When letting to students, be competitive
26th Sep 2012
Landlords who are letting out their rental homes to students should make sure that they are being as competitive as they possibly can with their rental demands in order to ensure that they get good returns.
This is the opinion of Charlie Cunningham, chief executive officer of FreshStart Living, who said that landlords really have just one chance a year to rent out these properties, and for this reason, must get their asking price right.
"If you are trying to advertise it at too high a price and it doesn't get filled up, then you have got an empty property for a year," he added.
Mr Cunningham also advised that it is important to make sure that what is provided in the home is sufficient to what students would expect to receive.
He said that things such as white goods, beds, wardrobes and desks should always be provided as a standard, while some landlords may also opt to bring in full furnishings to make the house more accessible.
It was also reported by Mr Cunningham that the increase in fees for students, which has seen many people charged £9,000 per year by their university, has not had an immediate effect on landlords, as it is generally a long-term issue.
Posted by Staff Writer: Ewan Robertson
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