Advertising your student property and finding student tenants cheaply, effectively and hassle free
Sounds impossible right? If you're a company or an individual who lets out accommodation to students, sourcing tenants and having a completely smooth ride along the way sometimes seems like an unrealistic aspiration. It doesn't have to be though. Here at StudentTenant we have been through it all, and we have done everything we can to try and build our website in a way that reduces the initial leg work for property advertisers.
Below we have put our top tips for keeping your stress levels at a minimum when trying to get new tenants in your student property:
1: Utilise online services and use advertising portals that have tools that do the initial leg work for you. Things like allowing students to book viewings on-screen, online messaging systems and online help centres to filter out uninterested parties. StudentTenant even has an artificial intelligence tool which automatically answers over 50% of student questions without any human intervention to filter out the time-wasters.
2: Show as much information as is physically possible on your adverts, to prevent students wasting your time on viewings by realising it is not suitable when they get there. Transparency is a must, and detailed descriptions with attractive words like ‘beautiful’, ‘stunning’ and ‘spacious’ are proven to get more views. StudentTenant has loads of great features which removes the need to spend endless hours jazzing up your advert. Tools like automatically giving the distance to the university, along with displaying the nearest public transport links, allowing students to make informed decisions before they view.
3: Stay competitive! Depending on where your student property is, you may be able to rise your prices yearly. However, some areas in certain cities are becoming less desirable. You should always try to stay in a similar price bracket to others advertising in the area, otherwise students will just dismiss your property straight away. On StudentTenant we offer a landlord valuation tool which takes data from similar properties in your area from the most popular advertising portals including ours, and provides you with an average based on your postcode.
4: Keep your property up to date. Standards are rising year on year and if you've had your property for 10 years and it looks the same as when you first started letting it, it does show. It will have an impact on letting your property if the décor is looking tired. More and more student accommodation is becoming available with fantastic facilities and edgy design. If they can get it somewhere
else, you should be offering the same thing to be in with the same chance of letting.
Here at StudentTenant we aim to be more than just an online advertising platform. We are here to offer advice on all aspects of the student market, and we can give you a great insight into market trends based on the large amount of data we collect. Not only that but it is completely free to advertise on our most basic packages for private landlords making it even less stressful.
Visit www.studenttenant.com and register your student property today for a completely smooth ride when it comes to finding student tenants.