• 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

Why You Should Rent to Students

December 12, 2018

Why You Should Rent to Students

Why You Should Rent to Students

If you own a rental property near a college, it’s inevitable that you will have to rent to students. This is not an idea most landlords fancy. However, there are many perks to renting out to students that other tenant groups do not present. You might end up preferring to rent to students as opposed to other tenant bases. Here’s why:

  • High Demand

One thing you can count on as a landlord is the high demand of housing around college towns. This is because most colleges and universities don’t offer the student housing for the four years. As such, the students have to venture outside the campus to secure accommodation during the time they can’t settle in college. Considering the fact that the campuses have thousands, and in some, tens of thousands, of students, you can see why the demand for rentals is going to be high. And the good thing is that the demand for rentals is cyclical. In every new school year, a new set of students will be looking for an apartment to live in.

  • Higher Rents

When renting out to students, you are in a position to demand a higher rent compared to other rental bases. Why is this? One, students prefer to move in with roommates as opposed to living alone. This means that they split the rent payment. For this reason, you might be able to squeeze a few extra hundred dollars from them than if you were you dealing with the other rental population. The other reason why you might demand a higher rent is because housing is always in great demand. The students who study in learning institutions and can’t secure on-campus housing will have to look for an apartment to live in. Besides, it’s elementary that when demand for something is high, the price goes up.

  • Payment by a Third Party

It is quite common for students to have their rent payments made by someone else. In most cases, it’s the student’s parents who meet the rent and will, therefore, serve as the co-signers of the lease. In other cases, students on a financial aid package will have their rent paid as part of their living expenses. Whichever the case, you can be assured of the rent every month. In fact, in some cases, the parents might even pay the rent for the whole semester in advance.

To be continued…

Filed Under: LA Property Management News, Projects, Property Management Education, Residential Properties Tagged With: apartments, Property Management, rental units, renting to students, student housing

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.