strong>Relocation</strong> <strong>PA</strong> on a full management basis.<br />
• Fully Managed by <strong>Relocation</strong> <strong>PA</strong> from completion<br />
of works<br />
• All 7 rooms fully pre let prior to works being<br />
completed<br />
• Company let negotiated for 2 year contract<br />
with one of a number of companies <strong>Relocation</strong><br />
<strong>PA</strong> work with to house their employees<br />
• Highest rents achieved EVER in Hereford average<br />
£600 per room per month<br />
• 100% occupancy for 2 years guaranteed at<br />
above market rents<br />
Client Case Study – Guaranteed Rent HMO<br />
Grove Road, Hereford<br />
<strong>Relocation</strong> <strong>PA</strong> was approached by a local landlady<br />
who had a property let to group of students,<br />
She was fed up and frustrated with the hassle of<br />
letting and managing a student HMO and therefor<br />
sought <strong>Relocation</strong> <strong>PA</strong>s guaranteed rent service.<br />
This allowed the landlady to receive a guaranteed<br />
rent for the property which <strong>Relocation</strong> <strong>PA</strong> pays<br />
each month without fail and now means the landlady<br />
now doesn’t have the hassle of managing and<br />
dealing with tenants. On top of receiving guaranteed<br />
rent, <strong>Relocation</strong> <strong>PA</strong> also refurbished the property for<br />
the landlord at their own cost, adding value to her<br />
house and then turned the house into a 4-bed professional<br />
HMO. The landlady also has the benefit of<br />
not having to fund maintenance costs as well as still<br />
getting paid the full rent even if a room is empty.<br />
• HMO under management by <strong>Relocation</strong> for<br />
past 3 months and counting<br />
• All 4 rooms fully let within two weeks to tenants<br />
working at Hereford Hospital<br />
• Strong market rents for the area hit averaging<br />
£500 per room per month<br />
• Average maintenance call out time under<br />
one hour<br />
• 3 coats on <strong>Relocation</strong> <strong>PA</strong> blue paint on front door!
RELOCATION <strong>PA</strong><br />
HMO Lettings & Management<br />
Contact Us<br />
<strong>Relocation</strong> <strong>PA</strong> Ltd<br />
Lower Wymm<br />
Sutton Lakes<br />
Hereford HR1 3NS<br />
01432 700 025<br />
hello@relocation-pa.co.uk<br />
www.relocation-pa.co.uk<br />
Kate Chapman-Jones<br />
Property and<br />
Lettings Manager<br />
Miles<br />
Pattison-Appleton<br />
Managing Director<br />
Alex<br />
Pattison-Appleton<br />
Finance and Accounts<br />
Director<br />
Want more detail on <strong>Relocation</strong> <strong>PA</strong><br />
Services, book a Free One Hour Consulation<br />
now and see what we can do for you