Why Renting to College Students is not that Bad Idea?

I still remember my apartment hunting along with my college buddies a few years ago. One morning we bought a newspaper and start ringing different landlords, arranging appointments and so on. It was not easy to find what we were looking for, but at the end of the day we succeeded one way or another. Finally, we were all happy with our choice and signed the contract. I know some landlords are complaining about their experience with students, but I can honestly say we were pretty good tenants and for four years there was not a single complain from our neighbors.

Now, when I am on the other side being a landlord, I can say that I learned a lot from the way our lessors treated us. In most cases landlords know students are going to leave after a while and don't spend too much time and energy to pay attention to complains.

Let me tell you why renting college students is not that bad idea as it may sound. Of course, if your apartment is decorated with expensive items, have luxurious pieces of furniture, appliances and so on, you will most likely want to rent to anyone but not to three-four young students. On the other hand, if the property is not in top notch condition, it might be a good idea to have young students as lessees. Let me show you why I think so and give you examples from my own experience.

Most of the students, especially if they need to find something right away, are not very choosy. So, in case your home is not in the best condition possible, you will have pretty good chances to find someone who wants to live there. Very often students will not have too many options and will prefer to find something as soon as possible. Also most times they will be spending mum and dad's money, so they might not pay attention, if the price is too high.

According to my experience students rarely want to renew a lease, so you should treat them accordingly. There is a big chance that your property is the first place they ever rent, so probably they will not expect perfect service. This may sounds too rough, but from business point of view it makes perfect sense.

• Things to Worry about

Although I have no big problems when renting college students, there are some risks involved and here is what I mean.Even if your new tenants seem very innocent and sweet, at some point they will start organizing some parties, but there is nothing wrong with that. Of course, it will be all right, if they do not cross the line and keep the noise to a bearable level. Let's say your rental property is located in an area where primary students live, so in this case there will be nothing to worry about when it comes to loud music, gatherings and so on. A problem could be the maintenance of the property, but still it is not a big deal. These days anyone can hire professional cleaners such as end of lease cleaning in Melbourne company and get his home perfectly cleaned for a small fee.

So, now it is up to you whether to go for college students or go for someone else. But if you don't have too many options, they are a fine possibility, too.