Why Renting to Students is a Good Idea

Renting your property to students is generally not considered a good idea by many landlords. The reason for this is the concern that students usually don’t take much care of the rental property they are living in and leave it in a very bad shape when they vacate it. This however is not entirely true. While students can be a bit rowdy and might even hold regular parties at the house, renting to them can prove to be a great source of income for you.

International Students

The international students are a thriving industry not only for the universities and colleges but also for the owners of rental properties. Each year a large number of international students arrive in the country and are looking for a place to stay. These students usually come from a wealthy background and are willing to pay high rents for accommodations that are placed closer to their university. By renting your property to one of these international students, you can raise your rental income by a fair amount.

Student Rentals are in High Demand

Student rentals are always in high demand as each year a new batch of students arrive in the universities and are looking for accommodation. Even if you are not able to land an international student, there are a number of local students that would be ready to rent your home provided it is located near the university. You can rent your home to many students at once on a per room basis and get the chance to maximize your rental earnings.

Students Care about Their Deposit

Another reason why renting your property to students is a good idea is because they care about their deposit and will do a lot to make sure that they get it back in full. A normal tenant might not care so much about the deposit and might leave the place in a mess when he vacates it but a student will usually try to ensure that you don’t get to cut even a dollar from his deposit. Even if the student fails to keep the place maintained then you always have the option to deduct the amount for the repairs from the deposit.

Students Rent for Long Term

Most students usually like renting a property for long term so that they do not have to move from one place to another during their academic year. Thus, you can rest assured that the student you are renting to is not going to move out for at least until the end of his academic year.

At Fast Eviction Service, help on any of the issues discussed in this article is simply a click or phone call away. Email intake@fastevict.com or call our office at (800) 686-8686 to discuss your questions for a free evaluation of your case.

It is very common for tenants to request their landlords to allow a roommate to move in. There can be a number of reasons for this request. The tenant might be finding it hard to pay of the rent on his own and wants a roommate so that they can share the rent. Read More...

This post is filed under: Renting to Students & Roomates