Charles Perrett Property ltd

Charles Perrett Property Ltd.

Swansea's National Award Winning Property Agency

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Why Students Lettings Are Good For Landlords

21/11/2016 18:34

Tom Perrett explains why letting your property to students can be a profitable decision.

Why Landlords Should Let to Students

Basically they are here for 11 months of the year. So, although you’re missing out on that one month’s income in the Swansea student letting market, obviously other cities are different in the UK, but ours works on an 11-month tenancy.

They usually pay half rent for the July and August period to preserve the property, full rent from September to June. For example, you might have a house that would have earned £500 to £700 of income, suddenly jumps up to £1,500 or more income per month.

So although perhaps there’s a little bit more wear and tear on the property and a little bit more managing of younger people, as we touched on before, when they are 18 years old and just in, they need spoon feeding a little bit on how to pay bills, etc.

But the rewards, way outweigh the negatives, I feel.  And our landlord clients with student property, are all still doing it so they must be doing something right.  And I think that we are very clear to our students when they come to us.

It’s not a party house; they can have gatherings but they must respect the property.

More Information:

Charles Perrett Property Ltd
6 Walter Road
Swansea
SA1 5NF
Tel: 01792 652 620

Pembroke Office
Rainbolts Hill Farm
Roach
Pembrokeshire
SA62 6AF
Tel: 01437 807790


Back to blog ....
Call Us today on 01792 652 620
Charles Perrett Property Ltd. 6 Walter Road, Swansea, SA1 5NF
Charles Perrett is an award-winning Swansea Letting Agent specialising in Student Accommodation in Swansea, Property Sales and Investments, Property Management, Property Maintenance Including Residential and Commercial Cleaning, Construction and Development and HMO Licensing Work.
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Why Students Lettings Are Good For Landlords

21/11/2016 18:34

Tom Perrett explains why letting your property to students can be a profitable decision.

Why Landlords Should Let to Students

Basically they are here for 11 months of the year. So, although you’re missing out on that one month’s income in the Swansea student letting market, obviously other cities are different in the UK, but ours works on an 11-month tenancy.

They usually pay half rent for the July and August period to preserve the property, full rent from September to June. For example, you might have a house that would have earned £500 to £700 of income, suddenly jumps up to £1,500 or more income per month.

So although perhaps there’s a little bit more wear and tear on the property and a little bit more managing of younger people, as we touched on before, when they are 18 years old and just in, they need spoon feeding a little bit on how to pay bills, etc.

But the rewards, way outweigh the negatives, I feel.  And our landlord clients with student property, are all still doing it so they must be doing something right.  And I think that we are very clear to our students when they come to us.

It’s not a party house; they can have gatherings but they must respect the property.

More Information:

Charles Perrett Property Ltd
6 Walter Road
Swansea
SA1 5NF
Tel: 01792 652 620

Pembroke Office
Rainbolts Hill Farm
Roach
Pembrokeshire
SA62 6AF
Tel: 01437 807790


Back to blog ....
Call Us today on 01792 652 620
Charles Perrett Property Ltd. 6 Walter Road, Swansea, SA1 5NF

Charles Perrett is an award-winning Swansea Letting Agent specialising in Student Accommodation in Swansea, Property Sales and Investments, Property Management, Property Maintenance Including Residential and Commercial Cleaning, Construction and Development and HMO Licensing Work.

Sitemap | Terms & Conditions | Privacy Policy | Cookies Policy

© Charles Perrett Property Ltd 2017. All rights reserved. Powered by BaySoft