There’s no doubt that all-inclusive landlord bills have grown in popularity in recent years because they help students budget more effectively, it’s also something a landlord can easily do with Glide.
Firstly, let’s look at the type of student property to rent out.
While under-graduate students are usually less fussy about outdated decor or a small garden, a house shared with a number of housemates won’t phase them. They will want to be near to the shops, bars, places to eat and within a short taxi ride into town.
Post-graduates are more likely to be concerned about peace and quiet both in and outside the house. Properties close to the university campus will appeal, however, their tolerance for a damp patch in the bathroom will be lower.
Cheap but effective student broadband deals
And, like undergraduates, there will be a need for cheap but effective student broadband deals.
The property’s location is key, so landlords should work out where the other student properties are located. Students take comfort in living amongst other students.
Also, public transport links, local shops, proximity to their campus and the odd pub will all act as selling points to prospective student tenants.
So, what type of house should landlords offer to student tenants?
Three-bedroom houses are reasonably priced and if the right one is chosen it is easy to turn a downstairs reception room into a fourth bedroom. Four tenants is a good number, as it provides enough rental income to pay the landlord’s overheads, such as their mortgage, without needing a House in Multiple Occupation license (HMO).
A HMO will only cost a few hundred pounds but minimum standards for the quality and up keep of the property are strictly enforced.
Look for houses in a good state of repair but don’t be put off by a dated bathroom suite. Students are rightly entitled to a safe, clean, hygienic home but they won’t mind the odd heavily patterned carpet or brown kitchen tiling. They might even decorate for you!
Spacious rooms with high ceilings are ideal. A student’s bedroom is a place to socialise, eat, make the most of their student broadband deals with film nights or researching their gap year and study as well as sleep so the bigger the better. Victorian terraces are perfect in size, shape and style.
Late payments to utility providers
Finally, undergraduates will have little experience of independence and bill paying so save yourself, and them, the hassle and heartache of late payments to utility providers and sign your property portfolio up to Glide Utilities as soon as possible.
Speak with the Glide team now to discuss how to offer all-inclusive landlord bills for a student property.