All Topics / Help Needed! / Shared accomidation issue

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  • Profile photo of Property PassionProperty Passion
    Member
    @property-passion
    Join Date: 2005
    Post Count: 172

    Hi everyone, I was thinking of buying a house and renting out rooms to uni student. What i was wondering is When uni comes to an end are you left with an empty room ? How can this be avoided? Might i be able to put a unit student on a lease for 1 year to prevent vacancies?

    If you have any other info on shared accomidation id like to hear from you.

    “It’s not how much money you make, It’s how you spend it that matters.”

    Aspiring property developer

    Giulio Taranto

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,213

    You don’t have to limit yourself to uni students. These days there are many students from overseas studying at English colleges, these don’t run to the same timetable as the unis.

    And then there are the working holiday makers.

    Terryw
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    Profile photo of Property PassionProperty Passion
    Member
    @property-passion
    Join Date: 2005
    Post Count: 172

    fair enough, Is there anything i should look out for when buying a prop for shared accomodation ?

    can i put people on a lease? Will a property manager charge anymore to manage a property like this?

    “It’s not how much money you make, It’s how you spend it that matters.”

    Aspiring property developer

    Giulio Taranto

Viewing 3 posts - 1 through 3 (of 3 total)

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