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.

18704 N Cook Drive Maricopa, AZ 85138

$529,900
3 Beds
2.5 Baths
1,970 SqFt
Status Active
MLS # 6792360
Property Type Single Family Residence
Price Type --
Discover this stunning 2019 Fulton-built Seaside Model home, perfectly situated in the tranquil and highly sought-after Raintree/Glennwilde community. Boasting an open floor plan, this 3-bedroom, 2.5-bath gem features a gorgeous gourmet kitchen with premium upgrades, 10' ceilings, 8' interior doors, and impressive 8' x 16' patio doors that flood the space with natural light. The beautifully landscaped front and back yards create a welcoming ambiance. The backyard is an entertainer's dream, showcasing an extended covered patio with travertine tile and a luxurious salt water pool equipped with upgraded features, including a variable-speed pump.

18802 N 44th Place Phoenix, AZ 85050

$529,900
3 Beds
2 Baths
1,132 SqFt
Status Active
MLS # 6794685
Property Type Single Family Residence
Price Type --
Perfectly located in the highly sought after North Phoenix community of Winds of Tatum. Check out the amazing details in this 3 bedroom/2 bath charmer. 3rd bedroom is perfect as a guest room, den or office. All one level, skylights, low maintenance private backyard with paver hardscaping & pergulo. All this and location too! Close to Desert Ridge shopping, restaurants, Mayo Clinic, Scottsdale, Paradise Valley Community College, 101 & 51 freeways.

6603 W Harwell Road Laveen, AZ 85339

$529,900
4 Beds
2 Baths
2,170 SqFt
Status Active Under Contract
MLS # 6756663
Property Type Single Family Residence
Price Type --
Largest Lot in Laveen Meadows! The owner spared no expense when having this home built! This beautifully updated 4-bedroom gem has room for everyone to have their own space, including a luxurious master suite with an updated en-suite bathroom and walk-in closet with a seperate exit to the private backyard. The gourmet kitchen features corian countertops, custom Cherry wood cabinetry, and high-end 2023 appliances. Open-concept living and dining spaces perfect for entertaining or relaxing with loved ones. Enjoy the freedom of a large, beautifully hardscaped backyard with your own private pool, perfect for hosting fun gatherings and a private dog enclosure so they can play and exercise. Updates include water softener, backyard gas line stubbed for your BBQ. Firepit, oversized garage. OVERSIZED GARAGE, PLANTAIN SHUTTERS, SOLAR TUBES, 2023 LG APPLIANCES IN THE KITCHEN, BOSE SURROUND, 2 ICE MAKERS IN THE FRIDGE, CHERRYWOOD CABINETS, WATER HEATER 202 freeway is nearby for close proximity to shopping & dining!!

1225 E Redfield Road Phoenix, AZ 85022

$529,900 - 3Br/2Ba -  for Sale in Fairway At The Pointe, Phoenix
New
$529,900
3 Beds
2 Baths
1,568 SqFt
Status Active
MLS # 6794139
Property Type Single Family Residence
Price Type --
THIS IS IT! This gorgeous single-level home is model perfect & move in ready & features 3 spacious bedrooms, 2 baths, open concept floor plan & fully landscaped SOUTH FACING backyard with covered patio, gazebo & low maintenance foliage! Sprawling master bedroom features walk-in closet & en-suite bath with double sinks & separate shower & soaking tub! Upgrades include FRESH paint inside & out, gorgeous wood plank tile throughout main areas, soaring ceilings, NEW CARPET, modern fixtures & entertainers kitchen overlooking the great room with dining nook, White cabinetry, granite countertops. breakfast bar & SS appliances! Located in the premier subdivision of Fairways at The Pointe, with community pool, golf course, stunning views & just minutes from I-17 & 51 freeways! DON'T MISS THIS GEM!

7508 S 20th Street Phoenix, AZ 85042

$529,900
4 Beds
3 Baths
2,634 SqFt
Status Active
MLS # 6668528
Property Type Single Family Residence
Price Type --
Spectacularly remodeled 4 bdrm/3 bath home w/ additional large upstairs suite that has its own private entrance, fireplace, bathroom, & large closet - perfect for older children, guests, or possibly even as a rental. New patio doors open to a HUGE lot w/ multiple covered patios, a pergola, a BBQ, a storage shed, & even an outdoor sink. New kitchen w/ beautiful cabinets & quartz counters. Multiple rooms incl. the master bedroom have high vaulted ceilings. Large wood-burning fireplace in living room w/ stone from floor to ceiling. Brand new SS appliances convey to buyer. New, luxury vinyl floors throughout. All 3 showers are newly tiled. All new fixtures + ceiling fans! Fresh paint in/out. OWNER/AGENT.

3117 E Escuda Road Phoenix, AZ 85050

$529,900
3 Beds
2 Baths
1,509 SqFt
Status Active
MLS # 6759246
Property Type Single Family Residence
Price Type --
Completely renovated turn key offering. PERFECT location for Hwy 101, 51, & 17. Desert Ridge, City North, Scottsdale Promenade, Scottsdale Quarter, Kierland & more!! Words can not express the value of this home.

2110 W Silvergate Drive Chandler, AZ 85224

$529,900
4 Beds
2 Baths
1,726 SqFt
Status Active
MLS # 6719939
Property Type Single Family Residence
Price Type --
LOCATION! LOCATION! LOCATION! Come see this four bedroom corner lot with no HOA! Larger RV gate access in the backyard. Featuring a pool with brand new pebble tech flooring and new vacuum/equipment. Granite countertops, three-step epoxy flooring, brand new energy windows throughout, $7000 new solar white shutters on every window. Ceiling fans in every room. Lowest house in the entire neighborhood on electric usage as verified via SRP. Plenty of room for entertainment with the wooden bar and lights. Low maintenance yard and undercover patio. Don't miss this one!

639 W Magena Drive San Tan Valley, AZ 85140

$529,900
4 Beds
3 Baths
2,314 SqFt
Status Active
MLS # 6744878
Property Type Single Family Residence
Price Type --
Imagine coming home to this gorgeous 4bd. 3ba. 2 car garage home located in Circle Cross Ranch. This beautiful home comes with tons of upgrades. Gourmet kitchen with a gas stove, quartz countertops, upgraded lighting throughout, tile flooring, plush carpet. Beautifully landscaped front yard and backyard. Located next to Great Schools, Medical, and Shopping. This home is a must see. Make this your dream home today.

12219 W Prickly Pear Trail Peoria, AZ 85383

$529,900
5 Beds
3 Baths
2,719 SqFt
Status Active
MLS # 6752927
Property Type Single Family Residence
Price Type --
This move-in ready two-story home has been well taken care of and is nestled in a wonderful North Peoria neighborhood. The spacious layout includes a welcoming great room, a DOWNSTAIRS primary suite, and a versatile upstairs loft. The kitchen is a chef's delight with granite countertops, a large kitchen island, and stainless steel appliances, including gas stove. Step outside to a covered patio that overlooks a low-maintenance yard that's complete with pavers and synthetic grass - perfect for relaxing and enjoying the outdoors!

19757 W Grant Street Buckeye, AZ 85326

$529,900
4 Beds
3 Baths
2,369 SqFt
Status Active
MLS # 6765875
Property Type Single Family Residence
Price Type --
Fall in LOVE with this beautiful home in Blue Horizons! Nestled on an extra large corner lot with 4 bedrooms, 3 full bathrooms, mature landscape, & a 3-car tandem garage. Fabulous interior features tons of natural light, two-tone paint, chic light fixtures, and wood-look tile flooring w/soft carpet in bedrooms. The formal dining room opens to the inviting great room, making entertaining a bliss! The gourmet kitchen boasts granite counters, a pantry, tile backsplash, staggered cabinetry, recessed lighting, island w/breakfast bar, and SS appliances w/cooktop gas & double ovens. Enter the main bedroom to find an ensuite with a separate tub/shower, two vanities, & two walk-in closets. This is the perfect home offering plenty of space, a split floor plan and an in-law or guest suite! The spacious backyard offers tranquility, adorned with a covered patio, a perfect spot for cozying around a firepit with lots of space to build a pool and still have a huge backyard area. Magnetic pool fencing is already in place. This community offers very nice walking paths and parks for the whole family to enjoy! Make it yours today! *Furniture also for sale outside of escrow*

25 S Willow Creek Street Chandler, AZ 85225

$529,900
4 Beds
2.5 Baths
2,144 SqFt
Status Active
MLS # 6695275
Property Type Single Family Residence
Price Type --
Welcome to this stunning Superstition built home in the The Springs, a highly sought-after lake community in Chandler. Boasting a fantastic floorplan, this spacious home offers 4 bedrooms and 2.5 bathrooms. With large windows and a wood-burning fireplace, the living and dining rooms are filled with natural light and warmth. The kitchen is a chef's dream, complete with ample space, and opens up to the cozy family room. Step outside to the back patio, where you can relax under the shade of the large covered patio and enjoy your private backyard. This home has been recently upgraded with a freshly cleaned carpet, a repaired patio roof, touched-up interior paint, and a repaired window in the family room.

42041 W Carlisle Lane Maricopa, AZ 85138

$529,900
3 Beds
2.5 Baths
2,967 SqFt
Status Active
MLS # 6776346
Property Type Single Family Residence
Price Type --
SPARKLING POOL with water feature, gorgeous one story home almost 3,000 sq ft, 3BR/Office or Den, Bonus Room, 2.5 Bath, 3 car, recently remodeled Master Bath with 6 ft jacuzzi tub and extra large custom tile shower! SOLAR OWNED, FORMER MODEL HOME, beautiful two tone paint. 10 ft ceilings, highly upgraded kitchen offers staggered cabinets, tile backsplash and DOUBLE OVENS, family room has built in entertainment center and gas fireplace, den office has built in wall shelving. Backyard boasts artificial turf, putting green, pergola in backyard. Garage has epoxy flooring and cabinets. split 3 car garage with cabinets and soft water system. This is a MUST SEE!