Student Rentals vs. Student Investments
Victoria Furdui • September 26, 2024
Student Rentals
This refers to the process where a student (or their family) rents a property for the duration of their education. Here, the student acts as a tenant, and the property owner is responsible for maintenance, rent collection, and compliance with landlord-tenant laws.
Key Features:
Renter Status: Students sign a lease for a set period (often one academic year), and pay monthly rent to live in the property.
No Long-term Asset: The student does not own the property or gain any equity from paying rent.
Landlord's Responsibility: The landlord handles repairs, maintenance, and utility management.
Flexibility: Renting allows students to move easily once their studies end or if they change schools.
Costs: Rent is a sunk cost with no return on investment for the tenant.
Student Investments
In contrast, student investments refer to when a student (or their family) purchases a property while they are in university. Instead of renting, they own the property and can potentially rent out extra rooms to other students to generate income.
Key Features:
Ownership: The student (or their family) owns the property and builds equity as mortgage payments are made.
Income Generation: If extra rooms are rented out, the student can cover part or all of the mortgage with rental income.
Appreciation: The property might appreciate in value over time, offering potential profit when sold.
Responsibility: The owner is responsible for maintenance, property taxes, and dealing with tenants.
Investment Potential: This approach turns student housing from a cost into a long-term investment, offering the possibility of asset appreciation or future rental income.
Long-term Use: The property can be retained after graduation as a rental or sold for profit.
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