Are you thinking about renting your property to international students?
Most landlords are put off by the idea of renting to international students. But you can have more security, attract a higher quality contract holder, and have better income protection.
If you are considering the idea, here is how we can help you to rent your property to international students in Swansea.
1. Protect Your Income
Usually, before accepting a contract holder, we will ask them to provide a guarantor that can fund the rent if they can’t. Most people will opt for a family member or close friend to be their guarantor.
When renting to international students, they usually won’t be able to find a guarantor from the UK. This can make legal cases harder to progress if an issue arises. That’s why it’s common for international students to pay rent in advance, usually between three and six months.
2. Check Right-To-Rent
One of our landlord services is to check that an international student contract holder has a right to rent in the UK. This process involves asking to see various documents, like the student’s visa. We will also check the information is legit and make copies of the documents.
Learn more about how to complete a right-to-rent check here.
3. Provide More
We recommend that student accommodation is usually furnished with a lot more than the basics. If you’re renting to students, you likely already provide more furnishings. But if you’re considering renting to international students, this is essential.
These students may not want to buy toasters and kettles on their first day arriving in the UK. They also won’t want to take bulky items home. If you want to attract a high-quality international student contract holder, we will help you to make sure you are providing a great offer and comfortable living.
4. Make Sure Contract Holders Fully Understand The Agreement
International students will have lots of new rules they need to learn when moving to the UK. Alongside learning the renting rules, they’ll need to brush up on their rights to work, local area amenities and social etiquettes.
To help protect you, we recommend to landlords that you make sure your international student contract holder fully understands the agreement. International students can usually get support and advice from their university’s advice service. We can help to direct them to the right support if we believe they may be struggling.
Talk To The Experts
Are you a landlord or homeowner thinking about renting your Swansea property to international students?
Here at Belvoir Swansea, Mumbles & Sketty, we provide advice and landlord management services that can make renting your property, easy for you.
Contact us today on 01792461929 or email us at swansea@belvoir.co.uk.
