The PBSA Industry

Purpose-Built Student Accommodation

 

The PBSA industry has shaken up the student accommodation market! With your sleek designs and modernised approach, you offer students additional choice and have encouraged all student accommodation providers to consider their standards.

Your teams are super ambitious and have a commercial mindset. Goals include trying to achieve maximum operational efficiency, creating the best student living experience and using complex pricing strategies to maximise sales and profits.

PBSA

Industry-wide problems that are holding you back

strategic moves

Strategical business decisions

Leaders of businesses within the PBSA sector have many vital decisions to make which will have a profound effect on success. Decisions won’t be made lightly; they will involve lots of external research and trend analysis, as well as gathering internal analytics and reports so that decisions can be made with sound reasoning. 

improve efficiency

Improving efficiency

Purpose-built student accommodation teams are consistently looking for new ways to grow and make every inch of their business more efficient. You believe there is always room for improvement, and the frequent use of business analytics, reporting and satisfaction questionnaires are just some of the means you use to try and achieve this. 

commercial property management

Unifying your brand across all locations

Achieving consistency across multiple business locations can be difficult. This is where having a strong brand identity can really help you thrive. You want your excellence to be recognised which will help enhance trust, resulting in increased occupancy.

software capabilities

Partner capabilities

You want to expand your business quickly, but your current partnerships or property management software is holding you back as they are not able to perform to the level you need.

Integrate with student records

Transferring student details

If you have relationships with universities you may be struggling to find the best way to integrate information from their system, such as student details, to yours.

budget

Managing tight margins

With an increased number of competitors, including universities, the PBSA sector is running on tight margins. Making informed decisions is a challenge, especially without reporting tools that provide you with valuable insight.

Lets deep dive into your specific department

Leadership

Operations

Technology and Systems

Finance and Administration

Sales and Marketing

How can software help the PBSA industry?

Leverage clever pricing algorithms to maximise bookings and profits.
Increase retention rates and customer satisfaction.
Provide advanced websites that integrate with the back-end property management software.
Provide students with a variety of payment options, including APMs (alternative payment methods).
Make the student application process as seamless as possible for both the students and admin staff.
Automate processes, such as rent collection, to get paid faster.
Create clear operational plans so you can complete maintenance at scale and minimise costs whilst providing excellent service and value.
Access accurate real-time reporting functions and forecasting tools.

Show me solutions for...

student

Student Accommodation Management

bedroom management software

Commercial Bedroom Management

These may be of interest to you...

The impact of social media on mental health

Residence Life Manager at FutureLets, Coventry University Tom Truman is a Residence Life Manager who is passionate about making a difference to student mental health. Below he shares his thoughts…

Read More

4 challenges that university teams struggle with

The increase in mental health conditions being disclosed is reflected in the number of students withdrawing from university. As the student mental health crisis gets worse, there is more pressure…

Read More

Moving to university and its impact on student wellbeing

As a passionate Residence Life Manager, Tom finds it important to talk about student wellbeing. Have a listen to his video above and have a read about some practical tips…

Read More

Are you letting student fees slip through the net?

Did you know that in 2018, there were over 2.3 million students studying in the UK? This generated approximately £2.3 billion for the HE sector. BUT…   Over 30,000 students…

Read More

Why student wellbeing is a hot topic

Rewind 10 years and mental health was not a common topic like it is today. Having spent over 18 months researching this topic, we found that the number of students…

Read More