Why should I rent my home to students?

 With a city that has a large student population, renting out your unit to students is considered the best option. Student rentals in Kingston tend to be well-behaved and aren't going to toss a huge party if you're not around. With all of these benefits in mind, here are some reasons why you should consider renting to students in Kingston:

1. Student renters take care of the unit


In contrast to non-student tenants who have been known to rent places just so they can leave them in disrepair when they move out, many student renters actually want their homes or apartments looking decent when they leave since that makes it easier for them to find new tenants in the future. Student renters take great care of your property, pay utilities on time, and will not damage the home.


2. Student renters are usually quiet tenants


As mentioned above, many student renters are not going to have loud parties that disturb your neighbors or shatter your eardrums anytime soon. This is because students usually go out at night so you won't be hearing them coming in late at night or waking up early in the morning. Student renters rarely hire people to create a ruckus for their neighbors so it will be easy for you to live together with tall walls between your units. Also, most students don't like noise as it disturbs their studies and can affect their grades negatively.


3. Student renters save you money on advertising fees


One of the biggest benefits of renting to students is that they can take care of advertising their property themselves. Student renters can post ads on popular sites such as Student Beans or Student Cribs so you are not required to pay any fees for rental listings. Student renters can also sign a tenancy agreement with you so it is easier for them to find future tenants when they leave.


What are the pros and cons of renting to students?


Renting to students in Kingston has never been more popular. Student rentals were up 250% between 2011 and 2013, and the trend hasn't shown signs of stopping. There are many things to take into consideration when we think about renting to students:

  • Student rentals can be a great source of income
  • Student renters need landlords who understand their needs
  • Student renters often lack credit and rental history so hard to get insurance and mortgages

For some landlords, the increase in house prices leaves them with no choice but to rent out their property instead of selling it. While this is a simple option for some landlords, others do not like the idea of having tenants living in their homes without them actually owning the property. Student renters need specific allowances that many landlords are not willing to provide.


On the other hand, students bring an increase in demand for necessities such as grocery stores, restaurants, and services catering to their needs. This can be a great opportunity for savvy business owners who know how to cater to their needs without them overstaying their welcome on your property or becoming destructive tenants. Student rentals in Kingston often need leases signed off by parents so this might be something you will have to consider before renting out your home on a semester basis.


An important thing to keep in mind when you're thinking of renting out your home is that these people will most likely stay with you for only one semester which means they will be around long enough for any necessary renovations or repairs to be completed but not enough for your property to decrease in value.  


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