3 Things to Consider Before Renting to Students

Whether 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.

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7745 N Tatum Boulevard Paradise Valley, AZ 85253

$4,000,000

5 Beds

4.5 Baths

5,322 SqFt

Status Active Under Contract

MLS # 6760938

Property Type Single Family Residence

Price Type --

This Home was just finished and now job transfer forces owners to sell there newly built dream home in Arizona's most prestigious area. Sitting In the heart of Paradise Valley you will find this Old Tucson Style Slump Block Home but inside is modern contemporary with lots of glass and high ceilings. Folding glass doors open to bring the natural stunning views from the backyard patio of Mummy Mountain to the east and Phoenix mountain preserves from the front patio. The split master bedroom floorplan provides privacy for the entire family and guests The floor to ceiling chilled glass wine cellar adds to the elegancy displaying over 250 bottles of your private collection. Huge covered rear patio has built-in heaters. Private guest quarters upstairs with viewing deck. Convenient N/S garages DRASTIC reduction 1.5 million from original list price of 5.5M

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7360 E Sweetwater Avenue Scottsdale, AZ 85260

$3,999,999

6 Beds

4.5 Baths

5,454 SqFt

Status Active

MLS # 6754191

Property Type Single Family Residence

Price Type --

Experience the epitome of luxury in this brand-new construction located in gorgeous Scottsdale Arizona, with the added benefit of NO HOA. This exceptional property boasts an array of unique features, including two kitchens, two mudrooms, two laundry rooms (one with a pet shower), and a 6th bedroom with a private entrance. The thoughtfully designed split floor plan places the primary suite in the west wing, offering a spacious walk-in closet, an oversized shower, and a private patio. The east wing houses the second kitchen and an additional family room, perfect for extended family or guests. The custom kitchen is a chef's dream, featuring quartzite countertops, birch cabinets, top-of-the-line Wolf and Sub-Zero appliances, and a walk-in pantry with a separate sink and dishwasher. The home is adorned with European oak hardwood plank flooring throughout, providing warmth and elegance. Beautifully designed by Kevin Robert Interiors, the home is architecturally stunning with a glass-encased wine rack, multiple ensuite bathrooms, and several covered outdoor spaces. The new outdoor kitchen is perfect for entertaining, and the oversized north-facing backyard includes a brand-new pebble-tec pool and a Pickleball/Basketball court for recreation. This property is a rare find, combining luxury, functionality, and style in one of Scottsdale's most desirable locations.

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4613 E Desert Park Place Paradise Valley, AZ 85253

$3,999,999

4 Beds

4.5 Baths

5,214 SqFt

Status Active

MLS # 6751720

Property Type Single Family Residence

Price Type --

Welcome to your dream home in Tatum Canyon, Paradise Valley. Where luxury living meets breathtaking natural beauty. Nestled on a sun-drenched hillside, this exquisite estate offers panoramic vistas reminiscent of a Santa Barbara retreat. Crafted by renowned luxury homebuilder Dave Hansen, this 5214 sqft masterpiece is a testament to meticulous craftsmanship and refined taste. As you step inside, you're greeted by a sense of grandeur, with marvelous views beckoning from every corner. 3 oversized car garage with a fantastic moderate driveway for hillside.

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11108 E Mariola Way Scottsdale, AZ 85262

$3,999,977

4 Beds

4.5 Baths

7,277 SqFt

Status Active

MLS # 6662532

Property Type Single Family Residence

Price Type --

A rare, immediate golf membership is available with purchase. Ask for details! This is a hillside gem capturing awe-inspiring panoramic mountain views from every corner! This home was made to entertain the largest of gatherings, yet cozy enough for the smallest. Top of the line when built in 2004. Built into the mountain. Hardly lived in. CMU build. Great bones. Needs some updating and you've just added to the equity. Multi generational for those who don't mind the shallow steps. 4 separate guest suites, including the 950 sf upper deck casita. 3 car garage, 7+ additional parking spots. Well designed motor court. Purchase the lot in front and build another home or tie it to this lot for an acre of expanded yard. For undisturbed views, pets, kids, parties or whatever your heart desires.

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10728 E Cottontail Lane Scottsdale, AZ 85255

$3,999,800

4 Beds

4.5 Baths

5,511 SqFt

Status Active

MLS # 6704872

Property Type Single Family Residence

Price Type --

This timeless styled Spanish Colonial home rests in guard gated Windy Walk Estates of Troon. It's North - South exposure captures views of Pinnacle Peak, Troon Mountain and city lights. The luxurious home is all on one level except for a large 875/sf 2nd level game/office/bedroom with its own fireplace, full bath and balcony overlooking city light views. You enter the main home through a hand forged iron gate into a charming front courtyard with bubbly fountain. The iron front door opens to the formal living and dining areas with rough sawn beams, stone floors, Venetian plastered walls and a cantera stone fireplace. Just down the hall is an intimate home theater. The large family room includes a corner fireplace, walk-up wet bar with ice maker, dishwasher, Sub-Zero wine and beverage ..... cooler plus room for a pool table. It opens to a center island kitchen with Wolf and Sub-Zero appliances and breakfast room. The Arcadia doors from the breakfast room lead to an outdoor patio with fireplace, BBQ and pizza oven all overlooking views of the boulder filled Troon Mountain. The kitchen conveniently opens to the 4 car garage and includes a key drop and very large walk-in pantry. The charming Primary suite includes a fireplace and a marble floored bath and a large closet that opens to the laundry room. The living room, family room and Primary suite are lined with Arcadia doors opening to arched covered patio that overlook the sparkling pool, paver hardscape, lush landscaping and views of Pinnacle Peak. The home has been updated with Venetian plastered walls, white oak flooring, new garage doors and a Bull Frog spa. Two of the three HVAC systems have been replaced and the exterior has been newly painted. The home includes 4 interior and 1 exterior fireplaces.

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5850 E Berneil Lane Paradise Valley, AZ 85253

$3,999,500

5 Beds

4.5 Baths

5,327 SqFt

Status Active Under Contract

MLS # 6786265

Property Type Single Family Residence

Price Type --

This Paradise Valley home sitting on nearly an acre of land has been remodeled to perfection. Five spacious bedrooms, one sitting privately on the opposite end of the home for a possible nanny or mother-in-law, 4.5 baths, two living areas, massive amounts of storage, and a kitchen of your dreams. As you enter through the charming gate, a delightful front courtyard invites you to have a seat and enjoy the mountain view. Open your front door, and it's immediately clear that this home has a designer's touch with all the elements of today's style and finishes. The warm hardwood flooring and stunning stone fireplace transform the large space into elegant/cozy - and a perfect blend of modern and traditional. The chef's kitchen boasts custom white oak cabinetry, and Dacor range with double ovens Cocktails are served in your sophisticated, fully-equipped wet bar with a Sub-Zero wine fridge. This expansive kitchen space was set up for entertaining. All looking out to the pool with rock waterfall, huge covered patio, and a separate gazebo to sit by the fire. Welcome to your Paradise Valley home in the Scottsdale unified school district with admission to the 3C schools. You have arrived.

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W Kayenta Trail Laveen, AZ 85339

$3,999,000

5 Beds

7 Baths

5,486 SqFt

Status Active

MLS # 6779097

Property Type Single Family Residence

Price Type --

Sunset Coves Estates Luxury Living! Your opportunity to own a piece of Paradise in one of the most luxurious, private, soon-to-be-gated neighborhoods in the west valley. The property has incredible views of South Mountain and Carver Mountain. Quick I10/202 freeway access. Sunset Cove Estates lives up to its name by providing the Phoenix Valley's most stunning sunrises as well as sunsets. Homes in this Luxury Community have at least 1 acre. South Mountain Park hiking/biking trails are a two-minute walk from your front door. The main house consists of approximately 4,814 sqft with 4 car garage. 672 sqft Casita with its own garage. Main house has 4 bedrooms, each with their own bathroom. Outdoor patio will consist of over 1,300 sqft. This custom home will be complete in 2025 Home can be built in 2 ways. Either traditional or contemporary.

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3800 S Clubhouse Drive Unit 5 Chandler, AZ 85248

$3,999,000

5 Beds

6.5 Baths

9,668 SqFt

Status Active

MLS # 6711422

Property Type Single Family Residence

Price Type --

This exquisite lake front custom home resides in the exclusive gated subdivision of Crown Point, a private community with only 11 lots. It provides easy access to the Ocotillo Golf Club, a premiere golf destination in Chandler, Arizona. This Spanish/Mediterranean home has 5 bedrooms and 6 1/2 bathrooms. There are 3 bedrooms on the main floor, 2 being ENORMOUS full master suites, each on opposite ends of the home. There are 8760 sq ft of living space, plus 1156 sq ft in attached casita. The casita has a separate entrance, with bar and bathroom with easy access from the pool and patio. The kitchen has new appliances. 4 Viking convection ovens, 8 burner Viking stove, 36 inch Viking refrigerator, 36 inch Viking freezer, and 2 dishwashers and ice maker. Two islands in the kitchen make entertaining effortless. The under the staircase wine cellar is amazing, with stone clad walls and clay slots.Upper level includes 2 bedrooms, 2 bathrooms, game room/lounging area, bar with mini kitchen and fireplace. You can view the gorgeous Arizona sunsets from a private patio just outside.The negative edge pool was resurfaced and equipment replaced. There is also a spa and fire pit for your enjoyment. All the bathrooms were remodeled. The roof was just replaced at a cost or $300, 000.00, and four of the five AC units were recently replaced. All of this and more in this Magnificent Move In Ready Home!!

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3197 E San Miguel Avenue Phoenix, AZ 85016

$3,999,000

4 Beds

4.5 Baths

6,495 SqFt

Status Active

MLS # 6709153

Property Type Single Family Residence

Price Type --

Impress your clients with this approximately 6,495 square foot home featuring stunning mountain views. Designed with entertainment in mind, this residence offers the luxury of modern amenities, including a fully equipped Savant home system. The grand 30-foot entryway leads to a masterfully crafted 4-bed, 4.5-bath residence spanning three levels, connected by striking staircases throughout. The modernist architectural exterior, crafted with concrete and steel, complements the tranquil, refined palette, featuring white oak herringbone floors. The home boasts a generous use of glass, seamless sliding doors, and two levels of day-lit space. Your clients will feel like they've escaped to a 5-star resort with the Entertainer's Backyard, complete with a multi-level infinity-edge pool and spa synthetic lawn, fire pit, gazebo patio, and tropical landscaping. The east wing includes an open kitchen with a breakfast area and formal dining room, featuring Miele, Thermador, and Bosch appliances, with easy access to the three-story, 1,000 sq. ft. guest home. The west corner is devoted to the primary suite, featuring metal and glass closets and a separate laundry area. The lower level includes spacious en-suite guest rooms, an expansive laundry room, and a Porcelanosa dog wash. Situated on an elevated lot between Paradise Valley, Arcadia and Biltmore, this home is minutes from PHX Sky Harbor, PVCC, Biltmore Fashion Park, Scottsdale Fashion Square, and Phoenix Country Day School. This property epitomizes luxury living in Arizona.

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10071 E Aniko Drive Scottsdale, AZ 85262

$3,997,000

3 Beds

3.5 Baths

4,475 SqFt

Status Active

MLS # 6765790

Property Type Single Family Residence

Price Type --

Introducing a stunning new build set to complete in 2025, this desert modern home seamlessly blends contemporary design with the breathtaking natural landscape of Mirabel, Arizona. With a thoughtfully designed layout, the home features three spacious bedrooms, an inspiring office, and a dedicated game room, making it perfect for both relaxation and entertainment. Exterior: The striking facade showcases clean lines and a combination of natural stone, stucco, and expansive glass elements that invite the desert landscape indoors. The property is surrounded by low-maintenance native landscaping, enhancing its eco-friendly appeal while ensuring a harmonious connection with the environment. A spacious covered patio extends the living area outdoors, perfect for enjoying Arizona's stunning sunsets. Interior: As you step inside, you'll be greeted by an open-concept floor plan bathed in natural light. High ceilings and large windows create an airy atmosphere, while polished concrete floors and warm wooden accents add a touch of warmth. The gourmet kitchen features state-of-the-art appliances, sleek cabinetry, and a spacious island that flows into the dining and living areasideal for hosting gatherings. The master suite serves as a serene retreat, complete with a spa-like ensuite bathroom featuring dual vanities, a soaking tub, and a walk-in shower. Two additional bedrooms provide ample space for family or guests, each designed with comfort and style in mind. The versatile office space offers a quiet haven for productivity, while the game room is designed for fun and relaxation, complete with space for a pool table, gaming consoles, and lounge seating. Sustainability: This home is equipped with energy-efficient systems and smart home technology, ensuring a sustainable lifestyle without compromising on luxury. Whether you're seeking a year-round residence or a seasonal getaway, this desert modern home in Mirabel, Arizona, promises to be an exceptional living experience that celebrates the beauty of desert living. Don't miss your chance to own this exquisite piece of architecture!

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14521 E Corrine Drive Scottsdale, AZ 85259

$3,995,000

6 Beds

7 Baths

5,866 SqFt

Status Active

MLS # 6795187

Property Type Single Family Residence

Price Type --

Immerse yourself in the charm of this stunning, newly constructed two-story haven, crafted with precision by MSN Group, set in the lively heart of Hidden Hills with breathtaking views of surrounding mountains. Encompassing 5,866 square feet, this residence is a beautiful fusion of sophistication and practicality, featuring 6 spacious bedrooms, each with a generous walk-in closet, and 6 lavish en-suite bathrooms, along with a convenient powder room and a dedicated office. The gourmet kitchen serves as a chef's paradise, seamlessly connecting to a grand great room, complete with a stone fireplace that exudes warmth and invites gathering and relaxation. An elegant dining area enhances the flow with a built in wine wall cabinet, setting the perfect stage for entertaining. Adding to its convenience, a built-in elevator provides effortless access to both floors. The primary suite offers serene desert views, dual walk-in closets, and a luxurious bathroom with a walk-in shower and jetted tub. Other highlights include designer cabinetry, premium finishes throughout, and an oversized three-car garage. Outdoors, discover a sprawling patio, a fully-equipped outdoor kitchen and entertainment area, and a sparkling pool with cascading waterfalls. Perfectly situated in Scottsdale, this home exemplifies luxurious modern living, offering a lifestyle defined by elegance, comfort, and unparalleled sophistication. Buyers have time to make changes and choose finishes.

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12331 E Gold Dust Avenue Scottsdale, AZ 85259

$3,995,000

5 Beds

5.5 Baths

5,430 SqFt

Status Active

MLS # 6774178

Property Type Single Family Residence

Price Type --

Our gorgeous Arizona mountains and desert are the perfect backdrop for this stunning new construction home by Cachet Homes. Thoughtfully designed to maximize the concept of at home entertaining, the home features a large double island kitchen that open to the family room, a detached courtyard guest home, a separate pool house, and a flowing floorplan that allows for privacy as well as gathering spaces for family and friends. The finishes and amenities are contemporary and yet still timeless, and enhance this lovely home. The rear yard has been completely finished, something you don't often see in new construction any more, and boasts a pool house, BBQ ramada, beautiful pool and spa and large grassy areas for play. Emerald Hills by Cachet Homes is an exclusive 7-home subdivision in the desirable Shea Corridor in north Scottsdale. Close to schools, golf, parks, entertainment, shopping and dining - you will be in your dream home and area in no time at all!

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