Full HMO management fees typically costs between 12% and 15% of gross monthly rental income, plus VAT. Across the UK the range runs from around 10% to 18%, depending on region, property size and service level. This is higher than standard buy-to-let management, which usually sits between 8% and 12%, because an HMO means more tenants, more turnover and more compliance work. On a five-room HMO bringing in...