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.
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.
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.
Are you looking for property management software to help manage your student housing portfolio? Book your free demo here.