With a slate of reputed and established academic institution and bustling presence of energy companies, Calgary does attract a fair amount of student population from the cities in the province as well from across Canada. Many students prefer to stay in rental units instead of college provided hostel facilities that also have limited supply. This presents an opportunity for the rental property owners not only due to stable year-round rent payments but also due to limited impact by changing economic variables. However, this does not mean that renting to a student renter is completely risk free!
Are you ready to rent your rental property in Calgary to student tenants? Well, you are in doubt, right? Typically, renting out to students is considered a higher risk proposition by many property owners, therefore they prefer young families, matured couple or working professionals for stability in their tenancy.
So why are student tenants are considered as greater risk or liability by rental property owners? Well, there are many reasons for it;
Things to consider when giving your rental home to the college students
Should you really need to hire an experienced property management company to manage your rental property in Calgary that has a student tenant?
Off course you don't have to if you have the experience and time to manage the property maintenance and tenant affairs on your own. However if you a new rental property owner, are busy professional or do not want the hassle, a reputed property management company is probably the best bet.
LEASEWELL Property Management helps management of your rental and investment property completely hassle free for you so you can focus on things that matter most for you. We do this while making sure that you have choice of high quality, pre-screened tenants to choose from to maximize return on your property investment.
For more please visit our website www.leasewell.ca or contact us at firstname.lastname@example.org