As the expectations and demands of students has continued to grow in both the standard of their education and where they live, so investors and developers have striven to match and very often exceed that expectation. Gone are the days of damp and cramped properties as the rise of purpose built student accommodation allows not just top quality living but a range of services surrounding it.
Unfortunately the provision of property management services into this field has not kept pace with the developments that have been going up. It is vital given the size and significant investment levels to create these assets that the developers and investors choose the right manager to take day-to-day control. It is also essential that the manager is brought in to consult on the development at the design stage to advise as very often small changes can make running the assets much more cost effective.
Seraph Property Management can help on all aspects of management and support of purpose built student accommodation. At the design stage we will review and advise on facilities and layouts to maximise the return whilst minimising the management cost. During the build we will continually review the market and support the developer and set the process for marketing the accommodation in place. As the property manager we do not insist on keeping all marketing in house. We work with local agents to maximise the exposure to the right market locally and overseas to ensure the occupancy rate hits 100%.
Once built and occupied we will continue to ensure that all compliance requirements are met and the resident’s needs are attended to resulting in our high level of satisfaction rates, and increasing the likelihood of maintaining occupancy in our buildings throughout a resident’s academic career.
If you would like to discuss moving the management of your building to Seraph Property Management, or have an investment currently in the planning process we would be delighted to discuss your requirements.