Grow Your Business News Property Manager Tips

4 Game-Changing Services to Offer Student Tenants4 min read

30 September 2022 3 min read
Avatar photo


4 Game-Changing Services to Offer Student Tenants4 min read

Reading Time: 3 minutes

In the current state of the real estate market, especially in the student housing and co-living sector, it is particularly important that property managers differentiate their properties from other properties on the market. The top way that property managers can make their properties stand out from the competition is by offering services included in the rental price per month.

While it may seem obvious that offering services can be a great way to gain new and high-quality tenants, what services are the BEST services to offer to generate the highest return on investment? Here are the top 4 services we have found are the biggest game changers when it comes to gaining more clients in the student housing market and increasing overall revenue.

1. Close proximity to public transport & universities 

Image from Unsplash

In the student housing market, close proximity to public public transport and universities is KEY! A service that property managers can provide to further differentiate themselves from other units is offering a monthly transportation pass as an option to be included in the rent. Having tenants pay more to include a transport pass in their monthly rent and expenses may not provide any new revenue streams, but it does increase rapport and reputation which in the long run may convert to longer staying tenants and referrals from current tenants to new ones. 

2. Local amenities– shopping, eating out, culture, recreation

Image from Unsplash

A major way for property managers to attract better tenants is managing properties that are in an area where there is a lot to do. Student tenants are not just looking for a place to sleep and cook their meals, they are looking for a place to be able to go out, have fun, and enjoy their life outside of the classroom. Property managers can even partner with local businesses to offer their tenants discounts, which not only benefits the property manager but the businesses as well. Also, the monthly rent can be higher when units are available in these trendy and high demand areas. 

3. Community Events

Image from Upsplash

A huge factor when deciding to live in a co-living or student housing space is the factor of building community with those who are also living in that space. Putting on events in co-living spaces such as game nights, building-wide dinners, or scheduled outings that are all included in the rent can be a huge selling point for a student looking for a place to live. 

4. Discounts on subscription services 

Image from Unsplash

An innovative way for property managers to diversify their revenue streams is by partnering with other businesses such as meal plan services, grocery stores, furniture rental services, gyms, and other companies to give their tenants discounts on subscriptions to their services. By doing this, the company will pay the property manager to promote their services by giving the tenants a specific promo code, and the property manager may get a small percentage of the profits made off of their tenants using that code. 

Considering Affordability

While every tenant wants availability to more services, it is important to consider biggest factor in this sector of tenants is affordability. Especially in the student housing and co-living sector, property managers need to be very intentional when they are deciding what services to offer tenants. If you are spending more money than you are making off of the services you are offering, it may be time to reassess which services are the most important to YOUR tenants. It is essential that property managers weigh this factor when considering what services to offer to tenants, since every situation is different. 

  1. […] better, as they can capitalize on those specific needs and therefore increase their profits through offering services catered specifically to their international student […]

  • […] to worry about, property managers can quickly rise to market leaders in these areas. Offering student-specific services, getting the word out to universities about your units, and offering top of the line communication […]

  • binance app

    I don't think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.

  • Crea una cuenta gratis

    I don't think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.

  • Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?

  • binance sign up

    Your point of view caught my eye and was very interesting. Thanks. I have a question for you.

  • Binance美国注册

    Thanks for sharing. I read many of your blog posts, cool, your blog is very good.

  • Awesome! Its genuinely remarkable post, I have got much clear idea regarding from this post

  • criar uma conta binance

    Your article helped me a lot, is there any more related content? Thanks!

  • How To Create Website Audit

    How To Create Website Audit report for free ? watch this

  • Afterwest

    Its like you read my mind You appear to know a lot about this like you wrote the book in it or something I think that you could do with some pics to drive the message home a little bit but instead of that this is fantastic blog An excellent read I will certainly be back

  • email temporary

    thats good great article...keep posting..

  • BusinessDem

    Just wish to say your article is as surprising The clearness in your post is just cool and i could assume youre an expert on this subject Fine with your permission allow me to grab your RSS feed to keep updated with forthcoming post Thanks a million and please keep up the enjoyable work

  • Belowflows

    I loved as much as you will receive carried out right here The sketch is tasteful your authored subject matter stylish nonetheless you command get got an edginess over that you wish be delivering the following unwell unquestionably come further formerly again as exactly the same nearly very often inside case you shield this hike

  • BuzzGalaa

    hiI like your writing so much share we be in contact more approximately your article on AOL I need a specialist in this area to resolve my problem Maybe that is you Looking ahead to see you

  • BusinesAfair

    I loved as much as you will receive carried out right here The sketch is attractive your authored material stylish nonetheless you command get got an impatience over that you wish be delivering the following unwell unquestionably come more formerly again since exactly the same nearly a lot often inside case you shield this hike

  • NeuroTest ingredients

    Thanks I have just been looking for information about this subject for a long time and yours is the best Ive discovered till now However what in regards to the bottom line Are you certain in regards to the supply

  • Autumn Osinski

    wow men thats great very nice post..

  • Jared Welch

    wow men thats great very nice post..

  • Marley Trantow

    wow men thats great very nice post..

  • men thats great very good..

  • men thats great very nice..

  • disposable email

    This is my first time pay a quick visit at here and i am really happy to read everthing at one place

  • mail temp

    Hi there to all, for the reason that I am genuinely keen of reading this website’s post to be updated on a regular basis. It carries pleasant stuff.

  • qweqtt

    I was suggested this web site by my cousin Im not sure whether this post is written by him as no one else know such detailed about my trouble You are incredible Thanks

  • Temp Mail

    Stumbling upon this website was such a delightful find. The layout is clean and inviting, making it a pleasure to explore the terrific content. I'm incredibly impressed by the level of effort and passion that clearly goes into maintaining such a valuable online space.

  • bwerpipes in sinjar

    Enhance Your Farm's Productivity with Bwer Pipes: Discover Bwer Pipes' comprehensive range of irrigation products designed for Iraqi farmers. Our high-quality pipes and sprinkler systems ensure even water distribution for healthier crops and increased yields. Explore Bwer Pipes

  • Leave a comment

    Your email address will not be published. Required fields are marked *