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Guide to Property Letting for Student

Feb 14, 2013   //   by mecadmin   //   blog  //  No Comments

Property Letting for Students

Student LettingThere are numerous types of renters searching for  a property to let, but one of the most common types of tenants are students. Almost all students view the university as an investment in their future and an increasing number of students are opting to study more rather than take a job after leaving college. This creates a chance to make money from letting student property as demand just keeps on rising.

If the thought of letting a property out to student appeals to you, there are several things that you should learn to help you to get the most out of the experience.

Student Letting comes with its own demands, and having adequate knowledge about this demand can help you  get the most out of your property.  When letting your property to students, using these  tips can be helpful.


Property Location


Property Location is one of the major factors to consider when choosing a property that you want to let to students as  accommodation. The most Ideal location should be near the university,  students' union, as well as near to bars, nightclubs, supermarket and common amenities for students. Additionally, a bigger property is a far better choice because most students commonly live in groups of four, five or more.


 Choose Furnitures That Will Last


Most students simply do not want to spend time and money buying anything for their homes so furnished properties are much more popular.  Choose durable furniture that is built to last. Buy strong furnitures but this does not mean that it has to be really expensive. Choose darker colours for your sofa and carpets that will hide spills and stains that will certainly appear over the years. Also make sure to choose wallpapers or paints that are easy to clean.


Reduce Your  Risk, Get a Guarantor


One of the common issues that landlords has with student letting is that most students aren’t able to provide references. When choosing student  tenants, make certain that you get at least one of his or her parents to be their guarantor to reduce the risk to you.


Agree on a Tenancy Agreement


Make sure that the students understand  what is expected of them regarding  your student accommodation. This may be their first time letting a property and they may not know their responsibilities. Make sure that they know and get them to sign a tenancy agreement that they understand their responsibilities as a tenant.


Get the Help of an Experienced Letting Agent


The most vital of all, with regards to student letting, is to use the help of an experienced letting agent with the know how about working with students.  Using the expertise of letting agents can save you the trouble of preparing documentations needed to let your property. This is where Maison Estates Coventry, Coventry Letting Agent can help. 



Get the Most Out of Your Student Accommodation


Letting a property to students comes with its own demands, so use the tips above to get more out of your student accommodation. Letting to students can be very lucrative if you get it right, knowing  how to get the most from your student accommodation and then start looking for the perfect student tenants.




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