This is what you need to know when planning to buy a student rental property in Niagara.
1. Know where and how to advertise your property. Students spend a large amount of time on mobile devices and you need to tap into methods of advertising that are very mobile friendly
2. Wifi is of the utmost importance. The number one concern students have when renting a property is the speed and connectivity of the wifi. Forgo the cable package and opt for an upgraded internet package along with strong routers and hotspots, this will pay out huge in the long run.
3. Be prepared to answer to a higher amount of service calls. Typically, renting to students means you are renting to individuals who are very likely to be living on their own for the first time. This means that they may not be aware of simple ways to fix issues and will rely on landlords to ensure all amenities are maintained. This can prove to be difficult for out-of-town landlords.
4. Team Marandola Property Management (TMPM) offers more than 31 years of industry experience in property management. A locally owned and family operated company, TMPM specializes in student rental property management.
Phone 905-641-8001 or go to teammarandola.com