The Tampa FL Property Manager and Student Rentals
If you're working as a Tampa FL property manager, there will probably come a time where you need to decide whether or not to target the student population as you advertise your properties. Whether you live near a large college campus or not, community colleges exist almost everywhere, and so there's a constant market to tap into. Some Tampa FL property managers may feel hesitant about attracting students to their properties just because of preconceived ideas about college students. Here are some points to help you come to a balanced conclusion.
Parents often handle paying the rent : Because parents often send the rent check directly to the Tampa FL property manager themselves, it's easy to look forward to an uninterrupted stream of income. If the checks keep coming in consistently, there's no need to even bother with approaching the student about paying rent.
Some Tampa FL property managers companies prefer renting to students because they feel that it's okay to command a higher price as long as the property is within close proximity to the university. Many students willingly pay a higher price just for the convenience of being close to class. Also, as the Tampa FL property manager, consider advertising the fact that students can live walking distance from the classroom when they rent from you.
If your Tampa FL property management company has decided to rent to students, consider the possibility of more frequent maintenance calls, especially if there is a group of students living in the property. This certainly isn't to say that students are messy or destructive by default, but any time there's multiple residents in a property, the possibility for issues does increase. Along with that, make sure to stay updated about any area zoning laws, including noise restrictions. Make sure that the location of your property is such that it allows for multiple occupants. And, if noise restrictions are in place, be sure to fully disclose them to tenants before the lease is signed.
These are just a few things to think about when renting to students. If you're just starting to experiment with the possibility, it's a good idea to start small and rent to just a few students at first to see how it goes.