Last July, we launched a nationwide media campaign to encourage homeowners to consider renting their spare room to a student. This summer, the dire situation of students trying to find a place to live for next semester has not improved much.
Across North America, low vacancy rates continue to exist and student tenants are trying desperately to compete in the rental housing market. Finding safe and affordable accommodations at this time of the year is extremely stressful for these renters, especially international students travelling from abroad.
To assist with this dilemma, we are posing the question to homeowners once again, “Have you ever considered renting a spare room within your home to a student attending college or university in your community?”
There are many benefits to having a student reside in your house as a tenant. Below are just a few positive reasons to consider welcoming a student as a renter.
Great investment - new source of extra income
Tax benefits related to utilities, expenses, renovations and upgrades for the unit
Outdoor property maintenance could be shared by the tenant
Companionship and assistance, especially for seniors living alone
Cleaning, chores or caring for pets could be shared by the student
Live-in child care arranged or exchanged for rent
Offering support to students in the community can be very rewarding
Anyone interested in this opportunity is encouraged to list their rental properties on Places4Students.com immediately, as students are actively searching for accommodations now. A variety of units are needed, most especially individual rooms within a house, apartments, or shared units.
Some colleges and universities are offering FREE general listings at this time to generate more housing options for their students online (check our website for offers and details). Our customer service team is available to answer questions and help landlords to repost or set-up new rental property listings at 1-866-766-0767.
SEE ALSO: Tips on Setting a Rental Rate
The Places4Students.com Team