02/10/2026
This 6-bed HMO brought in £54,000 last year. The landlord still kept less than his neighbour with a normal flat. 🤯
He’d done everything right on paper: converted the lounge into two extra bedrooms, used an agency at 10%, and kept every room let.
But each time a room was re-let, the rent went down. Meanwhile bills, council tax and fees went up. £4,500 a month coming in, under £4,000 landing in his account.
And under the Renters’ Rights Act, a rent you’ve dropped is a rent you’re stuck with. Raising it again is a formal process, not a quick fix.
Within 10 minutes of walking in, we knew why the rents kept falling: tired furniture, worn carpets, mouldy bathrooms, and doors that weren’t fire compliant. 🚪
So we did the opposite:
✅ New furniture
✅ Full redecoration and new carpets
✅ Compliant fire doors
✅ We organised it all and covered most of the cost, with a small contribution from the landlord
Then we signed him at £4,800 a month, guaranteed, whether the rooms are full or empty.
Lifestay leases the property on a 3–5 year agreement and re-lets the rooms to vetted tenants. Figures vary by property, and yours is modelled on your home.
HMO looks busy but your bank account disagrees? Tap the link in bio and we’ll show you what your property should be paying.