Student Rentals

Student Rentals are one of the most lucrative type of investment property available for purchase. They may come with extra effort however if managed properly they are a great way to increase cash flow while paying off your mortgage. Student Rental as an investment properties differs from a single family residence as you will be renting to a group of friends who will be renting out the house on a single lease but on a room basis. This allows you to increase your rent quite a bit.

What to look for in a Student Rental as an investment property:

• Large Bedrooms – student will spend a large amount of time in their individual space therefore having a large bedroom is a necessity
• New Kitchen – Students are used to living at their parents houses and are accustomed to granite or quartz countertops with nice kitchen layouts and floors
• 5 or 6 bedrooms – unless their is a license in place that limits the amount of tenants having a 5 or 6 bedroom house will allow you to maximize your cash flow
• 2 Living Rooms – When you investment property includes 5 or 6 tenants it is important to make sure their is enough living area for them
• 2+ Bathrooms – have 2+ bathrooms in your investment property is a must for student rentals as it is very difficult to rent out a house with 1 when dealing with large groups

Ideal locations for a Student Rental as an Investment Property would be in a city where Universities and Colleges are located. Having the houses in close proximity to the university and bus stops next to the house will increase the amount of rent you can collect and ensure they rent out quickly.

Universities that are great for income properties include Brock (St Catharines), McMaster (Hamilton), Laurier & Waterloo (Waterloo), Western (London), UOIT (Oshawa), Guelph and Windsor.