Any landlord who owns one or more properties in a university city can expect to see more students seeking rental accommodation shortly since according the latest figures, the numbers of students has increased by 5% from last year.<\/p>\n
I have to confess, I was rather surprised by this news as, like most people, I was under the impression that a university education has become so expensive in the last couple of years that many A level students had decided to skip university and get a job instead. But obviously I was wrong!<\/p>\n
So why is this good news for landlords?<\/p>\n
Rental properties aimed at students can be a good bet if you want a regular income. Unlike many tenants, students are less bothered about the d\u00e9cor and whether or not the house has a garden and all mod cons. You can also expect a steady stream of tenants if your property is in a convenient location for the university or college, and with the average student rent increasing all the time, there is no doubt that targeting students is a good plan.<\/p>\n
In the more popular student hotspots such as Edinburgh, the demand for student accommodation is at an all-time high, which of course is pushing rents ever higher thanks to the economics of supply and demand\u2014always good news for landlords!<\/p>\n
However, it is better not to be too greedy and risk losing a regular income from the local student population. With university fees rising, the cost of accommodation is likely to be the deciding factor when looking for somewhere to live; even more so than the location of the nearest pub.<\/p>\n","protected":false},"excerpt":{"rendered":"
Any landlord who owns one or more properties in a university city can expect to see more students seeking rental accommodation shortly since according the latest figures, the numbers of students has increased by 5% from last year. I have … Continue reading