The Pros & Cons of Renting Your Home to Students in Austin, Texas
Maybe you own a rental property close to one of the many campuses here in Austin, Texas or you’re considering purchasing a property that could be considered student housing. You might be wondering to yourself:
Are students good tenants?
As a landlord, you always want the best tenant possible. Someone who pays rent on time will take care of your home like it’s their own and many more factors. In this post, we’ll go over the pros and cons of leasing your rental property to students!
Pros of Renting to Students
Increased Rent - Owning campus properties that consistently become occupied by tenants brings one great benefit - higher rent! The demand for your campus rental property lives outside of a typical rental home in Austin, Texas, and with that demand comes more earnings every month for you!
According to Yardi’s data, across the nation, campus properties are listed higher than the average home in the same area 67% of the time. Owning a rental property close to campus here in Austin, Texas can be a great way to increase your returns as a landlord!
No Tenant Shortage...