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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4533 N 93rd Glen Phoenix, AZ 85037

$550,000

4 Beds

3 Baths

2,590 SqFt

Status Active

MLS # 6656309

Property Type Single Family Residence

Price Type --

Embark on a journey to explore the captivating charm of this stunning 4-bedroom home, where an inviting open floor plan seamlessly integrates with a versatile semi-open den, perfect for a home office or creative studio. Step inside to discover the warm allure of wood-look flooring and a spacious great room, designed for both lively social gatherings and cherished family moments. The delightful kitchen is a focal point, featuring pristine white cabinets, stainless steel appliances, a pantry, granite countertops, subway tile backsplash, and a center island with a breakfast bar. Unwind in the tranquil main bedroom, complete with a trendy barn door that leads to a luxurious ensuite boasting dual vanities, a makeup table, and a generous walk-in closet. Outside, the expansive backyard beckons with a covered patio, paver seating areas, and low-maintenance artificial turf, providing the perfect setting for relaxation and outdoor enjoyment. This home is a true gem waiting to become yours, promising a lifestyle of comfort, style, and endless possibilities!

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427 Leisure World -- Mesa, AZ 85206

$550,000

3 Beds

2 Baths

2,751 SqFt

Status Active

MLS # 6682029

Property Type Single Family Residence

Price Type --

Seller is offering to pay 1 year of HOA fees! Easy to Show. NEW ROOF with warranty 2023. NEW HVAC with warranty 12/2023. Cherry wood cabinets with crown moulding, Stainless Steel Appliances & reverse osmosis. A CHEF'S DREAM KITCHEN! Finished AZ Room with BRAND NEW A/C unit & wetbar inclluding granite countertops,Crown moulding throughout, Hardwood flooring where it really counts, Bay window in the kitchen with window seat, extensive travertine tile in both bathrooms w/Cherry wood vanities and granite tops. Office w/ built-in shelving and desks in 3rd bedroom. Epoxy sealed, extended length 2.5 car, AIR CONDITIONED garage with utlility sink. Too much to list! 36 holes of golf, Dog Park, pickleball, tennis courts and more!.

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36843 W Indian School Road Tonopah, AZ 85354

$550,000

4 Beds

2.5 Baths

2,969 SqFt

Status Active

MLS # 6694104

Property Type Single Family Residence

Price Type --

Wow, fantastic opportunity to own a residence with 2,969 SqFt of construction on a 1.1-acre lot! The impeccable interior boasts a warm palette, neutral tile flooring, recessed lighting, tall ceilings, and a sizable den ideal for an office or a formal living room. The bright & ample great room promotes a greater traffic flow & maximizes space. This open floor design makes entertaining a bliss! The kitchen features white shaker cabinetry, granite countertops, stainless steel appliances, a pantry, and an island with a breakfast bar. The primary bedroom has a full ensuite with a step-in shower, a jetted tub, a dual sink vanity, and a walk-in closet. The vast exterior offers endless landscaping potential to get creative, with room for RVs, a pool, & space for horses to roam. Take a tour today!

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2137 E Downing Street Mesa, AZ 85213

$550,000

3 Beds

2 Baths

2,298 SqFt

Status Active

MLS # 6709293

Property Type Single Family Residence

Price Type --

See this stunning single-level property nestled on a peaceful corner lot, in the Pine Terrace community with no HOA. Enter this inviting & spacious floor plan with approx. 2,300 sq ft of luxurious living space & 3 oversized bedrooms. The primary has 2 huge walk-in closets. The kitchen has been completely renovated, the roof replaced in 2023, some new lighting, freshly painted, custom exterior paint & the solar package is only $86.00 a month. In addition, to the breakfast bar there is a dining room, an Arizona room to feel the tranquility of the private yard, a huge living room & a family room adorned with a fireplace & built in book shelves. Amazing desert landscape surrounds this home & pool in beauty. The CUSTOM RV SHELTER & hook up is what you have been looking for. MOVE-IN Read

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