If you are a landlord looking to expand your property portfolio, two options you may want to consider are HMOs (houses in multiple occupation) and professional lettings.

HMO properties are a popular choice for landlords as they offer the potential for higher rental yields. HMOs are properties where three or more people from different households share common facilities like a kitchen or bathroom. As a landlord of an HMO property, you will need to comply with strict regulations, including fire safety, room sizes, and waste disposal. However, the potential rewards can be significant, with higher rental income and the possibility of long-term tenancies.

Professional lettings are another option you may want to consider. These are properties that are rented out to working professionals, usually on a single tenancy agreement. Professional lettings can offer more stable tenancies, with tenants often staying for longer periods. They can also provide a reliable source of rental income, as working professionals are often more financially stable than students or those on lower incomes.