Choosing the Right Broadband for Landlords

If you’re a landlord, it’s important to attract tenants who will always pay on time, be honest about upkeep issues and generally treat the property with respect. However, short of simply hiking up the prices (which is ineffective without the right amenities), it’s not always easy to attract the right kind of people. Having the right broadband for landlords can be a surefire way to encourage high-quality tenants willing to pay a premium for their home. 

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This blog will explore how ultrafast full-fibre broadband and other fast internet options can be a tool for landlords, explaining why it can act as a lightning rod for the best candidates. 

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Tenants are willing to pay more for high-speed broadband

To put it bluntly, quality tenants are often going to be those willing to pay a little more in terms of rent, especially for the right reasons. According to studies, around 30% of tenants are willing to pay a monthly premium for a property with high-speed broadband. This can be included in the cost of rent, with the fastest broadband speeds available for around £30 from some providers. 

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People who work from home are generally good earners

Working from home is on the rise and it requires a strong broadband connection. If landlord broadband is fast enough, it can encourage remote workers to consider renting the property at a premium rate. 

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Why attract remote workers?

According to Totaljobs, the average income for someone working from home is around £52,000, well above the national average salary of around £35,000. This sort of salary, generally coupled with a strong credit rating, indicates that a tenant will be able to reliably pay their bills. It’s also worth noting that this sort of salary generally belongs to people who are comfortably earning, yet not quite ready to get their first mortgage – making them perfect candidates for a premium rent arrangement. 

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Providing fast internet offers diverse appeal

Quality tenants can come from any age group or background, which is why the best broadband for landlords can be a great way to attract a diverse range of tenant applications to choose from. 

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• Young professionals. Whether working from home or not, this community sees fast connectivity as an absolute essential, making it a great selling point for rentals.
• Students. Students spend a lot of their time studying (and let’s be honest, playing video games), so fast broadband is a necessity in their homes. 
• Older/less tech-savvy people. These people need broadband just as much as anyone else but can struggle with setup – you can provide it for them!

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Find the best broadband deal for landlords

If you’re looking to update your rental property to attract some new, quality tenants, kitting it out with fast broadband might be the best next step. To find quality deals, check out MS3 today – we connect our clients with the top providers of various broadband speeds for fair prices every single day. For more insights, check out our blog! 

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