A few days ago, we brought news of proposed two-year, fast-track degrees. Although it has not been officially sanctioned, they could be available from the 2018-2019 academic year. Some universities already have them for some types of course, but these plans could mean widespread shorter, more intense degrees. Critics have already pointed out a number of potential problems for students, not least the extra cost involved for students. But what of the effects on landlords of student properties?
Potential Negatives of Fast track Degrees
Students who are happy with their arrangements in one year (usually their second year study) will stay on for a second year in their accommodation (their third year as a student). With this reduced occupation time, landlords may find their income directly affected. Two year degrees means that landlords will need to replace their student tenants every year in most cases. This means more searching, more paperwork, more advertising costs and logistics of constantly searching for new students.
This will directly affect landlord’s incomes in terms of increasing the risk of properties remaining empty for part or all of an academic year. If the two-year degree program goes ahead, you can rest assured that Pads for Students will ensure your increased paperwork will be as efficient and as easy as possible. Our database is kept up to date with students looking for accommodation in your area.
Potential Positives of Fast track Degrees
It’s not all negative for landlords though. There are some potential positives. The main possible advantage is that where a property is occupied for more of the year there is a decreased security risk. Properties in high crime areas will know that there is a degree of angst during the Christmas, Easter and summer breaks. During the first two, students will tend to leave most of their valuables in the property to avoid having to carry too much back and forth. There is also a decreased risk of squatters breaking in over the summer. This is a rare occurrence, but a very real worry for landlords.
Another potential positive development for landlords is improved relationships. Students are well-known to be good tenants but as they occupy your rental accommodation for only around half of the year, they may struggle to see it as home. The two-year programs could appeal to mature students who are used to working in a full-time job. There will be a longer period of occupancy, less damage and more co-operation between landlords and students.
How Likely is it to Happen?
As mentioned above and in the previous article, this is only a government proposal at present. They may yet not go ahead or they could remain limited to those courses that already offer them. We will keep Pads for Students users updated as we hear more information.