Top tips for landlords letting to students

If you quiz any number of portfolio landlords, a high percentage will say they started out letting property in Southend to students. The question for many parents with children starting university this year is whether to join the ranks of southend on sea - student rental propertiesstudent landlords. If you decide to buy your first investment property in Southend with student tenants in mind, the following tips will help your property quickly attract interest.

Broadband is a deal breaker

Students want fast broadband over and above anything else. When buying an investment property, check the broadband speed yourself. The latest National Union of Students survey states that 82% of students need reliable access to the Internet and this is a ‘must have’ requirement when selecting a property. Landlords should anticipate broadband being a prerequisite to any student rental agreement in the not too distant future.

A place for everything and everything in its place

The majority of students have more belongings that ever before and they need sufficient storage, so make sure you have ample cupboards and wardrobes in your property. A lot of students will have suitcases and boxes they need to keep for future moves. Providing storage will also avoid piles of clutter and offer a safer and tidier environment in which to live. This should be important to all private landlords in Southend because it means less potential damage and fewer repair bills.

All Inclusive

For many students, starting at university or college is the first time they’ve been away from home. This often means the first time they’ve had to live within an often small and tight budget. Over 70% of students regard inclusive bills as either an essential or important factor when choosing a property. Bills can cause stress and create arguments in a shared house, which can mean landlords are left with unpaid bills at the end of tenancies. All inclusive bills are an easy solution to avoid these issues and are simple to set up and manage.

Keep the sitting room for sitting

Today’s students feel that having a large communal area is important when choosing a property. While landlords can be tempted to forgo the living space and make way for an extra bedroom, it’s worth noting that four person tenancies are the most popular way to live for UK students today. Therefore a four bedroom property with a large communal living area will ensure more potential tenants than a five bedroom house without a shared space for socialising.

Get Online

There is no point advertising in the regional newspaper when the chances are your future student tenants could be from the other side of the country. Work with a local Lettings agent in Southend to get your property on to the main student rental portals for maximum exposure. A local agent will also know the price of other student houses for rent in Southend on Sea and be able to offer expert advice on how to price your property for rent.


Martin Ransom is Office Manager at Pace Plc, an independent Southend on Sea Letting Agent.

With nearly 25 years experience in the property industry, Martin is well placed in his role as Branch Manager for Pace.

After joining the business in 2010 Martin took it upon himself to foster excellent customer service among the team and this continues to position Pace as a leader in its field today.


Pace Property Lettings & Management Ltd
   
South Essex Landlords and Property Investor Network
   
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Pace Sales

 

"I am a landlady with many properties and have dealt with Pace for about 10 years. Marcus is very friendly, honest, efficient and helpful and has made my letting experience extremely easy always finding me suitable tenants. I have nothing but praise for Marcus who has been with Pace many years.

Mary R

After renovating a block of 21 flats to place into our rental portfolio we instructed PACE and gave them two weeks to let all the units on a sole agency basis. They marketed the flats for a week and conducted a strict open house event on the following Sunday for 4 hours. Within this slot 15 flats were let with the remainder let the following week.

The Director of Runwood Homes

As a landlord with multiple HMO properties, I have employed the services of PACE for a number of years now as they ensure I have my required specification of tenant placed in all my rooms. I only let rooms to employed applicants and very much favour their opening hours as this attracts and accommodates the right people.

Johnathon Simons HMO Landlord

Sara is my dedicated property manager and has been for some time. I have always found Sara to be a very professional member of staff. Sara always keeps me informed and provides regular visit reports, which is important for any landlord. Sara deals with any problem that befalls her, contacting me if she needs to. Sara will discuss any problem and invariably come to a solution.

Raymond Durrant – multi property landlord

The staff are always friendly and helpful, my special thanks to Sara, we have built a very special rapport and I feel very comfortable phoning if I need anything. I feel very happy that I have one person to deal with all of my issues.

Evelin Jenkins - Tenant

We cannot stress how much we appreciate having a dedicated property manager for our properties. We live 350 miles away and also spend a great deal of the winter out of the country. To be able to phone our manager who understands our properties and how we operate is for us complete peace of mind.

Peter and Maureen Mason – Multi property landlords

I was extremely thankful I chose PACE to conduct the sale of my property and extremely grateful to Sue Mellor who worked very hard to ensure a smooth transaction. She was most knowledgeable and professional throughout, always reachable and approachable. She was able to answer all the questions I posed.

Yvonne White

I've recently purchased a property with the help of Pace. I found the staff extremely helpful and friendly. My first contact was Katie, she showed me around the property and liaised with the vendor. After, I dealt mostly with Sue Mellor. She was very knowledgeable and helpful. She kept me informed throughout the process and was the first to congratulate me on completion.

Roni Miller

I just thought I'd drop you a line about Adele Moore who is managing my flat. Adele is doing a great job and is a credit to Pace. She has done, and continues to do, exactly what she says she will do and as a customer that is exactly what I want. Adele doesn't take things at face value and investigates things when she needs to, again a thing that clients will prize.

Tony Mihill - Landlord

Thank you to the team at PACE for firstly providing excellent property management services over many years and secondly for helping me to sell my property recently.

All your hard work has been very much appreciated. Special mentions to Sara, Amy, Sue and Billy for their friendly and professional service!

Charlotte, (Property Management & Seller)