Are you set for the student rush?
Are you fully exploiting the student lets market? Have you shied away from this lucrative sector because it involves too much work? We’re coming into the peak student accommodation period and Viewber is giving agents the chance to capitalise on the rush for rentals among undergraduates by adding on demand capacity.
The peak student let months are here
August and September are busiest months for student activity, with A Level results published, clearing opened and the last dates undergraduates can submit applications for 2019 entry. The results of all three will determine which university a student goes to, heralding a dash to move into accommodation. These two months will also see retuning undergraduates entering into the private rented sector for the first time.
Be ready for the rush with Viewber on side
The above creates a ‘perfect storm’ for letting agents, with 100s of check ins to perform, and the workload can quickly become overwhelming. We have Viewbers in every university town and city, ready to meet students and conduct fixed-fee inventories and open houses on behalf of letting agents. “For agents, the lure of the student let is the management fee but profit margins need to preserved, and that means concentrating on income-winning tasks and not those that take up too much time or involve lots of travel. Agents can order a Viewber to meet students at the property, undertaking the check in process and carrying out an inventory while they enjoy valuable office time.
Viewbers also provide an excellent overflow service when the influx peaks and in-house resources are squeezed. Our Viewbers can be booked with as little 24 hour’s notice, making Viewbers ideal for busy spells and when annual leave or unexpected illness leaves you short staffed.
Why tap in to the student lets market?
The student lets market is thriving. With over 2.34 million students in higher education during the 2017-2018 academic year* and the National Student Accommodation Survey 2018 discovering that 50% of students are living in private rented accommodation, there is no shortage of tenants.
Yield advantages for landlords
For landlords, student lets can produce attractive yields, as highlighted by Totallymoney’s buy-to-let yield map 2018/2019. Its research revealed that university hotspots are lucrative for landlords - cities with a high student population are considered a safe investment bet. Nottingham, Liverpool, Manchester, Leeds and the North East (Newcastle Upon Tyne, York and Durham) were singled out with some of the UK’s highest rental yields.
Viewber is the perfect partner for any letting agent wanting to break in to this market and for those hoping to increase lets to undergraduates. As well as check ins and inventories, Viewbers can also undertake property inspections, with illustrated reports filed online back to the agent within 24 hours. Ask us for more details.
*HESA Student record 2017–18