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Renting an apartment to students is one of the trends in the real estate sector, as demand increases more and more.
Many students annually travel to another country to study and live unique experiences there. There are many supports from public administrations to students so that they can study abroad.
Next, we are going to show you the great number of advantages that renting your apartment to students has and the absence of inconveniences.
Advantages
Short contracts
It is one of the only publics that accept short-term contracts. Normally they are about 8 or 9 months since they usually study for a whole year. But there are also cases in which the contract lasts 4 months or 2 years.
In any case, the contract is short. This has the advantage that if you need the home at any time, you can have it fully available quickly.
As there is a lot of demand, you should not worry that the contracts are short and you will run out of tenants. Every year more students arrive, so the following year you will have a different student.
This accumulation of aspects turns something apparently bad with the students into something good.
Payment of fees
They are the most loyal audiences in terms of payment. Payments are normally made by the student’s family, so the possibility of non-payment is really very low. It is hard to imagine a parent failing to pay for the student accommodation their child is in.
This gives a lot of peace of mind the moment you rent a home. Having the certainty of payment reassures the owners a lot.
Possibility of renting your apartment to students by rooms
It is one of the latest trends in the real estate sector. Renting a student room is one of the most profitable options for all parties.
The rental price for student rooms is clearly lower than for an entire apartment. That is why the student earns a clear economic discount every month.
The owner makes even more money by renting rooms. Although the figure per room is lower than the rent of the entire house, the sum of the rents of all the rooms does add up to much more than the price of the house.
Savings in payment to the Treasury
In the event that the student apartment is rented to people under 35, the rent has a 100% deduction at the Treasury. It is something that only occurs in Spain. These are incredible benefits since depending on each person, you can get to pay a total of 48% of your earnings.
Disadvantages
Renting your apartment to students is about something more beneficial than anyone can expect. Not only for the above advantages, but because many of the disadvantages that can be thought to exist are not really.
Parties
Many homeowners think that renting their apartment to students is synonymous with party and madness. The truth is that there are cases in which this is the case. But it is a minority. It is true that most of the students who study abroad take the opportunity to party a lot. But in very small cases they move the party to their student accommodation. Mainly because they are aware of the repercussions that these acts can have.
Empty summer months
Some owners think that renting an apartment to students means that in the summer months the house is left alone and it loses profitability. The truth is that this is not the case. In summer, many students, mainly non-university students, take the opportunity to travel to the main cities to learn new cultures and perfect their foreign language. These students are many, since more and more languages become more important to look for work. Students are aware of this and that is why the demand for summer study increases every year.
Also other students choose to work abroad to get some money and also learn new cultures and languages.
In conclusion, renting an apartment to students is synonymous with obtaining many advantages and no inconvenience. Many of the apparent drawbacks are actually advantages or at least far from being a disadvantage. Visit the Lodgerin website for information on how to rent your apartment to students.
