How to Optimise Portfolios with Short Stays – Part 3: How short stays create value for student accommodation buildings designated for student-only occupancy?
Over a series of 4 articles, we look at why short stays are a key part of the mix for student accommodation portfolios. We investigate when and where they are able to transform a building’s economics with accretive NOI, and how to ensure your short stay strategy delivers maximum value to all stakeholder groups.
- Part 1: Understanding short-term rental demand
- Part 2: The case for short stays in tier 2 and tier 3 cities
- Part 3: How short stays create value for student accommodation buildings designated for student-only occupancy
- Part 4: Short stay best practices for student accommodation operators
We hope you find these articles informative. If you have any questions at all and would like to speak to one of our student accommodation specialists, please just send an email to hello@getlavanda.com.
Local planning authorities have historically restricted the majority of student accommodation to student-only occupancy. However, just because a building is designated for student-only occupancy does not mean it is unable to tap into flexible renting opportunities that boost NOI. Suffering significant void periods throughout the year is no longer an acceptable norm for this class of inventory. In fact, at Lavanda more than a third (38%) of student accommodation buildings active on our platform are currently designated for student-only occupancy – and what’s more is that this is one of the fastest growing segments of our business.
Keen to understand what all the fuss is about? In this article we lift the lid on how buildings designated for student-only occupancy can practically embrace short and medium-term renting to significantly improve asset performance.
