Students report finding renting a property stressful, with a lack of communication with landlords cited as one of the major reasons why, new research shows.
Overall, 61% of current university students find securing a rental property one of the most stressful parts of their entire experience at university, with 66% saying that it is due to a lack of communication with landlords.
The study by student lettings app SPCE also found that 70% of current students say that rental accommodation for student tenants is often in a poor, run-down condition.
However, the research shows that the relationship works both ways, with seven out of ten landlords saying that they would not let their properties to students, as they do not trust them not to cause damage.
As a result, 77% of students and 84% of landlords are in favour of a system that would provide ratings to landlords and tenants, based on previous tenancies.
Leon Ifayemi, the CEO of SPCE, says: “Students and landlords are dissatisfied by the current state of student lettings, underpinned by a lack of trust and communication between both sides. It’s interesting to see many landlords refusing to let their properties to students, perceiving them as bad tenants.
“This couldn’t be further from the truth. With parents acting as guarantors, there’s a very low risk of students not being able to pay rent on time or provide compensation for damages. What’s more, students are also not deserving of lazy stereotypes of them as reckless party animals, as they are far more conscientious than that.”
The proptech firm believes that its app can improve transparency and communication between students and their landlords.
We encourage all landlords, including those letting to students, to remember the importance of good communication with your tenants.
Ensuring a good line of communication with your tenants will not only help to create a stronger relationship between landlord and tenant, but will also help if any disputes arise. Your tenants may also be more likely to protect your property and stick around for longer (which prevents void periods) if you have a good rapport with them.