3 Things to Consider Before Renting to Students

3 Things to Consider Before Renting to StudentsWhether you have a second property that you’re going to move into or you’re planning on being away from your dwelling place for a while, you may be considering putting your home on the market in order to boost your financial outlook. While students comprise one demographic that is always entering the rental market to scoop up available properties, here are some things you may want to consider before deciding on a younger renter.

Will Your Home Be Rented Consistently?

Many students will require a place to rent out since most of them don’t have the money savings or stable income to purchase a home, but if you’re doing this to make ends meet on your properties, renting to student may not be the best way. While some students may plan on hanging out over the summer, there are those who will be heading home in order to live with their parents and save money for the Autumn semester. A contract’s a contract, but a renter can always flee the coop if it’s inconvenient.

Will They Take Good Care Of Your Home?

From furniture to family mementos, most people’s home is pretty personal to them, and that’s why it can be of supreme importance to have a renter that will respect your home and take good care of it in your absence. While there are plenty of responsible students in the world, you should ensure before settling on anyone that it’s someone you really trust who won’t damage your house or wake up the neighbors every Saturday evening.

What Rental Price Are You Looking For?

If you’re trying to make financial ends meet with your property, you’ll probably want to charge the maximum amount you can while still having a renter in your home. The risk with students is that they may not be able to pay the dollar amount you’re looking for so that you can effectively maximize your investment. While this doesn’t necessarily mean you’re taking the financial brunt, it’s important to get the monthly amount that your living space can garner on the market.

There can be a number of downfalls when it comes to renting to students, but there’s also the possibility that you’ll have a responsible renter who will stick around for more than a couple seasons. If you’re currently on the market for a second home, please contact me for more information.

862 E Glade Avenue Mesa, AZ 85204

$448,500
3 Beds
2 Baths
1,461 SqFt
Status Active
MLS # 6656487
Property Type Single Family Residence
Price Type --
Bring your clients to this beautiful 3bed 2 bath property with no HOA. Fully remodeled with beautiful new Kitchen cabinets, Quartz, appliances. Both bathrooms have been fully remodeled with tastefully design in the showers. New tile though out the property including bedrooms ( no carpet). New light fixtures, toilets, baseboards, ceiling fans, blinds and windows etc. New Interior and exterior paint. Newer water heater etc. Bring your clients this wont last. Big back yard! Easy access to HWY 60 and Neighborhood park greenbelt close by. Close to shopping , restaurants and entertainment.

17440 W Fulton Street Goodyear, AZ 85338

$448,118
3 Beds
2 Baths
1,776 SqFt
Status Active
MLS # 6645439
Property Type Single Family Residence
Price Type --

54543 W Sunburst Street Maricopa, AZ 85139

$448,000 - 3Br/2Ba -  for Sale in S4 T6s R2e, Maricopa
New
$448,000
3 Beds
2 Baths
1,583 SqFt
Status Active
MLS # 6679664
Property Type Single Family Residence
Price Type --
Custom 3 bedroom 2 bath home on a huge 1.88-acre lot with stunning mountain views. Spacious living area with vaulted ceilings and eat in kitchen with a counter seating and bay window. The large primary bedroom offers a door to the covered back patio, double master vanity, large walk-in shower and walk-in closet. The level backyard includes a 13' X 13'' extended patio area with a 50' x 30' RV concrete parking space ready to build your future shop. The home includes a whole home generator with a 500 gallon underground propane tank that have been permitted. The home is better than a new build with window coverings, upgraded insulation, a leveled and graded yard, and a greenhouse, ready for all your toys and garden. The location is quiet and serene with only 4 homes on the private road.

13931 W Oak Glen Drive Sun City West, AZ 85375

$448,000
2 Beds
2 Baths
2,103 SqFt
Status Active
MLS # 6676019
Property Type Single Family Residence
Price Type --
Nestled in the heart of Sun City West, this delightful home features 2 bedrooms, 1.75 baths, and a distinctive 2-car garage with an plus a separate golf cart garage. With the San Carlos floor plan, it offers 2103 sq ft of stylish living space. Vaulted ceilings greet you upon entry, while the chef's kitchen boasts European-style white cabinets, solid surface counters and a charming breakfast nook. The enormous laundry room doubles as a versatile hobby room or office. Updates include a 2016 A/C heat pump replacement, 2021 roof underlayment replacement, kitchen renovation, and flooring update. Enjoy relaxation on the spacious private patio overlooking beautiful, low-maintenance desert landscaping.