COVER STORY
sign a surety document which binds the signatory to honour the student ' s debt .
Your insurance will not cover a tenant ’ s personal items so your lease should clearly state that if a student ’ s belongings are stolen , you ’ re not liable to cover any replacement costs . I advise that security cameras are installed in all common areas , especially for the fridge and laundry room .
Collecting Rent
Depending on your business model , you will either be collecting rent from bursary officials or directly from the students or their parents .
Bursaries usually require a monthly invoice or a once off invoice in the beginning of the year before they make payment . If you are dealing with a student directly , you should hand deliver