OFFSHORE
Your home is a house in multiple occupation ( HMO ) if both of the following apply : at least 3 tenants live there , forming more than 1 household . you share toilet , bathroom , or kitchen facilities with other tenants . When compared to standard buy-to-let rental properties , on an HMO you should expect a minimum of 12 % gross yield , and on average a likely 15 % realistic gross yield .
Parata Property founded by Dean Parata originally from Sydney , Australia is also an Italy international rugby league footballer who plays as hooker for London Broncos .
Parata specializes in providing a turn-key service for national and international investors looking to invest in the UK property market . We source , project manage , convert and deliver fully compliant HMO property in the Northwest .
Parata Property was founded in 2020 due to a response to the demand for a one-stop-shop for HMO sourcing and development . We witnessed a gap in the market for investors looking for a tun-key solution for their HMO investment . There was a lack of information , transparency , and service for this lucrative investment strategy . This is what birthed the idea of Parata Property .
Fast forward 3 years and we have delivered over 26 projects to date and serviced over £ 7 million in client transactions across the UK . Our client base stretches from the UK to the Netherlands , Switzerland , Greece , Hong Kong , and Australia . With this much experience , we consider ourselves experts in the field .
Let ’ s take a deep dive and closer look into what an HMO property is ? And why do they stand out amongst the other property investment strategies ?
What is an HMO property ? HMO ( Houses of Multiple Occupation ) is where 3 or more unrelated tenants live in one household sharing facilities such as bathrooms and kitchens . HMO tenants pay a premium rate per room which produces higher than normal cash flow , compared to a standard Buy-To-Let investment strategy ,
121 APRIL / MAY 2023 SA Real Estate Investor Magazine