The demand for student lettings is at an all-time high, standing at a staggering 1,489,110 students, according to Cushman & Wakefield’s 2023 UK Student Accommodation report.
96.4% of students require housing at some stage of their academic journey, across 74 different locations in the UK. The period 2022/23 – 2023/24 saw the strongest leap in student rental growth.
While this growth poses plenty of financial benefits for lettings agencies, it also presents challenges, with more leads to process and more lettings deals to complete – all at isolated times of year.
Here, we share the most effective things to consider in order to avoid losing student leads and start managing student lettings leads.
The challenge of managing student lettings leads
One of the key challenges student lettings present is that they can be overwhelming; they flood in in quick succession at certain times of the year.
In many major cities, properties are released around October to January, with demand quickly accelerating, putting extra pressure on lettings agents. Demand usually dies down gradually after three or four months.
Without further inspection, student lettings leads can be difficult to differentiate from regular lettings leads.
A further challenge is that it can be hard to determine which students are best qualified for specific properties, for example whether or not they have guarantors.
So how can you ensure that your student leads are managed effectively and that no lead gets lost at this busy time of year?
The key to managing student lettings leads
Communication
As with all lettings, effective communication is crucial.
Ensuring all leads are acknowledged is important and gives the best first impression of your business.
This is made possible with an efficient and coherent lead management system. Find out more about how Callwell can help you start managing student lettings leads efficiently.
Callwell also allows you to prioritise out-of-hours enquiries, sending an autoresponder by email or text, meaning no student lettings leads are slipping through the net.
Communicating within your team or across branches is just as crucial as staying in touch with leads themselves. Callwell’s Internal Messenger makes this simple.
Software
Having reliable software in place forms the foundations for efficient communication, collaboration and speed, even at the busiest times.
Choosing the most suitable digital platform means you can have one central hub to identify, organise and track the progress of each of your student lettings leads and communicate with them easily.
Callwell consolidates the student lettings leads from your website, portals and ads into one streamlined inbox, allowing your negotiators to identify, qualify, track and communicate with leads easily and with full visibility over the entire lead management process.
How Callwell can help
Our services make managing student lettings leads simple, providing you with these key features:
- Student status verification via email or text
- UK-based guarantor check
- Desired move-in date
- Solo or joint applications
- Non-student lead filtering
- Custom questions to qualify leads
Callwell gives negotiators the ability to instantly qualify student lettings leads, separating them from regular lettings leads and allowing you to toggle between student and standard rental enquiries whenever needed.
If you’re interested in finding out more about how Callwell can keep you on top of your student lettings leads, visit our Student Lettings page and get in touch to book an introductory call.
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