Barnet HMO Management Case Study: Victoria Road, EN4
Overview
Revive Property took over the management of a high-specification five-bedroom HMO on Victoria Road, Barnet EN4 after the landlord became dissatisfied with the level of communication and proactivity from his previous agent.
The landlord originally found Revive Property through Google while searching for HMO advice. After several meetings covering management, compliance and the best way to operate the property, he decided to move the house across to us for ongoing HMO management.
The property is aimed at professional tenants and includes en-suite facilities in three of the five bedrooms.
The Challenge: Finding a More Proactive Management Partner
The landlord already had an agent in place when he first approached Revive Property.
However, he wanted a management company that would take a more active role in the property and provide a closer working relationship.
His main priorities were:
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Clear and prompt communication
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Proactive day-to-day management
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Maintaining the property to a high standard
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Attracting suitable professional tenants
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Retaining good tenants where possible
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Keeping the landlord involved in important decisions
The landlord was not looking for a completely hands-off arrangement. He wanted professional support while still remaining informed about how the property was being managed.
Our Approach: Collaborative HMO Management
Revive Property took over the property on a traditional management basis, with the landlord remaining actively involved where appropriate.
Our role includes:
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Tenant Communication: We handle day-to-day communication with residents and deal with issues as they arise.
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Property Management: We oversee the ongoing running of the house while keeping the landlord updated.
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Professional Tenant Sourcing: When a room becomes available, we focus on finding a tenant who is suitable for both the property and the existing household.
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Landlord Collaboration: Important decisions are discussed with the landlord rather than managed entirely at a distance.
Landlords looking for a similar level of support can explore our wider property management services.
Managing Tenant Turnover
During the last year, only one tenant left the property.
We marketed the vacant room and successfully found a new professional tenant who was a good fit for the existing household.
The aim was not simply to fill the room as quickly as possible. In a shared property, the suitability of each tenant can affect the wider household, so we took care to find someone who matched the standard of the property and integrated well with the other residents.
This helped the tenancy remain stable and avoided unnecessary disruption.
Results After One Year
Since Revive Property took over the management:
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Five professional tenants have been managed within the property
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Only one tenant has left
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The vacant room was successfully remarketed
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A new professional tenant was secured
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The incoming tenant integrated well with the household
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The property has continued to operate smoothly
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The landlord remains actively involved and informed
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A close working relationship has developed with our team
The result is a stable, well-managed HMO with low tenant turnover and a management arrangement that better reflects the landlord's expectations.
You can see more examples of our work on our property case studies.
A Management Partnership Built on Trust
This relationship began with advice rather than a request to change agents.
The landlord found Revive Property while researching HMO guidance and initially wanted to discuss how his property could be managed more effectively.
By taking the time to understand his requirements and provide practical advice, we were able to build trust before any management agreement was in place.
When he later decided to leave his existing agent, Revive Property became the natural choice to take over the property.
Landlords who are still reviewing their options can also speak to us through our landlord consultation service.
HMO Management in Barnet
Revive Property supports landlords who want professional HMO management while retaining the level of involvement that suits them.
If you are reviewing your current agent, looking for better communication or want practical advice about managing your HMO, contact Revive Property to discuss your property.
2-8 Games Road, 2nd Floor Woodgate Studios, Barnet, London, EN4 9HN
T: 0208 144 9135
