Providing a Student Flat with Help from Letting Agents in Battersea

College or university students need a prime staging area for their academic pursuits—and to make it to class on time. An article posted in the Plymouth Herald notes:

AS a landlord or letting agent, there are many factors to consider when renting a property, including finding your ideal tenants. On first glance students may not be your first choice, but new findings by utilities and service provider for students, Glide, and Accommodation for Students, found that students are in fact the most desirable tenants. The annual report reveals that 69 per cent of landlords and letting agents feel it is better to let to students than non-students. This was consistent across all regions in the UK with the exception of London, where just 43 per cent preferred student tenants.

Landlords in Battersea may see the potential in having their places open to accommodate people attending nearby centres for higher education. The borough is home to reputable institutions such as the Royal Academy of Dance and the Royal College of Art. If you want to lease your property to help students in need of viable accommodation, enlist letting agents from Battersea like those at Manage My Property (MMP) to handle things for you.

When planning to engage a letting agent to lease your property to students, you need to check the person’s experience in such tasks and, if need be, crosscheck it with certain schools. Apply for an HMO Licence if you’re aiming for at least two student-tenants. The study notes that landlords pay up to £770 a year in HMO fees for a single property, but stresses the potential return on investment if a good number of tenants shared the property. Have the property insured as well to help cover damages.

Sometimes, the landlord can find themselves negotiating with the student and their parents, and the letting agent is the facilitator of the leasing agreement. The study saw much potential in bringing the parents into the equation: 45.6% of respondent landlords were confident of parental guarantees in making sure the rent is paid, while another 25% expressed comfort at students who pay the rent on time. The rent must have inclusive fees.

You can rely on professional Battersea letting agents like the MMP team to scout for the most suitable tenants for your property, but it is also vital that the tenants themselves get along well in the long run. The study recommends arranging an open house for the tenants to meet and be advised of their responsibilities.

Putting up a property for students to let can be an enriching experience for the owner. It is also a chance to help the students become more mature and responsible.

http://www.manage-my-property.co.uk/home/areas-covered/letting-agents-battersea-sw11