With a slate of reputed and established academic institutions 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, which also are in limited supply. This presents an opportunity for the rental property owners and property management companies not only due to stable year-round rent payments but also due to limited impact due to 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 and even some property management professionals. Therefore they prefer young families, matured couple or working professionals for stability in their tenancy.
So why are student tenants considered as greater risk or liability by rental property owners? Well, there are many reasons for it;
Property management professional’s tips on giving your rental home to the college students
Should you really need to hire an experienced property rental management company to manage your rental property in Calgary that has a student tenant? Of 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 is a premier property services company in Calgary. We help landlords with all aspects of their rental property so you can focus on things that matter most for you. while we do the heavy lifting for you. Let us help you find great tenants and keep your rental in top shape to maximize return on your property investment.
For more please visit our website www.leasewell.ca or contact us at email@example.com