Developers need to get it right for the very start if their build-to-rent projects are to have a chance of success, says a leader in the sector in Australia
Build-to-rent’s meteoric rise as a development strategy and model is continuing as developers look to shift into the space and find ways to make their projects succeed.
The model comes with its own share of differences to the traditional build-to-sell model, not the least being the need to build projects before finding tenants and then managing the ongoing rental component.
Rhys Williams, co-founder of UKO, which specialise in accommodation operation across a raft of models, said that there were key things that helped a build-to-rent project succeed.