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.

4551 S Avenida Corazon De Oro -- Gold Canyon, AZ 85118

$2,650,000
7 Beds
6.5 Baths
8,432 SqFt
Status Active
MLS # 6782095
Property Type Single Family Residence
Price Type --
Majestic Custom Estate in the Gated Community of Vista Del Corazon. Jaw-dropping 180+ degree views of the magnificent Superstition Mountains. The private community sits on the renowned Dinosaur Mountain Golf Course with the Superstition Mountain Golf & Country Club just to the north. This *furnished* listing includes the neighboring lot for a total of over 1.3 acres- affording the buyer the luxury of unobstructed views and the opportunity for a future sale of the separate lot. 7 bedrooms (including 2 phenomenal primaries), 2 kitchens, 2 greatrooms, and many versatile spaces for game rooms, media rooms, etc.. This property offers the buyer the ability to accommodate everything on their own personal dream home wish list. Stargaze or take in the breathtaking sunrises and sunsets from sweeping walk-out terraces on both levels, from the tranquil heated pool and spa, the cozy private patios of the ensuite guest rooms, or in the romantic primary spa-jetted tub with two-sided fireplace. Soaring beamed ceilings, a tasting room, an outdoor bbq kitchen with pizza oven, an expansive 4-car garage, and even 3 laundry options throughout the home,... all come together for true luxury resort living with an unrivaled backdrop in every direction.

12801 N 65th Place Scottsdale, AZ 85254

$2,650,000 - 5Br/5Ba -  for Sale in Desert Estates  5, Scottsdale
New
$2,650,000
5 Beds
4.5 Baths
4,767 SqFt
Status Active
MLS # 6791258
Property Type Single Family Residence
Price Type --
A stunning updated home in Desert Estates in 85254. 4767 sqft on over a 1/2 acre lot. An absolutely charming home blending Southwest and Mediterranean design. Home boasts 5 bedrooms (3 of which are en-suite), an office boasting reclaimed doors and Media room. Split floorplan with beautiful Primary bedroom retreat with sitting area and steel doors opening to covered patio. Large manicured yard with expansive turf yard and sport court.

10040 E Happy Valley Road Unit 2001 Scottsdale, AZ 85255

$2,650,000 - 3Br/3Ba -  for Sale in Desert Highlands, Scottsdale
New
$2,650,000
3 Beds
3 Baths
3,658 SqFt
Status Active
MLS # 6799029
Property Type Single Family Residence
Price Type --
IMMEDIATE GOLF MEMBERSHIP AT CLOSE OF ESCROW. Remodeled soft contemporary spectacle surrounded by breathtaking mountain views. Open concept floor plan with formal living and dining, family room and adjacent kitchen. Large expanses of glass bring the outside in. Master suite with separate backyard access + opulent bath. 2 guest bedrooms, 2 guest baths + office/den. Private and inviting backyard with Pinnacle Peak as a backdrop includes a large covered patio, separate conversation patios, lush landscaping, and built-in bbq. Desert Highlands, ranked as a top 100 club by Platinum Clubs of the World, offers world class amenities include a Jack Nicklaus championship golf course, 18-hole putting course, award winning clubhouse featuring Jack's Gastropub and Jack's Backyard, Highlands Racquet Club offering grass and clay tennis courts + pickleball courts, state of the art fitness center & more. A $190,000 membership fee is due from buyer at close of escrow

4669 E Calle Redonda -- Phoenix, AZ 85018

$2,650,000 - 4Br/3Ba -  for Sale in Mountgrove, Phoenix
New
$2,650,000
4 Beds
3 Baths
2,830 SqFt
Status Active Under Contract
MLS # 6791539
Property Type Single Family Residence
Price Type --
Discover quintessential Arcadia Proper living with this Two Hawks Design build feat. unobstructed Camelback Mountain views and an open-concept, split floor plan. 2,830 SQFT offers 4 spacious bedrooms and 3 bathrooms. The kitchen shines with stainless steel appliances and custom island. The primary suite boasts vaulted ceilings, spa-like bathroom, and private backyard access. Entertain in the lush backyard offering a heated pebble tec pool, built-in BBQ, and fire pit with direct access to the Arizona Canal Trail, just a bike ride away from Arcadia's top shopping, dining, and nearby hotspots in Biltmore and Old Town Scottsdale.

160 Creek Mesa Drive Sedona, AZ 86336

$2,650,000
3 Beds
5 Baths
4,525 SqFt
Status Active
MLS # 6673024
Property Type Single Family Residence
Price Type --
This stunning property in Sedona, Arizona, is a unique opportunity to own a piece of paradise in the highly desired Creek Mesa subdivision. The home was designed for a single owner who is an art enthusiast, to showcase their art and to enjoy the breathtaking views with privacy. Now, this hidden gem can be yours. The magic starts as you drive up from the private gate to your spacious paved driveway. You will see how the home blends into the natural flow of the mountain. As you lift your sight, you will be amazed by the majestic mountain views. As you walk into the bridge of greenery, you will hear the serene sound of running water in the delicately crafted courtyard. You will be greeted by a majestic architectural accent cylinder that serves as a centerpiece for art and warmth The house offers a cathedral ceiling and floor-to-ceiling panoramic windows that not only provide natural light but also offer incredible views of Mountain Wilson. The split floor plan has an organic flow to enjoy the outdoors from every space in the home. The house offers many outdoor sitting areas, including a balcony and a fabulous spa just outside of the main bedroom. There is also a below-grade entertainment game room, a steam bathroom, and a wet bar, that opens to the outdoor kitchen and to the negative edge pool with a water feature. The pool is prepared to be used every day of the year, since it has a pool water heater heated by solar panels. It also has a convenient cover to use it at your convenience and keep it free from debris. Your next home is adjacent to the community park and Oak Creek, meaning that only steps away from your home you can have a picnic with the multiple bbq pits and tables, as well as a sitting area to relax while listening to the running water. If you are a trail enthusiast, Creek Mesa Subdivision has a well-maintained trail that leads to the swimming hole along with scenic views. This subdivision is a gated community with luxury homes that offer mountain and red rock views. This house is a perfect blend of comfort, luxury, and nature.

19778 E Sonoqui Boulevard Queen Creek, AZ 85142

$2,650,000
3 Beds
4.5 Baths
4,407 SqFt
Status Active
MLS # 6742898
Property Type Single Family Residence
Price Type --
Prepare to be amazed! Check out this luxurious home now for sale in Circle G at Queen Creek! Nestled on an oversized corner. Walk up to a gorgeous front courtyard with a beautiful outdoor fireplace featuring a stunning facade w/stone accents, lush green landscape, circular paver driveway, 3 car garage plus a detached 40 x 60 RV garage, huge motor court perfect for car lovers, and 2 RV gates! Open the door to a spacious open floor plan w/beamed ceilings, elegant wood-look tile flooring, and a linear fireplace. The chef's kitchen is comprised of custom cabinetry w/quartzsite countertops, 60'' Viking Stove with Double Ovens, 60'' Viking Fridge/Freezer, an additional wall oven/Microwave, pendant lighting, stylish backsplash, a breakfast nook, and a 16 ft island complete w/a breakfast bar. You'll also find a formal dining room w/an accent wall and plantation shutters, perfect for hosting dinner parties. End your busy day in the primary bedroom, boasting private outdoor access, a walk-in closet, and a lavish ensuite w/dual vanities. Don't forget about the cozy den, ideal for an office or lounge area. The laundry room has a dog washing station. Attached to the 40 x 60 RV garage is a 12 x 24 casita with it's own bathroom and small kitchen. All of the gas features are fed by a 1000 gallon propane tank. Finally, the wonderful backyard includes a covered patio, extended seating area, a 3rd fireplace, fire pit, a built-in BBQ containing a flat top grill, a charcoal grill, & 2 large burners, margarita station, a lovely pergola, and a sparkling blue pool! This is the opportunity of a lifetime, hurry and act now!

8567 E Black Mountain Road Scottsdale, AZ 85266

$2,650,000
5 Beds
5.5 Baths
5,838 SqFt
Status Active
MLS # 6779985
Property Type Single Family Residence
Price Type --
- RV Garage or 9 car -One bedroom casita - Theater room - No HOA restrictions - 50 FT RV Garage with ample storage space - Private courtyard with a resort-style pool - Breathtaking panoramic views from view deck - Dedicated movie theater for cinematic experiences - Bonus/game room for endless entertainment - Open floor plan with sliding doors bringing the outdoors in - Every bedroom has ensuite bathrooms for comfort and privacy Landscaping, mirrors, closets, will be complete per buyer request Lowest price SQFT in new construction in the area. Built in equity.

4420 N 29th Street Phoenix, AZ 85016

$2,650,000
4 Beds
4.5 Baths
3,811 SqFt
Status Active
MLS # 6744731
Property Type Single Family Residence
Price Type --
This exquisite single-family residence offers over 3,800 square feet of luxurious living space, featuring 4 spacious ensuite bedrooms and 4.5 bathrooms. Nestled on a nearly 13,000 square foot lot on a cul-de-sac, this home boasts breathtaking views of Camelback Mountain and Piestewa Peak. Step inside to discover high ceilings that create an airy ambiance, complemented by an abundance of natural light throughout. 10 foot tall multi-slide doors, butted glass windows & staircase, imported large format tile, temperature controlled walk-in wine storage & hardwood floors set this masterpiece apart. The gourmet kitchen is a chef's delight, equipped with top-of-the-line Wolf and Sub-Zero appliances, perfectly suited for culinary enthusiasts. Enjoy hosting family gatherings with the convenience of a secondary kitchen and multiple living areas that provide ample space for relaxation and entertainment. The outdoor oasis features a sparkling pool, ideal for cooling off during those warm Phoenix days or enjoying sunset views with friends and family. The property also includes a 3-car garage and electric vehicle outlets, ensuring your modern lifestyle is accommodated with ease. Don't miss this unique opportunity to own a slice of paradise in one of Phoenix's most sought-after locations. Experience the perfect blend of luxury and comfort!

10040 E Happy Valley Road Unit 301 Scottsdale, AZ 85255

$2,650,000
4 Beds
4 Baths
4,632 SqFt
Status Active Under Contract
MLS # 6764421
Property Type Single Family Residence
Price Type --
A rare opportunity awaits with IMMEDIATE GOLF MEMBERSHIP AT CLOSE OF ESCROW in the prestigious guard-gated community of Desert Highlands. The monthly HOA dues conveniently include member golf fees. This 4-bedroom home, including a detached casita, is perfectly nestled along the 4th fairway of the world-renowned Jack Nicklaus Signature Golf Course, offering breathtaking views of both the course and surrounding mountains. From the moment you arrive, the captivating curb appeal draws you in, and as you step through the door, you're welcomed by an atmosphere of elegance, tranquility, and seamless functionality. Private backyard retreat with pool/ spa, large covered patio, fire pit with seating is a perfect sanctuary for entertaining year round, providing the ultimate living experience.

4501 E Turney Avenue Phoenix, AZ 85018

$2,650,000
4 Beds
5 Baths
3,516 SqFt
Status Active
MLS # 6695499
Property Type Single Family Residence
Price Type --
Immerse yourself in luxury with this architecturally astounding, one-of-one Modern Coastal Inspired home. This custom-built residence showcases an exceptional use of glass and natural light, creating a stunning visual connection to the outdoors. Property Highlights: Elegant Design: Spanning over 3,500 sq ft, DUO features a spacious open-concept layout ideal for modern living and grand entertaining. Natural light and Views: Floor-to-ceiling glass walls throughout the home offer uninterrupted views of the iconic Camelback Mtn & The Phoenix Mtn Preserve. Modern Coastal Architecture: Project DUO stands out as a one-of-one with its unique Modern Coastal Architecture, imagined with the amazing team at DesignTank and Urban Revival. Integrating high-end materials and finishes, like aggregate concrete driveways and walkways, exposed brick, heat and steam treated exterior rated oak and metal, combined with innovative design to create a visually striking appearance Luxurious Interiors: Every detail has been carefully selected, from the state-of-the-art kitchen with premium appliances and custom cabinetry, to the tranquil bedrooms each with en-suite facilities and walk-in closets. The master suite is particularly impressive, offering a spa-like bathroom and breathtaking CB Mtn views from the moment you open your eyes in the morning. Prime Location: Situated within close proximity to top schools, fine dining, and exclusive shopping, this home offers both privacy and convenience in Phoenix's most coveted neighborhood. This property is more than just a home; it's a masterpiece of modern design and a rare jewel in the Arcadia real estate market. Outdoor Living: Exterior patios and expansive walk-out decks enhance your connection to nature, providing a perfect setting for relaxing and hosting with scenic mountain backdrops. Experience the paragon of modern luxury living with unrivaled views and exquisite design in this exclusive Arcadia residence. Your chance to own this spectacular home is just an inquiry away.

12313 N 93rd Way Scottsdale, AZ 85260

$2,649,990
4 Beds
4.5 Baths
5,117 SqFt
Status Active
MLS # 6675558
Property Type Single Family Residence
Price Type --
Up to 3% of Base Price or total purchase price, whichever is less, is available through preferred lender. The stunning Sterling model comes complete with landscaping in both the front and back yards, as well as a spacious four-car tandem garage. The kitchen is adorned with KitchenAid Pro Premier Appliances and features a thoughtfully planned cabinet layout. In the foyer, a trey ceiling adds elegance, while the great room is highlighted by a multi-panel center sliding glass door. Additional luxuries include an AV built-in with a fireplace, a guest suite with a living area, and a lavish owner's bath. All conveniently situated in the sought-after Cactus corridor.

6914 E 2nd Street Scottsdale, AZ 85251

$2,649,950
4 Beds
3.5 Baths
3,014 SqFt
Status Active
MLS # 6768865
Property Type Single Family Residence
Price Type --
Introducing Old Town 5! Downtown Scottsdale's newest urban living community with 5 stylish homes available, all with state of the art finishes, fresh design elements and luxurious living spaces. Each home will include a stunning gourmet kitchen, wide plank wood flooring, sleek cabinetry, refined marble, gorgeous custom lighting and fully retractable walls of glass that open to spacious entertainment balconies. The full guest house is an added bonus. High style, architectural excellence, quality, comfort and functionality combine to create an environment like no other. And Located in the center of the ever booming Old Town Scottsdale, where the lifestyle is unparalleled, and walking distance to the finest dining, clubs and shopping in all of The Valley, this unprecendented community of upscale homes promises to be as unique as it is desirable!