Have you made a real estate investment with rental income or inherited a second home? Now all that remains is to rent it out to achieve the sought-after automatic income. But to whom should you rent? An interesting solution could be to rent the house to university students.
The advantages of renting a house to students
This type of rental has recently been very popular among property owners. The benefits are not only for the tenants, who can share costs with other tenants, but also for those who choose to allocate their property for this type of rental. In detail, owners can certainly benefit from greater flexibility, particularly if it becomes necessary to vacate the house for it to be sold or used personally. Last but not least, choosing to rent individual rooms instead of the entire apartment often allows for higher earnings while simultaneously reducing the risk of late payments. The profit can even be double compared to that of traditional rental. And the students? They can not only share the costs but also, especially in big cities, afford to share apartments in the center rather than studios far from the cityโs heart. At this point, to make this possible, it’s necessary to rely on professionals who handle rental management in Nice.
How to rent to students: who to contact?
If you too want to make an income investment and consider renting to students, to avoid getting into unprofitable or risky situations, the advice is to entrust your rental property’s management to experienced professionals. Nexity is one of the top real estate developers on the market and offers you a complete range of services to facilitate and delegate the management of your rental properties. Delegating the management of a house or apartment is challenging because delegating means entrusting a valuable asset into someone elseโs hands and also, in a sense, your credibility. However, the benefits of professional rental management are numerous. It is difficult for a property owner to manage student rentals alone.
Having an economic income without having to worry about anything
The undeniable advantage of professional rental management is being able to entrust an expert with all housing-related matters, from the simplest to the most complex. Apart from paying the bill to the property manager and declaring taxes at year’s end, the owner doesnโt have to worry about anything. They collect what is due, handle accepting and paying for any property improvements, but everything else is out of their hands. Itโs unnecessary for them to be present to welcome tenants upon check-in. There’s no need for frequent visits to the apartment to ensure there are no damages, malfunctions, or that cleaning has been done well. The professional will handle everything, even bureaucratic matters.
