Next Steps for Landlords in Student Housing

Monday, June 8, 2020

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With colleges and universities releasing their plans for next semester, landlords and property managers are trying to decide what their next steps will be. Figuring out how to be proactive during a time of uncertainty can be challenging; but it is important to have a plan in place, regardless of what happens, to ensure success.

 

Do Your Research

  • Look at how schools are adjusting their semester plans:
    • Are campuses migrating to virtual classes?
    • Are campuses combining in-class with distanced learning?
    • Are students returning for complete in-class studies?
    • Are on-campus residences opening or remaining closed?
  • Do students still need to live near campus for when regular classes begin again?

 

Prepare Yourself and Your Rental Unit

  • Evaluate internet speeds and bandwidth for students studying remotely
  • Convert unused space into remote learning areas
  • Make unit showings, lease agreements and payment processing available virtually

 

Promote Your Rental Property

  • Ensure that your unit is advertised online to students looking for off-campus housing
  • Include photos and floor plans of the unit within your online listing
  • Produce virtual tours for your online listing with resources like Matterport
  • Highlight any safety measures or unit changes you have made to the unit that enable productive distanced learning

 

We encourage landlords and students to continue to work together and monitor the college or university’s website for accurate and up-to-date information on next semester's plans here.

 

SEE ALSO:  COVID-19 Update - Virtual Showings & Leasing Resources



The Places4Students.com Team