With attractive yields, fewer void periods and an ever-growing number of students, the appeal to rent to students is clear. But if you’re still unsure on whether you should rent your property to students, check out our “everything you need to know as a student landlord” guide below!
If you’d like to find out more about becoming a student landlord, you can check out our guide here.
Why should I rent my property to students?
Guaranteed rental market
Demand and competition in student areas are always strong and consistent. By letting to students, you’ll always have a guaranteed market, no matter what is happening to the economy.
Fewer void periods
Landlords are much more likely to avoid the void when letting to student tenants. As demand for student accommodation is incredibly high and consistent, at the end of a 12-month contract you’ll already have your next set of tenants queued up and ready to move in on the contract start date.
Students are usually reliable tenants, as their rent is subsidised by student loans. Even if a tenant has issues paying on time, you can always fall back on their guarantors to pay the rent on their behalf.
Long tenancy terms
Students usually rent a property for a minimum of 12 months. With longer tenancies, you’ll spend less time and have less stress finding new tenants. Plus, lots of student tenants request to extend their tenancy for another year.
Letting to students usually offers much higher yields than the rest of the private lettings market. You are able to utilise space by converting spare rooms into additional bedrooms, enabling you to obtain much more rent than renting to a family or professionals.
When is the best time to advertise your property on the market?
Knowing when to advertise your student property is the key to ensure that you find student tenants in adequate time.
Each university city in the UK will be different, but students can start to search for student accommodation as early as October for the following academic year. That’s why at StudentTenant.com we recommend uploading your student property or updating your property advert as early as possible for the following academic year!
How to advertise to students
List your student property online with StudentTenant.com
Students usually start their accommodation search online - so make sure you’re putting your property in front of them! All you need to do is upload your property with us, and we’ll advertise your property for free on StudentTenant.com and all other major property portals.
Top tip: Upload high-quality photos of the whole property and write an enticing description to make sure your property stands out.
Choose the right rent
The most crucial step when renting your property - how much is it going to cost? If you’re not sure how much you’re going to rent out your student property for, we recommend searching through some properties in the local area to get an idea of how much you can charge.
Top tip: Students are usually cash-strapped so make sure you’re not overcharging on rent - as you may not get much interest!
As student letting experts, we focus solely on working with student landlords and advertising student accommodation. We’re a national online student letting agent with thousands of student properties across the whole of the UK, and our team have years of experience working in the student letting market. No matter if you need help managing your student property, or advice specifically for the student letting market, our team are here to help you.
If you’re already a student landlord, you must check our new tenant checklist to make sure your student property is ready for tenants when they move in. You can check out our guide to new student tenants here.