Back to the future: Community politics and student rental accommodations http://t.co/KXIB5FA6Vq – Some things never change
— Landlord Relief (@LandlordRelief) July 2, 2014
Renting residential properties to students can be a good way to invest in real estate. It is a different kind of market which needs to be understood. There are two broad categories of issues (both of which I have written about):
1. Zoning and other municipal by-laws which may apply to student rentals;
2. Understanding students, the student rental market and how to be a landlord to students.
The above tweet references a blog post that provides interesting commentary about community politics and student rentals.
The post includes:
The Towers of Spite
A little over 20 years ago, we moved away from an area near the university. The area had become mostly a student ghetto, but the students were far less of a problem than the snotty local homeowners up the street who were doing all they could to fight the transition of the homes from single-family residences to student housing. Here is an editorial I wrote then.
You can read the complete post here.
The message is simple but forgotten.
If you are investing in real estate for the purpose of renting to students ask yourself:
How will house rented to students “fit into the community”?