If you’re looking to earn a steady stream of income through real estate, then student housing may be the way to go.
Owning off-campus student housing is often seen as a safe bet with solid returns, especially compared to standard rentals in less predictable markets.
Are you eyeing your next property investment? Here are a few reasons you might want to take a look at student housing — even in this unpredictable era.
- Demand is consistent. As long as colleges and universities exist, there’s always going to be a strong need for housing around their campuses. Single-family homes and multifamily units are both options in this niche.
- Rent prices are strong. With great demand and the high prevalence of roommates, you can typically charge at- or above-market rent costs with student housing, which will probably lead to higher profits in the long run.
- Vacancies are low and predictable. There aren’t many vacancies in college towns — at least ones where enrollment is high. And when they do occur, most of them will happen around the same time each year, so you can adequately prepare for them and start marketing your property ahead of time.
- You can get a good deal. Since many college students are learning virtually right now, some local property owners may be looking to sell, even at a loss. But snapping these deals up now could mean big profits for you once schools resume normal operation.
Do you need help finding the right property for your next investment? Reach out today.