7 Tips for Student Landlords as NUS Slams Buy-to-Let Investors
7 Tips for Student Landlords as NUS Slams Buy-to-Let Investors
By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.
Student landlords have been accused of cheating students by making unfair deposit deductions and not registering deposits with the deposit protection scheme.
A survey by the NUS, Homes Fit For Study, showed that just 61% of students have their deposits returned in full, with 27% formally challenging landlord deductions.
7 Tips for Landlords:
- Use an inventory company
- Make sure your property is clean and presentable from the start
- Maintain your property to a high standard throughout the tenancy
- Tenants Fees Act came into force in 2019 so follow the rule or risk a fine.
- Deposits must be registered with the government-backed Tenancy Deposit Scheme
- Student letting is a specialised area and you should learn how to do it properly and professionally
- Corporate landlords are out to eat your lunch and will take the best tenants.
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