What Students Look For In A Flat
As a landlord, it is likely that you have a lot of aims and ambitions with respect to your rental property, but you can’t solely focus on what you want to achieve. In fact, if you are looking to enjoy as much success as a landlord as possible, you need to think about what your tenants are looking for.
It also helps to focus on the tenant demographic that is most likely to let your property. When you have a likely tenant, you can tailor your property and offerings to what this group is looking for. Understandably, when you provide tenants with what they are looking for, they will be more likely to rent from you.
At Student Circle, we help landlords reaching out to the student market. This is a lucrative market, and it has been a market that has long been synonymous with the rental market. Landlords in and around Coventry looking to attract student tenants need to know what students look for in a flat, and we are here to help you tailor your property, and promotional activities, to meet the needs of this market.
Students want convenience
Most students are looking for convenience when it comes to rental accommodation. Halls on campus are obvious the most convenient solution for students but not every student can live here. Therefore, there are many students looking for rental accommodation off-campus, but convenience is still important.
If you are a landlord looking for a property that is suitable to let to students, consider its location compared to the main educational facilities in or around Coventry. If you are within walking distance of the main bodies, your property will likely be in high demand.
However, you should find that offering property that has a dependable transport service to and from campus will be just as appealing to students. In fact, if you offer rental accommodation that is located between college or University and the town centre or areas that offer entertainment options for students, your property will be in demand.
Students need to know what they are spending money on
All tenants need to budget but this is a priority for students. In this regard, some students would prefer to let a property where all their bills are contained. When the monthly rent includes board, electricity, broadband, TV licence and all other utilities, it becomes much easier for students to budget their finances for the month ahead.
There is no need for landlords to bundle all these items together and some tenants may believe they can save money by organising everything separately. However, this is a convenient solution and it is often the best solution for a household.
It would be difficult to persuade students to agree on a utility provider, so if a landlord takes responsibility for these services, and then allocates a monthly fee for each tenant, the process becomes easier for the landlord and student tenants, we can in fact take this completely off your hands as we have access to a number of companies specificially set up for dealing with students and already have a lot of landlords who use us to manage there bills.
(Ask us about our fact sheet on how to ensure energy usage is kept to the minimum)
Can you offer a 9-month let?
If you can offer students a 9-month let, as opposed to letting for the full year, you may find that your rental accommodation is in more demand. Students who are keen to return home or go travelling at the end of term will find this style of let to be appealing, and it may be that offering this style of let will help landlords attract more tenants to their rental property.
If you are a landlord looking to attract tenants in and around Coventry, Studentcircle lettings are here to help. We know what local students are looking for in rental accommodation, and we can help you reach this audience. To make sure you provide the best standard of service, get in touch and we will be happy to help.