As a busy lettings agency we are continuously focussed on delivering the best advice and service for our Landlords, especially when it comes to avoiding empty properties. We've seen a rapid increase in working professionals renting rooms in HMO's/Co-Living properties and families renting their new homes, however the student market is trailing behind massively.
It'll come as no shock to learn the Covid-19 pandemic pretty much single handedly flattened the student rental market, with more and more courses moving online, the international student intake is down by a staggering 80% across the board resulting in an influx of available accommodation floating on the open rental market. We're in a rare state where the tenants are dictating the terms to agencies and Landlords on a "take it or leave it" basis.
Landlords need to be more flexible to ensure longevity in the investment and reduce those voids. Here's a couple of tips or things to consider when renting a HMO/Co-Living property to students:
Always happy to share industry insights. Feel free to get in touch with any questions.
Hi I'm Peter Baker,
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