• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Facebook
  • Twitter
  • YouTube

Owner Login | Tenant Login | Get a quote: 323-255-9400 ext. 4

Los Angeles Property Management Group logo

Los Angeles Property Management Group

Property management in Los Angeles & the Valley, done right.

  • Residential
    • Services Provided
    • Single Family Residence
    • Luxury Property Management
    • Tenant Selection
    • Maintenance
    • Video Marketing Your Property
    • On-Site Managers
    • Agent Referral Program
  • Commercial
    • Services Provided
    • Maintenance
    • Agent Referral Program
  • Why Choose LAPMG
    • Mission Statement
    • Recent Reviews
    • Awards and Recognition
    • Why May 12th Matters
    • True Property Management Horror Stories
    • Video Resources
  • Articles
    • David Crown in Forbes
    • Q & A with CEO David Crown
    • LAPMG Talks
    • Case Studies
    • FAQ
    • Featured Article of the Month
    • Featured Elsewhere
    • Industry Blog
  • Areas Served
    • Burbank
    • Culver City
    • Glendale
    • Hawthorne
    • Inglewood
    • Los Angeles
    • North Hollywood
    • Pasadena
    • San Fernando Valley
    • Santa Monica
    • Sherman Oaks
    • Studio City
    • West Hollywood
  • Contact
    • Our Team
    • Portal Logins
    • Prospective Tenants
    • Employee of the Month
    • Careers
    • Privacy Policy

Top 5 Amenities You Must Consider When Renting to Student

March 17, 2018

Renting to students

Are you considering renting to students? It might not be as easy as you think. When you want to tap into the highly competitive but lucrative industry of renting to students, there are a number of factors you must consider.

Before you start thinking about working with students, you need to have a large student population in the area. There are a number of universities in Los Angeles areas, if your property is close to any of these institutions, you may consider working with students. When you are thinking about working with students, there are a number of factors that you need to put into consideration. In this article, you will learn about factors that you need to consider.

Consider Hiring Property Management Company

Renting to students can be complicated, if you are planning to rent to students, you will make your job easier when you hire a property management company.

Property managers are expert in the local market and their knowledge of the area can be a valuable asset you should exploit. When you make use of an experienced Los Angeles property manager, he will make it easy for you to market your rental property. Moreover, managing students can be a handful, with the experience of property managers; you will find it easy working with students.

Whether you choose to work with a property manager or not, below are 5 important tips you need to consider when you plan to rent to students.

  1. Great Location

Having a property close to a university can be a huge asset.  Students love it when a property is close to their school. In fact, you will have many students requesting for your rental property if your property is very close to the school.

Students also want a property that is near to supermarkets, restaurants, coffee shops, sports clubs, and other student hangouts. If you are considering buying a property you will rent to students, make sure that your ideal property is in a great location.

Remember that most students don’t have cars; you may also want to choose a property that is close to a public transport route. This will make it easy for students to get to school every day. Even when your property is a bit far off from the school, ensure it is along a public transport route.

  1. Affordable Rent

If there is one thing every student wants, it is an affordable rent. If you are thinking about renting to students, you should consider making your rent affordable.

Most students have fixed housing allowances for making a consistent rental payment. They are probably looking forward to saving some money by getting an affordable property for rent. You should also offer them the option of a shared bedroom. Many students adopt this option because they want to save money.

Create a rental plan that allows a student to save money. You will definitely attract a good number of students when you have an affordable rental property that is near to a school.

  1. Furnishing

Most students are not looking for high-end furnished apartments. However, they would appreciate it if you furnish the apartment with quality fixtures.

Remember that students can be reckless most of the time. You will need to furnish the rental property with simple and modern fixtures that are easy to clean, hard to break, and easy to maintain. Don’t just install desk, wardrobe, and standard bed as your furnishing, take a step further and include kitchen gadgets, utensils, and other amenities like Wi-Fi, TV, and fridge. Having a great furnishing is an easy way to attract students to your location. It would also make it extremely easy for the students to refer other students to your property.

  1. Common Areas

Students like to maintain their privacy. However, they still like to gather once-in-a-while to chat and do things together. When you are thinking about renting to students, it makes sense to make one of the rooms a common area where students can hang out or do social events. Having a well-maintained communal room for housemates can go a long way in fostering community spirit.

  1. Laundry Facilities

Remember that you will need to have on-site laundry facility when working with students. It doesn’t have to be something very expensive. It can be a washer and dryer. However, remember that you will need to have about 2-3 washers and dryers depending on the number of students in your apartment. Having a laundry facility will allow you to retain your tenant. When you force your tenants to go all the way to a friend’s house or laundry mat, you will lose them.

Conclusion

When you have these facilities mentioned above, it will make it easier for you to work with students. Renting to students can be very rewarding. However, you need to ensure they have the facilities they need to stay happy. As an owner of rental property, you will have a peace of mind when you work a top property management company in Los Angeles.

 

Filed Under: Commercial Properties, LA Property Management News, Latest News, Projects, Property Management Education, Property Management FAQ, Residential Properties Tagged With: Burbank Property Management, commercial property management los angeles, Los Angeles property management companies, Property Management, San Fernando Valley property management, Studio City Property Management

Primary Sidebar

    PROPERTY OWNERS: CONTACT US FOR A FAST FREE QUOTE

    (This space is not for tenant contact)








    Loading...

    Footer

    Award-winning management means:

    Best property management in Los Angeles - Our Awards

    • Maximum profits.
    • Responsive service.
    • Vacancies filled quickly.
    • Accurate understandable monthly reports.

    Proud Members of:

    AAGLA AOACA AIR Commercial Real Estate Association Member BOMA 2022 Member of Forbes Real Estate Council

    Contact Information

    
    

    YouTube LAPMG   Facebook LAPMG   Twitter LAPMG

    Los Angeles Property Management Group
    10960 Ventura Boulevard Second Floor
    Los Angeles, CA 91604
    Phone: 323-255-9400
    Contact Us

    Los Angeles Property Management Group is registered with the California Bureau of Real Estate License #01931033.
    Kyle Crown License #01936385
    David Crown License #01157354

    © 2023 Los Angeles Property Management Group · Privacy Policy
    10960 Ventura Boulevard Second Floor, Los Angeles, CA 91604 · Phone: (323) 255-9400
    LAPMG is committed to ensuring digital accessibility for people with disabilities. We are continually improving the user experience for everyone and applying the relevant accessibility standards. If you have any issues, please contact dcrown@lapmg.com.