4 Things to Do Before Renting Out Student Flats

PUBLISHED 24 MAY 2019   

4 Things to Do Before Renting Out Student Flats

 

Just because you’re targeting the student housing market, it doesn’t mean that you can skimp on making your accommodation appealing and inviting for your new tenant. In fact, this show of goodwill can go a long way towards fostering a mutually beneficial relationship with your new tenant, while also leading to higher rental yields in the future.

 

Pretoria’s student accommodation market is becoming more and more competitive, and you want to attract high-quality tenants that’ll take care of your property. To do so, you need to make sure that your property offers something extra that others don’t. This will set your flat apart from the sea of other options available to students, and more importantly, their parents who might be signing the rental lease.

 

There are a few things you can do to make student flats more appealing to prospective tenants. Let’s take a closer look at some of the easy things you can do to attract high-quality tenants and ultimately achieve greater rental yields on your property.

 

#1 Welcome Tenants to the Student Flat

 

Make your front door easily visible and accessible to tenants. Do whatever is in your power to achieve this. You could paint the door if the apartment block allows it, or simply clear away clutter and debris from the walkway. A pot plant is also a great way of welcoming prospective tenants, and make sure to fix broken doorbells and screen doors. Also, don’t forget to throw out the welcome mat!

 

#2 Make Your Student Flat Sparkle

 

Hygiene and cleanliness play a far bigger role in the rental process than many landlords would imagine. Deep cleaning your student flat will always win points with finicky parents who are nervous about letting their kids fly the coop. Putting them at rest by showing them that their child will move into a clean and hygienic space might just snag you that higher rental you want.

 

#3 Paint Wisely

 

You want to create a space that is conducive to studying. A neutral and no-frills paint job is what you need. You can’t go wrong with a fresh coat of beige or white paint. It will help the student to stay calm in their retreat from a hectic academic workload and create a safe space for them to enjoy.

 

#4 Fix the Small Stuff

 

Replace the broken lamp in the oven, fix the droopy towel rail in the bathroom, and fit new fixtures where necessary. It’s the small things that will attract a prospective tenant and that will inspire them to keep your property in great condition throughout their tenancy.

 

Want to Rent Out Your Student Flat in Pretoria?

 

We have been bringing landlords and tenants together in Pretoria for many decades and continue to set the bar for excellence in our industry. Throughout the years, we’ve helped countless landlords achieve favourable returns on their investments by renting their flats out to high-quality and vetted tenants. We can do the same for you. Our team is proud of our long history of excellent service in this regard and continue to work hard to far exceed all expectations placed upon us.

 

We take care of every aspect of the tenancy – from advertising student flats to vetting prospective tenants and taking care of rental collections. By doing so, we take the hassle out of property management for our landlord clients. Contact us to learn more about us and what we can do for you. Our team is at hand to answer your questions and to help make your decision an easy one.