Many a landlord has been enticed into the property rental market as they have been attracted to the high rental yields the student market provides.
With limited accommodation in close proximity to Universities and rent paid per room it can certainly be a worth while endeavor, however it is important that some consideration is given to all the costs:
Houses that are rented out in this way need to be brought up to House of Multiple Occupation (HMO) standard if they are not already.
The current definition off a HMO is set out in Article 143 of the Housing (NI) Order 2003. This defines a HMO as:
A house occupied by more than two qualifying persons, being persons who are not all members of the same family.
In summary becoming a student landlord may be a good move for you if you take into account all the contributing factors some of which have been discussed above, as well as keeping yourself informed of current legislation in regard to HMO, as well as many other legislations that have been brought in recently in the area of property rentals and what they mean to you, for example:
If in doubt it is advisable to make contact with an estate agent who specialises in student rentals to gain further information and advice on all the requirements for rental.