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.

9533 E Rising Sun Drive Scottsdale, AZ 85262

$3,499,000
4 Beds
3.5 Baths
5,169 SqFt
Status Active
MLS # 6783994
Property Type Single Family Residence
Price Type --
Experience the ultimate in luxury and privacy in this meticulously crafted Old World masterpiece. Step into this custom estate with an expansive open floor plan showcasing a magnificent beamed Great Room with a wet bar, an elegant formal dining room, and a chef's kitchen outfitted with top-of-the-line cabinetry, premium appliances, and a private wine cellar. The luxurious primary suite is a sanctuary with an opulent bath complex, while two spacious guest suites and a den with rich hardwood flooring provide ample comfort and style. Outdoors, indulge in approximately 1,500 square feet of covered patio space, featuring an outdoor kitchen, a cozy fireplace, and a breathtaking saltwater pool and spa. This residence offers a harmonious blend of elegance and comfort. Golf Membership Available!

4615 N 61st Place Scottsdale, AZ 85251

$3,495,000
3 Beds
3.5 Baths
3,609 SqFt
Status Active
MLS # 6762363
Property Type Single Family Residence
Price Type --
This is an exciting opportunity to live in a gated, resort-style community with views of Camelback Mountain and access to The Phoenician®. The new subdivision offers an impressive lifestyle ideal for empty nesters or someone interested in a second home in the spectacular Valley of the Sun. This is one of only two opportunities remaining that is sure to move quickly. It has 3 bedrooms, 3.5 bathrooms, and 3,980 square feet of luxurious, state of the art, contemporary living space. There's also a fabulous guest casita and gorgeous finished landscaping. The setting is stunning, the amenities are outstanding, and the design is exceptional. This home is move-in ready.

32614 N 227th Avenue Wittmann, AZ 85361

$3,495,000
2 Beds
2 Baths
2,150 SqFt
Status Active
MLS # 6786141
Property Type Single Family Residence
Price Type --
2024 Custom 2 bd 2 bath w/office Custom 1 bd 1 bath casita 2 Entryways 3 arena's -1 full size roping/ barrel racing arena w/covered boxes 1 breakaway arena 1 cutting arena 2 Priefert roping chute 2 covered sitting areas over looking arenas 2 private wells 1 domestic 10,000 gal storage tank 1000 gal pressure tank Non exempt irrigation well w/82 acre feet of grandfather water rights Water truck fill station Hay Barn w/air conditioned shop loft for office space & possible guest quarters Small hay barn 12 stall mare motel w/grooming bay & tack room covered wash rack 6 covered pens with automatic waters Semi Loading chute & cattle processing area 2- 5 acre pastures w/2 corrals for gathering cattle orchard on auto drip system 14 RV plug-ins w/water RV dump 700 amp APS service NO FLOOD NO FLY

7180 E Kierland Boulevard Unit 1008 Scottsdale, AZ 85254

$3,495,000
3 Beds
3 Baths
2,018 SqFt
Status Active
MLS # 6785877
Property Type Apartment
Price Type --
Wow views! You have been waiting for this 3 bedrooms 3 bath Penthouse home on the NE corner! 10 foot ceilings, 2018 square feet of view! Expansive glass throughout the home. Views of the McDowell mountains for beautiful Arizona sunrises. The largest outdoor patio space in the building stretches the length of the open family and kitchen areas. Relax outside with your own gas BBQ, large seating areas and city lights view. Inside is a true split of two primary suites with an additional third bedroom and 3rd bath. Many upgrades throughout the home and livable open floorplan. Optima Kierland of course is known for location, amenities throughout including roof top pool, sauna, steam, walking track and more!

3965 E Sierra Vista Drive Paradise Valley, AZ 85253

$3,495,000
5 Beds
5 Baths
4,678 SqFt
Status Active
MLS # 6698002
Property Type Single Family Residence
Price Type --
Discover the epitome of luxury living in this exquisite estate, nestled in the prestigious, guard gated enclave of Paradise Reserve. Step inside this soft contemporary masterpiece, to embrace refined luxury with soaring ceilings, contemporary fireplace, an open light & bright floor plan, hardwood floors & designer finishes. Perfect for entertaining, this home features expansive pocket doors that open the living room to the lushly landscaped yard featuring pool & spa with fountains, a built in grill and expansive patios. Perfect for culinary creations, the chefs kitchen features a sub zero refrigerator, wolf range, double islands & custom cabinetry. Retreat to the lavish primary suite, located on the main level, complete with a spa like ensuite, spacious walk in closet & private patio. A second bedroom/ office is located on the main level and two bedrooms, two bathrooms on the second level featuring Camelback views from the private balconies. The guest casita is the perfect oasis right off the pool, featuring a bedroom, bath and direct access garage. Enjoy the ultimate convenience of being just moments away from world-class dining, shopping, golfing, hiking trails, and cultural attractions, providing endless opportunities for adventure and relaxation.

8579 E Nightingale Star Drive Scottsdale, AZ 85266

$3,495,000
5 Beds
5 Baths
5,349 SqFt
Status Active Under Contract
MLS # 6756874
Property Type Single Family Residence
Price Type --
Welcome to this exquisitely stunning updated custom home on a private one-acre cul-de-sac lot with unobstructed mountain views in the gated bedroom community of Sierra Boulders North. The main house boasts three spacious ensuite bedrooms and an additional fourth bedroom equipped with custom built-in cabinetry and a walk-in closet that can double as an office. European white oak floors grace the main living areas and are accentuated by custom woodwork and ceiling beams in the great room. Culinary enthusiasts will delight in the large island adorned with leathered Taj Mahal quartzite countertops, Wolf, Sub Zero, and Cove appliances, and a dry bar with wine and beverage coolers. Love entertaining? Guests and/or multi-generational living is possible with the extraordinary 1,171 sq ft detached guest house, newly constructed in 2019 with elevated finishes that are sure to impress the most discerning buyer. The simple-to-use Control4 Smart Home System operates the exterior lights, home security system, indoor and outdoor cameras, audiovisual systems, and thermostats throughout both homes. Multiple outdoor living spaces can be enjoyed year-round, complete with a stunning rooftop deck, large covered verandas, outdoor gourmet kitchen with a Mugnaini wood-fired pizza oven imported from Italy, Fire Magic BBQ grill, warming drawer, beverage cooler, sink with disposal, and misters that keep you cool all summer long. Cozy up by the outdoor fireplace while roasting marshmallows and telling stories. The outdoor oasis includes a generous heated salt water Pebble Tech pool with upgraded pop-up cleaning system and spa with a mesmerizing water feature that comfortably seats nine. The lush yard is adorned with vibrant green turf, ideal for children's play, yoga sessions, or soaking up the sunshine while playing catch with your furry four-legged friends. No expense was spared in creating this masterpiece with $250,000 recently invested in updates. Outside, fresh herbs and vegetables are easily accessible from three beautifully constructed irrigated raised garden beds. For car enthusiasts or those with a passion for hobbies, the oversized 4-car garage with epoxy floor, built in cabinetry, EV charging station, and organization system offers ample space for vehicles and toys alike. This property is a true gem in today's market. Make it your dream home today!

12290 E Gold Dust Avenue Scottsdale, AZ 85259

$3,495,000
5 Beds
6 Baths
5,067 SqFt
Status Active
MLS # 6761521
Property Type Single Family Residence
Price Type --
Welcome to a luxurious estate nestled in the heart of Scottsdale, Arizona, in the highly coveted 85259 zip code. This magnificent home, sitting on 1.35 acres of pristine land, boasts 5,067 square feet of meticulously renovated living space with 5 spacious bedrooms and 6 elegant bathrooms. With breathtaking and unobstructed views of the McDowell Mountains form the great room and backyard, this residence is the epitome of luxury, style, and functionality. Perfect for the car enthusiast, the property features not one, but two separate garages, one of which is for 3 cars, temperature-controlled, and has drive-through access to the backyard—perfect for housing your prized collection. The exterior showcases newly installed garage doors, adding to the home's modern appeal. Inside, the gourmet kitchen is a chef's paradise, outfitted with double islands, brand-new cabinetry, and top-of-the-line Sub-Zero, Wolf, and Cove appliances. With a walk-in pantry and additional appliance closet, keeping everything organized is a breeze. Whether hosting an intimate gathering or a large celebration, this home is designed to entertain in style, complete with multiple ovens, a warming drawer, and an integrated wine refrigerator. The expansive floor plan offers plenty of room for both intimate gatherings and large celebrations, including a fully equipped man cave complete with a built-in bar for the ultimate entertainment experience. The five ensuite bedrooms offer luxury and privacy for family and guests alike, with large picture windows framing the stunning mountain vistas. The master retreat is a true sanctuary, complete with a mirrored fitness room, a spacious walk-in closet, and a spa-like bathroom featuring a luxury smart toilet/bidet, separate tub, and walk-in shower. Step outside and discover a private oasis in the expansive backyard. Recently renovated with synthetic grass and elegant tile, the outdoor space includes a deluxe chicken coop, a sauna/spa with both indoor and outdoor showers, and an RV slab with full hookups for ultimate convenience. With ample room to add a tennis or pickleball court, this estate is a haven for recreation and relaxation. Backing up to a serene wash, the property offers unparalleled privacy and tranquility, while being just minutes from all that Scottsdale has to offer. This is more than a homeit's a lifestyle.

9378 E Sundance Trail Scottsdale, AZ 85262

$3,490,000
4 Beds
4.5 Baths
5,166 SqFt
Status Active
MLS # 6789276
Property Type Single Family Residence
Price Type --
Desert Oasis Privately Situated on 1.15 Acre Corner Lot. Remodeled in 2022 with Designer Finishes Throughout. Comfortably Entertain Effortlessly with Formal Living, Dining and the Private Outdoor Living Areas. Beautifully Expanded Kitchen with Fisher & Paykel Appliance Package, Oversized Island Overlooks the Family Room with Fireplace and Casual Dining. Primary Suite Thoughtfully Designed with Sitting Room and Dual Fireplace that leads into the Tranquil Bath with Soaking Tub, Massive Walkin Shower, Walkin Closet and Bonus Room. Additionally, Three Spacious En-suite Guest Bedrooms, Office/Study with Fireplace & Built in Bookshelves and a Huge Laundry/Craft Room Compliment this Functional Floorplan. Four Car Garage with Builtin Cabinetry. Panoramic views from ROOFTOP Deck.

10336 E Chia Way Scottsdale, AZ 85262

$3,485,000
3 Beds
3.5 Baths
3,422 SqFt
Status Active
MLS # 6792624
Property Type Single Family Residence
Price Type --
GOLF MEMBERSHIP AVAILABLE.. January Completion, New Mortensen Signature Home. .25 mile walk to the Stunning Desert Mtn. Sonoran exercise facility with Pickle Ball, Bocci Ball, Tennis, multiple pools, spa's and the casual eatery Cafe Verde. Cul-de-sac location, wide open north west mountain views from your great room kitchen overlooking your private sparkling pebble tec pool and spa. High end kitchen appliances, extra roomy tall ceilings and wide hallways, extensive use of glass throughout including your oversize 3 car garage with epoxy floors. Beautiful landscape from front to rear including shrubs, trees and pots all on a drip system perfect for lock and leave. Multiple sliding glass doors to rear pool/spa spaces, BBQ, covered outdoor patio. Whole home furniture packages available.

11 Sky Ridge Court Sedona, AZ 86336

$3,480,000
4 Beds
6 Baths
3,920 SqFt
Status Active
MLS # 6586352
Property Type Single Family Residence
Price Type --
A stunning custom home is set to be built in Sky Ridge Estates, Sedona's newest subdivision, located in the heart of Sedona. The home will be situated on a beautiful panoramic view hilltop lot on a ridge with a cul de sac. The property boasts breathtaking North/East/South facing panoramic views and will feature four or five en-suite masters. The home is just a short walk away from the new town square/city park and museum, Tlaquepaque, high-end shopping and dining, Los Abrigados Spa resort, restaurants, gym, lighted tennis/pickleball courts, and Oak Creek front park. The property is presently in the design phase (rendering and floor plans only), Very quiet and secluded, yet in the heart of Sedona, with a 10 walkability score. Below Market Pricing: Secure your slice of paradise with lots starting at just $329,000(half-off 8/23 appraisal of 495,000- 695,000 as improved (when road and utilities are completed) Build Your Dream: Opt for our innovative rustic contemporary, metal, and ceiling-to-floor glass eco-friendly landscape homes, designed for efficiency and elegance. Cantilevered on pillars vs old style expensive cut and fill pad or retaining wall, See renderings under the photo tab. Unparalleled Views, Privacy, very quiet & secluded: 19 Exclusive Lots: Each lot, ranging from half to three-quarters of an acre, offers breathtaking panoramic views along a serene ridge down and through a hidden canyon. Investment & Lifestyle Flexibility: Luxury Living Redefined: Sky Ridge Estates isn't just a place to live; it's a lifestyle. This 5-star resort community offers: *Private Club & Fine Dining (room service): Experience culinary delights without leaving the comfort of your community. *Wellness & Leisure: State-of-the-art anti-aging spa, fully-equipped gym, yoga studio, indoor climate-controlled pickleball court, and a golf simulator. *Concierge & Transport: Enjoy the convenience of concierge services, a Mercedes limo van for all your travel needs, and 24-hour security guard and cameras. *Resort-Style Property Management: Travel a lot? 2nd Home? On-site property management is available. *Infrastructure is underway, and roads and utilities are being installed. The clubhouse and gate are pending approval. Collaborate with our top architect and builder to bring your vision to life. Contact us for more details on this unique opportunity. Look under photos and website for home renderings and drone footage of each lot. Don't miss out on this chance to invest in a lifestyle of luxury and tranquility at Sky Ridge Estates. Recent Sold Comps; 920 N Palisades,.73 ac,COE 10/23 for 525,000 3 Sky Ridge Ct.,.63 ac,COE 1/24 for 500,000

6705 E Lafayette Boulevard Scottsdale, AZ 85251

$3,475,000
4 Beds
3.5 Baths
3,765 SqFt
Status Active
MLS # 6791068
Property Type Single Family Residence
Price Type --
Beautiful East Arcadia home built in 2017 w/multiple additional updates. Located within walking distance of Old Town Scottsdale, Fashion Square Mall & w/quick access to the canal for miles of peaceful enjoyment. Exterior features include; new paint, new glass garage doors & meticulous landscaping w/turf, shrubs, fruit trees, palms & privacy. The backyard is topped off with a custom pool w/hot tub, water, & fire features, creating a mini resort oasis. Inside has just the right blend of traditional & modern design with; black interior doors, barn door, accent walls, two-way fireplace, large back slider door & an open floor plan w/cathedral ceilings. Details continue with a large kitchen island, upgraded appliances, a den, a large primary suite, beautiful primary bathroom w/ (click more) custom walk-in closet and so much more.

10540 E Larkspur Drive Scottsdale, AZ 85259

$3,475,000
5 Beds
4 Baths
5,279 SqFt
Status Active
MLS # 6782200
Property Type Single Family Residence
Price Type --
Situated atop an elevated lot, refined soft contemporary finishes abound in this Cactus Corridor masterpiece. Elements of the original 1980s open concept give this home a special character the moment you step foot through the twelve foot front doors into the welcoming foyer. Tasteful light wood floors take you to the massive living room with soaring ceilings, multiple exits to the backyard and fireplace. The double island kitchen is a chef's dream with built-in refrigerators and a coffee bar. The dining area is fit for the grandest of gatherings and is highlighted by additional seating areas and/or play areas beyond. Outside, the backyard has all of the perks, with a massive diving pool, sport court, kitchen, fire pit and ample room to entertain.