As the new academic year approaches, landlords in London, Ontario, who manage student housing must prepare for an influx of tenants. Ensuring that your property is ready for students can help attract and retain tenants while providing a comfortable and conducive living environment for their studies. Here are some essential back-to-school tips for student housing.
1. Conduct Thorough Property Inspections
Before students move in, conduct a comprehensive inspection of the property. Check for any damage or maintenance issues that need to be addressed. This includes inspecting plumbing, electrical systems, appliances, and overall cleanliness. Addressing these issues beforehand ensures a smooth move-in process and reduces the likelihood of complaints.
2. Provide Clear Move-In Instructions
To facilitate a seamless move-in experience, provide clear instructions to your new student tenants. Include details on key collection, parking arrangements, and any move-in day procedures. Providing a welcome packet with important contact information, property rules, and local resources can also be very helpful.
3. Create a Study-Friendly Environment
Students need a quiet and comfortable space to study. Ensure that the property has adequate lighting, comfortable furniture, and sufficient internet connectivity. Consider creating designated study areas in communal spaces or ensuring each bedroom has a desk and chair.
4. Safety and Security Measures
Student safety is a top priority. Ensure that all locks on doors and windows are functioning correctly and consider installing security cameras or alarm systems if not already in place. Providing a well-lit exterior and ensuring that common areas are secure can also enhance safety.
5. Set Clear Expectations and Rules
Outline clear expectations and rules for your student tenants regarding noise levels, parties, guests, and maintenance responsibilities. Providing a detailed lease agreement and a tenant handbook can help set these expectations. Encourage open communication and make yourself or your property manager accessible for any questions or concerns.
6. Offer Flexible Lease Terms
Many students may only need housing for the academic year, while others might stay through the summer. Offering flexible lease terms that cater to their varying needs can make your property more attractive. Consider options for subletting or short-term leases to accommodate different schedules.
7. Organize Social Events and Resources
Creating a sense of community can enhance the student living experience. Organize welcome events or provide information on local events, clubs, and organizations. Providing resources on local amenities, public transportation, and campus facilities can also help.
