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student accommodation

Rent rise

Sep 9th, 2010
by Simon.
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Continuing with the student accommodation theme (well it must be all those annoying Back to School offers we’re inundated with at the moment on TV and in newspapers!) this article was interesting, highlighting the increases in rent for student properties which are well above inflation.

Apparently it’s all due to the fact that property owners in the buy-to-let market are finding mortgages more expensive – and these costs are being passed on to the students.

As a landlord, if it’s costing you more to buy the property shouldn’t you also be making sure that your tenants look after it?

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No room at the inn

Sep 1st, 2010
by Simon.
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We noticed a recent article which highlights a problem in York that is typical of many University towns. Student numbers have increased but University-owned accommodation has been reduced. On top of this, councils are refusing to allow permission for houses in multiple occupation (HMOs) in some areas of the town.

Whilst this high demand for student accommodation is always good news for landlords, it’s important to make sure that you get the right tenants living in your properties. Ones that are going to take reasonable care whilst living there – and if they don’t, you can make sure that repairs to damage are covered from the deposit.

And as we’ve always said, the only way you can do that effectively is with quality video evidence!

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Bank of mum and dad

Aug 24th, 2010
by Simon.
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As a business, we’re always keen to promote the benefits of a high quality video inventory to landlords. But we were delighted to hear last week about the benefits it has to tenants too – or rather their parents!

At a business networking meeting last week, one of the members commented that in five years of her children living in rented student accommodation whilst at University, she had never received a full – or even significant – deposit back from any landlord (no matter how well the house had been looked after).  However this year her daughter had lived in a house where a video inventory had been carried out – and within two weeks of the tenancy agreement finishing the deposit had been returned in full.

I wonder if there is a market out there for housemates to get their own video inventory done before they move in if the landlord hasn’t? What do you think?

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