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.

26446 N 119th Street Scottsdale, AZ 85255

$9,750,000
6 Beds
7.5 Baths
8,299 SqFt
Status Active Under Contract
MLS # 6767018
Property Type Single Family Residence
Price Type --
Just completed and ready for occupancy! Located in the highly coveted Troon area of North Scottsdale, in the exclusive luxury gated community of Cantabrica Estates, award winning architect Craig Wickersham, in collaboration with luxury home builder DWD Homes, has given careful consideration to the design and layout of this newly built home to create a striking modern silhouette set against the dramatic high Sonoran Desert landscape that maximizes views and privacy. From pristine, design-forward finishes to vast expanses of glass that usher in the Arizona sunshine, the uniquely designed interior blends contemporary elegance with touches of warming finishes. The main house offers 6494 square feet with 4 bedrooms, 4 full bathrooms and 2 half baths. The The great room, with its floor to ceiling automated and pocketing glass doors by Fleetwood, showcases direct views of Troon Mountain. Flowing into the formal dining area, highlighted by a glassed front wine room and opening to a private patio area, guests will enjoy views of the Mazatzal Mountain range to the east, in addition to views of Troon Mountain to the west. For more relaxed entertaining, the casual dining area offers a bar area with four refrigerated beverage drawers, a Scottsman ice maker, and floor to ceiling, corner opening, glass doors that give access to the outdoor kitchen and patio areas. Along with a chef inspired kitchen, for both additional storage and use as a service kitchen, the architect added a Butler's Pantry with dishwasher, sink and refrigerator. Additional rooms include an office, the wine room that holds approximately 700 bottles of your favorite wines, a large entertainment/media room with direct access to the outdoor area, and a gym with cork flooring and its own private patio. The guest house has 1805 square feet with an expansive upper balcony to enjoy the surrounding mountain views, two ensuite bedrooms, a full size kitchen, very large separate living room, and a laundry room, giving a total of 8299 square feet to this home. Highlighted are 6.5 oversized garage spaces with room to add 2 additional garages, if needed. For those with a discerning taste in creativity, artistry and fine materials, this residence harmoniously balances its contemporary design with timeless earthy textures and soothing hues to create a serene environment. Along with showcasing the latest in efficiencies and technology, designer selected expanses of Eurostyle Rift cut Walnut and French White Oak cabinetry in the chef's kitchen and throughout the home are highlighted. Finishes and fixtures include top of the line kitchen appliances like Wolf, SubZero and Miele. Dornbracht, La Cava, Toto and Waterstone are a few examples of plumbing fixtures. Along with large format ratified limestone porcelain tile flooring and various Quartzite counter tops, extraordinary decorative lighting by Holly Hunt, Hammerton Forge & others is featured. An abundance of natural sunlight filters throughout the home with Fleetwood's system of windows and the retractable glass door system in the main living space that opens to patios. With the doors and walls of glass throughout the home, there is a wonderful and seamless emersion between the indoor and outdoor spaces. The outdoor living areas provide entertaining drama. Enhanced by views of Troon Mountain and the McDowell Mountain range, the expansive under cover patio with its outdoor kitchen, the pool and spa, and the large ramada with its multiple areas for seating and dining, the fireplace and the oversized TV niche, all create a wonderful outdoor lifestyle. Looking beyond this incredible home with its many unique and quality driven details, you will see what makes it and Cantabrica Estates so special--the endless and pristine beauty of the area showcased by the surrounding McDowell and Mazatzal Mountain ranges, Troon Mountain and Sonoran Desert views. While just a short distance from all the city has to offer, the community of Cantabrica Estates is about tranquility and open space. For outdoor activities, close by are miles and miles of scenic hiking, biking and horseback riding trails, lakes for boating and fishing, as well as many world class golf courses. Easy access to the 101 Freeway allows you to reach various destinations around the valley quickly. Phoenix Sky Harbor can be reached in approximated 35 minutes and Scottsdale's private airport is about a 20 minute ride. While there are many outstanding doctors, clinics and hospitals in the valley, The Mayo Clinic is also a short drive away. Looking for more? Scottsdale is known for its art and culture and offers an incredible mix of museums, shopping, restaurants, galleries and nightlife, along with a wide range of performing arts and special events such as baseball's spring training, Barrett-Jackson car auction, the Arabian horse show and the Waste Management Phoenix Open Golf Tournament. Click on Documents tab for additional information about this home.

7120 N 46th Street Paradise Valley, AZ 85253

$9,595,000
5 Beds
6 Baths
7,253 SqFt
Status Active
MLS # 6764563
Property Type Single Family Residence
Price Type --
Experience the epitome of luxury at this gated 2-acre Paradise Valley estate, where breathtaking views of Camelback Mountain and sparkling city lights take center stage through expansive floor-to-ceiling glass walls. The home features a chef's gourmet kitchen, a sleek bar and an oversized wine room, creating the ultimate setting for entertaining. Additional highlights include a media room, a fitness /spa room, a thoughtfully designed split floor plan with a bonus room and a full casita for visiting guests. Step outside to your personal oasis, complete with a beach-entry negative-edge heated pool and spa, a sports court, a zip line, and a putting green. Car enthusiasts will appreciate the 6-car climate-controlled garage with an elevator. Home is all one level excluding the garage.

8412 N Golf Drive Paradise Valley, AZ 85253

$9,399,999
6 Beds
6.5 Baths
7,372 SqFt
Status Active
MLS # 6773398
Property Type Single Family Residence
Price Type --
Nestled on a serene, private street in the highly sought-after Camelback Country Club, this stunning single-level home, newly constructed by the RafterHouse, offers a luxurious blend of elegance and comfort. Designed by the acclaimed Blochberger Design, this residence boasts breathtaking views of the 17th hole and an expansive lake. The home is filled with natural light, thanks to oversized windows and sliders, perfectly complemented by the exquisite landscaping from Roots First. Featuring six spacious ensuite bedrooms, each designed to comfortably accommodate a king-size bed, the home offers privacy and luxury for every occupant. A separate, oversized game room provides additional space for entertainment or relaxation. The backyard is a true oasis, ideal for indoor-outdoor living with a custom-designed pool and spa, complete with a stunning fire feature that spans nearly the entire length of the pool. The oversized four-car garage offers ample space for vehicles and storage, making this home as functional as it is beautiful. Whether you're hosting gatherings or seeking a peaceful retreat, this property delivers the ultimate luxury living experience in a quiet, private setting.

6554 N 40th Place Paradise Valley, AZ 85253

$9,390,000
6 Beds
6.5 Baths
7,500 SqFt
Status Active
MLS # 6613811
Property Type Single Family Residence
Price Type --
Welcome to this 7,500 sq ft private estate, a masterpiece by UR Development's in-house team. Enter through dramatic glass doors into a stunning open-concept design with 95% of the living space on one level. Enjoy six ensuite bedrooms, an office, powder room, and four-car garage. The versatile casita overlooks the pool, and the chef's kitchen boasts dual islands, custom cabinetry, and Wolf/Sub-Zero appliances. Entertain in style with a custom wood wine cellar and handcrafted bar. Outdoor features include desert landscaping, an infinity-edge pool, an eight-person spa, a fireplace, and a fire pit. Revel in panoramic views of Camelback and Piestewa Peak, with a C4 smart home system and more. Ideally located minutes from Arcadia, Scottsdale Waterfront, and Biltmore.

6879 E Palma Vita Drive Paradise Valley, AZ 85253

$9,195,000
3 Beds
3.5 Baths
5,480 SqFt
Status Active
MLS # 6719626
Property Type Single Family Residence
Price Type --
The Estates Homes are created by celebrated architect, C.P. Drewett of Drewett Works and award-winning Designer, Claire Ownby of Ownby Design. The floor plan offers gracious space spanning a main and lower level with astonishing views of Camelback Mountain. Future owner can choose from 3 architecturally styles. Each Estate is serviced and branded by The Ritz-Carlton Paradise Valley. Owners have full access to private amenities, hotel amenities, a wide variety of homeowner services, and hotel privileges. The Estate are built by luxury home builders, Starwood Custom Homes and GS Fries Construction. The owners have a very personalized experience with the entire team and involved in every step and progression of their semi-custom home. Please note Estate #6 is not built.

7555 N Eucalyptus Drive Paradise Valley, AZ 85253

$9,000,000
4 Beds
3.5 Baths
7,592 SqFt
Status Active
MLS # 6687994
Property Type Single Family Residence
Price Type --
New to the market for the very first time, this majestic, warm, and elegant Desert Contemporary occupies a serene setting and sits on a site of 2.3 acres on the Paradise Valley Country Club golf course. This one-of-a-kind highly desirable lot is situated on one of the most coveted cul-de-sacs in Paradise Valley. The splendor of the home, built in 1998, and featured in Phoenix Home and Garden magazine, begins by opening the dramatic front door of inlaid walnut wood with sculpted iron handles. Showcasing the extraordinary craftsmanship found throughout the home, the entry rotunda conveys a gallerylike calm, featuring dramatic art niches, honed marble and cherry wood floors illuminated by a dome skylight. A magnificent great room has soaring14' high ceilings of beams and inlaid wood. Floor to ceiling glass doors and windows frame views of the golf course and incredible vistas of the mountains. The kitchen with alder wood cabinetry, center island and eating bar flow into a breakfast room with a two-way fireplace and curved windows. Deep set patios invite you outside to the marble clad BBQ and outdoor dining, firepit and reflecting pool. Formal dining can be enjoyed while looking at vignettes of desert landscaping through glass doors on one side and a wall-to-wall window on the other. A peaceful retreat, the primary bedroom and office wing is a private space with well-placed windows, high ceilings and an atrium effect for the primary bathroom. A cozy yet spacious office is warmed by a 3-sided slate fireplace, creating a dual office space, art walls and comfortable seating. A secondary bedroom suite has a kitchenette and separate entrance, making it perfect for guests. A new wing was added in 2005, with a sizable jack-and-jill bathroom between two bedrooms, one of which can serve as another office space. Symmetrical lines, warm hues, serene elegance, and comfort make this residence a timeless masterpiece.

4536 E Foothill Drive Paradise Valley, AZ 85253

$8,999,999
4 Beds
5.5 Baths
8,604 SqFt
Status Active
MLS # 6779307
Property Type Single Family Residence
Price Type --
This stunning property, remodeled by the acclaimed builder MDF Development with interiors led by Lauren Wallace, offers a luxurious and private escape in Paradise Valley. Set in an exclusive, secluded location, the home boasts incredible views and seamlessly blends indoor and outdoor living. From top to bottom, every detail has been meticulously crafted, featuring smart home technology with Crestron home automation for ultimate convenience. Home is in mid-construction and can be purchased early to allow buyer to selective certain finishes. The home comes with a 2-year builder warranty, ensuring peace of mind in this beautifully transformed retreat. Home currently under construction and pictures are of previous homes from same design/build team. Home can be purchased mid-construction.

5814 E Camelback Road Phoenix, AZ 85018

$8,999,999
5 Beds
5 Baths
6,243 SqFt
Status Active
MLS # 6759228
Property Type Single Family Residence
Price Type --
Introducing an exquisite 5-bedroom, 5-bath luxury estate spanning 6,243 sqft, meticulously crafted by Architect David Dick and Two Hawks Designs & Development. This architectural masterpiece boasts high-end finishes throughout, blending elegance and functionality. The expansive layout includes a state-of-the-art gym, two resort-style pools, and a dedicated pickleball and baseball court, perfect for sports enthusiasts. Take in breathtaking Camelback and Papago mountain views while entertaining guests in the full outdoor kitchen,creating memorable moments against a stunning backdrop. This home is more than just a dwelling, it's a haven for entertainment and relaxation. Situated conveniently close to premier retail, top-notch entertainment venues, and exquisite dining options, it offers the perfect blend of luxury living and accessibility. Welcome to a lifestyle of sophistication and comfort.

38824 N Charles Blair Macdonald Road Scottsdale, AZ 85262

$8,999,000
5 Beds
6.5 Baths
8,000 SqFt
Status Active
MLS # 6506635
Property Type Single Family Residence
Price Type --
Plans underway for this spectacular home designed by Kontexture and to be built by Silvercreek Development. Situated on a ridgetop lot in North Scottsdale guard gated community of Carefree Ranch Estates, this 8,000 square foot home features the latest and greatest in modern desert living with an emphasis on biophilic design. 5 bedrooms including guest house, plus office, and private master bedroom lounge. Spa like dual master bath with free standing tub, oversized shower with views of Desert Mountain Golf course and Pinnacle Peakand dual walk-in closets. HUGE great room with chef's kitchen, butler's pantry, top of line appliances, all spilling to the outdoors via walls of glass for indoor and outdoor entertaining needs. The outdoors includes 2,000+SF elevated terrace with outdoor kitchen, dining and living spaces, along with a zero and negative edge pool, spa, fire features for your outdoor entertaining needs. Elevated 4.36 acre site towering over the valley of the sun! Absolute privacy from this lofty perch overlooking tremendous city light, blazing sunsets, Desert Mountain Golf course views and surrounding mountain views of Black Mountain, Pinnacle Peak, Four Peaks and Camelback Mountain and the entire valley floor. Rough graded driveway in place. Highly-desired southernorientation provides maximum winter sun exposure on patio and pool areas. Private and tranquil for hiking and biking, yet quick access into Scottsdale, Carefree, Cave Creek for shopping, dining and golfing! Minutes from Skyranch private airport with available hanger space. Please inquire for more information or to review the plans on this spectacular estate home! Renderings are conceptual and square footage is estimated. Some finishes/features may change based on availability or buyer's preferences. Builder is happy to meet with buyers to discuss specific finish selections to meet individual needs.

24546 N 91st Street Scottsdale, AZ 85255

$8,995,000
7 Beds
8.5 Baths
10,204 SqFt
Status Active
MLS # 6753806
Property Type Single Family Residence
Price Type --
The best of Prado Estates. Elegantly crafted and styled this Modern Spanish estate has been completely renovated by Mike Graham of American First Builders, exemplifying all that is modern and sophisticated. Featuring large functional living spaces opening to sweeping mountain and city views on this rare, large 4.7-acre estate lot. Upon entering, a large private courtyard leads to a stunning entry with custom steel windows and doors throughout capturing views of Pinnacle Peak and distant mountain vistas. Enjoy the open floor plan featuring a gourmet kitchen with double islands, a fully equipped butler's pantry and a welcoming great room with beamed ceiling detail and custom built ins. The Primary suite and office are located in a private area of the home while the en suite guest rooms are all spacious with private bathrooms featuring customized detailed tile work throughout. The massive 6 car garage, workshop and auto court make this home perfect for a collector or large family. A large two-story guesthouse includes two bedrooms and a private living area. Expansive resort like grounds featuring a private sport court/tennis court, putting green, custom outdoor kitchen with BBQ and pizza oven, heated pool and spa with room to add countless amenities. All located at the end of a quiet and private gated street. Prado Estates is convenient to multiple golf courses, hiking, shopping and restaurants in North Scottsdale. Truly the best of Arizona living!

6480 E El Maro Circle Paradise Valley, AZ 85253

$8,975,000
6 Beds
10 Baths
11,499 SqFt
Status Active Under Contract
MLS # 6749693
Property Type Single Family Residence
Price Type --
THE BEST BUY of 2024...Just reduced $2,000,000 to the new incredible listing price. DO NOT MISS OUT! Nestled within the secure confines of El Maro's gated community stands a stunningly refurbished estate. As you step inside, you're greeted by panoramic mountain vistas & expansive interiors filled with natural light. An inviting billiards room adjoins the family area and kitchen, ideal for gatherings of all sizes. The formal dining and living spaces offer captivating views of the glistening pool, lush landscaping, sprawling golf course & mountains beyond. This exquisite home boasts a wine cellar, an exercise enclave, a theater for cinematic indulgence & a den/retreat with built-in bookshelves and desks. The main house comprises four en-suite bedrooms alongside a sumptuous master suite.. replete with balconies, a cozy fireplace, a spa-inspired bathroom, and a lavish closet just steps away, a wood-paneled office with awe-inspiring vistas awaits. Additionally, an attached guest casita provides a private haven complete with its own entrance, kitchen, laundry facilities, fireplace, and a separate bedroom with a full bath. The property features a lighted tennis court (or two pickleball courts), a four-car garage, and an elevator, among other refined upgrades, further enhancing the timeless allure of this breathtaking estate.

6836 N 36th Street Phoenix, AZ 85018

$8,950,000
3 Beds
3 Baths
3,095 SqFt
Status Active
MLS # 6507389
Property Type Single Family Residence
Price Type --
The ''Circular Sun House'' was designed by Frank Lloyd Wright and was his final architectural design, and known as the Norman Lykes House. 3 beds + office + den + Library. Designed to blend in with the curves of the surrounding desert mountain, this iconic masterpiece was the last home designed by Wright and one of only 14 circular homes by the master architect. Overlapping concentric circles create a floorplan that flows seamlessly from one room to another while every room takes in unobstructed majestic views of Palm Canyon and the city below. Curved walls, clad in golden-hued Philippine mahogany cover the three bedrooms and hallway, reflecting the natural light of Palm Canyon. Sprawling entertaining spaces flow outside to ample patios and a crescent-shaped pool. In Architectural Digest! Three bedrooms PLUS library, plus den could be 4th bedroom and office that sits atop the home.