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The Smart Property Blog

Creating The Perfect Ad (10 Student Property Management Tips)

The HMO market (particularly for young professionals and student property) is a competitive place to be operating in right now. With further investment rolling in from the southern counties and overseas, 2018 looks set only to see more high quality HMO's hit the market. Some recent memos from student property management companies and letting agencies in Sheffield, Leicester, Manchester and further afield, have already hinted at over-saturation in some highly concentrated areas. With all of this uncertainty, one way of making sure you fill the rooms quickly in your professional HMO or student property, is to get your 'to let' advert right. In this article I share some expert tips and tricks that I've learned over the last 10 years to help you advertise your property more effectively. 

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Why landlords should offer all-inclusive bills [HMO management tips]

Are you missing a trick by not offering a 'bills inclusive' rent to your student tenants? Well, the short answer is yes! Yes Yes Yes! An increasing amount of student tenants are becoming attracted to the idea of an all-inclusive rent package because it allows them to forecast their outgoings more precisely, and it makes their life simpler! If you're a landlord who's considering an all-inclusive rent offer for the academic cycle (or even to young professionals in a shared house), but youre' concerned it'll leave you out of pocket and take up more of your already limited time, fear not! These days, HMO management is all about effeciency and value for money and students do expect to pay a little bit more for this hands off and time saving inclusion! But student landlords should not be left out of pocket, and there's a way to manage it quickly and efficiently which should actually save you time in the long run! This article talks you through it, step by step! 

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The Mandatory certificates every HMO landlord needs (INC. HMO LICENSE)

Landlords of student accommodation all over the UK have a number of legal obligations to fulfill, and depending on the type of property you let or exactly where it is, there may be some additional considerations to take into account. In this article, we guide you through your legal responsibilities so you can be confident you're doing it the right way! We invest and manage student property in a number of cities including Sheffield, Manchester, Salford, Nottingham and Leicester, but remember, you should always check your obligations with your local council. There are  regional variations and additional requirements, and if you get it wrong, you could be liable and some councils impose hefty fines that can be backdated! 

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PURPOSE BUILT STUDENT ACCOMMODATION IN Leicester [10,00 beds in 2018]

Although Purpose built student accommodation in Leicester is nothing new, it is now impossible for any student letting agent in Leicester, or indeed any investor who owns or develops student accommodation in Leicester, to ignore it’s rise in popularity. The last 5 years have brought significant changes in tuition fees, increasing graduate employment competition, more restrictions around lending as well as the more recent and surprising unfavourable changes to SDLT. For student landlords, these changes have made it even more difficult to make the maths stack up in the private sector. That, combined with the attention institutional investment has shown the student accommodation market in Leicester, and the City Council’s continuing approval of large accommodation schemes in the city centre, has given way to a massive pipeline of PBSA that is no longer supplied by the University of Leicester or De Montfot University.  I've heard 10,000 beds may be in the making. Student landlords and student letting agents can not ignore this any longer. 

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THE BIG CONCERN OVER 'RISING' STUDENT ACCOMMODATION IN MANCHESTER & SALFORD

As safe as the housing market may be, few can deny that the student housing markets in Manchester and Salford are starkly different to how they were five years ago. We’ve got the 2012-2013 tuition fee hikes to particularly thank for that whilst Brexit too has had its own effect. Whilst many commentators seem to think that the only decision making students are capable of are choosing between two types of cheap lager, the reality is different and for student property investors everywhere, it’s worth taking note.

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PURPOSE BUILT STUDENT ACCOMMODATION IN SHEFFIELD [THE RISKS & WHAT TO DO]

Purpose Built Student Accommodation (PBSA) is nothing new to student property owners or any student letting agent in Sheffield. But nobody can ignore it. The tuition fee hikes, tougher graduate job competition and Brexit have all changed the landscape and demographic of higher education in the last five years or so.  Tighter restrictions around BTL student property investment now makes it even harder for the private sector to accommodate the vast demand for student accommodation not supplied by the educational institutions. And this is where PBSA comes in. 

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Student Accommodation in Leicester [2017 Market Recap]

According to Zoopla, last year the average price for a student property in Leicester was £206,115, whilst that average rose to £215,257 for August 2017, a growth of 1.11% on the year before. According to Rightmove’s Rental Trends Tracker for the East Midlands, asking rent saw an annual change of 2.7% and a quarterly change of 2.0%, suggesting Leicester’s rental market picked up in the last six months, no doubt aided by strong demand from student accommodation. This more or less reflects the wider picture. The national average of asking rent (outside of London) is up 1.9% on last year and up 2.8% over the last six months, which is roughly in line with the 2.7% average of the last five years

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Sheffield BTL Market Recap [From a Student Letting Agent in Sheffield]

It’s been tough times for Sheffield’s Buy-To-Let landlords. As a student letting agent in Sheffield, we're at the eye of the storm! Le'ts take a look at the last year of activity and take you through the new legislation, and what it means for the future. According to Zoopla, last year the average price for a property in Sheffield was £180,927, whilst that average rose to £189,277 for August 2017, demonstrating modest growth of 0.19% on the year before. According to Rightmove’s Rental Trends Tracker for Yorks. & Humber, asking rent saw an annual change of 1.3% and a quarterly change of 2.2%, suggesting things picked up in the first two quarters of 2017. Indeed, this somewhat reflects the wider picture of the national average of asking rent (outside of London) with an annual change of 1.9% and a quarterly change of 2.8%, in line with the 2.7% average of the last five years. In all, asking rents hold up despite a 7% increase in available properties.

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5 tips for summer [from a student letting agent in Leicester]

The Leicester property market is positively booming with a +2.14% increase in bricks and mortar values over the last year and considerably more in the student areas of town, with HMO's fetching a premium. Average rental prices in Clarendon Park are also well above the East Midlands’ average, suggesting tha demand continues to outstriup supply in the popular areas of Leicester.  If you own a student rental proeprty, the average asking rent in Leicester is now £70 per week per student/room, and depending on the state of your property and how effective your student accomodation company is in Leicester, you could be achieveing as much as £121 per week. But with such such fierce competition how do you stay ahead of the curve?

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Student Property Management Sheffield [5 tips for summer]

Summer is here and for many landlords in Sheffield, our student properties may be sitting empty until September! With house prices on the up, we’re looking at how can you keep your property ahead of the trend this summer!

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