Student Housing markets stay strong for property managers and landlords
Residential Rental Property Management College Town
College residential rentals have stayed strong in most of the markets enabling property managers, property management companies and landords to keep their residential rental properties occupied. Even reluctant landlords in these markets have succeeded and managed to eke some earnings and hold on to their properties. This is being driven by higher college enrollment in many colleges, which has also pushed rents up for student tenants.
Realty Times published an article about student housing and quoted Register-Guard, “Preliminary figures have University of Oregon enrollment up about 4 percent, bringing an additional 840 students — some of whom will be searching for housing in the local rental market, upping demand.” The average length of time to graduate with a bachelor’s degree is about 5.6 years.
If you have a rental property conveniently located near a junior college or university, those students can become your prime rental market securing leases for an extended period.
Read story about student rental housing by CLICKING HERE
Read another story about property management company whose rentals to college students are doing well by CLICKING HERE
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