If so, perhaps Google translate should be on the top of your list of tools rather than Spareroom!
WHY?
Here are the latest official UK population figures
- UK population is growing five times faster than the EU27 average (Official ONS figures)
- The UK population is now estimated to be 66.4 million, as at mid-2018
- 10% increase in number of international immigrants over preceding year, jumping by 54,000 to 626,000
- In the last year it has grown by 395,000 net (after people leaving, births, and deaths)
- 69% of the population increase was due to immigration
- England takes a disproportionately high level of this increase, out of all four nations of the Union
HMOs are perfect for new people to the UK because
- they can’t get a mortgage
- they want the convenience of all-inclusive rents
HOWEVER we as investors and landlords need to help them (and us) by
- providing accessible information
- explaining the legal requirements and their obligations under the AST
- ensuring rents can be collected (if they don’t have a
- using Right to Rent when necessary
- checking all documents thoroughly
What other things might help you attract foreigners to your HMO and keeping them as paying tenants?