Landlord Vision can handle HMO properties in the way that best suits you. You can manage your property as a whole, and you can manage individual units or tenants too. So you can see the information you’ve entered at the level that makes most sense to you.
You are able to add units to Landlord Vison and to manage at this level. This includes assigning tasks, documents, expenses etc to a specific unit and pulling reports at unit level.
If you want to manage your HMO as an entire property, you can also assign expenses, documents and tasks at the property level and see reports for the entire property too.
You can set up an unlimited amount of portfolios and properties in the software.
Portfolios allow you to group properties together, this is useful if you want to split ownership or if you want to see reports for a certain group of properties.
For HMO management, you will pay a base fee for your first group of tenancies (5 on starter, 10 on standard and 15 on premium) and a smaller fee for the rest of your tenancies.
If your property is made up of units which are let out individually with different start and end dates, these will be counted as separate tenancies and will be charged as such. If all of your tenants move in and move out on the same day (eg a student let), you can group these into a single tenancy and it will count as one active tenancy.
So, for instance, if you have five tenants in your HMO who let individual units with different start and end dates, you will require five tenancies in your plan.
Yes! If you have a mix of HMO and buy to let or HMO and other types of tenancy you can manage them all in Landlord Vision. It’s easy to manage your property as a whole, and you can manage individual units or tenants too, or you can include a mixture of both in your portfolio. So, if you want to manage one of your properties by unit level and one at the property level it’s easy to accomplish.
You can manage your mixed tenancies all within one portfolio, or you can create a portfolio to manage each type of tenancy. There’s no limit to the number of portfolios you can add, so it’s easy to manage your properties in the way that makes most sense to you.