6. Rent Guaranteed
Many people believe that students are difficult tenants. Why is it a common perception? It is because people think that students are likelier to default rent. However, this is a misconception that needs to be dispelled. From a rational perspective, students are good payers of rent.
In case there is an issue with rent payment, an investor can count on the parents as guarantor. The parents act as the rent guarantee that we are talking about. Therefore, fear of rental defaults should not be used as an excuse for not investing into student accommodation. It is worth noting that defaults are few; and may be unpreventable in all accommodation units.
Comments
Loading…