Student housing has been growing rapidly in America and other parts of the world. It has the ability to generate a consistent source of income for the long term for owners of properties close to colleges, universities, and private institutions. When you compare student housing to other forms of real estate, you will find it has the ability to survive even during the recession.
Nelson Partners – Assisting property owners with student housing in the USA
Irrespective of how bad the economy is, parents will always encourage their children to get a college or a university degree for job security in the future. The demand for education never falls. Every year, even thousands of international students come into America to study at some of the most prestigious and popular educational institutions in the land. Today, student housing is a lucrative investment, and so if you have a property that is close to any educational institution like a college or a university, student housing is surely an option for you to consider.
Keeping the above in mind, Nelson Partners, a credible student housing real estate development company, is helping property owners enter into this lucrative asset class. This privately-owned company was founded by Patrick Nelson, who has more than 14 years of experience in the industry. This privately-owned company focuses on college students who are looking for affordable off-campus accommodation
The company also helps owners with their property management needs since some of them are completely new to the field and need help when it comes to providing the basic amenities to students like a fast speed internet connection, a space for studying, eating, cooking, and entertainment space for interacting with friends and family. Some student housing units give space to students for playing sports.
The potential to generate long-term income
Students who study both graduate and post-graduate courses attend college or university for at least two to five years and even longer if they decide to opt for higher studies. This means you will get rent from them during this duration. The property occupancy in student housing will never be zero as even if one set of students leave after completing their studies, there is always a new set of students that come in for their courses at the college or the university every year.
There is no loss of income with student housing
The whole set of students will never leave, unlike private properties that rent out to families. Once the family leaves, the landlord needs to list or advertise the property for getting new tenants. In student housing, this is not needed as when one batch of students leave, another set enters, and so there is no loss of income.
Another advantage of student housing is you do not have to offer space for car parking to them. Most students cannot afford a car. They prefer choosing a student housing accommodation from Nelson Partners that is within walking distance to the college or university campus to save time and money.