Half of multi-occupancy (HMO) landlords use their property or portfolio as their sole source of income, a survey by Landbay has found.
The research found that just under 30% of landlords owned an HMO property or portfolio.
Of these, 72% owned HMO properties through a limited company, while half said they had no other job and used their property or portfolio as the only source of income.
Despite the complexity of managing HMOs, the research found that almost half of properties were self-managed by landlords; a third of them owned portfolios of more than twenty properties.
The reason for this more DIY approach could be that the most popular HMO portfolio size was the smallest, between four and ten properties, with 34% falling into that category.
The research found that the highest percentage of healthcare organizations were in London and the South East (47%), followed by the East Midlands.
Landbay sales and distribution director Rob Stanton said: “Our survey results show continued confidence in healthcare organizations. Despite proposed rental reforms and licensing schemes from local authorities, the market remains resilient.”
“With a persistent housing shortage, demand is stronger than ever for decent and fairly managed housing shares.”