Developments that are managed are perfect for those looking for hands-off investments. Typically, student properties are run by a management company, who take care of the day-to-day running of the building, including maintenance and finding new tenants. Property management company fees do not generally apply to student accommodation investments.
Those who are looking at buy-to-let investments but who do not wish to be hands-on with the upkeep of the property should consider investing in something that is run by a property management company. Property management companies do command a fee for their services, typically to fully manage a property it costs around 7-10% of the gross rental income.
It is a small charge but you will have peace of mind that your property is being well looked after and that efforts are being made to ensure it is fully tenanted. This is just one avenue to explore should you be interested in investing in property in a hands-off environment.