Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Renting Property to Students in Edinburgh; Considering Pros and Cons

By Graham Lamont Subscribe to RSS | February 26th 2012 | Views:

The number of students visiting Edinburgh to study is rising every year as the government is encouraging more foreign students to study. With this there is a growing demand of student properties. These are particularly the ones, which are close to universities, colleges, public transport etc. Besides this there are many landlords who prefer to rent out there properties to students, as they are rented out almost the entire year.

There is a number of purpose built accommodation for students, like, halls of residence, houses of multiple occupation. Still there is demand of student properties. This is where private landlords come in.

Plus side of renting property to students

The rents of student properties are increasing as there is an excess of demand over supply. Moreover students don’t mind sharing living rooms, kitchen etc, hence there can be more tenants in a student’s let and accordingly yields will be high. Having students as tenants mean that you will not be committed into long term contracts. Also the fact that student’s are tolerant, undemanding and easy going.

Downside of renting property to students

Sometimes student tenants can be noisy and disruptive and you might have to face penalties from your local council for that. Student properties are mostly empty during the summer vacations. Moreover, student tenants also have problems providing credit references. Maintenance bills of such properties are mostly high, as students are careless and they are mostly living in the form of groups. Researches have also shown that with the growing number of private purpose built student accommodation, the demand for private lettings is reducing.

Playing safe when renting property to students

If you want to rent out your property to students, then you must take certain steps to be on the safe side. Letting out property only to students that have been recommended by their colleges is a good way to start. The landlord must clearly explain them their responsibilities and give them the house pack. Ask them to provide for references, if they fail to do so then you must ask for a guarantor in case they are unable to pay the rent. The landlord must create and inventory of the state of the property and its items and explain the tenants that they will be responsible for any repairs and damage to the property.

Student preferences

In a nutshell, the students are looking for good value for money and convenience. They prefer areas which are in close proximity to their universities and other friends. Also areas which have shops, restaurants, cafes, local stores, banks close by, as most of them don’t have cars.

Graham Lamont - About Author:
Graham Lamont is a marketing officer for Greenlet, property lettings website in Edinburgh. If you want more information on edinburgh flats to rent, please visit rent flat edinburgh.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Business Articles Subscribe to RSS

The Superlative Alternative in flats in Chandigarh –Turn It Inside Out!
Published by Deepti on March 1st 2012 | Business
Of late, augmented growth and advancement in Chandigarh landed property has been amongst the newest ...
Reasonable flats in mohali
Published by Deepti on March 26th 2012 | Business
If the individuals are looking for feasible commercial or sub-urban Mohali property, then they shoul...
Sunny flats – a perfect way of living a blissful life
Published by Deepti on March 21st 2012 | Business
Mohali has witnessed outstanding growth and development in the last couple of years. The place with ...
How to Handle Disputes Between Neighbors in Edinburgh flats
Published by Carol Riley on April 4th 2012 | Business
Being part of the Edinburgh flats culture means that you will have to deal with neighborly disputes....
Well furnished flats in Mohali at affordable prices
Published by Deepti on March 24th 2012 | Business
Mohali is liked by many people and it is also the new eco town of Punjab. It is now considered as th...
Own Chandigarh flats at monthly installments
Published by Deepti on April 2nd 2012 | Business
The capital of Haryana and Punjab is Chandigarh and it is rightly named as the ‘city beautiful’ ...
Guidelines on renting flats in Edinburgh
Published by Jessi Ashley on May 24th 2012 | Business
Edinburgh is a very beautiful city having marvelous landmarks and spots that attracts the tourists. ...