Every year, millions of students are admitted to universities all over the country. High school graduates from all over the country will be faced with the reality of the college admission deadline and work towards getting into college. A large portion of students will be looking for accommodation off-campus, not to mention those who might decide to leave the campus in their second, third, or final years and look for accommodation outside it.

This means there is already a large number of people readily available to rent your property, therefore securing your investment. There is a high demand for housing among college students, and this means you will be able to charge reasonable prices that will profit you and provide higher yields while having a low marketing budget. It is important to note that college towns sell themselves as they’re full of endless amenities designed to attract students, such as restaurants, galleries, cinemas, shops, etc. As a result, you almost have no marketing to do.

This also provides a means for you to make passive income, as well as broaden your investment portfolio, enabling you to save money and plan your future better. A great example of these are the student apartments Tucson area.

But this is just the tip of the iceberg. Listed below are reasons why you should strongly consider investing in college student apartment rentals:

High Yield

One thing that is sure about college student apartment rentals is that your investment will pay—and it will pay well. This is because of the high demand for apartments by college students and staff. Investing in college student apartment rentals will create high cash flow and generate a lot of income. The average return on investment is around 10%, which is fantastic and pretty significant for passive income. You also don’t have to worry about your tenants leaving after a year or two; there will always be students who will want to rent your apartment so there will be no long vacancies.

Demand

It is quite clear that college towns have a high demand for student apartment rentals. The presence of a large number of students means that there will subsequently be a high demand, which, in turn, will lead to the creation of high rental yield as investors will be able to charge rent that is profitable to them. And this isn’t just a couple of rebellious students who refuse to live on campus—at least 40% of college students live off-campus, that’s a whole lot!

And it’s not just students either. College towns also have a lot of college professors and college staff who are looking for off-campus accommodation. This is an oil well for real estate investors, and there is a lot of demand.

Regular Rent Payment

Another great benefit of renting to college students is that, as tenants, they’re notorious for paying their rent regularly and on time. The hassle for rent that is common with non-student tenants is not a feature of college student apartment rentals. The consistency in payment is amazing and very healthy for investors.

This is because college students are financially supported by their parents, and those who are not supported have grants and loans to fall back on. Many students also share apartments and, as a result, share the bills, which makes it much easier for them to pay their rent on time. This is great for your investment as it creates a secure and steady source of income for you.

Tenant Expectations

Students have low expectations for off-campus accommodation. They aren’t expecting the condition of the apartment to be so great; they’re more than excited to be living on their own for the first time and, as such, will select any apartment that looks half decent. Students are more bothered about how close the apartment is to campus, the size and features of the apartment, as well as parking provisions. While you will have to give the apartment a complete makeover if you’re going to rent it to non-students, students don’t care about having a perfect-looking apartment; they find joy in transforming their apartments to look the way they want it to or fit their unique aesthetic. So the need for costly upgrades to your apartment has been eliminated by targeting the college student market.

Conclusion

With all this in mind, you should consider investing in college student apartment rentals. It is lucrative and secure, plus you'll be doing the community a service by providing housing for students. While being a landlord comes with challenges, no matter how you look at student rental, it’s a win-win and an opportunity you shouldn’t ignore.