Similarly, if you’re a landlord, it’s good to have an idea of what your future tenants are looking for to make your property as desirable as possible.
So, what is it that makes the perfect student rental property in Newcastle? Follow our guide and you’re sure to have comfortable tenants and a positive student-letting experience.
When you’re a student, it’s very common for things to change suddenly. From shifting work placements to new friendships, it can be hard to commit to a student rental property for a long period of time.
Due to this, many student landlords in Newcastle offer shorter lease terms on student houses — some as short as six to 12 months. With shorter lease periods, your tenants will have peace of mind knowing they can move out if needed without losing any of their pennies. What’s more, they’ll also be less likely to terminate their tenancy, forcing you to find new tenants in a rush.
For many students, especially international students, your student letting may be their primary home. As a landlord, it’s important to view your property as a permanent living space instead of a temporary one — no matter the lease period.
As such, you should ensure that your property is decked out with essential furnishings. Think of everything you’d need to make a house a home. We’re not saying you need posters, candles, and potpourri — but a sofa, a nice kitchen table and chairs, a TV, and ample storage go a long way.
To help you furnish your rental property, why not make a list of everything you need in your own home to get by day-to-day? Once you have this list, you’ll be better equipped to get your property student-rental ready.
If your tenants are studying in Newcastle, chances are they’ve moved from another location to this new and exciting city. This unfamiliarity can cause anxiety for new students, so you must make your property secure and safe wherever possible.
Ensure that your property’s outdoor areas are secure with walls, gates and fencing. You could also invest in a camera doorbell, security cameras, and smart locks to alleviate any security anxieties or concerns.
Privacy is also a key consideration for many student tenants. Whether they’re moving in with a group of friends or to a new house-share, all bedroom doors should come with a locking mechanism for safety, security, and comfort.
As a landlord, you have a duty to take care of your property and tenants. It’s likely that your tenants will want to contact you to discuss any maintenance issues or to query rental payments. To foster a relationship of trust, it’s always a good idea to provide them with your business phone number and your availability for calls or texts.
Even better, you could schedule reminders to check in with the property and the tenants. Ask them how they’re doing, whether anything needs attention at the property, or if they have any questions. Most importantly, always be proactive. If there’s ever a maintenance issue that arises, be sure to take action as soon as possible.
At Seekers, our team knows that a property is more than just four walls. We strive to provide an open dialogue with our clients, delivering a high-quality service that you can trust.
We want what’s best for you and your property as a professional landlord, so why not get in touch with us to let your property?
For more information, take a look at our Landlord Hub for additional resources and advice regarding student lettings.