Brackenfell - 021 982 0965
  Eersteriver - 021 902 0246
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Clients for life.

This is FPS.

The pros of renting property to students

With attractive yields and reliable tenancies, the appeal is obvious. Student tenancies are often arranged early, well before the start of the academic year, and while chasing rent from a group of young people with no income can be off-putting, invariably, collection is easily arranged, and students come with guarantors in the shape of their better-off, more-reliable parents.



"Landlords of good student houses have a guaranteed market that remains predictable to whatever is happening in the economy and the wider property market," says Charlotte Vermaak, Chas Everitt Nelson Mandela Bay principal.

"In Summerstrand for instance, gross yields can be in the region of 10% to 11%, and many people are using a student portfolio to create income in retirement rather than relying on pensions."

Even if the student market is the best option, Vermaak says it takes a lot of work to get the property and the location right. Start investigating sold house prices and speaking to local rental and estate agents to get a clear idea of rental yields and tenant profiles.

“You need to understand local economy drivers and tenant demand before finding out if there are any upcoming changes that could impact future demand for student accommodation from private landlords,” says Vermaak.

What to look for

“Newer or modernised properties are easier to maintain, and ‘functional’ is the key word. So think plain paintwork, hard-wearing flooring and basic, robust furnishings,” says Vermaak.

Position is less important to students, so while being close to campus and easy access into town is crucial, being on the best road and in the best area isn't.

“Students won't reject houses because they're on a busy road, or have a bad view, they will reject them if they're difficult to get to, or cost more than the norm," says Vermaak.
https://www.property24.com/articles/the-pros-of-renting-property-to-students/25097
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8A Gert Kotze Street,
Brackenfell,
Western Cape,
South Africa, 7560
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021 982 0965
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021 982 2509
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23 A Plein Street,
Grand Central,
Eerste River,
Western Cape,
7100

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021 902 0246

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021 982 2509


ABOUT FPS PROPERTIES



Founded by Freddie P. Steyn in 2015, FPS Properties is one of the newest estate agencies in the Northern Suburbs of Cape Town. We are professional, dynamic and fully accredited estate agency. We strive to give all our clients professional and cost effective services to ensure that your property is rented or sold within the amount of time.

FPS Properties is supported by FPS Attorneys who will ensure that all transactions are correctly executed and furthermore will gladly assist with any and all legal queries to give you the added peace of mind.

Our agents are friendly and efficient and will gladly do free property valuations and provide sound property advice.

In short FPS Properties’ philosophy is simple… that by working closely with the client and becoming attuned to their business ethos, we can deliver pro-active and effective solutions thus creating ~ ”Clients for Life”

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