Koru

Koru Property Solutions operates as a real estate firm specializing in the management of Houses in Multiple Occupation (HMOs), multi-let properties, and co-living spaces. The company also possesses experience in managing single-let properties and service accommodation. Koru Property Solutions aims to simplify the process of owning and managing HMO properties, offering a solution for property owners seeking the cash flow benefits of such investments without the operational complexities. The firm identifies that properly managed HMOs can provide greater cash flow and enhanced security compared to single-let properties.

The company provides a comprehensive service that begins with identifying suitable properties for conversion into HMOs. Koru Property Solutions understands that not all locations or properties are appropriate for HMO development and utilizes its knowledge to find properties that are well-suited for this purpose. Following acquisition, properties often require refurbishment to meet specific HMO standards. The firm manages this entire refurbishment process through its dedicated team, aiming to ensure that properties are brought up to the necessary specifications efficiently.

This approach is designed to alleviate the burden on property owners during the setup phase of an HMO. Koru Property Solutions also handles the crucial aspect of lettings, focusing on securing appropriate tenants for its managed properties. The company emphasizes that finding the right tenants is essential for maintaining a harmonious living environment and ensuring tenant retention. Beyond standard credit checks, the firm conducts more detailed assessments to determine tenant suitability and compatibility within a shared house.

Koru Lettings specifically manages HMOs and has experience with professional tenants, workers, and those receiving DSS benefits, adapting its management approach to the client's preferences. The company utilizes the MyDeposits scheme to protect tenant deposits and resolve any related issues. Once properties are sourced and tenants are in place, Koru Property Solutions undertakes ongoing property management responsibilities. This includes ensuring compliance with gas and electrical safety checks and conducting regular property inspections.

The firm performs monthly checks to proactively address maintenance issues as they arise. Koru Property Solutions distinguishes itself from traditional high street letting agents by being landlords of their own HMOs, providing them with direct experience in managing successful shared living properties. The company is an accredited landlord of the LHA and maintains a team of tradespeople to respond to emergencies and general maintenance needs. Koru Property Solutions is fully insured and a member of the Property Ombudsman Scheme.

Koru Property Solutions supports property investors by offering knowledge and guidance throughout their investment journey. The firm's founders, Kevin and Sally Cope, have been involved in property education since 2013 and continue to engage in this field. They host the Devon Property Investors Network (pin) meeting and serve as coaches and mentors on the Property Mastermind program run by pin. Sally Cope also delivers talks on Wealth Dynamics within the Mastermind program.

This background underscores the company's commitment to understanding the needs of property investors and providing informed management services for various property types, including HMOs, multi-lets, single lets, and service accommodation.