Enter your email address for weekly access to top multifamily blogs!

Multifamily Blogs

This is some blog description about this site

Changing Real Estate Investment Trends: Why Investors Are Suddenly Rushing Into Students Housing

Changing Real Estate Investment Trends: Why Investors Are Suddenly Rushing Into Students Housing
A couple of years ago, investing in student housing was only a reserve for investors who had the tenacity to take on the risks associated with student renters. A bulk of property owners increasingly considered this group of tenants substantially riskier compared to regular renters. Recently however, the tables have turned in favor of both students and real estate investors, mostly because student housing is now considered a resilient asset class with the capability to remain profitable even in a depressed macro-economic environment. Interestingly, it’s not just in the US. The trend spreads across other countries, particularly in prime study destinations like Canada and the UK. The State in The U.S. In the U.S, for instance, investors and developers are mostly attracted by the demand trends for U.S. higher education. According to 2015 statistics by the National Center for Education Statistics, there are more than 20.2 million college and university students in the U.S. Although there’s almost a half a million year-over-year decline compared to the 2012 attendance figures, there’s an overall 4.9% increase compared to the same period in the fall of 2000. This population, as predicted, will grow to 24 million by 2022, with the echo boomer generation enrolling in greater numbers, and increased interest in U.S. colleges among international students. These numbers, coupled with the fact that institutions are currently facing funding challenges in expanding on-campus accommodation facilities, has created a great opportunity for private off-campus housing to serve unmet demand. The exceedingly growing college population is providing a stable suppl......
Continue reading
2555 Hits
2 Comments

How To Appeal to Student Renters This School Year

How To Appeal to Student Renters This School Year
The days are getting shorter and the big box stores are all discounting their pens, notebooks and folders. That can only mean one thing – it’s just about time for millions of college students across the country to head back to school! What does that mean for you? If your apartment community is near a college campus, late summer and early autumn can be a busy time of year. Are you looking for ways to attract more student renters to your community this school year? Read on for some helpful hints.   Offer Flexible LeasesMany college students are at school eight or nine months of the year, then return home for the summer. With the high cost of school expenses, many students aren’t willing – or able -- to pay for three or four extra months of rent while their apartment sits vacant. So, consider offering shorter lease options to your student renters. Or, as an alternative, consider offering student renters the opportunity to sublease their unit during the summer. Embrace Photos and VideoMany college students choose to attend a school that is far away from home. These student renters usually don’t have the luxury of touring dozens of apartments before choosing their next home. Some may even rent an apartment without setting foot on the property. Give these renters a virtual tour of your apartment community by providing high quality photos and video of your community on your website and ILS ads. Not only will you help renters narrow down their options, ......
Continue reading
1293 Hits
0 Comments

Renting to College Students

Pilera College StudentsWith the fall semester starting up once again at colleges across the country, some property managers are faced with a familiar annual dilemma: Should I rent to college students? There are a lot of concerns right out of the gate when contemplating this step. For example: Maturity. It’s nice to think of college students as responsible young adults, learning to make their way independently in the world, but in reality, college freshmen are a few months removed from high school seniors, and are still very young. That’s not to say that all college freshmen are immature, but it’s definitely a consideration. Credit. Most college students have no credit history at all to check, so the property manager will need to have someone with good credit to co-sign the rental agreement, whether it’s one parent, both parents, or a legal guardian. School year. It’s not always the case, but some college students are only interested in renting for the school year, usually September to May or June. If that’s the case, you might have to add in a sub-lease clause to the rental agreement, or arrange for a full year’s rent to be spread over a shorter time period. Parties. It’s no secret that college students have parties, and those parties can get out of control fast, causing headaches for you, your other tenants, and the community. Rental agreements will have to be explicit regarding number of guests at any given time, noise regulations, and damages. Still, all those considerations aside, the college crowd can be a financial win......
Continue reading
2437 Hits
1 Comment