Letting to students can be an excellent option for landlords.

What are the advantages?
You can be sure of a high demand and long rental periods resulting in high yields especially in the North. Manchester, for example has the biggest student population in Europe so you can be sure that demand will outstrip supply. Landlords have a guaranteed market that is predictable whatever is happening in the economy.
What should I consider?
Properties tend to suffer more wear and tear when let to students, and as a result you are likely to spend more on maintenance at the end of the tenancy than you would with a traditional let. In addition, most students will expect properties to be fully furnished. You are likely to be letting to shared occupants (ie not a family group) so you will need to comply with rules around House in Multiple Occupations (HMO’s)
How can GMC help you?
It’s approaching the time of year when students start going back to university. With it comes the challenge of keeping student houses and halls of residence well maintained without creating extra work for yourself or your facilities management team. To help you we’ve put together our top maintenance tips for letting properties to students. Continue reading »