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.

21434 W Mountain Cove Place Buckeye, AZ 85396

$2,500,000
5 Beds
4.5 Baths
4,954 SqFt
Status Active
MLS # 6683231
Property Type Single Family Residence
Price Type --
Incredible single level custom home opportunity in Verrado. Buyer still has the opportunity to choose all interior finishes and exterior elevation design. Main house is 4,300 square feet and the attached guest quarters is 654 square feet, for a total of 4,954 square feet with a four car garage. Also includes a swimming pool, spa and outdoor kitchen. This home features a captivating great room floor plan and is situated on an expansive 1.145 acre lot. Providing the perfect canvas for your vision of luxury living. this remarkable residence promises an unparalleled level of customization and sophistication. Click on More for more information: Step into the heart of this home, and be greeted by a kitchen that is as functional as it is beautiful. The buyer has the freedom to select their desired stone for the island, countertops, and backsplash, creating a kitchen that reflects their personal style and taste. Every cabinet in this culinary haven is equipped with slow-close drawers and doors, embodying the seamless blend of convenience and refine craftsmanship. Viking appliances and a pot filler adds an elegant touch to the culinary experience, while the presence of a butler pantry with a separate food prep area allows for seamless organization and efficiency. With 42 upper cabinets and 30 lower cabinets, ample storage space is provided, ensuring a clutter-free environment. The 3cm countertop edge profile adds a luxurious finishing touch to this stunning kitchen. The elegance continues throughout the home with a choice of 12x24 or 24x36 tiles in all wet areas, creating a cohesive and visually pleasing aesthetic. The 8 baseboards and solid core doors add an extra layer of sophistication and durability. Every bathroom in this custom home features custom stone and tile showers, exuding opulence and sophistication. The master shower is equipped with dual body systems, ensuring a spa-like experience in the comfort of your own home. Satin nickel Moen fixtures add a sleek and modern touch throughout. For effortless entertaining, a wet bar area is thoughtfully incorporated, complete with a sink, refrigerator, and icemaker, ensuring that refreshments are always close at hand. Indulge in the opportunity to create your dream home with this exceptional custom residence. From the meticulously designed kitchen to the luxurious outdoor oasis, every detail has been carefully considered to provide the ultimate in comfort, style, and functionality. Embrace the chance to curate a space that reflects your unique vision and experience the epitome of elegance and refinement in this remarkable custom home. Step outside and discover an oasis of relaxation and entertainment. The outdoor space boasts a fully equipped kitchen with a grill, icemaker, and dual burner gas cooktop, offering the perfect setting for al fresco dining and culinary adventures. An outdoor wood-burning fireplace sets the stage for cozy gatherings on cool evenings. The centerpiece of the outdoor area is the stunning 25x50 swim-up beach pool with a separate spill-over hot tub, providing a luxurious retreat for relaxation and recreation.

8742 E Woodley Way Scottsdale, AZ 85266

$2,500,000
4 Beds
5 Baths
4,613 SqFt
Status Active
MLS # 6747685
Property Type Single Family Residence
Price Type --
In addition to the new custom home design, the owners have invested in additional upgrades. A professionally designed desert landscape featuring rolling terrain with marquee desert plant specimens. Expanded patio spaces created for enhanced outside living. The north facing heated pool is in the sun while the covered patios provide large shaded areas to eat and relax. The large lot provides for even more eastward expansion if desired. Windows and doors with direct sunlight have been tinted to maximize energy efficiency of the three zone heating and cooling system. The pool, HVAC and indoor and outdoor lighting can be controlled remotely as well as the monitored security and camera systems. The home features custom wood cabinetry throughout with dovetail joinery and soft-close hinges and glides. All four large bedrooms feature walk-in closets and ensuite baths and large showers. The attached casita features its own external entrance off the front patio for your guests.

2017 N 1st Avenue Phoenix, AZ 85003

$2,500,000
2 Beds
6 Baths
5,224 SqFt
Status Active
MLS # 6757718
Property Type Townhouse
Price Type --
Chateaux on Central, a collection of unique 5 Story brownstones in the heart of the Phoenix Arts district. Residence 18, designed by renowned interior designer Beth McGehee/SB Design Studio, has impeccable flair. 5 Levels of opulence w/ refined features: Stately gated front entry courtyard, commercial grade elevator, wood floors, award winning kitchen w/ Wolf & Sub-Z appliances. 5th Floor for large scale entertainment w/ an end unit terrace, unbeatable city skyline views & kitchen service. Lower level guest suite w/ separate entry & laundry, multiple private terraces throughout & 2 car garage. Walking distance to restaurants, bars, coffee shops, theatre, light rail - minutes from Sky Harbor Airport & all points downtown (sports venues) by rail or by car. Treat yourself to this experience!

20689 E Pummelos Road Queen Creek, AZ 85142

$2,500,000
5 Beds
4.5 Baths
4,323 SqFt
Status Active
MLS # 6763001
Property Type Single Family Residence
Price Type --
Make no mistake, this is THE ONE! Check out this 4,323 sq. ft, TRUE 5 bedroom 4.5 bath, 3 Car Garage PLUS a 16x45 RV GARAGE in the heart of Queen Creek on nearly a 1/2 ACRE Lot. Located in the exclusive GATED community of Bridle Ranch, this Single Level home has the PERFECT floor plan, featuring an office, flex space & a NEXT-GEN SUITE! The main living space is on point & is designed for entertaining w/ its GOURMET Kitchen, Upgraded appliance package including 2 DISHWASHERS, a HUGE pantry & over sized island. The Primary Suite has great natural lighting & the bathroom of your dreams, with an over-sized soaking tub, rain shower, great counter space & 2 CLOSETS. Enjoy the indoor/outdoor living w/ the 20ft glass doors that lead out to your dream backyard & enjoy your heated DIVING Pool, SPA & fire pit. This insulated & AIR CONDITIONED RV Garage features pull-thru Roll Up Doors for easy access with all your Toys. Use it as an RV garage or as an extension of entertaining with the 16ft sliding door, extended covered patio, & built in outdoor kitchen, the potential is endless. Located within walking distance to the newest entertainment, restaurants & shopping (Fat Cats, Pecan Lake Entertainment, Horseshoe Park & Botanical Gardens), this place is what you have been looking for!

10699 E Fernwood Lane Scottsdale, AZ 85262

$2,500,000
3 Beds
3.5 Baths
2,990 SqFt
Status Active
MLS # 6776062
Property Type Single Family Residence
Price Type --
Beautiful soft contemporary golf course home. Offering views of mountain vistas, sunsets, and city lights! Featuring 3 bedrooms and 3.5 bathrooms, natural wood flooring, upgraded custom cabinets throughout, granite and quartzite countertops, 2 fireplaces and separate wet bar. Private outdoor living with sparkling pool, built-in bbq, and multiple patio spaces to enjoy the sunrise, sunsets, and twinkling valley lights. Full golf membership available.

1040 E Osborn Road Unit 1902 Phoenix, AZ 85014

$2,500,000
3 Beds
2.5 Baths
3,483 SqFt
Status Active
MLS # 6785623
Property Type Apartment
Price Type --
Unparalleled views await from this extraordinary penthouse on the 19th floor at Crystal Point located in midtown. Abundant natural light cascades through the endless floor to ceiling glass windows and doors that lead you onto patio spaces that overlook the Phoenix skyline, the lush grounds of Phoenix Country Club, Camelback Mountain, Piestewa Peak, the Superstitions and beyond. The highly coveted Tiffany plan is designed for upscale living and entertaining with a spacious kitchen that overlooks the immense great room, wide hallway and endless wall space for your display of fine art. Two well appointed primary suites and an office that is also an ideal 3rd bedroom make up this split floor plan lock and leave. Centrally located with convenient access to downtown, Phoenix Sky Harbor, the Country Club and the Arizona Biltmore. Upscale amenities include a 24 hour guard, concierge, Olympic size lap pool, gym facilities, cozy common room for gatherings, storage and hotel quality guest suites available for your visitors.

4052 E Oak Street Phoenix, AZ 85008

$2,500,000
5 Beds
6 Baths
5,232 SqFt
Status Active
MLS # 6778389
Property Type Single Family Residence
Price Type --
New construction - Modern Luxury just south of Arcadia. Every detail of this 5 bedroom masterpiece has been thoughtfully considered and expertly crafted, from the framing to the quality finishes, to the seamless smart home technology integration. Details such as hand-troweled venetian plaster and embedded light fixtures, generous butler pantry and doggie bath laundry are generally found at much higher price points. This flexible floor plan features a separate primary retreat that feels like a private spa, and an attached full casita including kitchen, bath and laundry. All bedrooms are ensuite. The kitchen is a cook's dream with all Thermador appliances, streamlined wood cabinets, and a huge, cantilevered island with plenty of room for seating and entertaining! The living area opens onto a generous patio and beyond is a new pool, hot tub, and large grassy area in the oversized backyard. Enjoy the lifestyle this amazing location affords: close to restaurants, shopping, golf, hiking, ASU, freeways, and 15 minutes to the airport. Call today for a private showing.

23523 N 79th Avenue Peoria, AZ 85383

$2,500,000
6 Beds
4 Baths
8,500 SqFt
Status Active
MLS # 6799459
Property Type Single Family Residence
Price Type --
Step into unparalleled luxury with this stunning 6-bedroom, 4-bathroom estate. Set on a sprawling 1-acre lot, this home boasts jaw-dropping curb appeal, complete with a beautifully maintained desert landscape and low-maintenance turf. The oversized 4-car garage and RV gate provides storage for all your needs. Inside, the grand dining and living areas feature soaring ceilings and eye-catching light fixtures that create an atmosphere of elegance. You'll find gorgeous flooring and a striking stone fireplace. The gourmet kitchen is an absolute dream with custom wood cabinetry, granite countertops, and a stylish tile backsplash. Built-in appliances, including dual wall ovens, a walk-in pantry, and an island with breakfast bar. Don't miss your chance to own this exceptional home!! Don't forget about the sizeable den, perfect for an office or even a library! Upstairs you will find a cozy loft where you can spend a relaxing Sunday afternoon. The gran primary suite showcases a private sitting room w/stylish French doors, direct balcony access, a 2nd fireplace, a walk-in closet, and a lavish bath w/dual vanities & a jetted tub. Finished basement boasts a 2nd kitchen area and a large bonus room ideal for an entertainment center! Lastly, the expansive backyard includes a covered patio, multiple seating areas, well-laid pavers, a lovely pergola, basketball court, and a fire pit! This is the opportunity of a lifetime, hurry and act NOW!

27939 N 100th Place Scottsdale, AZ 85262

$2,500,000
4 Beds
3.5 Baths
4,450 SqFt
Status Active
MLS # 6790873
Property Type Single Family Residence
Price Type --
LaScala Tivoli model in Estancia sited adjacent to a large open space providing privacy * Old World-style with exterior architectural elements that include aggregate stucco, rusted steel, wood, glass and stone details * Interior finishes include quartz and European oak flooring, granite counters and alder wood cabinetry * Recently updated in a modern and minimalist feel with new light fixtures, paint, ceiling fans and window coverings * Recently expanded outdoor space with new decking, spa, fire pit and BBQ station * Open, Great Room floor plan with two master suites and an office/media room plus a separate entrance guest house with 2 bedrooms and kitchenette * ZERO interior steps * Convenient location to walk to the Estancia clubhouse *

6701 N Scottsdale Road Unit 20 Scottsdale, AZ 85250

$2,500,000
4 Beds
4.5 Baths
3,466 SqFt
Status Active
MLS # 6787080
Property Type Townhouse
Price Type --
Not often will you find a property with the defining character as this home. European yet modern details masterfully and thoughtfully adorn this private treasure. Custom designed wood floors, hand crafted iron staircase(s), plank/beam ceilings, fireplace w/dramatic façade, main level bdrm suite w/custom built-ins. Cozy family & living room nestled near the private outdoor living area w/fireplace and BBQ. Gourmet kitchen w/finishes expected offers a french door access to a large side garden well suited for entertaining. Travel upstairs; 2 large bdrm suites both with inviting sitting areas, one with a fireplace. Charming 4th bdrm/bath with bright window seat. Cuernavaca at its finest with all of Scottsdale offerings of restaurants, shopping along with the soon to be open Ritz Carlton.

4547 S Banning Drive Gilbert, AZ 85297

$2,500,000 - 5Br/5Ba -  for Sale in Weston Ranch Amd, Gilbert
New
$2,500,000
5 Beds
5 Baths
4,266 SqFt
Status Active
MLS # 6795179
Property Type Single Family Residence
Price Type --
Welcome to this beautifully updated 5-bedroom, 5-bathroom home, offering luxurious living on nearly an acre of land in South Gilbert. Designed for both comfort and style, this gorgeous home features a perfect blend of modern finishes and open-concept design, making it ideal for both entertaining and everyday living. This home boasts over 4000 sq ft of thoughtfully designed living space, with a spacious great room, gourmet kitchen, and a Casita equipped with a kitchen, living area, bedroom, and bathroom perfect for teen living or mother in law suite. The chef's kitchen is a showstopper, complete with high-end stainless steel appliances, custom cabinetry, large center island, and sleek countertops. New tile throughout main living area, and primary suite and low pile carpet in guest rooms. The expansive master suite offers a peaceful retreat with large windows, sitting area, walk-in closet, and a spa-like en-suite bath featuring a soaking tub, dual vanities, and a walk-in shower. The additional bedrooms provide ample space for family, guests with each room has access to a full bath. All five bathrooms are updated with modern fixtures and high-end finishes, ensuring every space feels like a personal oasis. Outdoor Paradise, on nearly an acre of land gives you the ultimate outdoor living experience. Travertine tile surrounds the pebble tec pool and spa that has 2 water features and a slide. Outdoor kitchen covered by a custom water feature that is sure to impress. Artificial grass and gorgeous landscape surrounds this beautiful yard. Situated in a quiet, family-friendly neighborhood in Gilbert, you'll have easy access to top-rated schools, shopping, dining, and recreation. This home truly offers it all: modern updates, generous living space, and a prime location. Come see everything this exceptional property has to offer!

13207 E Parkview Lane Scottsdale, AZ 85255

$2,500,000
4 Beds
4.5 Baths
3,906 SqFt
Status Active
MLS # 6796151
Property Type Single Family Residence
Price Type --
Nestled within the breathtaking landscapes of the prestigious Storyrock community, this nearly 4,000-square-foot luxury masterpiece redefines Arizona living. Boasting 4 bedrooms, 4.5 bathrooms, and an unrivaled blend of sophistication and comfort, this custom-built home exudes elegance at every turn. From the moment you arrive, the paver driveway and striking curb appeal set the tone for this exceptional property. Inside, high-end custom finishes and designer details abound, creating a sophisticated yet welcoming ambiance. The heart of the home is the expansive great room, where large windows frame breathtaking views of the Four Peaks and iconic boulders, perfectly complemented by the elevated deck that provides the ideal spot to soak in Arizona's stunning sunrises. The gourmet kitchen, complete with top-of-the-line appliances and luxurious finishes, is a chef's dream and flows effortlessly into the dining and living spaces, perfect for entertaining. The private backyard oasis features a heated pool, offering year-round relaxation amidst serene desert surroundings. Whether you're hosting guests or enjoying a quiet evening, the outdoor spaces provide a perfect blend of tranquility and luxury.