Rent my room to students – Is it a good idea? If you have a spare room in your house or flat, you may be thinking about renting it out. One option if you live near to a university or college is to rent the room out to students, but is this wise?
If I rent my room to students, am I going to be subject to lots of noise, late night parties and delayed rental payments? This is what goes through most people’s minds when debating whether to rent a room to a student. The truth is, the risk of renting to a student is no different to renting to anyone else. It is up to you to establish some ground rules and to conduct your search carefully. If you do this, you shouldn’t experience any issues, students or not. There are actually some great benefits associated with renting to students. Firstly, there is a high demand for rooms across the country. If you do not rent to students, you are limiting yourself to a very small audience. Also, you may find that a lot of students pay in advance, especially when their parents are covering the cost of accommodation. Plus, you can put down their parents as a guarantor, which gives extra security. Student renters are also generally less fussy, meaning you can get away with minimal décor. You can also make more money by renting out a room in a student area, and it can be quite rewarding knowing you are helping someone during their studies.
Ok, I’m convinced; I want to rent my room to students, what now? Well, this is where Bellrooms Ltd comes in. Our online platform enables you to advertise up to 20 rooms with ease. All you need to do is enter some details and hit submit. It could not be easier, and at the moment, our service is available free of charge. Head to https://www.bellrooms.com/.