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.

7030 N Wilder Road Phoenix, AZ 85021

$3,699,000
4 Beds
5 Baths
6,026 SqFt
Status Active
MLS # 6746523
Property Type Single Family Residence
Price Type --
Welcome to your dream family home on one of the most coveted streets in North Central Phoenix! This isn't just a place to live - it's where memories are made & families can thrive. With over $500,000 invested in renovations, this home has been meticulously upgraded & remodeled to exceed anything else in the neighborhood. Every detail has been carefully considered. The guest house has undergone a full remodel, making it a perfect additional living space, in-law suite, home office, gym or studio. Nestled in the heart of North Central Phoenix, this home is surrounded by some of the best public & private schools in the area. Whether you're considering All Saints Episcopal Day School or Madison, you'll appreciate the new crosswalk & street light, making it easy & safe for your children to walk to school. The neighborhood is vibrant & filled with families creating an ideal environment for raising children. The expansive front yard is a paradise for children & a haven for family activities. Imagine hosting flag football games, basketball tournaments, volleyball matches, & baseball practices right in your own yard.The backyard is designed for endless fun & relaxation. The pool is simply amazinga refreshing oasis on hot summer days. The built-in BBQ is perfect for family cookouts and the spacious backyard is the ultimate playground for children. Whether it's swimming, playing on the lawn, or just running around, your children will have endless opportunities for outdoor fun. This isn't just another houseit's the family home you've been dreaming of. It's a place where your children can grow, your family can gather, & your memories will be made. Don't miss this rare opportunity to own a piece of paradise in the heart of North Central Phoenix.

15864 N 115th Way Scottsdale, AZ 85255

$3,698,000
3 Beds
3.5 Baths
4,285 SqFt
Status Active
MLS # 6746160
Property Type Single Family Residence
Price Type --
Elevated Extravagance! Ricci Renovations unveils another jewel within The Retreat at One Hundred Hills, a guard-gated community in McDowell Mountain Ranch. Views from every room, the transformation was just completed, ready for enjoyment & memories to be made. A freshly painted exterior w/ travertine entry leading up to the 12' arched wood front door provides a terrific initial impression. Upon entering, you immediately notice the new 10' sliders framing the new pool & majestic mountain views. The brand-new European oak wood floors are gorgeous & run throughout the main areas while hand-selected tile differs in each bath. The spectacular kitchen offers an all-new Thermador appliance package, Perlato Taj Satin quartzite counters waterfalling on 3 sides that sit atop rift oak & macaron green counters. The locally custom-made Supra Mat & textured laminate cabinetry bring warmth & luxury to this fabulous estate. The primary suite showcases a 14-light centerpiece pendant & a gas fireplace wrapped in matte charcoal tile with aspen logs. The primary bath is an oasis with floating cabinetry, Calacatta Maywood quartz counters, soaking tub, redesigned/oversized shower with his and her heads, all adorned with brilliance black onyx Brizo finishes. The closet is spacious, also with custom cabinets, plus there's a dedicated exercise room. The built on-site gas fireplace, 72'' linear open face with herringbone brick & glass bed, in the family room is a showstopper. It overlooks the city below providing the perfect gathering spot. Other features include a shiplap ceiling in the dining, a Chevron wall in the office, deco tile accent wall in powder & carbon reflective glass tile with light-embedded floating shelves on the bar. Both guest rooms have walk-in closets, ensuite baths with floating cabinetry, Ripieno satin quartz counters & faucets/showers with Brizo selections. The backyard is ideal, covered in silver storm travertine that surrounds an all-new sparking pool, spa, deco-tiled water feature wall, firepit, BBQ station & large turf area. The backdrop of city lights & the McDowell Mountains are incredible, day or night. The 4-car garage has all-new epoxy flooring & lighting. A new roof underlayment in 2023 has a transferrable lifetime warranty. HVAC units were replaced in 2012, serviced in 2024 & are in great working condition. 2 new water heaters & a water softener. The community has a heated pool & spa alongside 2 tennis courts. There are also 2 more community centers within MMR that offer pickleball, tennis, basketball, playgrounds, pools, hiking & biking trails as well as an aquatic center. North Scottsdale living at its finest.

8702 E Silver Saddle Drive Carefree, AZ 85377

$3,695,000
4 Beds
5.5 Baths
4,950 SqFt
Status Active
MLS # 6795673
Property Type Single Family Residence
Price Type --
Remarkable Mountain-Top Estate with Unparalleled Luxury Nestled atop a scenic mountain, this extraordinary estate spans 5 acres of pristine land and offers breathtaking, panoramic views. Designed with the principles of Frank Lloyd Wright in mind, the home integrates seamlessly with nature while showcasing timeless architectural brilliance and modern luxury finishes. Step inside to discover a grand open floor plan featuring a brand-new, high-end kitchen with top-of-the-line Sub-Zero appliances, perfect for the culinary enthusiast. The expansive living spaces are complemented by an elevator for ease of access to every level, ensuring comfort and convenience. The master suite is nothing short of a sanctuary, offering his-and-hers showers in a spa-inspired bathroom designed with relaxation in mind. A six-car garage provides ample space for your prized collection, while the outdoor terraces and windows frame the magnificent mountain vistas from nearly every room. For wine lovers, a private wine cellar offers the ideal space to curate and store your finest selections in style. This estate is a rare opportunity to own a private, mountain-top retreat with the finest finishes and unparalleled craftsmanship. A true masterpiece of design and luxurythis home is a must-see.

5625 E Indian Bend Road Paradise Valley, AZ 85253

$3,695,000
4 Beds
3 Baths
3,887 SqFt
Status Active
MLS # 6777361
Property Type Single Family Residence
Price Type --
Welcome to Arizona's oceanfront property, featuring breathtaking, head-to-tail unobstructed views of Camelback Mountain. Nestled on Mummy Mountain and adjacent to a private reserve, this exquisite single-level residence offers the perfect blend of luxury and tranquility. With four spacious bedrooms and three beautifully appointed baths, this home provides ample space for family and guests. The primary suite includes a cozy sitting room with a gas fireplace, while the inviting family room features a second gas fireplace, perfect for gatherings. Elegant formal living and dining areas create an ideal setting for entertaining, complemented by a gourmet eat-in kitchen equipped with high-end appliances. Elegant tile and wood flooring enhance the home's... sophisticated ambiance. Accessing this mountain retreat is easy, thanks to the convenient driveway that ensures effortless entry. Step outside to your private pool surrounded by lush landscaping, with a spacious terrace perfect for enjoying the stunning mountain and city views. This extraordinary property embodies the essence of Arizona living, offering comfort, elegance, and natural beauty. Dont miss your chance to own this exceptional Paradise Valley gem.

10125 E Sundance Trail Scottsdale, AZ 85262

$3,685,000
3 Beds
3.5 Baths
4,556 SqFt
Status Active
MLS # 6794751
Property Type Single Family Residence
Price Type --
Golf Membership available! Nestled on the 5th fairway of the Renegade golf course in Desert Mountain, this unique Mexican Colonial residence offers timeless charm and unparalleled views. A serene courtyard entry welcomes you into a gracious foyer that flows into a spacious great room, complete with a stunning cantera fireplace, elegant ceiling beams, and a beautifully designed dry bar. The formal dining room features a sophisticated built-in buffet and boasts breathtaking mountain and sunset vistas. The expansive kitchen, adorned with exquisite granite countertops, opens to a cozy hearth room, perfect for intimate gatherings. The luxurious master retreat includes a charming fireplace, a loft office, and a private balcony with panoramic views in every direction. designed with a shared sitting room and patio access to enjoy spectacular sunset views. Step outside to a captivating patio space featuring a built-in BBQ, a fireplace, and a sparkling pool and spa. From the tranquil morning sunrises to the glittering city lights at night, this home is an entertainer's dream and a haven for creating cherished memories with family and friends. See membership information in the document tab.

6516 E Maverick Road Paradise Valley, AZ 85253

$3,675,000
4 Beds
4.5 Baths
4,225 SqFt
Status Active
MLS # 6758994
Property Type Single Family Residence
Price Type --
Opportunity Waiting... Exceptional location in Camelback CC. *****PV approval pending for remodeling/addition permit - plus guest house***Permit expected by end Sept 2024*** Permit included with purchase*** Plans, renderings, etc. available upon request. Current home is very livable. Home was an excellent rental.

9422 E Diamond Rim Drive Scottsdale, AZ 85255

$3,650,000
4 Beds
4 Baths
3,776 SqFt
Status Active
MLS # 6783778
Property Type Single Family Residence
Price Type --
Beautifully updated Pima Acres residence on a 1.69-acre lot that affords you with limitless possibilities to create your dream property. This stunning custom-designed home incorporates a welcoming air into the practical entertaining spaces. The gourmet kitchen features quartz countertops, Subzero, Wolf, and Miele appliances, including an induction cooktop. Kitchen island seats 5, with additional in-kitchen dining and a separate dining area. The large principal suite encompasses a gorgeous fireplace, walk-in closet, large tub, spacious shower, quartz countertops, dual sinks, and an adjacent outdoor shower. All four bedrooms in this home are en-suite. The kitchen opens to the comfortable family room with a fireplace and there is a fantastic secondary great room (or a fourth bedroom)... with a built-in wet bar, wine cooler, fireplace, and offers city light views. Skylights brighten the home, and wood flooring adds a touch of warm elegance. Custom pavers enhance the driveway, front entry, back patio, and side walkways. The expansive resort-style backyard includes stunning mountain views, built-in grill, heated pool with spa and water features, 2 outdoor showers, built-in wood-burning fire pit, and professional landscaping featuring an orchard with citrus and fruiting trees. Privacy is ensured by a NAOS to the east, a 15-foot setback on the vacant lot to the west, and an enclosed backyard with an impressive block fence. Other incredible features include a cozy front patio with a fireplace, RV gate, and a three-car garage with epoxy flooring and custom cabinets. This incredible home is located in Pima Acres, which has minimal HOA fees, and is conveniently close to the 101, golf, extensive hiking trails, restaurants, shopping, and more. Schedule your private tour of this exceptional home today.

3800 E Lincoln Drive Unit 57 Phoenix, AZ 85018

$3,650,000
5 Beds
7 Baths
8,032 SqFt
Status Active Under Contract
MLS # 6780781
Property Type Single Family Residence
Price Type --
Exquisitely custom built Mediterranean hillside home nestled at the top of guard gated ''Estate Antigua'' in the Phoenix Mountain Preserve with unparalleled panoramic mountain & city light views! Cut into the mountain rock, and 1 of only 4 custom homes, this home features the highest elevation offering million dollar unobstructed majestic views of the Phoenix Mountain Preserve behind, to the sweeping valley views including uptown & downtown Phoenix in front. Located in the foothills next to Paradise Valley, you will feel like you've escaped to Sedona while being only minutes away from Scottsdale Fashion Square Mall, Old Town, and the Biltmore area... where you'll find world class shopping and countless restaurants of all gourmet levels. Whether you prefer a morning cup of coffee while coffee watching the sunrise over the mountains or an ice tea relaxing in the infinity edge spool at sunset, you'll find that you can't wait to get home after a long day at work. There is only one concern - once you are home, you'll never want to leave!

39336 N Old Stage Road Cave Creek, AZ 85331

$3,650,000
4 Beds
4.5 Baths
4,503 SqFt
Status Active
MLS # 6522951
Property Type Single Family Residence
Price Type --
'Pre-Construction' Spectacular Hillside Custom Contemporary, located in The Village at Go John Canyon. Home under construction next door on Parcel 5 available to view. No HOA, but thoughtful Design Guidelines and CCRs apply. On Go John Mountain, this 4503 sq. ft. Desert Contemporary will feature over 3200 sq. ft. main level living and 1300 sq. ft. lower lever attached Guest Home. Fabulous Great Room, Temp controlled wine room, steam shower, luxurious Owner's Suite, an elevator and the most incredible expansive views. Exceptional luxury for multi-generational living or generate income with separate lower-level guest Cottage. Go John Canyon by Del Rey Development is a hidden and secluded enclave of premium custom homes. Each estate sized parcel is 4.3 acres and borders the Desert Foothills Land Trust with direct, private trail access to Cave Creek Regional Park. This luxury home also includes a custom, heated pool/spa

5231 E Kaniksu Street Apache Junction, AZ 85119

$3,650,000
3 Beds
2 Baths
2,473 SqFt
Status Active
MLS # 6677803
Property Type Single Family Residence
Price Type --
Welcome to a one-of-a-kind opportunity to own a magnificent adobe block custom home nestled on 11.2 acres of picturesque land nestled at the base of the Superstition Mountains. Boasting panoramic views of the majestic Superstition Mountains, this property offers a rare blend of luxury living, income potential, and endless outdoor adventure. Step into a world of rustic elegance with this meticulously crafted adobe block home, where every detail reflects the charm and character of the Southwest. From the exposed wooden beams to the handcrafted finishes, this home exudes warmth and authenticity at every turn. Take advantage of the property's income-producing potential with a fully equipped horse stable and RV camping facilities.

40980 N 97th Street Scottsdale, AZ 85262

$3,650,000
4 Beds
4 Baths
4,954 SqFt
Status Active
MLS # 6758043
Property Type Single Family Residence
Price Type --
Golf Membership available from seller. Situated on the 10th fairway of the beautiful Chiricahua golf course at Desert Mountain, this charming Santa Barbara style home offers sparkling city lights, sunset, mountain and golf course views. The open and flowing floor plan has three suites in the main home as well as a detached casita. The home is tucked back off of the street for ultimate privacy and has a courtyard entry complete with beautiful water feature and spacious patios. Enjoy the great views from the wrap around outdoor living space complete with pool/spa/bbq and outdoor living room with fireplace and tv. Exquisite details include multiple use of natural stone and wood thru out the home. Being offered turn key minus several of sellers personal items. Truly a must see!

42016 N 54th Street Cave Creek, AZ 85331

$3,600,000
4 Beds
4.5 Baths
4,000 SqFt
Status Active
MLS # 6657847
Property Type Single Family Residence
Price Type --
Luxurious and spacious home with stunning mountain views. This to-be-built home will offer four bedrooms, 4.5 bathrooms, and 4000 sqft of living space on a 2.5-acre lot. The home will have a north/south exposure, a formal dining area, a great room, a private pool, and a three-car garage. The home will also have no HOA fees, giving you more freedom and flexibility. This is a perfect opportunity to own a custom and elegant home in a scenic and convenient location!