The Benefits of Renting to Students
2 minute read
If you’re thinking about buying a property to let, it is likely that you are going to be considering your options in terms of tenants. It is up to you to decide the type of people that you allow to rent from you. You could choose working professionals, non smokers, people on housing benefit; these are just a few of the options. A lot of landlords are reluctant to rent their properties to students, but they may not realise that there are actually a number of benefits that come with renting to students.
High Rental Yield
One of the biggest ways in which you will benefit from renting your properties to students is the fact that you are likely to get a much higher rental yield. It is important to remember that there will be a number of students contributing to the monthly rent, so you will get far more than what you would get if you were to rent to a working professional. If you want to generate the most profit from your properties, then renting to students is definitely something that you should consider.
Peace of Mind
Another very important point to keep in mind is the fact that if you rent to students, you will have parental guarantors. This means that you shouldn’t have to worry about not receiving the rent that you are owed. However, if you were renting to a single professional, or even a family on housing benefit, you may not secure such a reliable guarantor. This can be very risky, as there is every chance that you will not receive you rent. This can cause a lot of stress and a loss of profit. If you want to play it safe, then renting to students is definitely something that you should consider. As you can see, there are some valuable benefits that come with renting your properties to students. Although many landlords have a dim view of student tenants, there are many who are making huge profits from them. Some landlords have the view that students are all about partying, but this is not the case. Whoever you want to rent your property to, use Just Mortgage Brokers as your independent broker for buy to let mortgages. We will do everything that we can in order to make sure that you receive the best service possible.