Student housing investments are lucrative deals for private property owners. They can effectively earn a consistent income for many years from students when they study undergraduate and postgraduate degree courses in college. Suppose one owns a very close property to a college or university in the region where they stay, considering student housing. In that case, real estate investment is indeed a profitable asset for you.
Nelson Partners – Bank on the experts for guidance
Nelson Partners is a highly esteemed name in student housing in the USA. This privately-owned company has its headquarters in San Clemente, California. It was established in 2018 by Patrick Nelson, who is a highly-skilled professional with over 14 years of experience in the real estate industry. This company enters into collaboration with property owners for student housing and guides them when it comes to focusing on college students and property management.
According to the company, private property owners who have structures near a college or university campus have the potential to earn a consistent and significant source of income from student housing. They can transform their buildings into stable sources of income when it comes to offering rental accommodation to students.
There is a misconception that students can get rowdy and damage the property. This is not true. Modern students are now searching for off-campus accommodation close to the institution where they study. They do not like staying in dorm rooms as the spaces are small, and often share them with other students. It can be really hard for them to study and concentrate in such an environment, so they look for rental accommodation near the campus where they study.
Concrete structures for added safety and security
If you closely examine student housing facilities, you will find they are mostly made from concrete. Students, as well as their parents, often associate them with better safety and security. In most cases, students are moving away from home and are living alone for the first time. When they see these structures, they get peace of mind as well as the assurance they will be safe. Moreover, students are more focused on academics over going around the property and causing damage to it.
Income from rents
College and university education are always in high demand. This means education will always be in demand even when there is an economic downturn or a recession (like what had happened after the coronavirus pandemic.)
Both parents and students know the value of a college or a university degree, and this is why the influx of students to these educational institutes will never end. When you invest in student housing, you will have students with you for at least two to five years down the line states Nelson Partners. They are long-term tenants, and so your source of income will flow for that many years. Even if some students leave after attaining their degrees, you will never have a fully empty property with no students. The remaining stay and a new year mean fresh new students are entering your property with regular income flow again!
