By choosing to rent to Students you can provide certainty of any voids (empty rental periods) of your property by up to 19 months in advance. Although void periods are not necessarily a good thing they are inevitable when letting rooms but then you are in the market place where House shares are earning you up to 2.5 x regular market rent for your property. The good news is that these inevitable voids will likely not be bad. Firstly, your student market typically choose and secure their rental property in January of each year (whilst your existing tenants are in situ) for commencement of their tenancy in September for a course that ends in July the following year. That’s providing certainty that you will know what is happening with your tenancies for up to 19 months in advance, and 8 months advanced notice of new tenants moving in.
We issue minimum 11 month tenancies for students whilst working applicants will require less appetising 6 month tenancies. Therefore, student lets would typically leave you with a 2 month void annually. However, often we achieve 12 month tenancies for those students that are on 12 month courses (such as dental or nursing). Any void periods can be planned well in advance by up to 19 months and you can either carry out planned maintenance during these periods, or rent to students for their summer months at reduced rent, or we can rent your property to language students or those requiring just a short 2 month let.