diff --git a/compute_hyperv/nova/vmops.py b/compute_hyperv/nova/vmops.py
index 9b14f34c..c988a2bc 100644
--- a/compute_hyperv/nova/vmops.py
+++ b/compute_hyperv/nova/vmops.py
@@ -352,9 +352,11 @@ class VMOps(object):
     @contextlib.contextmanager
     def wait_vif_plug_events(self, instance, network_info):
         timeout = CONF.vif_plugging_timeout
-        events = self._get_neutron_events(network_info)
 
         try:
+            # NOTE(claudiub): async calls to bind the neutron ports will be
+            # done when network_info is being accessed.
+            events = self._get_neutron_events(network_info)
             with self._virtapi.wait_for_instance_event(
                     instance, events, deadline=timeout,
                     error_callback=self._neutron_failed_callback):
@@ -365,6 +367,18 @@ class VMOps(object):
                         'instance.', instance=instance)
             if CONF.vif_plugging_is_fatal:
                 raise exception.VirtualInterfaceCreateException()
+        except exception.PortBindingFailed:
+            LOG.warning(
+                "Neutron failed to bind a port to this host. Make sure that "
+                "an L2 agent is registered on this node and alive (Neutron "
+                "Open vSwitch agent or Hyper-V agent), or that Neutron is "
+                "configured with a mechanism driver that is able to bind "
+                "ports without requiring an L2 agent on this host (e.g. OVN "
+                "mechanism driver). If you're using Neutron Hyper-V agent, "
+                "make sure that networking-hyperv is installed on the "
+                "Neutron controller and that the neutron-server service was "
+                "configured to use the 'hyperv' mechanism_driver.")
+            raise
 
     def _neutron_failed_callback(self, event_name, instance):
         LOG.error('Neutron Reported failure on event %s',
diff --git a/compute_hyperv/tests/unit/test_vmops.py b/compute_hyperv/tests/unit/test_vmops.py
index aa1b013b..1933405d 100644
--- a/compute_hyperv/tests/unit/test_vmops.py
+++ b/compute_hyperv/tests/unit/test_vmops.py
@@ -611,6 +611,18 @@ class VMOpsTestCase(test_base.HyperVBaseTestCase):
             deadline=CONF.vif_plugging_timeout,
             error_callback=self._vmops._neutron_failed_callback)
 
+    @mock.patch.object(vmops.VMOps, '_get_neutron_events')
+    def test_wait_vif_plug_events_port_binding_failed(self, mock_get_events):
+        mock_get_events.side_effect = exception.PortBindingFailed(
+            port_id='fake_id')
+
+        def _context_user():
+            with self._vmops.wait_vif_plug_events(mock.sentinel.instance,
+                                                  mock.sentinel.network_info):
+                pass
+
+        self.assertRaises(exception.PortBindingFailed, _context_user)
+
     def test_neutron_failed_callback(self):
         self.flags(vif_plugging_is_fatal=True)
         self.assertRaises(exception.VirtualInterfaceCreateException,