Commercial real estate generates good income; however, student housing investment is equally lucrative if you own a property near a college or university. The biggest advantage of investing in student housing investment is that you can even earn consistent income when there is an economic downturn. Students will study, and they look for comfortable living spaces that are better than dorms with more amenities close to their campus. Today, the number of students living off-campus is rising, so investing in student housing real estate is a wise investment.
Nelson Partners – Get help from a team of skilled and proactive professionals
Nelson Partners is a highly trusted and credible name in the field of student housing in the USA. Established by Patrick Nelson in 2018, who has more than 14 years of valuable experience in the industry, this privately owned company focuses on college students. It manages more than $400 million in assets with two recent offerings that are close to the University of Colorado and The Western University, with its headquarters based in San Clemente in California in America.
According to the team of experts here, both college and university campuses attract both international and national students every year. Moreover, besides students, other professionals are looking for accommodation close to the college or the university to save time and money. This means if you are a property owner near a college or university, considering student housing is a smart move.
No car parking space needed
Even if you do not have a car parking space, you do not have to worry. Students like to stay within walking distance from the college or university. Most of them do not even have a car. There are other college or university staff who are looking for accommodation close to the campus, and they are keen to be your tenants too. Your property does not have to be in pristine condition for students as they are primarily focused on their studies and not the interiors of your property, unlike the conventional renter who is concerned about the condition of your property.
Basic living conditions are enough for students
Students need an area to study, eat, cook and meet their family and friends. They need space where they can focus on their academic goals in peace.
Many landlords are concerned about students as responsible payers of rent states Nelson Partners. Most of them are worried that they will not pay in time, and they are really afraid of non-payments. However, research has shown that students are responsible, and they do pay their landlords in time. Moreover, they have parents as their financial back-ups, and even if a student does delay payment of rent, the parent guarantor is always there to cover up for the student.
Students study in courses at college for an average period of two to five years. They are tenants for the long-term, and you will always receive consistent income from them when it comes to student housing real estate investments.
