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.

18720 N 101st Street Unit 3017 Scottsdale, AZ 85255

$6,900,000
5 Beds
5.5 Baths
5,534 SqFt
Status Active
MLS # 6635509
Property Type Apartment
Price Type --
The FINAL and much anticipated phase of the highly successful Icon project now available with construction well underway and estimated completion in 2025. This is not only an opportunity for extraordinary views and new construction , it also continues to be the best opportunity to be inside the gates of Silverleaf. ICON at Silverleaf offers an unlimited lifestyle with the lock-and-leave luxury of exceptional single-story flats amid the incomparable beauty of Arizona's McDowell Mountains. This rare and unique offering of spacious, open-concept residences affords the very best of all possible worlds, close to the cosmopolitan conveniences of affluent North Scottsdale, yet secreted within the pristine privacy of the Sonoran Desert behind the gates of the truly iconic upscale private community of Silverleaf. An exquisite 5 BEDROOM CONDOMINIUM WITH BREATHTAKING VIEWS. With a total of 5,534 square feet, this contemporary yet timeless residence offers a spacious open floor plan and luxurious living. The expansive exterior patio offers plenty of room for entertainment while the interiors are meticulously crafted with high-end finishes and upscale details. Four parking spaces are included with this home along with two ample storage units. Silverleaf, located in North Scottsdale, Arizona, is a prestigious guard gated community known for its luxurious estates, exclusive golf courses, private Club and stunning desert landscapes. The Tom Weiskopf-designed Silverleaf Golf Course is a highlight for golf enthusiasts. With a blend of Spanish and Mediterranean-inspired architecture, the community offers a high standard of living, including upscale amenities like spas, fine dining, and exclusive shopping. Residents enjoy a harmonious balance between modern luxury and the natural beauty of the desert environment, making Silverleaf a sought-after destination for those seeking an exceptional lifestyle in North Scottsdale.

7714 N Calle Caballeros -- Paradise Valley, AZ 85253

$6,900,000
6 Beds
7 Baths
8,369 SqFt
Status Active
MLS # 6773494
Property Type Single Family Residence
Price Type --
This stunning estate in Paradise Valley greets you with dramatic landscaping and lush lawns, effortlessly merging timeless charm with modern sophistication. Spanning 8,369 sq ft, the main house and separate casita are designed with meticulous attention to detail, featuring a barrel-vaulted herringbone brick ceiling in the kitchen, hand-carved wood beams in the living room, beautiful arched hallways, and exquisite stone and wood flooring throughout. Transform movie nights with the lavish custom theater and game room, ideal for gatherings with family and friends on warm summer days. Retractable glass walls in both the family and living rooms open to a resort-style backyard, complete with two custom cabanas overlooking a glass-tiled pool and expansive lawn. The primary suite, nestled in its own private wing, offers a cozy sitting area, an ultra-luxurious bath, custom his-and-hers closets, an exercise room with a wet bar, and a secluded patio. Down the grand arched hallway, you'll find the formal dining room adjacent to a wine cellar, as well as an impressive office featuring coffered wood ceilings and its own private patio.

5950 W Table Mesa Road New River, AZ 85087

$6,900,000
4 Beds
4 Baths
6,107 SqFt
Status Active
MLS # 6779134
Property Type Single Family Residence
Price Type --
There is one covered R V area with water, sewer, power, additional covered parking, built in horse shade and feeding area, mature trees and landscaping, extensive outside lighting, all underground watering system, over 25 thousand sq. of grass, 20 X 40 ft. swimming pool with cabana and covered patio on main house. The Aqua Fria River flows through this property and has flowing water most of the year. A recently completed synthetic grass driving range with two golf holes and driving Tee boxes at 120yds.. 75yds.. 50yds.. and sand bunkers. Full sized double green, observation deck, various trails all the way to Prescott AZ - off road trails and horse trails. There is room for future development of R V spaces and or single family lots

1385 S Loy Road Cornville, AZ 86325

$6,900,000
10 Beds
10 Baths
39,489 SqFt
Status Active Under Contract
MLS # 6757510
Property Type Single Family Residence
Price Type --
Unparalleled opportunity to own over 40 acres outside of Sedona. These remarkable 8 parcels hold the potential to create your own ranch, business, and rental opportunities all in one place. Sitting Creekside and just 20 minutes outside of Sedona, this horse property includes residential homes, a hotel, an opera house, indoor skating rink, tennis court, golf course, barn/stable, general store, and original stage coach. Listing Broker has full parcel and property details. This is truly a one of a kind property.

19452 N 98th Place Scottsdale, AZ 85255

$6,895,000
5 Beds
5.5 Baths
6,288 SqFt
Status Active
MLS # 6741408
Property Type Single Family Residence
Price Type --
This exquisite home, beautifully updated and perfectly situated on a prime lot backing to the Reata Wash, is located in the highly sought-after Arcadia Silverleaf neighborhood. It offers breathtaking mountain and city light views while providing the ultimate in privacy and the best of Arizona living. This stunning residence features luxurious modern Spanish details and unmatched, expansive outdoor spaces. With 5 ensuite bedrooms, 5.5 bathrooms, & a bonus room, the home boasts an open, light, and bright floor plan adorned with limestone and hardwood flooring, Cantera stone fireplaces, and a gourmet kitchen equipped with quartz and marble waterfall counters, custom cabinetry, eglomise mirrored glass backsplashes, Sub-Zero and Wolf appliances, two Bosch dishwashers, a butler pantry w with a Sub-Zero wine fridge, and two refrigerator drawers. The spacious laundry room includes ample cabinetry and an ice maker. The private primary retreat offers a sitting room with a cozy fireplace, a coffee/beverage center, his and her closets, his and her water closets, and a grand two-sided entry steam shower. Wine enthusiasts will appreciate the dedicated wine tasting room with a temperature-controlled wine wall that holds 864 bottles, complemented by an additional wine cellar for 212 bottles. The backyard is an entertainer's paradise, perfect for enjoying spectacular Arizona sunsets with a heated pool and spa, serene water features, electric sun shades, an outdoor kitchen, and a wood-burning fireplace. The immaculate oversized three-car garage features epoxy flooring and ample storage cabinets. Recent upgrades to the property include all new HVAC units, updated Pentair pool equipment, an updated lighting system, and two new tankless hot water heaters to ensure modern comfort and convenience. For a comprehensive list of features and upgrades, please refer to the documents tab. This home is truly exceptional and is sure to appeal to the most discerning buyers, with its ideal proximity to shopping, dining, and the 101 freeway. The best of location, luxury, and lifestyle.

8627 E Whisper Rock Trail Unit 120 Scottsdale, AZ 85266

$6,830,000
4 Beds
5.5 Baths
6,295 SqFt
Status Active
MLS # 6561784
Property Type Single Family Residence
Price Type --
Located on one of the finest lots within Whisper Rock Estates, this to-be-built home has been designed with the utmost care and craftsmanship * Craig Wickersham (Architect) & R-Net Custom Homes (Builder) combine to create a timeless, one-of-a-kind masterpiece on a south-facing, 2.7 acre site * Just about 6300 sq ft of livable space, offering an ideal layout consisting of an open living concept, 4 full bedroom suites, gym, media, office, bar and wine room * Zero interior steps, true indoor/outdoor living, 4-car garage and outdoor kitchen complete the design * See the documents tab for details *

22423 N 89th Street Scottsdale, AZ 85255

$6,800,000
4 Beds
4.5 Baths
6,350 SqFt
Status Active
MLS # 6784610
Property Type Single Family Residence
Price Type --
Set in a prime location in North Scottsdale surrounded by Arizona's top golf destinations, this iconic new contemporary estate is situated on an Elevated large flagship lot with south-southwest facing city views spanning all of Scottsdale and boasts ultimate privacy, luxury, and technology. Resort-like living throughout this single-story home that is completely flat with zero stairs or steps. Featuring spectacular indoor and outdoor living spaces, this home includes multi-slide stacking glass doors throughout, 420 bottle wine wall by Heritage Vine, full size wet bar, billiards room, sports bar, wet edge black tiled infinity pool and spa by California Pools, professional landscaping by Berghoff Design Group, private BBQ patio with Wolf grill, state-of-the-art systems throughout including motorized blinds, Smart house Control4 technology system, security system and cameras, and custom lighting and speakers throughout each room including the courtyard and backyard. Owner built with highest attention to details, featuring wall tiling by Bisazza, 24x48 Pietra Italia white tile flooring, 3 countertops, stone wall cladding throughout, and T&G wood ceilings.

10040 E Happy Valley Road Unit 1 Scottsdale, AZ 85255

$6,800,000
7 Beds
9.5 Baths
12,307 SqFt
Status Active
MLS # 6476411
Property Type Single Family Residence
Price Type --
Welcome to Desert Highlands #1! The Epitome of Multigenerational Resort-Style Living. This extraordinary estate, nestled on a sprawling 2.6 acre private cul-de-sac homesite, offers IMMEDIATE full Club membership, providing you with access to a wealth of exclusive amenities. Step onto the pavered, circular drive, and you'll be greeted by a private garden courtyard with lush landscapes, setting the tone for the remarkable lifestyle that awaits. This home underwent a remarkable $6 million total re-imagination in 2019, resulting in a smart, transitional luxury masterpiece. Every detail meticulously curated, and no expense spared to create this stunning residence. Inside the main home, you'll find an array of sophisticated spaces, perfect for hosting large gatherings, as well as comfortable, light-filled areas for casual everyday living. The state-of-the-art features and top-of-the-line finishes make this home truly exceptional. A remarkable value, priced well below pre-listing appraisal. The first level of the main home boasts a formal living room, elegant dining room, four of the five en suite bedrooms, a spacious office, media room, and not one, but two wine cellars. The fifth guest ensuite (on the 2nd level) opens to a private deck featuring down valley views. The chef's kitchen is a delight with upgraded appliances, oversized Sub Zero refrigerator, a Wolf range with six burners and multiple ovens. And let's not forget the Miele built-in plumbed coffee system to kickstart your day in the best way possible. The custom furniture grade cabinetry is not only abundant but exquisitely topped with gorgeous Matterhorn granite, adding to the allure of the kitchen. From the kitchen, you'll find seamless transitions to the light and airy breakfast room and inviting family room, with telescoping glass sliding doors leading to multiple extended covered patios and private gardens, offering magnificent views from every angle. As you explore further, you'll discover the private primary suite, occupying the south wing of the main level. This luxurious oasis features a relaxing sitting area, direct patio access to the pool and spa, and a resort-inspired bath retreat with mesmerizing mountain views from the spectacular blue marble topped jetted tub. Dual custom vanities, water closets, and a generously sized shower with multiple heads complete this lavish bathroom, along with dual custom walk-in closets. On the other side of the home, beyond the 50' gallery, Desert Highlands #1 offers a large and spacious casita. Thoughtfully designed with privacy in mins, its single-level layout ensures easy accessibility for those who prefer a step-free environment. The casita features its own private courtyard entrance, allowing guests to come and go as they please without intruding on the main living areas. The well-appointed guest casita offers tranquil living space, a full Wolf/Sub Zero kitchen, two en suite bedrooms with personal patios, private laundry room and an attached garage. Beyond the diving pool, a true entertainer's paradise awaits with a 2,576 square foot fun-filled cabana. This vibrant space boasts a full-sized kitchen, a massive wet bar, four wall-mounted TVs, and game room . The cabana opens up to the pool area with automated telescoping sliding windows, overlooking the swim-up bar. And for a unique experience, the Dive-In movie screen is stored above the swim-up bar, allowing you to enjoy your favorite films while relaxing in the pool. The primary home, guest casita, cabana, and ramada seamlessly encircle the backyard retreat, creating a completely private oasis. The outdoor living space is unlike any other, featuring an expansive heated pool, spa, three gas fire pits, two waterfalls, misters under the ramada for added comfort, a water slide, custom outdoor kitchen and a swim-up bar! You can also indulge in a huge conditioned gymnastics space, complete with a trampoline, tumble track, and foam pit, complemented by a convenient full bathroom. The home is fully automated with Control 4 technology, offering modern convenience in the heart of the Sonoran Desert. For the car enthusiasts, there is a possibility of 12+ parking to accommodate your prized collection. Desert Highlands Golf Club, a private guard-gated community, provides an idyllic setting for this exceptional estate. As a resident, you'll have access to an 18-hole Jack Nicklaus Signature course, a Gary Panks designed 18-hole putting course, a 7,700 sq. ft. state-of-the-art fitness center, 13 tennis courts with various surfaces, pickle ball courts, fishing pond, dog park, and a meandering walking/biking path throughout the community. After enjoying these amenities, unwind at Jack's Pub or indulge in formal dining at the Ventana Dining room. Welcome to your new home at Desert Highlands #1, where the possibilities for luxury living and unforgettable experiences are endless.

9810 N 57th Street Paradise Valley, AZ 85253

$6,799,000
6 Beds
5.5 Baths
7,379 SqFt
Status Active
MLS # 6771812
Property Type Single Family Residence
Price Type --
Welcome to Ivy Manor—a 7,379 sq ft brand-new construction masterpiece by UR Development's in-house team THIS HOME WILL BE COMPLETED IN TWO WEEKS!! COME SEE THE HOME! Inspired by Old World design with contemporary finishes, this luxurious estate is nestled in the highly sought-after Paradise Valley. With a spacious, usable lot, there's ample room for an elegant courtyard or even a tennis court. This stunning home features six bedrooms, five and a half baths, and a guest house for ultimate privacy. High-quality appliances and premium materials, including stone finishes and engineered hardwood floors, elevate the quality of living. The master bedroom offers complete seclusion with a split floor plan, blending traditional elegance with modern luxury throughout.

5525 E Lincoln Drive Unit 124 Paradise Valley, AZ 85253

$6,795,000
4 Beds
4.5 Baths
4,068 SqFt
Status Active
MLS # 6783044
Property Type Single Family Residence
Price Type --
Nestled in the prestigious Mountain Shadows Estates West of Paradise Valley, this luxurious 4-bedroom, 4.5-bathroom residence offers unparalleled elegance with breathtaking views of Camelback Mountain and direct access to the Mountain Shadows golf course, located on the scenic 10th hole tee box. Designed with meticulous attention to detail, this home seamlessly blends modern amenities with timeless sophistication. The expansive floor plan is anchored by a gourmet kitchen, featuring premium appliances, a large island, and custom cabinetry—perfect for entertaining. Throughout the home, large windows capture the stunning natural beauty of the surrounding landscape, filling the interiors with abundant natural light and showcasing the iconic Camelback Mountain views. Outside, the beautifully landscaped backyard offers a serene oasis with a covered patio, perfect for enjoying Arizona's breathtaking sunsets. The home also includes a three-car garage and ample storage space. Residents can gain access to the Mountain Shadows Resort, located just moments away. Indulge in world-class amenities, including fine dining, a luxurious spa, a state-of-the-art fitness center, and a resort-style poolall within the resort's sophisticated, serene setting. Don't miss the opportunity to own this exquisite property in Mountain Shadows Estates West. Listing Agent and Co-Listing Agent have a financial interest in the property (see documents tab for disclosure).

6515 E Stallion Road Paradise Valley, AZ 85253

$6,775,000
5 Beds
6 Baths
6,236 SqFt
Status Active
MLS # 6775896
Property Type Single Family Residence
Price Type --
Welcome to this stunning, meticulously upgraded home featuring 5 bedrooms and 6 bathrooms across 6,236 square feet of luxurious living space. With a brand-new tile roof and seamless hardwood floors throughout, this residence offers an elegant and inviting atmosphere. The spacious split floor plan includes king-sized en suites, each equipped with walk-in closets, ensuring ample privacy and comfort for family and guests. As you enter, you'll be greeted by a beautifully remodeled entrance with keyless access and a Ring doorbell, setting the tone for modern convenience. The heart of the home is a chef's dream kitchen, featuring beautiful cabinetry, marble countertops, and high-end Viking and Wolf appliances, including a Subzero fridge and dual dishwashers. A butler's pantry and an apron sink enhance functionality, while the adjacent family room features accordion slider doors that seamlessly blend indoor and outdoor living. The primary suite is a true retreat, complete with his and her walk-in closets, a safe room, and a luxurious bathroom featuring a tranquil tub with garden views. The living areas are designed for both relaxation and entertainment, featuring surround sound, a formal dining room, and inviting fireplaces. Step outside to a beautifully landscaped backyard, where you'll find a mosaic-tiled pool, an inset Jacuzzi, and an outdoor shower, all framed by mountain views. With RV parking and mature fruit trees, this private oasis is perfect for outdoor enjoyment. Additional highlights include a spacious laundry room, an epoxy-floored garage with ample storage, and a flex room that can serve as a home gym or theater. This home is truly a masterpiece, offering the perfect blend of sophistication and modern amenities. Don't miss your chance to make it yours.

10040 E Happy Valley Road Unit 1040 Scottsdale, AZ 85255

$6,750,000
3 Beds
3.5 Baths
5,209 SqFt
Status Active
MLS # 6787160
Property Type Single Family Residence
Price Type --
Views, views and more views! Spectacular custom home nestled high in the Hillside Villas enclave of Desert Highlands. Enjoy sparkling city lights to the south, the purple glow of Troon Mtn. to the east & the majesty of Pinnacle Peak in your backyard. Interior space blends seamlessly into exterior through 4 sets of telescoping doors, each framing a stunning visual picture. Completely re-mastered in 2023, the new design has successfully integrated the art of entertaining with the ease of livability. Exquisite custom finishes and fixtures, promising no detail left to chance. Desert Highlands invites you to enjoy the World Class amenities & lifestyle that offers an unparalleled country club experience. This is a rare opportunity to own one of the highest lots located in Desert Highlands!