Inclusions of the Concierge Service: 

We will email this document to you once complete. Keep this section handy as it contains the steps we will be following.

Step 1: GETTING MARKET READY- This is the most important step!

If finance is not required, please go to Asset Protection and Tax Minimisation section.

Finance Pre-Approval & LOE

We will connect you with our finance specialist who has helped hundreds of our clients obtain HMO finance. You will need to work with the finance specialist and complete a FACT FIND so they can assess your borrowing capacity and serviceability to ensure you have the capacity to invest. If you have the capacity to invest, they will issue a Letter of Eligibility (LOE). If you cannot finance an opportunity post-session, you will receive a full refund of your concierge fee, less any card processing fees (if payment is made via STRIPE).

If you need to refinance an existing property to access the equity so you can invest in an HMO, due to the current market conditions in Perth, we unfortunately cannot begin our search or present any live investment opportunities to you until your equity release is complete. The timeline for an equity release can vary from bank to bank and speed and efficiency will be the key to a timely equity release.

Asset Protection & Tax Minimisation

After the finance specialist provides your LOE, if required, we will connect you with our accountant to set up the right trust structures to help protect your assets and minimise tax liabilities. These guys are experts in minimising tax for property investors so make sure you ask them about their services and fees too.

You Are Now Market Ready & We Can Present Investment Opportunities To You! 

Step 2: Research & Due Diligence

Once you are ‘market ready’, based on your investment criteria, our team will actively seek out, negotiate on and secure land that meets your investment criteria. We will provide you with a detailed cash flow forecast, containing estimated construction costs and room rates, based on recent project costs.

When your offer is accepted, you will need to pay a deposit to the land agent to secure the land until your finance is approved.

This can vary from $5,000 to $10,000 depending on the selling agent. This is not an additional cost and refundable if we do not move ahead with the deal; the deposit is part of the total land cost and bank details of the agent will be noted on your Offer and Acceptance Land Contract. Please reach out to the HMO team if you need help with this.

Step 3: Deal Finalisation

Team HMO will negotiate on your behalf with the land agent and facilitate the submission of offer and acceptance (O&A).

When your offer is accepted, you will need to pay a deposit to the land agent to secure the land until your finance is approved. This can vary from $5,000 to $10,000 depending on the land agent. This is not an additional cost; the deposit is part of the total land cost and it will be noted on your land contract. Please reach out to the team if you need help with this.

HMO will negotiate with the nominated builder and prepare Preparation Plan Agreement (PPA) for signature.

Once your PPA is signed, you will need to pay $5,000 to the builder for the Preparation of Plans (PPA). This wis so the builder can prepare the Building Contract for signing between all parties, specification and addenda so you can apply for finance. This is part of the total build cost and not an additional fee.

We then submit your O&A and build contract to the finance team for a 60-day finance approval. During the finance period, you will receive an invoice from the bank. This is for your commercial valuation, and it is paid direct to the bank. These cost circa $3,000-$3,500 depending on the valuation company.

Step 4: Construction Management

We add you to our construction management portal, Monday.com so that you can track the progress of your project from your laptop and/or smartphone.

We submit and manage all documentation with local authorities.

We project manage the builder on your behalf and hold them accountable to the timeline and project milestones. We update the construction portal every two weeks.

Terms and Conditions:

Service Provision

The HMO Property Co commits to delivering the services described herein with a high standard of professional diligence, comparable to that exercised by reputable professionals in similar roles.

Payment Structures

1. Custom Design & Infill

Total HMO Infill and custom design Service Cost: $19,995 + GST

Structure Establishment with accountant – $2,500 – $3,500 (Payable to accountant)

Deposit for land – $5,000-$10,000 (Payable to land agent, bank details will be noted on land contract, this is not an additional cost)

PPA to builder – $5,000 (Payable direct to builder. Bank details will be noted on PPA agreement sent via DocuSign)

Commercial Valuation – $3,000-$3,500 (Invoice will be issued from the bank and this is payable direct to the bank)

Development Application – $1,500-$2,500 payable to council

2. Standard HMO House and Land Pack

Total HMO Service Cost: $9,995 + GST

Structure Establishment with accountant – $2,500 – $3,500 (Payable to accountant)

Deposit for land – $5,000-$10,000 (Payable to land agent, details will be noted on land contract, this is not an additional cost)

PPA to builder – $5,000 (Payable direct to builder and will be noted on PPA agreement sent via docusign)

Commercial Valuation – $3,000-$3,500 (Invoice will be issued from the bank and this is payable direct to the bank)

Service Commencement

Services commences upon receipt of payment of the service fee. This fee is fully refundable if financing is unobtainable after consultation with our finance team, minus any applicable STRIPE processing fees. To avoid STRIPE fees, you can pay by direct transfer into the HMO Property Co bank account using the details below.

Refund Policy

If a suitable investment property is not sourced within 180 days, the respective payment fee will be refunded, less any incurred administrative, consulting, or professional fees.

Agreement Acknowledgment

By signing this agreement, you authorise The HMO Property Co to proceed with the outlined services and agree to all terms. Payment will be processed through a STRIPE-powered gateway, or direct bank transfer.