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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13370 W Domino Drive Peoria, AZ 85383

Open House

$569,000

2 Beds

2 Baths

1,926 SqFt

Status Active

MLS # 6766463

Property Type Single Family Residence

Price Type --

BEST-PRICED 'MOSAIC' WITH 2-CAR+GOLF CART GARAGE IN TRILOGY! Lightly lived-in, built in 2021! Neutral palette with WIDE PLANK TILE FLOORING. Kitchen with GRANITE SLAB on countertops & island, stainless appliances with 5-burner gas stove. Huge SMART SPACE with washer/dryer, 2 built-in desks, laundry sink, abundant cabinets with roll outs and LARGE PANTRY. Large open great room with adjacent extended dining room big enough for large table. Primary suite with very spacious closet, double sinks, large shower and separate toilet rm. Den with double French doors/multipurpose. Very spacious 2nd bed. Lovely, landscaped lot, full fenced yard. Upgraded lighting, fans and blinds throughout plus top-down/bottom-up shades in bedrooms. This home is in award-winning gated, 55+ Trilogy at Vistancia with 5-star-resort style amenities at the 35,000 SF Kiva Club with indoor & outdoor pools, fitness center, day spa, cafe, billiards, meeting rooms, library, tennis courts, pickle ball, bocce ball, events & a plethora of activities to choose from. Outstanding Gary Panks-designed golf course is woven throughout the original part of the neighborhood. The Mita Club has additional outstanding community amenities. Easy access from Trilogy to the 303, shopping, restaurants, entertainment, Lake Pleasant & Paloma Park, Peoria's huge community park loaded with amenities.

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16846 W Almeria Road Goodyear, AZ 85395

Open House

$569,000

2 Beds

2 Baths

1,917 SqFt

Status Active

MLS # 6795573

Property Type Single Family Residence

Price Type --

Welcome to this well maintained 2 bed 2 bath home. This property offers Stainless steel appliances, upgraded cabinets with pull out drawers and soft close cabinets and drawers. Granite countertops, gas cooktop, tile backsplash. Ceiling fans throughout as well as ceiling fans. Primary bed has large bathroom, walk in tile shower, plenty of storage as well as walk in closet. Back yard has mature trees, synthetic grass. Features a whole house water filter as well. A lifetime warranty of George Brazil plumbing and electrical transfers to new owners. This home will not last.

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17638 W Rancho Drive Litchfield Park, AZ 85340

New

$568,990

4 Beds

3.5 Baths

2,664 SqFt

Status Active

MLS # 6803265

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 plus additional 2% of base price or total purchase price, whichever is less, is available to be used toward closing costs, pre-paids, rate buy downs, and/or price adjustments. The beautiful Parklane model offers four bedrooms and a den, featuring a glass walk-in shower in the owner's suite, a center sliding glass door in the gathering room, and gas stubs at the kitchen, laundry, and backyard. French doors enhance the den's appeal. This home also showcases upgraded granite countertops, premium cabinetry, a stainless steel gas range, two-tone paint, and upgraded tile flooring in all the right places. A perfect blend of style and functionality.

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3131 N Central Avenue Unit 3016 Phoenix, AZ 85012

$568,933

2 Beds

2 Baths

1,125 SqFt

Status Active

MLS # 6596296

Property Type Apartment

Price Type --

*Construction completed* 5% BUYER INCENTIVE! Introducing Edison Midtown Phase 2 with 60 new construction condominiums. This spacious two bedroom condo offers ten ft. ceilings, an open floor plan, and large master bedroom with ensuite bathroom. Chefs kitchen offers expansive cabinetry, quartz countertops and stainless steel appliances including a gas range. Edison Midtown features incredible amenities for that perfect Urbanite lifestyle. A beautiful pool and lap pool, 2000 sq. ft. fitness center and lounge, and gated parking garage.

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25046 S Foxglenn Drive Sun Lakes, AZ 85248

New

$568,800

2 Beds

2 Baths

1,641 SqFt

Status Active

MLS # 6803295

Property Type Single Family Residence

Price Type --

Welcome Home!!! This gorgeous 2 bedroom 2 bath gated home at the desired 55+ active community of Iron Oaks at Sun Lakes is in a fantastic location. Close to restaurants, shopping, parks, multiple golf courses & easy access to the I-10 Fwy. As soon as you step into this home, you can see the pride of ownership with all that has been done. You'll love the layout of this open concept floor plan. Your kitchen offers stainless steel appliances, granite counter tops with full height granite backsplashes, a breakfast bar, a pantry & stunning crown molding cabinetry. Your spacious master suite offers a plethora of natural light, a walk in closet, dual granite vanity, a walk in shower & direct access to your backyard. This Cul-De-Sac home also offers upgraded ceiling fans, vaulted ceilings, plantation shutters, a new water heater, a 3 car garage where the 3rd car garage has been converted into a casita (with no bathroom & is able to be converted back to a garage), as well as a low maintenance backyard that offers a large covered patio with extended flagstone & a water feature. Your gated adult community offers 5 golf courses to challenge your skills, a first of its kind Jason Morton Tennis Center, 8 pickleball courts, a state of the art fitness center, multiple heated community pools to enjoy, 2 club houses & restaurants, as well as a numerous amount of clubs & organizations to be a part of. This gem in the desert is a Great Buy & a Must See!!! **Furniture is available on a separate bill of sale.

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3802 W Mission Lane Phoenix, AZ 85051

$568,800

7 Beds

4 Baths

2,618 SqFt

Status Active

MLS # 6763951

Property Type Single Family Residence

Price Type --

Calling all Investors, This turn-key house provides immediate cash flow, with individual rooms already rented out. (pad split). The property includes six fully furnished bedrooms designed for maximum rental income, as well as a separate one-bedroom, one-bath guest house. This arrangement provides flexible living options and helps to offset mortgage costs while generating a reliable income stream. With its appealing features and prime location, this property serves as both a smart investment and a cozy home.

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14740 W Tether Trail Surprise, AZ 85387

$568,550

3 Beds

2.5 Baths

2,471 SqFt

Status Active

MLS # 6798485

Property Type Single Family Residence

Price Type --

''Bright & Spacious, Nearly Move-in Ready!'' Thoughtfully designed, energy-efficient home with desirable North Facing Exposure offers everything you need, including a deep, pool-sized backyard, 13 feet of space between neighbors, and a 3-car garage + service door. Featuring 3 bedrooms, a flex/office space, and 2 1/2 bathrooms, this home provides versatile and comfortable living. The gourmet kitchen boasts quartz countertops, tile backsplash, gas cooktop, wall oven/micro, & 42'' upper cabinets. The primary suite offers a retreat-like experience with a tiled shower, spacious walk-in closet, & raised-height vanities in all bathrooms. Convenient location plus community pickleball, ping pong, and bbqs

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12386 W Cassia Trail Peoria, AZ 85383

$568,000

4 Beds

3 Baths

2,374 SqFt

Status Active

MLS # 6752908

Property Type Single Family Residence

Price Type --

Discover your dream home in this stunning 4-bedroom, 3-bathroom gem. With a spacious loft and a covered patio, this home offers plenty of room to grow and entertain. The kitchen is a chef's delight, featuring modern finishes and a stylish herringbone pattern backsplash that adds a touch of elegance. The beautiful wood-like tile flooring in high traffic areas adds warmth and durability. The unfinished backyard has mountain view and is a blank slate, ready for you to customize and create your perfect outdoor oasis.

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20323 E Happy Road Queen Creek, AZ 85142

$568,000

3 Beds

2 Baths

2,080 SqFt

Status Active

MLS # 6754931

Property Type Manufactured Home

Price Type --

Spacious and bright 3-bedroom, 2-bathroom modular home on just over an acre of land in Queen Creek, AZ with large bedrooms, walk-in closets and large storage closets. Luxury vinyl plank (LVP) installed throughout entire house in 2019. New roof installed September 2021. Acre is perimeter and cross fenced and within riding and walking distance of Santan Mountain Regional Park. 16' x 32' galvanized steel 2-stall shed row for horses and huge paver patio for outdoor enjoyment yet property is minutes away from Equestrian Center, Fry's Grocery, Fat Cats, Caldwell County BBQ and more.

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5630 W Kesler Street Chandler, AZ 85226

$568,000

3 Beds

2 Baths

1,922 SqFt

Status Active

MLS # 6799103

Property Type Single Family Residence

Price Type --

Move-in Ready! 3 Bed/2 Bath Chandler home in Carrington Place, This lovely home includes vaulted ceilings, a wood burning fireplace, newer dual pane windows (2022) throughout, plantation shutters, updated bathrooms, updated light fixtures, and newer appliances. Outside enjoy low maintenance front landscaping, 3-car expanded driveway, and RV gate! The backyard includes a covered patio and a separate storage shed. Enjoy relaxing in the Covered Heated or Cooled Seasonal Spa! Included is a Home Warranty thru 2027! Near 101, 202 & I10 frwy. Kyrene School District. Book your tour today!

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628 W El Pajarito Drive Wickenburg, AZ 85390

$568,000

3 Beds

3 Baths

1,824 SqFt

Status Active

MLS # 6633676

Property Type Single Family Residence

Price Type --

New Build right in the heart of Wickenburg. Only 3 Existing masonry walls remain from existing home, and everything else is brand new. All new electric, plumbing, and sewer throughout. pebble-tech Pool and all new pool equipment. Includes new Built-in BBQ area in back yard. New Roof and New HVAC unit - 4 ton package heat pump, 15 seer dual stage by Trane w/ Ecobee Thermostat controls. Home is spray foam insulated in all walls and ceilings, including the garage. Smart TV's and apple TV modules in every room. 2-channel amplifier, 8'' sub-woofer, and in ceiling speakers in Master Bedroom and Living room. House includes 16-zone security and surveillance system with push button key-pad. Ring exterior video doorbell, exterior video camera on back of house included

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16612 N 151st Lane Surprise, AZ 85374

$568,000

4 Beds

2.5 Baths

2,856 SqFt

Status Active

MLS # 6710976

Property Type Single Family Residence

Price Type --

Welcome to this stunning two-story home warm and inviting from the moment you step through the door. Home featuring so many upgrades you won't believe this beauty, from exquisite diagonal tile flooring that runs throughout the entire first floor, leading into a gourmet eat-in kitchen with upgraded Cherry Wood 42-inch cabinets, granite countertops, large kitchen island, great for entertaining. The kitchen overlooks the backyard oasis with a sparkling pool. Second floor master suite with walk-out deck overlooking mountain views. Enormous master bath with garden tub and separate shower, large walk-in closet. All other bedrooms are abundant in size. Enormous game room can be converted into two extra bedrooms The home also features a downstairs office and can be converted into a fifth bedroom. We are just minutes away from schools, shopping, restaurants, Surprise Stadium-Spring Training, outdoor Recreation center, Surprise Aquatic Center, events and Festivals and hotels. You will enjoy this highly upgraded exquisite home, conveniently located few minutes away from the downtown Heritage district where the family fun begins.

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