Renting out student lodging is slightly different to letting your house out to professionals or families. There are a couple of things that are particular to students that may help you to enjoy more success as a landlord targeting this market. Here are a few leading thoughts to assist you get more from your rental property.
Use Durable Fixtures and Fittings
Most students do not care for luxury fittings and elegant interiors. What they desire are furnishings, components and fittings that are easy to keep clean and which are long enduring. The less work they must do the better, so if you have furnishings which routinely ends up being dirtied or stained this is only going to produce work for them.
Fortunately is that you can frequently find completely adequate fixtures and fittings without having to invest much money, which is perfect when you are letting student accommodation.
Highlight Nearby Features of Interest
One of essential things for students when they rent a building is how far they will need to go to find the things that interest them. It is for that reason a good idea to highlight nearby clubs, bars and nightclubs in your marketing copy, along with nearby stores and grocery stores.
Another essential factor will be how near the home is to the university, so make this clear when you are marketing the property.
Half-Price Rent for Three Months
Lots of students return to their parents’ houses or go on a trip during the long summer months. It might be a clever idea to offer your tenants a special offer, such as a half-price lease for these months.
You will not have any task to do during these three months, and it is a great way to draw in more students to your apartment. It is great as long as they consent to leave the property during that period.
Employ an Estate Agent
Many students do not want to look too far for a property, and they will often go to their nearest estate company specialising in student accommodation.
This implies it is a great concept to register with a great letting company that has an excellent track record, and this might well help you to let out your house quicker.…