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Should I rent to students? Insights for investors.

Author: 
Condos.ca Staff
Publication date:
September 19, 2022
Article Summary: 

Investors who own rental properties near university or college campuses may consider renting out their units to students. While there are some drawbacks, such as students not having stable income or credit history and the added wear and tear on the property, there are several benefits, including the ability to raise rent with each new tenant, the potential for guarantors or upfront rent payments, and the fact that students often split rent with roommates. Additionally, landlords can offer units in safe buildings near campuses, which can appeal to both students and their parents. Ultimately, landlords should consider the pros and cons before deciding if renting to students is a good investment strategy for their properties.

Keywords: 

rental properties, investment, students, real estate, renting, income, credit history, guarantors, upfront rent payments, rent hike, market rates, roommates.

Source Citation: 
Condos.ca Staff
Should I rent to students? Insights for investors.
September 19, 2022
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