Are you ready for the return of student property lets?
The academic term is fast approaching. And for many students it will be their first experience of university without major COVID-19 restrictions.
With more rental movement than last year, there’s going to be significantly more demand from students looking for homes to rent. Especially in major cities and student centres.
Are you prepared for the return of student applicants?
We know letting to students can be lucrative for both for landlords and agents operating in the student rental sector. But there are drawbacks too.
Student properties typically pose more maintenance issues than non-student rentals. And there are more compliance requirements for Houses in Multiple Occupation (HMOs), too.
Choosing the right property management software
If there’s one thing you need when renting to students, it’s having the right systems to stay on top of all the paperwork.
Multiple tenants, increased regulations and the potential for more maintenance issues all contribute to a huge amount of documents.
And don’t forget the seasonality of student rentals too. An entire student portfolio can be let within the space of weeks as students scramble to arrange accommodation for the following academic year.
You need those documents in one place, fully accessible and auditable. And with efficient signing processes too.
4 ways Alto simplifies managing student property lets
- Juggling multiple tenants. That’s easy with Alto’s built-in e-signing functionality, ensuring documents are fully signed by all parties. This also means that signing up to third-party e-signature services is a thing of the past.
- Quick and efficient maintenance reporting. Stay on top of maintenance issues whether at the start, middle or end of the tenancy with quick and effective reporting through Alto’s integration with PropertyFile. This keeps your landlords and tenants informed, while giving you the peace of mind that all maintenance requests are tracked and actioned.
- Eliminate the need for multiple systems. Access sales, lettings, maintenance and accounts from one central system.
- Store all your documents in one secure place. Save all documents relating to a tenant, property or landlord in one central location, with simple and secure access for you and your team. From anywhere, 24/7.
Are you looking for property management software to help manage your student housing portfolio? Book your free demo here.