5.3.2009, 2:08
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#1
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New member ![]() Group: User Posts: 7 Joined: 4.3.2009 Member No.: 49 |
Hello once again.
There is one more thing I though of. It is always a good time to focus on students. Meaning in terms of renting out property to them. Students always are in need of place to live, especially those traveling from other cities or from villages. Of course they may not always be good tenants. But still they are a good target to hit with letting a room or house. What do you think on this topic? |
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5.3.2009, 3:15
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#2
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New member ![]() Group: User Posts: 4 Joined: 4.3.2009 Member No.: 48 |
Seems to be a fresh thought in buy to let mortgages' sphere.
Especially, if you own a big house and have a high rate on your mortgage, letting it to several students might give a fairly nice profit over rental income. But, yes, the only thing that bothers is their conscientiousness, or rather the lack of it. |
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6.3.2009, 9:39
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#3
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![]() Senior ![]() ![]() ![]() Group: User Posts: 31 Joined: 6.3.2009 Member No.: 55 |
well, students don't always turn out to be bad tenants. sometimes, "grown ups" bring much more problems and harm than young folks do. what i'm trying to say is that it all depends on the situation; the owner should meet the tenants beforehand and get a general impression of them.
but yes, I do agree that there's a bigger chance to face problem tenants among teens. |
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8.3.2009, 1:24
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#4
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![]() Senior ![]() ![]() ![]() Group: User Posts: 85 Joined: 3.3.2009 Member No.: 37 |
Hello once again. There is one more thing I though of. It is always a good time to focus on students. Meaning in terms of renting out property to them. Students always are in need of place to live, especially those traveling from other cities or from villages. Of course they may not always be good tenants. But still they are a good target to hit with letting a room or house. What do you think on this topic? The agents who managed one of my property once, used to specialise on renting to students. They even used to supply crates of beers to woo potential students in. The draw back always seem to be the state of the house once they left: carpet covered with everything from all known stains to iron burns, cooker no one could no longer state the original colour of, etc. But, of course, there are loads of advantages and if they outweigh the risks, then it's a bril way to do it! |
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9.3.2009, 5:02
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#5
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![]() Senior ![]() ![]() ![]() Group: User Posts: 31 Joined: 6.3.2009 Member No.: 55 |
QUOTE The draw back always seem to be the state of the house once they left: carpet covered with everything from all known stains to iron burns, cooker no one could no longer state the original colour of, etc. I would say that is a generalization. Not all students are like that; for instance, an apartment rented by a student couple can be kept pretty clean and neat. Of course, if you're letting in 4 boys you should expect the mess. So, I believe, things are quite predictable. |
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17.3.2009, 23:56
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#6
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![]() Senior ![]() ![]() ![]() Group: User Posts: 85 Joined: 3.3.2009 Member No.: 37 |
My apologies if I sounded too stereotypical there. Of course, there are advantages too in letting to students especially if your property is near ther university or in a student area. There should always be a demand, the are most likely to be there for at least 9 months out of 12. And there are always ways to make your accommodation more attractive to them, for example, internet connection in every room (or wireless), fridge, freezer, washer/dryer, few months rent free over the summer hols, etc.
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2.4.2009, 19:27
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#7
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![]() Senior ![]() ![]() ![]() Group: Administrator Posts: 115 Joined: 3.3.2009 Member No.: 36 |
It may be a good idea to let your property to students or buy a property to be let to students, especially, in cities that are considered student ones.As with everything else in business there are always certain advantages and disadvantages that need to be balanced against each other.
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3.4.2009, 14:06
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#8
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![]() User ![]() ![]() Group: User Posts: 17 Joined: 6.3.2009 Member No.: 59 |
another advantage of letting property to students is that this market can hardly see any oversupply because there are always students who need a place to live. and I believe the number of students in need of a rental property will always exceed the number of landlords, willing to go into this kind of business.
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3.4.2009, 20:01
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#9
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![]() Senior ![]() ![]() ![]() Group: User Posts: 36 Joined: 14.2.2009 Member No.: 10 |
It's actually a really good point, p.b.smith! according to recent statistics, number of students is growing and they will always be looking for affordable accommodation.
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25.4.2009, 16:39
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#10
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Senior ![]() ![]() ![]() Group: User Posts: 34 Joined: 17.4.2009 Member No.: 227 |
i personally had a bad experience with letting the property to students. they were really nice folks, don't get me wrong, but simply were too immature to care about the state of the house. yeah the profit was good, but most of it was in the end swallowed by sorting out repairs, decor, and so forth.
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8.8.2009, 6:47
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#11
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User ![]() ![]() Group: User Posts: 20 Joined: 4.8.2009 Member No.: 637 |
Yeah i am totally agree with you today lots of students visit one country to another country just for their study at that time they face rent house problems so we must be focus on this topic and we all should prescribe the great ideas
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1.10.2009, 21:19
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#12
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Senior ![]() ![]() ![]() Group: User Posts: 36 Joined: 2.3.2009 Member No.: 32 |
Things are looking up for student landlords, i would av thought! With student population increasing, there should hopefully be more demand for student lets.
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3.10.2009, 13:54
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#13
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![]() Senior ![]() ![]() ![]() Group: User Posts: 67 Joined: 2.3.2009 Member No.: 25 |
Its true, last years poor economy performance lead to many more school leavers as well as mature students to go to universities. So increase in student properties demands is not surprising. But there are lots of pro-s and con-s to consider when letting to students. For example, what happens when one of the students moves out? Are others responsible for paying his/her rent?
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8.10.2009, 19:55
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#14
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![]() Senior ![]() ![]() ![]() Group: User Posts: 85 Joined: 3.3.2009 Member No.: 37 |
I guess it depends on the terms of their tenancy. Correct me if am wrong but if they all sign the same agreement, they'd all be responsible for the rent and if one moves out, the rest have to fork out for it. And if they sign agreement for renting a room, for example in a shared accommodation, then they should only be responsible for their part.
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16.5.2010, 21:07
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#15
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New member ![]() Group: User Posts: 2 Joined: 16.5.2010 Member No.: 1537 |
Hello once again. There is one more thing I though of. It is always a good time to focus on students. Meaning in terms of renting out property to them. Students always are in need of place to live, especially those traveling from other cities or from villages. Of course they may not always be good tenants. But still they are a good target to hit with letting a room or house. What do you think on this topic? I am a mature student with two children. As you can imagine this presents serious problems with obtaining a property as considered to high risk. Feel free to read about my current situation where I have been a good tenant for three years and had to have my landlord condemned over the boiler which was over 30 years old and needed to be lit with a blowtorch and the electrics which gave us shocks everytime we turned lights on or plugged in an appliance. I just signed a tenancy which is to take affect on the 24th paid upfront and the landlord is now backing out when I have given notice where I live and have no choice but to leave. Often the housing market overlooks mature students with children is my point. No agency will take me despite a good history of paying my rent in full and on time. If you have concerns about younger students it might benefit you to target mature students with young families as we are often in need of good and honest landlords. I can afford just on student loans and maintenance grants £625 a month. That's not bad considering I'm a lowly student with no other income. For me it's finding a decent landlord prepared to accept I can and will pay my rent. I consider it the priority for keeping a roof over my children as my local council are desparately short of houses and would place us in temporary accomodation for an undetermined time if I became dependent on them to house me. Consider your more mature student as more reliable and likely to take longer tenancies |
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17.6.2010, 22:12
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#16
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Senior ![]() ![]() ![]() Group: Administrator Posts: 97 Joined: 26.1.2009 From: UK Member No.: 2 |
I agree that mature students may find it difficult to find a suitable property, despite the fact that they are a lower risk and living on campus with children is not an option. Did you ask your University? As fas as I know all of them have an accomodation office and should have list of private landlords.
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