The rise of PropTech (property technology) has revolutionized the real estate industry, and student housing is no exception. Short-term lets enabled by PropTech are becoming increasingly popular among students, allowing them to rent out their accommodation for short periods of time. This type of rental agreement is beneficial for both students and landlords, providing a flexible and cost-effective solution for student housing.
Short-term lets are typically offered for periods of one month or less, and are often used by students who are studying abroad or taking a gap year. These agreements are beneficial for students as they can rent out their accommodation for the duration of their stay, without having to commit to a long-term lease. This allows them to save money on rent and gives them the flexibility to move around as needed.
PropTech has made it easier for students to find short-term lets, as there are now numerous online platforms that provide listings of available properties. These platforms make it easier for students to compare prices and find the best deals, as well as providing them with information about the property and its amenities.
For landlords, short-term lets enabled by PropTech are a great way to generate additional income from their properties. Landlords can rent out their properties for short periods of time, without having to worry about finding long-term tenants or dealing with the hassle of managing a property. This type of rental agreement is also beneficial for landlords as it allows them to charge higher rates than they would for a long-term lease, making it a more profitable option.
Overall, short-term lets enabled by PropTech are a great option for both students and landlords when it comes to student housing. This type of rental agreement provides students with the flexibility and cost-effectiveness they need, while also allowing landlords to generate additional income from their properties. With the help of PropTech, short-term lets are becoming an increasingly popular option for student housing.